Ola Electric Sees Over 50 Percent Sales Decline In CY25, Slips Behind Ather Energy

The Federation of Automobile Dealers Associations (FADA) has released the annual sales data for electric vehicles in India. According to the data for electric two-wheelers, Ola Electric sold 199,318 units in calendar year 2025. This translates to a significant decline of 51.11 percent compared to the 407,700 units sold in 2024. Despite this drop, the Bengaluru-based company remains one of the top five best-selling manufacturers in India.

The drop in Ola Electric's sales came as an opportunity for Ather Energy, which took the third rank on the list of best-selling electric two-wheeler manufacturers. The company registered sales of 2,00,797 units in CY25, showing a growth of 58.1 percent compared to 1,26,357 units sold in CY24. This comes on the back of models like Ather Rizta and the 450 Series of electric scooters.

Also Read: Suzuki Motorcycle Hits 10 Million Units Production Milestone In 20 Years

TVS Motor Company maintained its leading position in CY25, with sales of 2,98,881 electric two-wheelers. This represented a year-on-year increase of 35.35 percent compared to 2,20,819 units sold in CY24. Currently, TVS offers the iQube and Orbiter electric scooters in India, priced starting at Rs 94,434 and Rs 99,990, respectively (ex-showroom).

Also Read: KTM RC 160 Launched To Fight With Yamaha R15, But With Inferior Powertrain?

Bajaj Auto secured the second spot, selling 2,69,847 electric two-wheelers in CY25. This reflects a rise of 39.34 percent from the 1,93,663 units sold in CY24. Bajaj's electric lineup includes the Chetak scooter, with a starting price of Rs 99,500 (ex-showroom).

In fifth place was Hero MotoCorp, which achieved sales of 1,09,168 electric two-wheelers in CY25. This marked a significant increase of 149.74 percent over CY24, when sales totaled 43,712 units. Hero's electric models are marketed under the Vida brand, featuring the VX2 and V2 scooter series, priced from Rs 73,000 and Rs 1.04 lakh, respectively (ex-showroom).

Overall, India recorded electric two-wheeler retail sales of 12,79,951 units in CY25. This indicates an annual growth of 11.36 percent in comparison to CY24, when total retail sales for electric two-wheelers were 11,49,416 units.