E2W Registrations Rebound 12% MoM In September; Ather, Ola Lose Market Share
Reversing a downward trend over the past two months, monthly electric two-wheeler (E2W) registrations bounced back in September. As per…
In September, monthly electric two-wheeler (E2W) registrations rebounded by 12.2% month-on-month, according to Vahan data. Total E2W sales for the month reached 2.07 lakh units, up from 1.84 lakh units in August. This marks a significant turnaround after a two-month downward trend. The top three traditional OEMs - TVS Motor, Bajaj and Hero MotoCorp - together accounted for 61% of September registrations, with growth for all three.
However, new-age players like Ola Electric, Ather and BGauss experienced mixed performance, with Ola seeing a decline of 3.5% and Ather growing by 4.9%. The rebound in E2W registrations could be attributed to the festive season and manufacturers expanding their EV portfolios and distribution networks. TVS Motor led the market with a 26% share, followed by Bajaj at 23.4%. Ather and Ola lost market share, with Ola's registrations dropping by 3.5% month-over-month.
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