India's electric two-wheeler market saw a significant shift in 2025, with Ola Electric's market share dropping by over 50% from 36.7% to 16.1%. TVS Motor emerged as the new market leader with 24.2% share, followed by Bajaj Auto at 21.9%. Legacy manufacturers gained ground due to established distribution, after-sales support, and wider product ranges. Geopolitical tensions impacting rare earth metal availability also presented challenges.