Two-Wheelers Make Up Half of India’s EV & Hybrid Vehicles Market as Sales Reshape Market Leadership

TL;DR Electric two-wheelers now drive India’s EV transition, accounting for nearly half of all electric and hybrid vehicle registrations. Ola and Ather dominate the market, while earlier leaders like Okinawa and Ampere declined sharply after FAME-II subsidy cuts and safety issues.

Context
India’s electric vehicle market is undergoing a rapid transformation, driven by rising fuel costs, supportive government policies, and growing consumer awareness of sustainable mobility. The shift is most visible in the two-wheeler segment, where established automakers and new-age startups are competing to capture the evolving market. As charging networks expand and technology becomes more affordable, electric two-wheelers are emerging as a viable alternative to conventional petrol vehicles, marking a crucial step toward the country’s broader clean mobility goals. In this backdrop, we look at the trends in EV sales, especially in the two-wheeler segment, in this article.

Who compiles this data?
The data on electric vehicle sales in India is compiled from the VAHAN portal of the Ministry of Road Transport and Highways (MoRTH). The portal captures comprehensive information directly from Regional Transport Offices (RTOs) across the country, where all motor vehicles are registered. Each registration record includes details such as the vehicle type, manufacturer, fuel type, and state of registration, among other attributes.

Where can I download clean & structured data about electric two-wheelers?
Clean, structured, and ready-to-use datasets on Year, Month, Vehicle Category and Fuel Type-wise Total Number of Electric & Hybrid Vehicles Registered for each state and all-India level, can be downloaded from Dataful. Dataful also has a dataset on State-wise Vehicle Maker and Vehicle Type-wise Total number of Vehicles Registered in India in Each Year.

Key Insights

The number of Electric and Hybrid vehicle registrations has grown from just over 2,400 in 2014 to over 2.3 million in 2024 and 1.8 million as of September 2025. The steep rise began around 2020 to 2021, coinciding with incentives under FAME-II and increased manufacturer participation.
Two-wheelers now make up nearly half of all electric and hybrid registrations, climbing from below 1,700 in 2014 to almost 9 lakhs in 2025, led by companies like Ola, Ather, TVS, Hero, and Bajaj.
Three-wheelers, once dominant with over 60% share during 2015-2019, have stabilised around 30%, indicating maturity in the e-rickshaw market.
Light motor vehicles such as cars have held a steady 18-20% share over the last 4 years.

Ola Electric dominates India’s electric two-wheeler market, with registrations peaking at over 3.4 lakh units in 2024–25, far surpassing all competitors. However, their market share has reduced significantly, and only 1.25 lakh vehicles have been sold as of November 2025 in the year 2025-26 compared to 3.44 lakhs in 2024-25.
Ather Energy remains a strong second, showing steady year-on-year growth from just 3,000 units in 2019–20 to over 1.3 lakh in 2024–25.
Earlier leaders like Okinawa and Ampere have seen steep declines after 2022. This can be attributed to the withdrawal of subsidies under FAME-II for not meeting localisation norms. Further, battery fire incidents and other quality issues may have also resulted in a drop in consumer confidence.

Why Does It Matter?
Insights on electric two-wheeler sales are significant because this segment is central to India’s clean mobility transition. According to the government’s targets, electric vehicles are expected to make up about 30% of total sales by 2030, and two-wheelers will drive much of that shift due to their affordability and scale. As the most common mode of personal transport, their adoption directly influences reductions in fuel use and emissions. Tracking maker-wise registrations also helps assess how policy measures like FAME-II subsidies and localisation requirements are shaping the market’s real progress toward these national goals.

Key numbers