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India EV two-wheeler registrations fall 13.4% in August; TVS retains lead
India electric two-wheeler retail registrations fell 13.4% month-on-month to 1.78 lakh in August but rose 62.4% year-on-year. TVS remained leader, while Bajaj’s EV registrations surged 227% year-on-year and EV penetration reached 10.6%.
Reported figures
From the report. Source details below
| Month-on-month change: | -13.4% from 2.06 lakh in July |
|---|---|
| Year-on-year change: | +62.4% from 1.10 lakh |
| EV penetration: | 10.6% vs 11.2% in July and 7.7% a year earlier |
| TVS Motor: | 48,150 registrations, -13.7% MoM |
| Bajaj Auto: | 40,060 registrations, -12.7% MoM; +227% YoY |
| Ather Energy: | 28,130 registrations, -8.2% MoM |
| Hero MotoCorp: | 18,010 registrations, -21.7% MoM |
| Ola Electric: | 13,570 registrations, -4.6% MoM |
| Bajaj EV share of combined two-wheeler registrations: | 26% |
| Overall two-wheeler market growth: | 17% YoY |