THREE COMPANIES THAT HOLD MORE THAN 60% OF INDIA'S ELECTRIC 2-WHEELER MARKET

As of Jan26, legacy brands like

, , and are back in the driver’s seat of the Indian electric 2-wheeler market, ending years of startup dominance. These 3 companies control a 60% share of the electric 2-wheeler segment, up from 34% in 2023. leads with a 28% market share, followed by with 21% and with 11%. In contrast, the market share of these 3 legacy brands in the year 2023 was merely 22%, 10% and 2% respectively. This shows how the market is moving from rapid disruption to consolidation driven by scale, reliability, and execution. Top players built their supply chains and dealer readiness in the initial phase and are now scaling at the right time.