Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game

Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather as on Thursday

Incumbent two-wheeler giants, TVS and Bajaj Auto, have in the last four months aggressively ramped up volumes, which has helped them grab a substantial share of even the electric two-wheeler market. They have also reduced their gap in the number of registrations vis-a-vis the big EV two-wheeler startups, which include Ather Energy and Ola Electric.

The two players have upped their share in the EV two-wheeler market sharply after subsidies were cut by the government in May  – from 24.5 per cent in June to 37.1 per cent in September till date. The figures are based on registrations data from