Electric two-wheeler sales in India crossed a record 2.23 lakh units in October 2026, up 48% year-on-year and 7% higher than September, according to Autocar India. TVS led the month with 60,429 units, a record for the brand.
The October tally takes January–October 2026 e-two-wheeler sales to 17.9 lakh units, up 61% year-to-date. For comparison, the same report puts full-year 2025 sales at 13.4 lakh units, so the first ten months of 2026 have already exceeded the whole of last year.
Which brands led electric two-wheeler sales in October 2026?
TVS took the top spot with 60,429 units and a 27% market share. Autocar India says sales rose 94% year-on-year, share gained 6 percentage points, and TVS became the first brand to pass 60,000 e-scooters in a single month.
Bajaj, with its Chetak range, followed with 49,067 units and a 22% share. Sales were up 51% year-on-year and the share rose by 1 percentage point; the report calls it a record month for a single product. Ather Energy sold 31,796 units for a 14% share, down from 20% in October 2025, with sales up 5% and the report pointing to capacity constraints.
Ola Electric recorded 12,096 units, down 26% year-on-year, and its share fell by 6 percentage points. It was the only brand among the top ten to decline. Greaves Electric Mobility’s Ampere brand sold 10,838 units (up 40%), River sold 6,796 units (up 273%, a 3% share), BGauss sold 5,554 units and E-Sprinto sold 2,124 units (up 109%, a 1% share). Autocar India lists several of these as record months for the respective brands.
What does the record mean for India’s automotive industry?
Autocar India reports that electric two-wheelers account for a 63% share of the 3.54 lakh electric vehicles sold in India in the month.
It also shows market leadership shifting. TVS and Bajaj together held 49% of October sales on the report’s share figures (a calculation from the 27% and 22% shares), while Ather and Ola Electric lost share.
Market Reaction and Industry Response
The source report does not carry comments from industry bodies or any stock-market reaction to the October figures. The numbers themselves point to supply-side differences: Ather’s growth was limited by capacity, while TVS and Bajaj posted record volumes.
What Happens Next?
November and December volumes will show whether the October record holds beyond the festive period. The report does not give company guidance for the coming months, so no forecast is attributed to any manufacturer here.
Frequently Asked Questions
How many electric two-wheelers were sold in India in October 2026?
About 2.23 lakh units, a record, up 48% year-on-year and 7% month-on-month, according to Autocar India.
Which brand sold the most electric two-wheelers in October 2026?
TVS sold 60,429 units, a 27% market share, followed by Bajaj (Chetak) with 49,067 units and Ather with 31,796 units.
Which brand declined in October 2026?
Ola Electric sold 12,096 units, down 26% year-on-year, and was the only top-ten brand to record a decline.
Source: Autocar India, 1 November 2026.
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