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The electric vehicle segment in the country has begun the new fiscal year FY26 on a moderate note, following record-high volumes reported in March 2025 and for the full year FY25. However, on a year-on-year basis, last month’s volumes showed a notable increase.
The total registrations of battery-powered EVs across all categories reached 1.67 lakh units in April 2025, down from 2.05 lakh units in March 2025 but up significantly from 1.16 lakh units in April 2024, according to data on the Vahan portal.
Within this, the electric two-wheeler (E2W) segment recorded 91,791 registrations in April 2025, compared to 65,555 units in the same month last year. In March 2025, E2W sales stood notably higher at 1.31 lakh units.
While industry observers typically expect a dip in April following the March sales peak, this year saw April’s electric two-wheeler numbers surpass previous years’ performance, even after a strong showing in March. It is also understood that the festive occasion of Akshaya Tritiya contributed to increased retail activity for OEMs.
In a notable shift, TVS Motor — which ranked second in FY25 — emerged as the top-selling brand in the electric two-wheeler category in April. Ola Electric and Bajaj Auto secured the second and third positions respectively, with only a marginal difference in volumes separating the three.
TVS Motor reported sales of 19,736 units in April 2025, a sharp rise from 7,762 units in April 2024, although down from 30,683 units in March 2025.
K N Radhakrishnan, Director & CEO of TVS Motor said, during the company’s recent earnings call, that the iQube remains a strong leader in the EV segment, supported by a range of battery options (2.2 kWh, 3.4 kWh, and 5.1 kWh), and mentioned plans to increase the number of of retail outlets that sell iQube from 900 outlets to more in the coming months.
Ola Electric sold 19,709 units in April 2025, lower than the 34,163 units it sold in April 2024 and also down from 23,557 units in March 2025.
Bajaj Auto followed closely with 19,001 E2W registrations in April, a significant increase from 7,561 units in the same month last year.
Ather Energy reported sales of 13,167 units last month, compared to 4,144 in April 2024, while Hero MotoCorp saw its electric two-wheeler sales rise to 6,123 units from 956 units a year ago.
Greaves Mobility, including its Ampere brand, registered 4,018 units in April.
The electric three-wheeler segment also witnessed strong growth, with 62,531 registrations in April 2025, up from 42,039 in April 2024 and higher than 59,554 units recorded in March 2025.
Meanwhile, the electric passenger vehicle (PV) category, which includes electric cars and SUVs, recorded 12,204 registrations in April 2025 — an increase from 7,720 units in April 2024 but slightly below the 12,959 units seen in March 2025.
Tata Motors led the segment with 4,393 units, followed by MG Motor with 3,462 units and Mahindra & Mahindra with 2,978 units.
Published on May 1, 2025
This article first appeared on The Hindu Business Line
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