India registered about 2.24 lakh electric two-wheelers in October 2026, a rise of about 7.3% from September, according to registration data from the government’s VAHAN portal released on 1 November 2026. TVS Motor stayed first with a 27% share, followed by Bajaj Auto at 21.92%, Ather Energy at 14.2%, Hero MotoCorp’s Vida brand at about 13.4% and Ola Electric at 5.4%.
October 2026 registrations
Total e-2W registrations were about 2,23,850 in October, compared with about 2.09 lakh in September. Registrations are counted when a vehicle is registered with a transport office, so they follow customer deliveries rather than the units that companies dispatch to dealers. The two measures can differ in any month.
The five largest makers together accounted for about 81.9% of registrations. The market remains concentrated, with the top three alone holding about 63%.
TVS Motor and Bajaj Auto together held about 48.9% of the market, close to half of all electric two-wheelers registered during the month. Adding Ather Energy brings the three leading makers to about 63%, while Hero MotoCorp and Ola Electric, the fourth and fifth largest, together account for a further 18.8%. The smaller makers outside the top five share the remaining 18% or so of registrations.
Maker-wise performance
TVS Motor registered about 60,400 electric two-wheelers, a share of 27% and a rise of 11.08% over September. It kept its lead over Bajaj Auto by a wider margin than a month earlier.
Bajaj Auto was second with about 49,100 registrations and a 21.92% share. Its volume rose only 0.67% on the month, so most of the extra volume went to other makers. The gap between TVS and Bajaj is now about 11,300 units.
Ather Energy was third with about 31,800 registrations, a share of 14.2% and growth of 2.75% on September.
Hero MotoCorp, selling under the Vida brand, was fourth with about 29,900 registrations and a share of about 13.4%. It recorded the fastest growth among the top five, with registrations up about 22% on the month. Ather’s lead over Hero narrowed to about 1,900 units.
Ola Electric was fifth with 12,096 registrations and a share of 5.4%. It was the only one of the top five to post a monthly decline, with registrations down 10.12% from September.
Greaves Electric Mobility was sixth with 10,838 registrations, up 16.3% on the month. The gap between Ola and Greaves is down to 1,258 units, which puts the fifth position in play in the coming months.
Festive timing
Diwali falls on 8 November in 2026, compared with 20 October in 2025. Festive buying can move between months when the festival date shifts, so the figures for October and November this year may not be directly comparable with last year’s. The VAHAN numbers alone do not show how much of October’s growth is due to festival demand.
What it means for India’s clean-energy sector
Monthly registration data is a regular public indicator of how quickly buyers are moving to electric two-wheelers. October’s numbers show steady growth over September and a market where four established makers hold most of the volume.
The month also shows how positions are changing. Hero’s Vida brand grew faster than any other leading maker, while Ola Electric lost share and Greaves moved closer to it. For power utilities and charging operators, the growing number of two-wheelers on the road adds to demand for home and public charging, which in turn affects distribution networks.
These are registration figures from VAHAN and not company dispatches or retail sales reported by the makers, so they will not match the monthly numbers that companies publish. Unit counts above are rounded because published tallies differ by a few units depending on when the data was drawn from the portal.
Official references
1. Ministry of Road Transport and Highways, VAHAN dashboard (vehicle registration data): https://vahan.parivahan.gov.in/vahan4dashboard/
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