TVS to Ola: Who Dominated India’s Electric Two-Wheeler Market in September 2026?
India’s electric two-wheeler market remained competitive in September 2026, with several leading manufacturers reporting strong registrations. The latest Vahan data highlights a clear gap between the top players, with TVS leading the market ahead of Bajaj and Ather.
The rankings also show the changing competitive landscape, with established automakers competing closely with EV-focused players such as Ola Electric, Greaves Electric, River Mobility, and BGauss. Here is a look at the top 10 electric two-wheeler manufacturers by registrations in September 2026.
TVS Motor Company Ltd
TVS Motor Company is an Indian firm that produces two-wheelers and three-wheelers in the international market. TVS Motor Company is innovative and sustainable, producing products such as motorcycles, scooters, and electric vehicles. One such product is TVS iQube, which has helped the company gain a foothold in India’s electric two-wheelers market.
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TVS Motor led India’s electric two-wheeler market in September 2026 with 53,989 units sold. The company recorded a 26.06% EV market share, making it the largest player during the month. Its strong registrations helped TVS maintain the top position, ahead of Bajaj Auto, which ranked second in the market.
Bajaj Auto Ltd
Bajaj Auto is one of the top two-wheeler and three-wheeler manufacturers in India. It has a presence in the Indian and global markets. It produces motorcycles, commercial vehicles, and electric scooters that are part of its Chetak range. The EV division of the company is powered by its technology and manufacturing prowess.
Bajaj Auto ranked second in India’s electric two-wheeler market in September 2026 with 48,383 units. The company held a 23.36% EV market share during the month. Bajaj remained close behind TVS, with a relatively small gap in registrations, highlighting the strong competition between the two leading electric two-wheeler manufacturers.
Ather Energy Ltd
Ather Energy is an Indian producer of electric two-wheelers that was formed in 2013. It produces electric scooters such as the high-performance Ather 450 series, Rizta and the latest Ather Konarc. Ather Energy owns and operates Ather Grid, which is its fast-charging network, and it is also heavily focused on technology.
Ather Energy ranked third in India’s electric two-wheeler market in September 2026 with 30,479 units. The company recorded a 14.71% EV market share during the month. Ather remained well ahead of the fourth-ranked player, Hero MotoCorp, and continued to hold a strong position among India’s leading electric two-wheeler manufacturers.
Hero MotoCorp Ltd
Hero MotoCorp is one of the largest two-wheeler manufacturers in the world, producing motorcycles and scooters for various international markets. Hero MotoCorp has also expanded into the area of electric mobility solutions through its brand VIDA, which produces electric scooters and associated mobility solutions.
Hero MotoCorp ranked fourth in India’s electric two-wheeler market in September 2026, with 24,306 units registered. The company held an 11.73% EV market share during the month. Hero remained one of the leading players in the segment, supported by the growing presence of its Vida electric two-wheeler range.
Ola Electric Mobility Ltd
Ola Electric is an Indian electric vehicle manufacturer which is engaged in creating electric vehicles and technologies for these vehicles. This firm operates in the spheres of EV design, engineering, manufacturing, and batteries. Ola Electric is trying to create an electric mobility ecosystem. Manufacturing facilities of this firm are situated in the state of Tamil Nadu, India.
Ola Electric ranked fifth in India’s electric two-wheeler market in September 2026 with 13,449 units. The company recorded a 6.49% EV market share during the month. While Ola remained among the top five players, its market share was considerably lower than the leading companies.
Greaves Electric Mobility
Greaves Electric Mobility is committed to designing affordable and sustainable electric mobility for India. Its range of EVs consists of electric scooters by Ampere. The vehicles are built for day-to-day use in the urban environment. Greaves Electric Mobility creates the eco-system around the vehicle, dealers, service, spare parts, and financing.
Greaves Electric recorded 9,316 electric two-wheeler registrations in September 2026, giving the company a 4.50% EV market share. It ranked sixth among the leading players during the month. The company remained ahead of several smaller electric two-wheeler manufacturers, strengthening its position in India’s growing electric mobility market.
River Mobility
River Mobility is an Indian company that specializes in the production of electric vehicles. River Mobility’s products have been designed to reflect their functionality and utility, with special attention paid to design and functionality. The electric scooters produced by River Mobility are aimed at customers looking for alternatives to petrol-powered two-wheelers.
River Mobility registered 5,549 electric two-wheelers in September 2026 and held a 2.68% EV market share. The company ranked seventh in the segment during the month. Although its volumes were significantly lower than the leading players, River Mobility remained among the top electric two-wheeler manufacturers in India during September.
BGauss
BGauss is an Indian brand specializing in manufacturing electric two-wheelers. The company produces electric scooters that are designed for use by commuters living in urban areas. BGauss has a portfolio of different types of electric vehicles whose designs are centered around usability, technology, and affordability.
BGauss recorded 5,023 electric two-wheeler registrations in September 2026, giving it a 2.42% EV market share. The company ranked eighth in the market during the month. Its registrations placed BGauss ahead of Bounce Infinity and E-Sprinto, keeping it among the top 10 electric two-wheeler players in India.
Bounce Infinity
Bounce Infinity is a two-wheeled electric vehicle manufacturer based in India that specializes in electric vehicles that are both cheap and easily accessible. It manufactures electric scooters for urban transport and has even tried creative business models. Their electric vehicles serve the purpose of lowering operational costs while providing mobility solutions to Indians.
Bounce Infinity registered 3,069 electric two-wheelers in September 2026 and recorded a 1.48% EV market share. The company ranked ninth among the leading electric two-wheeler manufacturers. Its registrations were lower than those of BGauss and River Mobility, but it remained within the top 10 players during the month.
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e-Sprinto
e-Sprinto is an Indian electric two-wheeler company that manufactures electric scooters with the intention of making them affordable for cities and last-mile commuting. The firm has manufactured products in the B2B category but is currently expanding into the B2C category.
E-Sprinto recorded 1,997 electric two-wheeler registrations in September 2026, giving the company a 0.96% EV market share. It ranked tenth among the leading players during the month. E-Sprinto remained among the smaller manufacturers in the segment, with registrations significantly below the market leaders.