Electric Two-Wheeler Sales May 2026: TVS Leads the market, Bajaj Auto clinches to second spot

India’s electric two-wheeler market fired on all cylinders in May 2026, with Vahan registrations climbing to around 1.49 lakh units, translating into more than 40% year‑on‑year growth for the segment nationwide. At the top of this fast‑moving leaderboard, TVS Motor once again grabbed pole position by a clear margin, ahead of Bajaj Auto, Ather Energy, Hero MotoCorp, and Ola Electric.

Legacy ICE giants and new-age EV specialists are now locked in one of the tightest battles the electric scooter market has seen, as incentives stabilize and buyers respond to high petrol prices with long-term running-cost thinking. The May rankings highlight how quickly share is shifting, rewarding brands with strong products, financing, and nationwide retail and after‑sales networks today too.

Market Overview May 2026

According to the latest Vahan retail data compiled for May 2026, electric two‑wheeler registrations touched roughly 1.49 lakh units, up about 42% versus the same month last year. Most leading manufacturers also posted sequential growth over April, underlining that demand is broad‑based rather than a one‑month spike.

The top ten brands alone accounted for the overwhelming majority of volumes, with TVS Motor, Bajaj Auto, Ather Energy, and Hero MotoCorp together commanding well over half the market. Start-ups still feature prominently in the top ten, but the momentum is clearly shifting towards players who can marry EV tech with mainstream scale, financing options, and geographic reach.

Rank 1: TVS Motor

TVS Motor finished May 2026 as the undisputed number one, retailing a little over 42,000 electric scooters and holding onto the pole position it has built through FY26. The company also recorded healthy month‑on‑month growth over April, supported by strong demand for the iQube range and expanding availability across metro and smaller cities alike.

On a year‑on‑year basis, TVS’ EV volumes have surged by well over 50 percent, reflecting how quickly the brand has scaled up from a relatively conservative start in the segment. For buyers, that leadership translates into better confidence in service, parts, and residual values, factors that have traditionally held back EV adoption in many non-metro markets.

Rank 2: Bajaj Auto

Hot on TVS’ heels, Bajaj Auto secured the second spot with close to 39,000 Chetak registrations in May, narrowing the gap to the leader compared with earlier in the year. The brand delivered a robust double-digit month-on-month jump from April, underlining how aggressively it is ramping up capacity and network presence for the Chetak lineup.

Year‑on‑year, Bajaj’s EV numbers have expanded by well over 70 percent, making it one of the fastest‑growing legacy players in the space. With product updates, wider availability, and a strong brand recall in the scooter segment, Bajaj is increasingly positioning Chetak as a premium yet practical alternative to both petrol rivals and newer EV-only brands.

Rank 3: Ather Energy

Ather Energy retained the third position on the May leaderboard with just over 28,000 units, even as its volumes were broadly flat compared with April. That slight consolidation comes after a period of rapid expansion, and likely reflects the company recalibrating supply and pricing in a marketplace where aggressive discounting has become more common.

Crucially, Ather still posted strong year‑on‑year growth, almost doubling its May 2025 base, helped by the broader 450 series and the newer family‑oriented Rizta. The brand continues to lean on its software-rich riding experience, fast-charging ecosystem, and connected features to differentiate itself from value-focused mainstream rivals.

Rank 4: Hero MotoCorp’s Vida

Hero MotoCorp’s dedicated EV sub-brand, Vida, delivered one of the most impressive growth stories in May, securing fourth place with around 19,000 registrations. The brand not only grew smartly over April but also posted a staggering triple‑digit rise over the same month last year, off a much smaller 2025 base.

Hero is rapidly leveraging its vast dealer network to push Vida into smaller towns, addressing range anxiety and service concerns that often deter first‑time EV buyers. The May numbers suggest that strategy is paying off, with the V1 platform now emerging as a serious volume driver rather than a limited urban-center experiment.

Rank 5: Ola Electric

​Ola Electric rounded off the top five with roughly 15,000 units, a strong month‑on‑month rebound from April that indicates its recent promotions and new variants are drawing buyers back. However, on a year‑on‑year basis, Ola’s volumes remain below last year’s highs, reflecting the correction the brand has undergone after its earlier hyper‑growth phase.

Even so, Ola continues to be a major force in the urban EV scooter space, with its direct-to-consumer model, feature-packed S1 range, and over-the-air software updates. The May performance shows that while legacy manufacturers have stolen the spotlight for now, the Bengaluru‑based start‑up still commands considerable mindshare among early adopters and digitally savvy buyers.

Rank 6: Ampere Vehicles

At sixth place, Ampere Vehicles (Greaves Electric Mobility) delivered close to 7,700 units in May, growing both sequentially and on a year‑on‑year basis. Unlike some aggressive city‑centric players, Ampere has carved a niche in cost‑conscious commuter territories, where practicality and low running costs often matter more than top‑end performance or flashy tech.

Its consistent presence in the mid-table reflects a steady, sustainable strategy built around tried-and-tested products and a focus on uptime for everyday riders. As financing options improve for entry‑level EV buyers, Ampere’s portfolio is well placed to benefit from the steady electrification of India’s workhorse commuter segment.

Ranks 7: River Mobility

​Seventh‑ranked River Mobility continued to make quiet but meaningful progress, clocking just over 3,700 units in May and edging ahead of its April performance. With a design‑led approach and a focus on premium, lifestyle‑oriented scooters, River is still in the brand‑building stage, but its steady numbers hint at a loyal early adopter base forming around its products.

Rank 8: BGauss Mobility

BGauss Auto followed in eighth position with around 3,300 units, reflecting stable demand for its city‑friendly scooters.

Rank 9: Bounce Electric

Bounce Electric, in ninth, registered roughly 1,300 units and showed one of the highest year‑on‑year percentage jumps on a small base, helped by attractive pricing and subscription‑style ownership experiments.

Rank 10: Simple Energy

Simple Energy rounded off the top ten with close to 1,300 registrations, gradually scaling up operations after an extended development phase.