/
A Boston Consulting Group report says electric two-wheeler penetration reached 9.9% in FY27 so far, up from 5.5% in FY24, and electric scooters 24.1%, up from 16.8%. Some 43% of two-wheeler buyers now consider an EV for their next purchase. September retail sales of electric two-wheelers rose 88.7%.

Electric scooters now account for 24.1 per cent of scooters sold in India, up from 16.8 per cent in FY24, according to a report by the Boston Consulting Group titled 'Electric in Charge: How India's Electric Two-Wheelers Are Moving into the Mainstream'. Across all two-wheelers, the share of electric models reached 9.9 per cent in the current financial year to the end of August, up from 5.5 per cent in FY24. The report was published on Monday, 26 October.
The report's key findings are:
The report does not give a penetration figure for electric motorcycles, which are the harder part of the market for the technology.
The survey part of the report is based on 1,600 respondents from different regions, income levels and age groups, who included existing electric and petrol buyers and prospective customers. About 55 per cent of them were from rural areas and from tier 2, 3 and 4 markets. It found that 43 per cent were actively considering an electric two-wheeler for their next purchase within six months, up from 30 per cent in 2024. The share of those who rejected the idea outright fell to 29 per cent from 38 per cent, and the share of those who were open to electric but unlikely to buy within six months fell to 28 per cent from 32 per cent.
The report divides buyers into ten groups, arguing that the purpose and distance of travel matter more than age or income. In the group that it calls 'Convenience Above All', positive views rose on looks (59 per cent against 30 per cent), pickup (48 per cent against 27 per cent) and trust in popular brands (46 per cent against 28 per cent). Owners said that running costs, storage, comfort, manoeuvrability and digital features met or beat their expectations.
The concerns are long-term durability, the ability to cope with rough roads and the suitability of the vehicles for highways. Because many owners have had their vehicles for a short time, there is little evidence of how the batteries and parts hold up over the years. The report advises makers to build products around the needs of particular customers and not just price, technology or vehicle type, and to improve the ownership experience through servicing, battery warranties, insurance and support for resale or exchange.
Separate data from the Federation of Automobile Dealers Associations show how quickly the market is growing. Retail sales of electric two-wheelers rose 88.7 per cent from a year earlier to 2,07,314 units in September 2026, and their share of all two-wheeler retail sales was 11.6 per cent, against 8.2 per cent a year earlier. Different sources measure the share differently, and one market data site puts the share of electric models at about 7 per cent in the year to July, so figures from different reports cannot be compared directly.
Two-wheelers are the biggest part of India's vehicle market, and fuel used by scooters and motorbikes is a large share of petrol demand. A shift to electric models cuts that demand and the oil import bill, a point that has more weight when crude is above $110 a barrel. The same week the government has approved E100 fuel for flex-fuel vehicles, which shows that it is backing more than one route to cut oil use.
The next test is whether the growth lasts as petrol rivals compete on price, and whether the makers can win the buyers who are still on the fence. For a household weighing a purchase, the practical advice in the report is to look at the cost over the whole period of ownership, to ask about battery warranties and to check how easily the vehicle can be serviced nearby.
What did you think?
Central government employees and pensioners are waiting for the July 2026 dearness allowance revision. DA stands at 60 per cent, reports expect 63 or 64, and the cabinet has announced nothing yet. Here is how the rise is worked out and what it adds to a salary.
Prateek Rawat4 min
The US Secretary of State toured the world's largest single-site refinery with the Ambani family on Wednesday. Washington wants more Venezuelan and American crude refined in India, and US diesel prices are a midterm worry. No trade-deal remarks were reported from the visit.
Amita Sahani4 min
Jio Platforms’ ₹30,213-crore IPO opened on Oct 21 and was fully subscribed within two hours, led by QIB demand. By 11:14 am, overall subscription was 1.23x, while retail bids lagged at 0.32x. The issue closes Oct 23 and lists Oct 28.
Reyaansh Agarawal3 min
Searches for the next Rs 2,000 payment are among India's top trends, but no release date has been announced. The 20 October date in viral posts is a guess and the Rs 4,000 claim is fake. Here is what is confirmed, who is eligible, why payments stall and how to check.
Reyaansh Agarawal4 min
After talks in Mumbai the US Secretary of State said only a small number of items remain in the trade deal. The UAE's foreign minister joined a three-way session on energy security. No agreement was announced, and Rubio moves on to Jamnagar on Wednesday.
Reyaansh Agarawal4 min
The free trade agreement came into force at one minute past midnight on Tuesday. New Zealand has dropped duties on all Indian goods; India opens 70 percent of its tariff lines but keeps dairy, sugar and edible oils protected, with 6,000 visas a year and a $20 billion investment pledge alongside.
Prateek Rawat5 min
The US Secretary of State meets S. Jaishankar at the Taj Mahal Palace on Tuesday afternoon, days after Washington waived tariffs over India's Russian oil purchases. A trade deal is said to be nearly done; the opposition is angry that the meeting is not in the capital.
Prateek Rawat5 min
The BSE and NSE are closed on Tuesday for Dussehra, a day after private bank results, foreign selling and dear crude pushed the Sensex down 1.17 per cent. Trading resumes on Wednesday with about 40 second-quarter results due, and Muhurat trading follows on 8 November.
Prateek Rawat5 min
EPFO has extended the deadline for September 2026 PF ECR filing and deposit to October 31, from October 15. The move follows a mid-month wage-ceiling revision that required payroll and contribution recalculations.
Prateek Rawat3 min
India raised the windfall tax on petrol exports to ₹2.50 per litre from ₹0.50, effective October 16. Diesel export duty was cut to ₹8.50 per litre from ₹16, while ATF stayed at ₹10.5. Retail fuel prices in major cities were steady.
Prateek Rawat3 min
HD Fire Protect’s IPO was subscribed 20.54 times by 10:20 am on Oct 15, the final day of bidding. Grey-market premiums stayed elevated at roughly ₹84–₹91, implying a listing near ₹355–₹362 versus the ₹271 cap price. Listing is scheduled for Oct 21.
Reyaansh Agarawal4 min
EPFO has revised EPF advance rules, capping education withdrawals at 10 and marriage at five during a member’s service. Housing-related advances are limited to five, while medical withdrawals have no numerical cap.
Prateek Rawat4 min