India’s electric two-wheeler market saw a major shift in 2025, with Ola Electric losing its dominant position to traditional manufacturers TVS Motor Company and Bajaj Auto. Data from the government’s Vahan portal shows Ola Electric’s market share dropped sharply from 36.7% in 2024 to 16.1% in 2025, marking a decline of more than half in just one year.
Despite overall growth in EV adoption, Ola Electric sold 1,96,767 vehicles in 2025, far below expectations. The company also reported consolidated losses, with challenges in customer service, delivery delays, and supply chain disruptions contributing to its decline.
- Bajaj Auto followed with a 21.9% share, leveraging the popularity of its Chetak EV and reliable after-sales service.
- Ather Energy and Hero MotoCorp also gained ground, benefiting from improved execution and expanding distribution channels.
The EV sector faced supply chain challenges in 2025, particularly shortages of rare earth metals due to global geopolitical tensions. While Ola Electric had positioned itself as the face of India’s EV revolution, legacy automakers capitalized on their established networks, brand trust, and execution strength to reclaim leadership.
Bhavish Aggarwal, founder of Ola Electric, had previously declared that “Tesla is for the West and Ola for the rest,” underscoring the company’s global ambitions. However, 2025 highlighted the importance of operational efficiency and customer trust in sustaining market leadership.
