• 2W exports recorded 23% YoY growth in Q2 2025
• Hero MotoCorp led the overall 2W market with 27% market share closely followed by Honda at 26%
New Delhi/Gurugram, 08 Aug 2025: According to the latest insights from CyberMedia Research’s (CMR) Automotive Market Report Review for Q2 2025, the Indian E2W market recorded growth of 17% YoY. TVS maintained its leadership in the E2W market with 41% YoY growth in its sales.
According to Shipra Sinha, Senior Analyst – Smart Mobility Practice, CyberMedia Research (CMR), “The connected E2W segment is entering a phase of accelerated growth, powered by the deeper integration of IoT and telematics into OEM offerings. These innovations are not only enhancing the riding experience through predictive maintenance but are also enabling more efficient fleet and ride-sharing operations. The rising popularity of removable battery systems highlights a clear consumer preference for flexible charging, particularly in markets with constrained power infrastructure. Likewise, the shift toward digital clusters reflects the growing demand for real-time ride intelligence and connected features. We are also seeing institutional adoption, especially in e-commerce and last-mile logistics, providing strong tailwinds for the segment through better operational efficiency and a lower total cost of ownership.”
Technology Trends and Market Leaders in Q2 2025
• Market Leadership: TVS captured thefirst position in the Indian E2W market with 24% market share, followed by Bajaj at 21%. Bajaj E2Ws recorded notable 50% YoY growth. Ola Electric stood at the third position with 20% market share.
• Connected Growth: The connected E2W segment grew by 34% YoY, with 83% of E2Ws equipped with connected technology in Q2 2025.
• Digital Cluster Adoption: E2Ws with Digital clusters saw 17% YoY growth. On the other hand, digital cluster adoption in overall 2W with increased from 33% in Q2 2024 to 35% in Q2 2025.
• 26% of E2Ws came equipped with touchscreen displays, while the adoption was higher in the premium segment, 29% of premium E2Ws (>INR 1,00,000 price segment) featured this technology
Future Market Outlook
In CY2025 and beyond, CMR remains optimistic about the continued growth of EV in India and increasing adoption of connected technology. CMR anticipates E2Ws to capture 8-10% share in the overall 2W market by the end of CY2025.
“India’s electric two-wheeler market is poised for steady, sustainable growth,” added Amit Sharma, Senior Analyst – Smart Mobility Practice, CyberMedia Research (CMR). “By the end of 2025, we expect E2Ws to secure a notable share of the overall two-wheeler market. This growth will be underpinned by rising consumer confidence, gradual expansion of charging infrastructure, and broader adoption of connected technologies. However, the pace of adoption will also hinge on factors such as total cost of ownership, after-sales support, and continued policy stability.”
