India's Electric Two-Wheeler Market Slumps in April Amid Shift in Market Dynamics India's electric two-wheeler (e2W) market experienced a notable decline in April 2026, with registrations dropping 22% compared to March, according to data from the government-backed platform Vahan. The total number of units registered in April fell to 1.48 lakh (148,000) from 1.92 lakh (192,000) in March, marking a sharp correction after a strong month of sales. This decline followed a robust fiscal year 2026 (FY26) growth period, during which the e2W market expanded by approximately 22% year-on-year, driven by legacy automakers and aggressive sales strategies. Market leaders TVS Motor and Bajaj Auto maintained their positions in the top two spots but faced significant challenges. TVS Motor, which registered 37,661 units in April, saw a 24% month-on-month drop in sales, pushing its market share down to 25.33% from its previous level. Bajaj Auto, meanwhile, reported an even steeper decline, with registrations falling nearly 29% to 32,883 units. This marked a sharp reversal from March's performance, which had been bolstered by promotional tactics such as discounts, cashbacks, and financial schemes. Ola Electric emerged as a standout performer in the sector, despite the overall market slowdown. The company's sales surged by over 20% in April, reaching 12,166 units, which translated to an improved market share of 8.18% compared to 5.4% in March. This growth positioned Ola as a key player in the evolving landscape of the e2W market, particularly as legacy automakers faced headwinds. The April slowdown also affected other major players. Hero MotoCorp, which had been a consistent fourth-place finisher, saw its sales drop by 29% to 15,230 units. Greaves Electric Mobility, another key competitor, reported a 13.#india #tvs_motor #ola_electric #bajaj_auto #vahan
TVS Motor Launches Affordable Electric Scooter with Battery-as-a-Service Plan TVS Motor Company has introduced the TVS Orbiter V1, a budget-friendly electric scooter designed to make sustainable commuting accessible. Priced at Rs 49,999, the model features a 1.8 kWh battery and a unique Battery-as-a-Service (BaaS) plan, allowing customers to separate the cost of the scooter from the battery. This approach aims to reduce upfront expenses and provide greater flexibility in ownership. The Orbiter V1 is tailored for urban environments, offering a certified Indian Driving Cycle (IDC) range of 86 km. It supports 0–80% battery charging in approximately 2 hours and 20 minutes, ensuring quick recharging for daily use. The scooter is equipped with a range of advanced features, including a connected mobile app for remote control and monitoring, a front LED headlamp with visor, and a coloured LCD cluster that displays incoming calls. Safety and convenience are emphasized through rider aids such as Hill Hold Assist, Cruise Control, and Parking Assist. The scooter also includes dual ride modes—Eco and Power—with regenerative braking to optimize energy efficiency. Over-the-Air (OTA) updates ensure the vehicle remains up-to-date with the latest software enhancements. Design elements focus on practicality and comfort, featuring an 845 mm long flat-form seat, a 290 mm straight-line footboard, an upright handlebar, and 34-litre under-seat storage. These details cater to both comfort and functionality, making the Orbiter V1 suitable for daily commuting. Gaurav Gupta, President of India 2W Business at TVS Motor, highlighted the scooter’s role as an accessible entry point into the company’s electric scooter lineup. He noted that the BaaS model represents a shift in EV ownership, offering transparency and flexibility to customers.#india #gaurav_gupta #tvs_motor #tvss_orbiter_v1 #battery_as_a_service
