Current Market Share of EV Scooters in India

The electric scooter market in India has achieved remarkable penetration and growth across various segments. As of 2025, the market dynamics reveal:

Overall Market Penetration

Electric Two-Wheeler Market Share: The penetration of electric vehicles in the two-wheeler category reached 8.7% in March 2025, up from 5.7% in February 2025. For the full year 2024, electric two-wheelers accounted for 6.1% of total two-wheeler sales.

Market Leadership: Electric two-wheelers dominated India’s EV ecosystem with nearly 58% of total electric vehicle sales in FY2025, translating to 1.149 million units. High-speed electric two-wheelers (HS E2Ws) specifically accounted for 55.85% of total EV registrations in May 2025.

Monthly Performance Metrics

In May 2025, India recorded 1,79,522 electric vehicle registrations, with high-speed electric two-wheelers contributing 1,00,266 units (a 9% month-on-month increase). The overall EV penetration in the 2W market was 6.4% in January 2025.

Top 10 EV Scooters in India (2025)

Based on comprehensive market analysis and current offerings, here are the top 10 electric scooters available in India:

1. Bajaj Chetak

• Price: ₹99,990 – ₹1.46 Lakh
• Range: 123-153 km
• Top Speed: 63 kmph
• Market Position: India’s top-selling electric scooter in Q4 FY25 with 29% market share

2. TVS iQube

• Price: ₹94,434 – ₹1.31 Lakh
• Range: 94-145 km
• Top Speed: 75 kmph
• Market Performance: Leading EV sales with 27,642 units sold in May 2025

3. Ola S1 Pro

• Price: ₹1.16 – ₹1.36 Lakh
• Range: 176-242 km
• Top Speed: 125 kmph
• Key Features: Advanced connectivity and performance

4. Honda Activa e

• Price: ₹1.17 – ₹1.52 Lakh
• Range: 102 km
• Top Speed: 80 kmph
• Key Features: Trusted brand reliability

5. Ather 450X

• Price: ₹1.49 – ₹1.79 Lakh
• Range: 126-161 km
• Top Speed: 90 kmph
• Market Share: 12% in recent months

6. Ather Rizta

• Price: ₹1.11 – ₹1.54 Lakh
• Key Features: Family-oriented design and features

7. Yulu Wynn

• Price: ₹55,555
• Range: 68 km
• Top Speed: 25 kmph
• Key Features: Affordable micro-mobility solution

8. Ola S1 X

• Price: ₹65,499 – ₹92,999
• Key Features: Entry-level pricing with decent performance

9. Ultraviolette Tesseract

• Price: ₹1.20 Lakh
• Key Features: Performance-oriented electric scooter

10. VIDA V2

• Price: ₹85,858
• Market Performance: 8,361 units sold in May 2025 with 129.7% YoY growth

Sales Growth of EV Scooters in India

2024 Performance Milestones

India’s electric scooter market achieved historic milestones in 2024:

• Total EV Sales: Crossed 2 million units for the first time, marking 24% growth from 2023
• Electric Two-Wheeler Sales: Reached 1.2 million units with robust 30% year-on-year growth
• Market Penetration: Increased to approximately 8% from 6.8% in the previous year

Monthly Growth Trends (2025)

Strong Start to 2025: The first five months of 2025 showed continued momentum with over 547,000 EV sales and 8.8% growth despite reduced incentives.

March 2025 Surge: Electric two-wheeler sales surged dramatically from 76,583 units in February to 1,30,375 units in March, marking a 70% month-to-month growth.

May 2025 Performance: High-speed electric two-wheelers rose by 9% month-on-month to 1,00,266 units.

Historical Growth Trajectory

The market has shown exponential growth from 176,996 units in 2021 to a record 1.2 million units in 2024, representing a compound annual growth rate of approximately 85% over three years.

Market Share by Companies (2024)

According to the latest data, the top companies by market share include:

• Ola Electric: Leading position but declining market share
• TVS Motor: Strong second position with consistent growth
• Bajaj Auto: Rapid rise to top position in Q4 FY25
• Ather Energy: 12.28% market share with 1,25,566 units sold
• Hero MotoCorp (VIDA): 4.27% market share with 43,660 units

Expected Market Performance and Future Outlook

Short-term Projections (2025-2030)

Market Size Expansion: The India electric scooter market size reached USD 1.3 billion in 2024 and is expected to reach USD 3.0 billion by 2033, exhibiting a CAGR of 9.60% during 2025-2033.

Alternative Projections: Another analysis suggests the market will expand at a robust CAGR of 35% from 2022 to 2028, while some forecasts indicate a CAGR of 33.25% during 2025-2034.

Penetration Growth: Industry experts predict that electric two-wheelers will account for 20% of market sales by 2030, with the government aiming for a massive 80% e2W market share by 2030.

Market Size and Revenue Projections

Global Context: The global electric scooter market is expected to reach USD 55.01 billion by 2033 from USD 26.73 billion in 2024, with a CAGR of 8.35% from 2025 to 2033.

India-Specific Growth: The Indian market is projected to grow from USD 1.3 billion in 2024 to USD 3.0 billion by 2033, making it one of the fastest-growing electric scooter markets globally.

Key Growth Drivers

Government Support: The EMPS 2024 plan has allocated Rs 500 crore for electric two-wheelers and three-wheelers, with subsidies of Rs 5,000 per kWh of battery capacity. This represents a reduction from the previous FAME 2 scheme but continues to provide substantial support.

Infrastructure Development: Expanding charging infrastructure is mitigating range anxiety and promoting adoption. Companies like HeroMotoCorp are collaborating with Bharat Petroleum Corporation Limited to establish nationwide EV charging infrastructure.

Technology Advancements: Continuous improvements in battery technology, charging speed, and smart features are enhancing the value proposition of electric scooters. Modern electric scooters now feature IoT connectivity, GPS, and smartphone integration.

Market Challenges and Opportunities

Reduced Subsidies: Despite the reduction in government subsidies over the past 12-18 months, the market has maintained growth momentum, with OEMs keeping prices competitive through battery cost corrections.

Competitive Landscape: Legacy manufacturers like Hero, Honda, TVS, and Bajaj are accelerating their electric vehicle plans to compete with startups like Ola Electric and Ather Energy. The top four OEMs (Ola Electric, TVS, Bajaj Auto, and Ather Energy) account for 82% of segment retail sales.

Export Potential: With 326 electric scooters currently available in India and continuous new model launches, the market is well-positioned for both domestic growth and potential export opportunities.

Regional and Demographic Trends

Urban vs Rural Adoption: Electric scooters are gaining popularity in both urban and rural areas, with government initiatives specifically targeting rural communities through infrastructure development.

Consumer Segments: The market serves diverse segments from budget-conscious buyers (₹29,999 for Komaki XR1) to premium customers (₹2.50 Lakh for TVS X), ensuring broad market coverage.

Delivery and Commercial Use: The rise of e-commerce and food delivery services has created substantial demand for electric scooters in commercial applications, contributing significantly to overall sales growth.

Conclusion

India’s electric scooter market is experiencing unprecedented growth, with market penetration reaching 8.7% and strong momentum continuing into 2025. The combination of government support, technological advancement, and increasing consumer acceptance positions the market for sustained growth, with projections indicating a potential market size of USD 3.0 billion by 2033. The diverse range of available models, from budget-friendly options under ₹60,000 to premium scooters above ₹1.5 lakh, ensures broad market coverage and continued adoption across different consumer segments.

The market’s evolution from 176,996 units in 2021 to over 1.2 million units in 2024 demonstrates the rapid transformation of India’s urban mobility landscape. With continued government support, improving infrastructure, and advancing technology, the electric scooter market is poised to play a pivotal role in India’s transition to sustainable transportation.

Add to follow-up