Overview
- Autocar India reports 190,941 electric two-wheelers sold in March, the highest on record, with TVS and Bajaj leading a Top 10 that captured 95% of volume.
- Full-year retail sales in FY2026 reached 1,401,663 units, setting a new benchmark above FY2025’s 1.15 million.
- Festive purchases, concern over fuel costs, and the PM E‑Drive incentive now extended to July 31, 2026 with a smaller subsidy combined to unlock demand.
- Manufacturers cut ownership hurdles through pricing and infrastructure moves, with TVS launching Battery‑as‑a‑Service and its low-entry Orbiter V1, while Ather and Hero teamed with IPEC to build an interoperable charging network.
- Ola climbed back to No. 5 with roughly 9,500–10,000 registrations after late‑March discounts, and says faster service, an assured buyback up to 60%, and an eight‑year warranty are drawing buyers back.