TVS Motors increases market share in electric two-wheeler space
Two-wheeler giant TVS Motors has begun the year with a splash, increasing its market share to over 16 per cent with registrations of 9,153 electric two-wheelers in January over the previous month’s 14.5 per cent.
Till the end of this month, TVS Motor, the incumbent ICE player, was in second place, after Ola Electric according to the latest VAHAN data, till 29 January.
The two companies increased their market share even though the overall volume of registrations in January fell from December.
In comparison, the combined market share of three other big players slipped from over 20 per cent in December to 17.8 per cent: Greaves Mobility with its brand Ampere; Okinawa which was once the number one player; and Bajaj Auto.
