India’s electric two-wheeler market saw a slight increase in May 2025, with total sales reaching 11,811 units, up from April 2025. Though the growth was not as strong as earlier expected, it shows that the market remains stable despite rising fuel prices, improved EV availability, and ongoing geopolitical tensions. One of the main reasons behind the slower growth is the current political unrest, which has affected consumer confidence and disrupted supply chains in many industries, including the electric vehicle sector.
Among the manufacturers, Ather Energy remained the top performer in May. The company sold 3,876 units, capturing a 32.82% market share. Its consistent focus on product quality, customer service, and timely delivery helped it retain the top position even as the market slightly cooled. Ather Energy also launched its Initial Public Offering (IPO), which drew interest from investors. The market experts believe that the IPO could boost Ather’s visibility and brand trust, which may help attract more customers in the future.
PUR Energy ranked second, selling 1,270 units with a 10.75% share, followed closely by TVS Motor, which sold 1,243 units and held 10.52% of the market. Ola Electric reported sales of 1,196 units, gaining a 10.13% share. Together, these four companies sold 7,585 units, making up 64.22% of the total electric two-wheeler market in May.
Other players also contributed to the overall sales. E-SPRINTO Green Energy sold 1,149 units, while Greaves Electric Mobility sold 689 units as part of its efforts to provide affordable EVs. Companies like Simple Energy, Okinawa Autotech, and BGauss Auto continued to supply smaller but steady numbers, helping the EV movement grow across different parts of the country. Smaller brands like OKAYA EV and KLB Komaki are trying to grow their market presence by introducing new models at competitive prices with better features. Their customer-first approach is building trust and offering more choices to buyers.
Meanwhile, international developments are adding pressure to the industry. The recent tariffs announced by the United States on certain Indian imports may raise the cost of EV components, especially electronics and battery materials. While much of India’s electric two-wheeler production is now localized, higher input costs could still lead to price increases or financial pressure on manufacturers.
Despite these challenges, the outlook remains positive. The Indian government has introduced several policy pushes to support EV adoption, including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, state subsidies, lower GST rates, and support for local battery production. These steps are helping increase consumer interest and industry investment in electric vehicles. Even with short-term hurdles, the electric two-wheeler market in India is showing resilience and is expected to grow further as the country continues its shift towards cleaner and more sustainable mobility solutions.
