Quick Highlights:
- TVS Motor remains the #1 electric two-wheeler brand with 31,601 units sold in February 2026.
- Bajaj Auto holds strong at #2, showing impressive market stability despite a broader slowdown.
- Ampere Electric enters the Top 5, benefiting from growing demand for affordable EV commuters.
- Ola Electric sales crash 47.3% MoM, pushing the brand down to 6th position.
Electric 2W Sales February 2026: TVS Dominates While Ola Electric Crashes Out of Top 5
India’s electric two-wheeler market has witnessed a major reshuffle in February 2026, with legacy manufacturers tightening their hold while some startup players struggle to maintain momentum.
According to the latest Vahan portal registrations, TVS Motor Company continues to dominate EV two-wheeler sales, while Ola Electric has dramatically slipped out of the Top 5 rankings after a sharp month-on-month drop.
Overall sales dipped slightly compared to January — which is typical for a shorter 28-day month — but the ranking shake-up among manufacturers is the real headline.
From my perspective, this shift highlights something buyers are increasingly prioritizing: trust, service networks, and long-term reliability. And right now, traditional manufacturers seem to be benefiting the most from that sentiment.
India EV Two-Wheeler Sales — February 2026
Below is the latest Vahan registration data comparing February 2026 vs January 2026 sales.
| Rank | Brand | Feb 2026 | Jan 2026 | MoM Growth (%) |
| 1 | TVS | 31,601 | 34,741 | -9.04% |
| 2 | Bajaj Chetak | 25,323 | 25,717 | -1.53% |
| 3 | Ather | 20,582 | 22,130 | -6.99% |
| 4 | Hero Vida | 12,514 | 13,349 | -6.26% |
| 5 | Greaves Ampere | 4,726 | 5,342 | -11.54% |
| 6 | Ola Electric | 3,968 | 7,531 | -47.31% |
1. TVS Continues Its EV Dominance
The biggest takeaway from February’s EV sales is the continued dominance of TVS Motor Company.
With 31,601 units registered, the TVS iQube lineup comfortably maintains the No.1 spot in India’s electric two-wheeler market.
Even though sales dipped slightly compared to January, the company still holds a significant lead over its closest competitors.
Personally, this is not surprising. The iQube has steadily built a reputation for reliability, practical range, and strong service support, which are becoming critical factors for EV buyers.
2. Bajaj Chetak Maintains Strong Momentum
In second place, Bajaj Auto once again proved the resilience of the Chetak brand.
With 25,323 units sold, Bajaj saw only a minor 1.53% month-on-month dip, which is remarkable considering the broader market slowdown.
The Bajaj Chetak continues to benefit from Bajaj’s extensive dealership and service network, which appears to be a key differentiator in the increasingly competitive EV scooter segment.
3. Ather Energy Holds the Premium EV Position
At number 3, Ather Energy recorded 20,582 unit registrations in February.
The Bengaluru-based EV startup continues to dominate the premium electric scooter category, thanks to its strong brand identity and loyal customer base.
While sales dipped slightly from January, Ather still maintains a healthy margin over mid-tier competitors.
4. Hero Vida Closing the Gap
Securing 4th place, Hero MotoCorp’s Vida electric lineup posted 12,514 units in February.
Hero has been steadily improving its EV strategy, and these numbers suggest the company is rapidly gaining traction among buyers looking for reliable alternatives to startup brands.
If the current trend continues, we could see Hero challenge Ather for the third position in the coming months.
5. Ampere Electric Enters the Top 5
One of the quieter but notable developments this month is Ampere Electric breaking into the Top 5.
The brand, operated by Greaves Electric Mobility, recorded 4,726 units in February.
Ampere’s focus on affordable, practical electric scooters for daily commuting appears to be resonating with a wider customer base, especially in tier-2 and tier-3 markets.
6. Ola Electric Sales Crash 47% Month-on-Month
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Perhaps the most shocking development in the February report is the dramatic decline in Ola Electric sales.
The company’s registrations fell from 7,531 units in January to just 3,968 units in February, representing a massive 47.3% drop month-on-month.
This sharp decline pushes Ola Electric down to the 6th position, outside the Top 5.
While the exact reasons are still debated, several factors could be contributing to this trend:
- Customer concerns around service networks
- Increased competition from legacy automakers
- Market correction after rapid early growth
If this trend continues, the EV startup may need to quickly strengthen its after-sales ecosystem to regain buyer confidence.
Lower-Rank EV Brands Showing Interesting Trends
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Beyond the Top 6, the rest of the EV two-wheeler market also revealed some notable developments.
- River Mobility secured 7th place with 2,612 units, maintaining steady growth.
- BGauss Auto followed with 1,977 units, continuing its niche presence in the market.
However, the most impressive performance came from Simple Energy.
While most brands saw declining sales, Simple Energy grew 45.24% month-on-month, rising from 526 units in January to 764 units in February.
This suggests that smaller EV startups can still find success by targeting specific market niches.
Why February EV Sales Declined
The slight decline in total EV sales during February is largely due to calendar factors rather than market weakness.
February had only 28 days, which naturally results in lower registration numbers compared to January.
Historically, March tends to be one of the strongest months for EV sales as manufacturers push to close the financial year with higher numbers.
March Could Bring Massive EV Discounts
Looking ahead, March 2026 could see a major surge in EV purchases.
As companies try to hit FY26 sales targets, buyers may benefit from:
- Aggressive discounts
- Extended battery warranties
- Special financing offers
- Inventory clearance deals
From a buyer’s perspective, March could be one of the best months to purchase an electric scooter in India.
Frequently Asked Questions — FAQs
Q. Which company sold the most electric two-wheelers in February 2026?
- TVS Motor Company led EV sales in February 2026, registering 31,601 units, primarily driven by the strong performance of the iQube electric scooter.
Q. What caused the drop in Ola Electric sales?
- Ola Electric sales dropped 47.3% month-on-month, declining from 7,531 units in January to 3,968 units in February. Possible reasons include service network concerns, increased competition, and market corrections.
Q. Which electric scooter brands are in the Top 5 in India?
- As of February 2026, the Top 5 electric two-wheeler brands in India are TVS Motor Company, Bajaj Auto, Ather Energy, Hero MotoCorp (Vida), and Greaves Electric Mobility (Ampere).
Q. Why do EV sales usually rise in March?
- March typically sees higher EV sales because it marks the end of the financial year. Manufacturers often offer discounts, incentives, and financing deals to clear inventory and meet annual sales targets.
