TVS Leads as Ola Records Steep Decline in November 2025 Electric Two-Wheeler Sales

According to Vahan data, TVS Motor Company led the electric two-wheeler segment in November 2025 with 30,309 registrations, reflecting a Year-on-Year (Y-o-Y) growth of 11 percent compared to November 2024. Bajaj Auto followed with 25,526 units reflecting a Y-o-Y decline of 3 percent when compared to 26,419 units sold in November 2024.

Ather Energy registered 20,323 units in November 2025 reflecting a Y-o-Y increase of 57 percent when compared to 12,963 units registered in November 2024. Hero MotoCorp’s electric division (VIDA) saw 12,199 registrations showing a Y-o-Y increase of 66 percent when compared to 7,352 units registered in November 2024. Ola Electric recorded the steepest decline among major players. Its registrations dropped to 4,800 units in November 2025 reflecting a significant Y-o-Y decline of 71 percent when compared to 29,322 units registered in November 2024.

Greaves Electric Mobility posted 5,763 units in November 2025, a 29 percent year-on-year growth compared to 4,4471 units registered in November 2024. Bgauss Auto recorded 2,566 units showing Y-o-Y growth of 36 percent when compared to 1,881 units registered in November 2024. River Mobility saw one of the sharpest increases, its registration for November 2025 stood 1,797 units reflecting a Y-o-Y increase of 649 percent when compared to 240 units registered in November 2024. Kinetic Energy registered 1,340 units, up 22 percent, while Pure Energy recorded 1,071 units, a 148 percent increase year-on-year. Odysse Electric Vehicles sold 1,036 Units in November 2025 reflecting s Y-o-Y increase of 292% when compared to 264 units recorded in November 2024.

For the year-to-date period (January to November 2025), TVS Motor Company reported cumulative sales of 2,72,874 units. Bajaj Auto followed with 2,50,366 units, while Ather Energy reached 1,83,163 units. Hero MotoCorp recorded 97,965 units during this period.

Ola Electric’s cumulative tally stood at 1,90,088 units, despite its significant drop in November. Other manufacturers such as Greaves Electric (51,694 units), Bgauss Auto (20,683 units), River Mobility (13,411 units), Kinetic Energy (19,496 units) and Pur Energy (17,171 units) contributed to the broader sector performance.