Festival season in India is always considered a special time for automobile companies. This time, i.e. in October 2025, the sales of two-wheelers left all expectations behind. The special thing is that this time the maximum shine was seen in the electric two-wheeler segment. More than 1.44 lakh electric scooters and motorcycles were sold in the country in a single month, which is a new record for the EV industry. Although this increase was only 2% in annual comparison, the month-on-month growth reached 38%.

Bajaj Auto wins, becomes number 1 brand

• Bajaj Auto’s performance has been the biggest surprise this time, Bajaj has left behind giants like TVS and Ather Energy. The company achieved the top position in the market by selling 31,246 units of its Chetak Electric Scooter. These sales were approximately 12 thousand units more than in September 2025, due to which Bajaj got a monthly growth of 59%. According to year-on-year figures, a 10% jump was recorded in the company’s sales. The increasing demand for Chetak has made it clear that customers are now increasingly leaning towards premium and reliable EV scooters.

Tough competition between TVS and Ather

• TVS Motor Company lagged behind Bajaj by a small margin, which sold 29,515 units of electric scooters in October. Although there was a slight decline in annual sales, the month-on-month growth was 31%. This means that the company’s flagship model TVS iQube is again gaining hold in the market. Ather Energy, which was ranked third, also made a great comeback. The company sold 28,101 units, which is 73% more than last year. The company’s market share increased significantly due to the new Ather 450 Apex and Rizta models.

Ola Electric’s decline and Hero Vida’s entry

• Ola Electric, which was once called the king of the electric scooter market, has now come to fourth place. The company sold only 16,036 units in October. Although this shows an increase of 20% compared to September, there was a huge decline of 62% in annual sales. On the other hand, Hero MotoCorp’s electric brand Vida performed better by selling 15,952 units and made it to the top 5.

Impact of new and emerging companies

• Companies like Greaves Electric Mobility, Bgauss Auto, Pure EV and River Mobility have also made their mark in the market with their performance. Greaves Electric sold more than 7,600 units thanks to the Ampere series, while new players like Pure EV and River Mobility recorded growth of more than 300% year-on-year.

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Ola electric shares raly: On the one hand, due to the high tariff of Trump, there was pressure on the shares of many companies and a tremendous decline was recorded, while Ola Electric shares are constantly jumping. On Monday, the company’s stock rose 7.33% to Rs 58.01 in early trade. That is, in the last five trading sessions, the stocks of Ola Electric have seen a rise of about 20%. This stock has jumped up to 47% in the last 30 days.

This boom in Ola’s shares is being seen at a time when the company has suffered a lot in comparison to last year. In such a situation, the question is constantly arising in the minds of investors whether this speed will remain in the stocks of Ola Electric.

Why did the rally come?

Actually, Ola Electric has been recognized under the production linked incentive (PLI) scheme for its Gen-3 scooter range. With this scheme, the company can benefit from 13% to 18% on its sales and this benefit can continue till 2028. The company says that this step will not only reduce the cost but will also increase profits.

Ola says that its Gen-3 scooter line-up is more than half of the total sales of the company. Now that both Gen-2 and Gen-3 range have got this certification, more stability in business is expected to increase. The company has also said that this initiative will see positive impact on Ebitda level.

Loss of first quarter

However, the company still suffered losses in the June quarter results. During this period, the loss of Ola Electric increased to ₹ 428 crore, while this loss was ₹ 347 crore in the same quarter of last year. Revenue also declined by 50% to Rs 828 crore on an annual basis, which was Rs 1,644 crore in the same period last year.

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Ather energy IPO: The IPO of Electric to Vehicle Maker Ather Energy Limited is opening for subscription on 28 April. Investors will be able to bid for this by 30 April. The company will raise 2,981 crore with this issue. However, since the announcement of the issue, Ather Energy’s Gray Market Premium (GMP) is decreasing.

Company reduced IPO size

Ather Energy has fixed a price band of Rs 304-321 per share for this IPO. The lot size is of 46 equity shares. Tiger Global Funde has reduced the size of its IPO and now the company plans to issue a fresh issue of Rs 2,981 crore. Whereas the first plan was to raise Rs 3,100 crore.

The minimum investment amount for retail investors is Rs 13 thousand 984. In the IPO, 8.18 crore fresh equity shares worth Rs 2,626 crore will be issued and an offer for 1.1 crore shares will be for sale. The size of the total issue is Rs 2,981 crore. Promoter Tarun Sanjay and Swapnil Babanla will sell some part of their stake with other corporate shareholders under the Os.

Share’s gray market premium

A day before the bidding, the Gray Market Premium (GMP) of Ather Energy share is Rs 3, which shows 0.93 percent premium at the issue price. Before the launch of the IPO, GMP started from Rs 17 on April 22 and it has now come on a single digit.

In which work will the fund use?

Funds from IPOs will be used for many major tasks, including setting up of new electric two-wheeler factory in Maharashtra, repayment of debt, investment and development (R&D) investment and marketing and expenses for marketing and general corporate works. This electric scooter manufacturer has raised 1,340 crore from anchor investors. The shares were allotted at a price of 321 per share.

Total 4.18 crore equity shares were released to 36 anchor investors, including names like SBI, Abu Dhabi Investment Authority (Adia), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley and Society General. Hero MotoCorp is the largest shareholder in Ether with about 40 percent stake. Hero has retained his stand that he will not sell his shares in public offer.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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