Legacy players gain ground in EV two-wheelers as Ola Electric slips
India’s electric two-wheeler (e2W) market posted close to 22% jump year-on-year in FY26, with most legacy players and startups gaining market share at the cost of Ola Electric that led the segment until the previous year.
Retail sales of e2W crossed 1.35 million units last fiscal against 1.11 million units in FY25, despite production challenges arising from a shortage of rare earth metals, according to registrations data from the government-run Vahan portal.
