Electric two-wheeler (E2W) registrations continued to see tepid growth in June, with total sales rising 5% to 1.81 Lakh units from 1.72 Lakh units registered in May, according to Vahan data.

Most OEMs reported a moderate MoM increase in registrations, while a few, including Ola Electric, saw a decline.

On a yearly basis, registrations jumped nearly 71% from 1.06 Lakh units.

The EV industry saw renewed interest amid the West Asia conflict in March, driving monthly registrations to an all-time high of 1.92 Lakh units. As petrol and diesel prices surged amid fears of supply disruptions, consumers increasingly turned to E2Ws as a reliable mode of transport.

With the fighting ending, at least temporarily, and normal operations resuming through the Strait of Hormuz after months of disruption, the momentum in E2W sales has also waned.

Ola Electric’s total registrations fell nearly 1% in June to 15,096 units from 15,218 units in May. The Bhavish Aggarwal-led OEM had been seeing a steady increase in its registrations since March, on the back of its efforts to gain back the market share it lost in 2025. However, its E2W market share declined to 8.3% this month from 8.9% in May.

Nevertheless, S&P Global Market Intelligence recently said that Ola Electric’s volumes are expected to rise 7% in the ongoing fiscal year on the back of recent efforts to address execution challenges, stabilise after-sales service, and streamline costs.

The company also received a BIS certification last week for its indigenously developed LFP 46100 cylindrical cell, making it the first in the county to do so.

Its rival Ather Energy’s registrations rose 3.2% to 29,422 units in June from 28,503 units in the previous month. Its market share at the end of June stood at 16.2%, down 30 basis points MoM. The OEM has now sold over 7 lakh units since starting operations in 2018, with Rizta accounting for nearly 75% of its monthly sales.

Ather is now embarking on a national expansion spree after reporting a breakthrough year in FY26. Earlier this month,its board approved raising ₹2,500 Cr for R&D, expanding marketing initiatives, and repaying or prepaying certain borrowings.

Ola Electric and Ather continue to be challenged by legacy automakers TVS Motor and Bajaj Auto. The latter two have taken the top two spots in the E2W market for most of the past year.

In June, market leader TVS’ registrations grew 3.5% to 44,467 units from 42,953 units in May. The OEM has captured almost a quarter of the electric two-wheeler market, even as its market share fell 40 basis points to 24.5% in June.

Earlier this month, TVS achieved the 10 Lakh units manufacturing mark for its flagship iQube electric scooter, a feat achieved within six years of first rolling out the variant.

Meanwhile, Bajaj Auto inched closer to TVS in terms of monthly units sold, with its registrations breaching the 40,000 units mark in June. It recorded 40,576 registrations this month, up 2.7% from 39,503 units in May. The company’s market share also fell 50 basis points to 22.4%.

Recently, the company said it has sold 8 Lakh units of its Chetak escooter. Bajaj is now looking to expand the Chetak portfolio, especially to capture international markets. In its Q4 earnings call, the company’s management outlined plans to expand manufacturing capacity for the escooters, admitting that production has continued to lag behind demand, which stands at 50,000 units per month.

Hero MotoCorp saw its registrations increase 5.1% to 20,198 units in June from 19,209 units in the previous month. Its market share stood at 11.2%.

The company is now looking to expand its electric motorcycle portfolio, with its CEO Harshavardhan Chitale recently highlighting that electric motorbike adoption has been lagging far behind that of escooters due to the lack of technology required for mass market production, which includes longer ranges and load bearing capacities. It showcased its Vida VXZ electric motorcycle last year, however, production timelines remain unclear.

Recently, the OEM also patented a self-balancing three-wheeler electric scooter called Hero Vida NEX 2 Trike.

IPO-bound Greaves also saw registrations improving significantly this year, as its flagship Ampere range moved to the sixth spot in terms of electric scooter registrations in the country. The OEM’s registrations stood at 10,098 units in June, up 31.1% from 7,702 units in May.

Going ahead, consumer interest is expected to increase in electric vehicles as state governments step up efforts to promote electric mobility. Yesterday, the Delhi government approved its draft EV policy which will come into effect from tomorrow. The government has set aside ₹15,000 Cr for the policy, which states that internal combustion engine two-wheelers will no longer be registered in the capital from April 1, 2028.

The policy, which will remain in place till March 2030, will provide a purchase incentive of ₹30,000 in the first year, ₹20,000 in the second year and ₹10,000 in the third year for buying electric two-wheelers. The government also plans to install 32,000 charging points within the next four years to promote adoption of electric vehicles.

The development led to a steep jump in shares of Ola Electric and Ather Energy today. Ola Electric jumped 11% during the intraday trading and Ather rose nearly 3%, as investors expect the new policy to benefit the companies. Brokerage Nomura said that two-wheeler volumes are likely to grow 18% year-on-year due to increased adoption.

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