EV 2-Wheeler Retail Sales October 2026: TVS Crosses 60000 Unit Mark

The electric two wheeler market saw notable shifts in retail volume during October. Based on the latest Vahan retail data, established automakers continue to consolidate their positions while select startups face significant volume contractions. The official Vahan retail figures provide a transparent view into actual vehicle registrations across the country.

Here is the detailed breakdown of the top 20 electric two wheeler manufacturers by Vahan retail sales volume.

Electric Two Wheeler Vahan Retail Sales Data October 2026

Rank	Maker	October Sales	September Sales	MoM Growth
1	TVS MOTOR COMPANY LTD	60,433	54,404	+11.08%
2	BAJAJ AUTO LTD	49,068	48,742	+0.67%
3	ATHER ENERGY LTD	31,796	30,945	+2.75%
4	HERO MOTOCORP LTD	29,936	24,441	+22.48%
5	OLA ELECTRIC TECHNOLOGIES PVT LTD	12,096	13,458	-10.12%
6	GREAVES ELECTRIC MOBILITY LTD	10,838	9,319	+16.30%
7	RIVER MOBILITY PVT LTD	6,796	5,649	+20.30%
8	BGAUSS AUTO PRIVATE LIMITED	5,554	5,024	+10.55%
9	E SPRINTO GREEN ENERGY PVT LTD	2,124	1,997	+6.36%
10	MOTOVOLT MOBILITY PVT LTD	1,702	635	+168.03%
11	OBEN ELECTRIC VEHICLES PVT LTD	1,563	1,428	+9.45%
12	SIMPLEENERGY PVT LTD	1,505	1,376	+9.38%
13	REVOLT INTELLICORP PVT LTD	1,362	1,038	+31.21%
14	LECTRIX E VEHICLES PVT LTD	1,258	1,154	+9.01%
15	HONDA MOTORCYCLE AND SCOOTER INDIA (P) LTD	1,145	1,107	+3.43%
16	BOUNCE ELECTRIC 1 PVT LTD	1,075	3,069	-64.97%
17	KINETIC WATTS AND VOLTS LTD	812	572	+41.96%
18	KINETIC GREEN ENERGY & POWER SOLUTIONS LTD	713	399	+78.70%
19	SUZUKI MOTORCYCLE INDIA PVT LTD	556	658	-15.50%
20	ULTRAVIOLETTE AUTOMOTIVE PVT LTD	519	549	-5.46%

Legacy Automakers Widen the Gap

The top two positions are firmly held by legacy automakers TVS Motor Company and Bajaj Auto. TVS recorded an 11.08 percent increase in its Vahan retail numbers, crossing the 60000 unit mark to lead the segment with 60,433 registrations in October. Bajaj Auto maintained steady volume, retaining second place with 49,068 retail units. The most significant momentum at the top came from Hero MotoCorp, which recorded a 22.48 percent increase from 24,441 to 29,936 units. This rapid expansion puts Hero in a position to challenge Ather Energy for the third spot in upcoming months.   

Pure Electric Brands Face Volume Pressure

While legacy brands expanded their market share, several dedicated electric vehicle manufacturers struggled to maintain their footing. Ola Electric witnessed a 10.12 percent drop in Vahan retail sales, falling from 13,458 in September to 12,096 in October. Bounce Electric recorded the steepest decline on the board, dropping 64.97 percent from 3,069 to just 1,075 units. Ather Energy managed to weather the segment pressure better than its peers, posting a slight 2.75 percent gain to hold third place overall with 31,796 units.   

Mid Volume Climbers Show Stable Growth

The middle of the sales chart reveals healthy momentum for brands prioritizing steady distribution networks. Greaves Electric Mobility and River Mobility both posted strong double digit growth. River jumped 20.30 percent to 6,796 units, while Greaves secured 10,838 units. BGauss Auto also saw a solid 10.55 percent increase, pushing its registrations to 5,554 units for the month.   

Expansion in the Lower Volume Tiers

Motovolt Mobility recorded the highest relative growth of the entire sector, increasing 168.03 percent from 635 to 1,702 units. Both Kinetic divisions also recorded strong growth in their Vahan registrations, with Kinetic Green Energy rising 78.70 percent and Kinetic Watts jumping 41.96 percent. This indicates clear expansion opportunities remain available in the budget and utility focused segments.