New Delhi, Jan 1 || The New Year welcomed a new two-wheeler (2W) EV leader in India as Bajaj Auto overtook Ola Electric in the month of December in terms of market share.
According to the data from the government’s Vahan portal, Bajaj Auto's market share in the two-wheeler EV segment increased by 3 per cent to 25 per cent in December 2024, which was 22 per cent in November.
At the same time, Ola Electric's market share declined by 5 per cent on a MoM (month-on-month) basis to 19 per cent in December. It was 24 per cent in November.
Along with Bajaj, Ather Energy's market share in the two-wheeler EV segment increased by 3 per cent to 14 per cent in December, from 11 percent in November.
TVS Auto's market share remained at 23 per cent last month. Hero MotoCorp's market share fell by 5 per cent to just one per cent in December from 6 per cent in November.