India’s electric two-wheeler market witnessed a significant change in 2025, with Ola Electric, last year’s leader, experiencing a substantial decline in market share. Ola Electric’s market share plummeted to 16.1% in 2025 from 36.7% in the previous year. Despite an overall rise in demand for electric two-wheelers, the company managed to sell 1,96,767 vehicles during the year.
The decline in Ola Electric’s market share underscores the challenges the company faced throughout the year, including operational issues like service delays and inconsistent deliveries. On the other hand, Bhavish Aggarwal’s electric two-wheeler company reported a consolidated net loss of Rs 418 crore in the second quarter of the current financial year. The firm’s revenue from operations also declined by nearly 43% year-on-year to Rs 690 crore in Q2.
Established manufacturers with robust dealer networks and superior after-sales support made significant strides in the market. TVS Motor Company emerged as the market leader in 2025, securing a 24.2% share after selling 2,95,315 units. Bajaj Auto closely followed with a 21.9% market share, intensifying competition in the segment.
Ola Electric’s stock performance has been lackluster, with shares down 3.34% at Rs 34.97. Over the past month, the stock has declined by 13.77% and delivered a negative return of nearly 19% in the last six months. Year-to-date, the shares have fallen by 59.44%, according to official data.
