The Indian electric two-wheeler market continues to show strong momentum in May 2026, with legacy players strengthening their dominance. Here are the top 5 performers for the first 15 days of the month:
Mid-May 2026 Sales Leaderboard
| Rank | Company | Units Sold | Market Share |
|---|---|---|---|
| 1 | TVS Motor | 16,873 | ~25% |
| 2 | Bajaj Chetak | 15,140 | ~23% |
| 3 | Ather Energy | 11,636 | ~17% |
| 4 | Hero Vida | 7,287 | ~11% |
| 5 | Ola Electric | 5,595 | ~8% |
TVS Motor continues to hold the top position, though its mid-month volume has moderated slightly compared to previous periods. Bajaj Chetak remains hot on its heels, narrowing the gap significantly and showcasing the growing strength of established two-wheeler giants in the EV space.
Key Takeaways
- TVS & Bajaj together command nearly 48% of the mid-May market, highlighting the shift towards brands with strong service networks and customer trust.
- Ather Energy maintains a solid third position, continuing to lead in the premium segment.
- Hero Vida and Ola Electric are battling in the mid-to-lower tier, with both brands needing stronger momentum in the second half of the month.
The first half of May reflects a competitive and maturing market. Rising fuel prices are expected to give EV sales a further boost in the remaining days of the month.
