Penetration of electric two-wheelers in the segment crossed 7% in the month of May for the first time on account of this pre-buying—up 160 basis points from April, when penetration stood at 5.4%. Total e-scooter registrations in May exceeded 1.05 lakh units, with Ola Electric at just over 27% market share, TVS Motor Co. gaining a lead at the second spot with an increased market share of 19.3% and Ather Energy being the third-largest player at 14.6% market share.
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