TVS Says India’s EV Two-Wheeler Market Has Reached a ‘Tipping Point’

India’s electric two-wheeler market has reached an important milestone, with EV penetration entering double digits for the first time. TVS Motor Company believes this marks a turning point for the segment, as improving infrastructure, stronger policy support and a wider range of products continue to drive adoption.

Speaking to Financial Express, Gaurav Gupta, President, India Two-Wheeler Business, TVS Motor Company, said the industry has now moved beyond the early adopter phase.

EV Adoption Picks Up Pace

According to Gupta, electric two-wheelers accounted for around 6% of the market last year, but have now crossed the 10% mark.

He attributed the growth to multiple factors, including:

• Wider choice of EV models
• Improved charging infrastructure
• Battery-as-a-Service (BaaS) ownership models
• Rising fuel prices
• Increasing customer confidence in EVs

Gupta described the 10% penetration level as a significant milestone that could accelerate mainstream adoption.

Supports Delhi’s EV Push

TVS has also backed Delhi’s EV Policy 2026, which will allow only new electric two-wheelers to be registered from April 1, 2028.

The company says it is already among the leading EV players in Delhi and will continue working with ecosystem partners to support the transition towards cleaner mobility.

FY27 Outlook Remains Cautiously Positive

Despite its optimism about electric mobility, TVS expects the overall two-wheeler market to see more measured growth in FY27, following a strong previous year.

The company expects:

• Industry growth of around 10% in Q1 FY27
• TVS to grow in line with, or slightly ahead of, the market

However, it remains cautious due to factors such as monsoon performance, rural demand, geopolitical uncertainties, and evolving consumer preferences.

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Final Take

Crossing the 10% EV penetration mark is a meaningful milestone for India’s two-wheeler industry. While mass adoption still depends on charging infrastructure and affordability, TVS believes the market has moved beyond experimentation, and the next phase of electric mobility is now well underway.