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Ola Electric regains top spot in April 2025 electric two-wheeler (E2W) sales with 11,330 units sold, capturing 23% market share. TVS and Bajaj follow, while Ather Energy gains traction. Hero MotoCorp retains fifth position in India’s growing EV market.
Ola Electric reclaimed the top spot in electric two-wheeler (E2W) sales in April, after slipping behind Bajaj Auto and TVS Motor in March. The Bengaluru-based EV maker sold 11,330 units, accounting for 23% of total electric two-wheelers sold so far this month.
However, Ola’s volumes are not strictly comparable with other original equipment manufacturers (OEMs) as the registration numbers may include backlogs from February and March. The company has been under scrutiny from the Ministry of Heavy Industries over discrepancies between its sales reported in February and the registrations recorded on the government’s Vahan portal. While Ola had claimed sales of 25,000 units with a 28% market share in February, Vahan data showed only 8,653 registered units.
Ola attributed the gap to a disruption in vehicle registration processes due to renegotiations with its former registration partners—Rosmerta Digital Services and Shimnit India. The issue, the company said, led to a backlog of over 16,000 vehicles, which is expected to be cleared by April.
“We have nearly cleared the February backlog and expect to complete the remaining February–March registrations in April 2025. To support this, we’re scaling up our registration operations and actively coordinating with all external stakeholders,” the company said in a regulatory filing earlier this month.
Ola later clarified that its February sales figures reflect genuine customer demand backed by financial commitment, and not “token-amount bookings.” The clarification followed a Bloomberg report that suggested Ola had counted bookings for yet-to-be-launched models in its February sales figures, potentially overstating its market share at a time when it is working to regain investor confidence.
Bajaj Auto, which topped the E2W sales chart in March, slipped to third place in April. The Pune-based firm sold 9,436 units, securing a 19% market share. This is a sharp decline from March, when it sold 35,130 units with a 27% share.
Meanwhile, TVS Motor held on to the second spot, registering 10,335 units and capturing a 21% market share in April. In March, the company had sold 30,614 units of its iQube electric scooter, with a 23% market share.
IPO-bound Ather Energy saw its market share rise to 16% in April, up from 12% in March. The company sold 7,765 units of its flagship Ather 450 and newly launched family scooter Rizta during the month.
Hero MotoCorp, which sells the Vida range of electric scooters, retained its position as the fifth-largest E2W player. The company registered 2,865 units, claiming a 6% share in April.
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This article was first uploaded on April nineteen, twenty twenty-five, at fifty-two minutes past five in the morning.
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