The Indian electric two-wheeler (e-2W) industry has achieved a significant milestone in calendar year 2025 (CY2025), crossing the 1.2 million units mark for the first time in the initial fortnight of December. This comes as the sector continues its steady growth trajectory, driven by increasing consumer adoption and expanding product offerings from major manufacturers.
Milestone Achievement and December Performance
In the first 15 days of December 2025, retail registrations reached 47,205 units, comprising electric scooters, motorcycles, and mopeds. While this figure is somewhat moderated compared to the robust sales in the preceding months, industry experts attribute the slowdown to potential buyers postponing purchases until the new year 2026, possibly in anticipation of fresh incentives or model updates.
Despite the tempered pace in the first half, optimism remains high for December to emerge as the strongest year-ending month on record. With 16 days remaining in the month, the industry needs to register approximately 28,745 more units to surpass the previous December benchmark of 75,950 units set in 2023. Given the typical surge in the latter part of the month, this target appears achievable.
Cumulative registrations from January 1 to December 15, 2025, stand at 1,229,356 units, reflecting a 7% year-on-year (YoY) growth. This positions the industry on track for a record-breaking annual total of around 1.25 million units by the end of CY2025.
TVS Motor Company Retains Leadership
TVS Motor Company has solidified its position at the top of the e-2W leaderboard, reclaiming the lead from Bajaj Auto in November and maintaining it into December. In the first fortnight, TVS registered 13,297 units—primarily driven by its popular iQube electric scooter lineup—with early deliveries of the newly introduced Orbiter model also contributing. This marks the only manufacturer to cross the 10,000-unit threshold in this period.
Close behind is Bajaj Auto with 9,524 units, followed by Ather Energy at 8,376 units. Hero MotoCorp, buoyed by strong demand for its Vida VX2, is poised for another month above 10,000 units, continuing a streak of six consecutive high-volume months.
The competitive landscape underscores the dominance of legacy OEMs like TVS and Bajaj, which have leveraged established networks, reliable products, and strategic expansions to gain market share amid evolving consumer preferences.
Outlook for the Sector
The Indian e-2W market’s performance in CY2025 highlights its resilience and potential for sustained growth. Factors such as improving charging infrastructure, cost reductions through localization, and a diverse range of models are fueling adoption. As the year draws to a close, the industry is not only celebrating a new annual record but also setting the stage for even stronger momentum in 2026.With government policies continuing to support electrification and manufacturers innovating rapidly, the electric two-wheeler segment remains a cornerstone of India’s transition to sustainable mobility.
