Indian Electric 2-Wheeler OEMs Open FY2027 with Record Sales Surge The Indian electric two-wheeler (e-2W) market kicked off FY2027 with a strong performance, as the top four OEMs—TVS Motor Co, Bajaj Auto, Ather Energy, and Hero Vida—registered robust growth, collectively capturing 76% of April 2026’s retail sales. Total e-2W deliveries in April reached 148,677 units, marking a 61% year-over-year (YoY) increase compared to April 2025 (92,536 units). This figure ranks as the second-highest monthly sales in the current fiscal year, trailing only March 2026’s 192,343 units. Market leader TVS Motor Co led the charge, selling 37,661 units in April 2026, a 96% YoY jump from 19,176 units in the same period last year. This performance secured TVS a 25% market share for the month, its second-highest monthly tally. The company’s strategic shift to Battery-As-A-Service (BaaS) has played a key role in driving demand, reducing upfront costs and offering long-term battery assurance. The iQube model remained the top seller, while the Orbiter V1, launched in February 2026 at Rs 84,500 (ex-showroom Delhi) and Rs 49,999 (with BaaS), saw growing traction. Bajaj Auto followed closely, delivering 32,883 Chetak e-scooters in April 2026, a 72% YoY rise from 19,162 units in April 2025. This performance gave the Pune-based company a 22% market share, its third-highest monthly score after March 2026 (46,544 units) and March 2025 (35,215 units). Ather Energy, the third-ranked OEM, sold 27,024 units in April 2026, a 103% YoY increase from 13,332 units in April 2025. This marked the company’s second-highest monthly total and its sixth instance of exceeding 20,000 units sold in a single month. The EV start-up, which surpassed 600,000 cumulative retail sales recently, is now eyeing the No. 2 position in the market.#ola_electric #bajaj_auto #ather_energy #tvsmotor_co #hero_vida
