India’s electric two-wheeler revolution, once marked by explosive growth, appears to be entering a phase of consolidation.

After a meteoric rise from 144,000 units in FY2021 to 1.14 million in FY2025, the April–November 2025 figures for FY2026 suggest a slowdown.

With only 700,000 units sold in the first eight months, the market is unlikely to surpass FY2025’s total unless a dramatic surge occurs in the final quarter.

This deceleration raises a critical question: Has the E2W market plateaued?

Lets analyze: …

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