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EV scooter makers scale up fast as Iran war petrol fears spark demand and production races
India
Published on 14 May 2026
Iran war jitters are speeding up scooter factory ramp-ups
TVS Motor, Bajaj Auto, Ather Energy and Hero MotoCorp are rapidly expanding electric scooter capacity as consumers brace for potentially higher petrol prices linked to the Iran war. Executives say combined monthly production could top 150,000 units by year-end, nearly double current levels. The push marks a move from early adoption to mass-market scale, even as commodity inflation, supply chain disruptions and demand uncertainty persist. March saw EV share peak at 9.8%, but April volumes eased to 7.8%.
- Combined electric scooter output is projected to exceed 150,000 units by fiscal year end
- That would be nearly double current monthly production levels, signaling a shift to mass-market scale
- EV two-wheeler share hit a record 9.8% in March on peak volumes of 191,000 units
- April share eased to 7.8%, though sales rose 61% year-on-year to 148,000 units
- TVS plans to lift capacity from ~40,000 to 50,000 units per month
- April production was hit 10–15% by labour shortages at Tier-2 suppliers and logistics disruptions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times