Yulu, an electric vehicle and shared mobility start-up, has announced that it has become India’s largest EBITDA (earnings before interest, taxes, depreciation and amortisation) profitable shared electric mobility company and also has crossed an Annual Recurring Revenue (ARR) of $30 million (INR 2.5 billion).

This milestone has been achieved through Yulu’s product-market fit, the surging demand for quick commerce and food delivery services, and policy tailwinds. 

The company claims to have over 40,000 EVs and has added more than seven-fold (7X) customers over the last 24 months.

Armed with a scalable growth engine powered by its AI-enabled full-stack EV platform, and supported by Yuma Energy – one of India’s largest battery-swapping networks – Yulu has been instrumental in fueling the hypergrowth of quick commerce. As an integral part of the delivery ecosystem, Yulu has significantly contributed to Sustainable Development Goals by enabling green deliveries to millions of consumers across 11 cities in India.  

Amit Gupta, Co-Founder and CEO, Yulu said, “Yulu is delighted to achieve the EBITDA-positive milestone. As the country’s largest shared electric mobility player, Yulu is a critical enabler for the instant delivery revolution. The simplicity and ease of our platform allow gig workers without vehicles to join the delivery workforce, while also addressing the crucial supply gap in the quick commerce value chain. With its best-in-industry technology stack and reliable and purpose-built EVs by Bajaj Auto, Yulu stands out with a unique advantage and unmatched scalability. We’re excited about the future and look forward to seizing the vast opportunities in instant and hyperlocal deliveries.”

Yulu is now doubling down on its plan to deploy 100,000 EVs by 2025. To finance this expansion, the company will raise $100 million (INR 8.3 billion) in Series C debt and equity funding over the next 12 months.

The EV maker states delivery riders prefer its e-scooters since it enables 30-40 percent higher savings over ICE vehicles. To date, the company has enabled better livelihoods for over 1,50,000 riders – including women – and their families.

The value proposition of Yulu’s purpose-built EV platform also lowers delivery companies’ logistics and manpower costs and has enabled the company to build deep partnerships with food delivery and quick commerce businesses like Zomato, Zepto, Blinkit, Swiggy, and others. 

Owing to these factors, in areas served by Yulu, the company has nearly 100 percent coverage of dark stores. Yulu’s EVs comprise 35 percent (in some cases, up to 80 percent) of all vehicles at the store level. Its strong market presence enables Yulu to power over 20 million green deliveries every month. 

Going forward, Yulu plans to launch a mid-speed electric two-wheeler, which will be unveiled before the year-end. With a top speed of 45kmph, the EV will cater to additional use cases like bike taxis, e-commerce deliveries, long-distance food orders, and courier services, besides higher-payload goods deliveries

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Suzuki Motorcycle India reported sales of 95,244 units in June, which represents an 8 percent YoY growth, as compared to 88,287 units sold last year.

In the domestic market, the sales grew by 4 percent at 73,934 units, while exports grew by 24 percent at 21,310 units.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “We remain optimistic as our growth continues across both domestic and international markets. Our continued focus on delivering superior riding experience and customer centric approach is driving this performance. We will continue to offer greater value to our customers as we strengthen our presence across markets and gear up for the months ahead.”

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reported its strongest-ever quarterly sales performance in Q1 of FY2026, hitting a record 1.27 million units. This robust growth was underpinned by significant increases across both two-wheeler and three-wheeler segments, alongside a substantial boost in international business.

For June 2025, the company reported sales of 402,001 units, a 20 percent jump compared to 333,646 units sold in June 2024. Two-wheeler sales accounted for 385,698 units, up 20 percent YoY as compared to 322,168 units last year. Of this domestic market sales grew by 10 percent YoY at 281,012 units.

On the other hand, while demand for TVS iQube remains strong, the company reported sales of 14,400 units sold, a slight decrease from 15,859 units last year. This dip it attributed to the ongoing disruptions in the EV supply chain, particularly concerning the availability of magnets, which continues to pose short to medium-term challenges.

On the exports front, the company shipped 117,145 units last month, which was 54 percent higher as compared to 76,074 units in June 2024. Two-wheeler exports were particularly strong, growing by 58 percent to 104,686 units from 66,434 units in the previous year.

During the first quarter, two-wheeler sales grew 17 percent, with sales rising from 1.05 million units to 1.23 million units in Q1 FY2026.

Three-wheelers experienced 46 percent increase, with sales climbing from around 31,000 units in Q1 FY25 to about 45,000 units in the current quarter.

Total exports for the quarter grew by 39 percent, reaching 352,000 units compared to 254,000 units in the first quarter of FY2025.

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Chennai-headquartered mid-sized motorcycle specialists Royal Enfield has announced its monthly sales performance with 89,540 units sold in June 2025, up 22 percent from the same month last year.

This includes 76,957 units in the domestic market, up 16 percent YoY and 12,583 units in exports, up 79 percent YoY.

Looking at Q1 FY2026 performance, the motorcycle maker reported a healthy 12 percent growth in domestic sales at 228,779 units, as against 204,686 units sold last year. The exports also grew by 65 percent at 36,749 units, as against 22,221 units sold last year.

B Govindarajan, Managing Director, Eicher Motors, and Chief Executive Officer, Royal Enfield, said, “We saw strong double-digit growth in June, reflecting the steady momentum we have built across markets. Our motorcycles continued to perform well not just in India but in several key global markets, driven by a growing community of riders who resonate with our brand and purpose. We are confident of the growth momentum and are looking forward to building on this growth with a sharp focus on innovation, quality, and delivering a pure motorcycling experience.”

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Pune-headquartered two-wheeler and three-wheeler major Bajaj Auto has announced its wholesales for June 2025 and Q1 FY2026.

The company reported sales of 360,806 units across two-wheelers and three-wheelers last month, which was 12 percent higher YoY, as compared to 358,477 units last year. This includes 149,317 two-wheelers sold in the domestic market and 149,167 units exported. Three-wheeler sales came at 39,143 units in the domestic market and 23,179 units in exports.

For Q1 FY2026, the company’s exports of two-wheelers and three-wheelers clearly provided a much-needed cushion. On one hand, the company’s two-wheeler and three-wheeler sales were in the red at 9 percent and 2 percent in the domestic market, respectively, exports grew by 14 percent and 32 percent, respectively.

The company reportedly sold a total 1.11 million vehicles in Q1 FY2026, which was 7 percent higher YoY, as compared to 1.10 million units sold last year.

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