Supported by favorable government incentives, low total cost of ownership, better financing access and a steady pipeline of new launches, the electric two-wheeler segment maintained strong momentum in January 2026.
Retail sales in this segment increased to 1,22,812 units during the month. This represents a year-on-year growth of 24.77% compared to 98,427 units sold in January 2025. On a month-on-month basis, volumes were 26.09% higher than the 97,399 units recorded in December 2025, indicating a healthy start to the new calendar year.
Electric 2W Sale January 2026
TVS Motor continued to lead the electric two-wheeler sector with sales of 34,558 units in January 2026. This represents a 43.82% year-on-year increase of over 24,028 units. MoM growth stood at 38.03% aided by the recent launch of Orbiter, strengthening the brand’s portfolio in the segment.
Bajaj Auto retained the second position with 25,598 units, registering positive growth on both YoY and MoM basis. Recent introductions like the Chetak C25 and Chetak 3001 have helped sustain demand. TVS Motor and Bajaj Auto together accounted for a significant share of the total electric two-wheeler sales, reflecting strong consumer preference for established brands.
Ather Energy stood at third position with 21,999 units in January 2026. This was a YoY growth of 67.97% from 13,097 units, while MoM growth was 28.97% from 17,058 units. Hero MotoCorp’s EV arm, Hero Vida, also recorded a sharp growth of 718.08% at 13,302 units as compared to 1,626 units in January 2025, indicating rapid scale-up growth.
Ola Electric is seeing a huge decline
In contrast, Ola Electric saw a sharp decline in volumes. Sales declined 69.21% YoY and 16.68% MoM to 7,516 units, reflecting structural and competitive challenges in the segment. The share price of Ola Electric is trading near its all-time low.
Greaves Electric recorded 5,337 units, a growth of 47.72% YoY and 12.33% MoM. River Mobility, which currently retails a single Indy model, posted 2,587 units, up 323.40% YoY and MoM by 44.04%.
Bigos Auto reported sales of 2,477 units, while e-Sprinto Green Energy sold 2,033 units, with the latter seeing a sharp rise of 1,526.40%. Other brands collectively added 7,405 units, contributing to the overall expansion of the segment.