TVS Motor Leads Electric Two-Wheeler Market in February with 29% Market Share

India Electric Two-Wheeler Market Update - February 2026

Market Overview

Total electric two-wheeler registrations in India stood at 101,059 units in February 2026, with TVS Motor maintaining its leadership in the market.

Market Share Leaders

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

• TVS Motor led the market with 29,231 units, accounting for a 28.9% market share.
• Bajaj Auto ranked second with 22,942 registrations, capturing a 22.7% market share.
• Ather Energy followed in third place with 18,726 units and an 18.5% share.

Notable Performances

• Hero MotoCorp's electric mobility brand Vida secured the fourth position with 11,356 registrations and an 11.2% market share.
• Ampere registered 4,203 units with a 4.2% share.

Declining Player

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

• Ola Electric slipped to the seventh position with 3,783 units and a 3.7% market share, marking a decline from its earlier dominance in the segment.

Industry Trends

The shift in market dynamics highlights the growing competition in the electric two-wheeler segment, with legacy manufacturers expanding their electric portfolios and distribution networks. Smaller manufacturers accounted for 5,521 units, or 5.5% of total registrations, in the "Others" category.