TVS Motor tops January electric 2-wheeler market share for the first time

In a significant development in the electric two-wheeler industry, TVS Motor has emerged as the market leader in January, marking its debut in the top position. The company captured a market share of 27.1%, a substantial increase of over 350 basis points month-on-month (MoM).

Market Share Rankings:

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  1. TVS Motor:
    • Market Share: 27.1%
    • Growth: More than 350 bps MoM
  2. Bajaj Auto:
    • Market Share: 24%
    • Positioned as the second-largest player.
  3. Ola Electric:
    • Market Share: 18.4%
    • Retains the third spot in the rankings.
  4. Ather Energy:
    • Market Share: 14.8%
    • Notable growth of 60 bps MoM.

Industry Insights:

TVS Motor’s remarkable rise highlights its robust strategy in the electric vehicle segment, complemented by strong demand and an expanding product portfolio. Bajaj Auto, another major player, continues to strengthen its position, while Ola and Ather maintain their competitive presence in the fast-growing market.

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