Registration of electric two-wheelers (both Pure EV and BOV) in October rose by 31 per cent to 1,35,554 units as against 1,03,762 units in October, according to Vahan data collated on October 31, at 8.15 pm.

Year-on-Year, Ola Electric saw the sharpest decline to 15,481 units in October 2025, as against 41,843 a year back. TVS Motor saw a marginal drop. On the contrary, Bajaj, Ather, Hero Motocorp and Greaves saw an increase, says the data.

All the top OEMs showed strong growth in October 2025 and industry trackers attributed the uptick mainly to the strong festive season.

Bajaj topped the list, accounting for 29,562 units in October, as against 19,687 units in September, a 50 per cent MoM growth. TVS Motor followed with 28,006 units (22,659 units) - 24 per cent growth - and Ather saw a 46 per cent growth to 26,713 units (18,268). Hero Honda’s registrations were up 17 per cent to 15,052 units (12,817 units), while Ola Electric saw a 15 per cent increase to 15,481 units (13,420).

Greaves Electric reported the highest growth with a 65 per cent increase to 6,976 units (4,234 units), the data says.

In terms of market share Bajaj and Ather Greaves Electric saw an increase in October versus September, while TVS Motor, Hero Motocorp and Ola Electric saw a decline.

Bajaj topped with a 22 per cent share in October, as against 19 per cent in September. TVS Motor’s market share dropped to 21 per cent from 21.84 per cent in September, says the data.

Published on October 31, 2025