Despite leading India's EV transition with 14 lakh units sold in FY26, electric two-wheelers remain unprofitable for OEMs due to high costs and limited economies of scale.
Indian e2W industry generates annual revenues of around $1.3 billion
Jun 22, 2026
01:17 pm
What's the storyThe Indian electric two-wheeler (e2W) industry has seen phenomenal growth, outpacing other EV segments in sales.
According to the Federation of Automobile Dealers Associations (FADA), over 1.4 million units were sold in FY26, compared to just 199,000 electric passenger vehicles and over 800,000 electric three-wheelers.
India’s electric two-wheeler (E2W) market maintained its strong growth trajectory in May 2026, with total registrations rising 58…
Rising fuel costs led to an 8.6% decline in ICE two-wheeler sales, while EV registrations surged 62.5% in May.
The recovery comes after a 22% month-on-month fall in April from a record 192000 units in March, when automakers used aggressive…
EV three-wheeler sales in India jump 96% in May 2026, with Bajaj Auto emerging as market leader as EV penetration rises to 46.6%…
A few EV makers in India went belly up after the government abruptly scaled back incentives and cracked down on the misuse of…
India's two-wheeler sector anticipates a modest 3-5% wholesale volume growth in FY27, according to ICRA. While domestic demand…
