New Delhi: The monthly sale of electric bikes in India for the first time in this financial year in July for the first time after reporting a significant year -on -year increase in the previous three months, the Government Government Government has shown.
However, Legacy Manufacturers TVS Motor Co Ltd and Bajaj Auto LTD kept third in July in July.
The electric vehicle based on Bengaluru Startup Ather Energy LTD recorded a significant jump in its market share compared to the same month of the previous fiscal year.
The sale of the electric two wheels decreased in July by slightly more than 4% to 102 871 units, compared to 107,654 units in the same month last fiscal, after monthly sales in the first quarter of FY26 by 31% year -on -year.
The TVS engine sold over 22,000 units in July, followed by a Bajaj car with 19 650 units and Ola Electric with about 17 848 units. Hot On Ola’s Heels was a Peer Pure-Play electric vehicle (EV) manufacturer Athher, selling 16 231 units in the month.
Ather sales were about 15.77% of the total electric cake in July, which is significantly higher than 9.49% in the same month of last year.
“The July sales for 2W EV have dropped significantly, out of 107k in July 2024 and 105k in June 2025 to 101k levels in July 2025.
The industry is currently engaged in the lack of magnets of rare soils imported from China to control the exports established by the Chinese Ministry of Trade. The problem of rare soil magnet threatened the production of electric vehicles because it is a key part of the engines used to operate vehicles. Given that China imposed a restriction on exports and Indian players who did not get into the shipments, Bajai threatened the moon in August.
Meanwhile, Ola Electric will soon start introducing engines without rare soils in their vehicles that can help it achieve production without any disturbance. Although TVS did not give an accurate comment on the situation, the leadership of their earnings of Q1 FY26 calls that the company “runs everyday production”.
Ola Electric, a leader on the market in the 2-year-old EV space in FY25, tries to keep their land as older players are growing. Chairman and CEO Ola Electric Bhavish Aggarwal recently told investors that the company would focus more on a profitable approach rather than aggressive management, at a time when TVS took its crown.
This year, the company also fought with the registration questions, which led to an unusual vehicle in February to April, but has now been clarified. According to its management, the company must sell 25,000 vehicles per month to break at the level of operating profit.
Meanwhile, Ather’s Tarun Mehta said Mint that the industry can use light rare soils in engines that have a relatively diversified supply chain and whose export has not limited China.
Electric two-round buyers receive incentives on the side of demand within the PM E-Drive system, allowing maximum subsidy £5,000 per vehicle to FY26. As part of the scheme set for running two fiscal – FY25 and FY26 – initial subsidies available for consumers was £10,000 on two -round. However, the scheme adhered to the principle of narrowing subsidies and reduced the amount £5,000 in FY26, according to the scheme instructions.
Within this system, manufacturers must sell electric vehicles with consumers’ discount and later claim compensation from the government for the difference.
In addition, it provides a motivational scheme for cars and cars associated with the production of incentives for manufacturers of original equipment for the sale of electric vehicles. However, this program recorded a lukewarm industry in the first year of payouts. In FY25 the government has set out £322 crore for four automakers – one of them was Ola Electric. This amount is expected to increase £2,000 crore in FY26, Minister of Heavy Industry HD Kumaraswamy said Mint in an interview in June.
(Tagstotranslate) electric two -wheeled
