Electric 2W Sales Jan 2026: India’s electric two-wheeler market kicked off 2026 with strong momentum, but January sales data shows a dramatic shake-up among top brands.
While TVS emerged as the clear market leader, Hero Moto stunned the industry with record-breaking growth. On the other hand, Ola Electric saw a sharp decline in sales. Here’s a complete analysis based strictly on the official January 2026 sales figures.
Total Market Growth Strong At 24.77%
In January 2026, total electric two-wheeler sales stood at 1,22,812 units, compared to 98,427 units in January 2025. This represents a solid 24.77% year-on-year growth, with an increase of 24,385 units.
The EV 2W market continues to expand steadily, but brand performance varied sharply across the board.
TVS Becomes No.1 Brand
TVS led the market in January 2026 with 34,558 units sold, up from 24,028 units in January 2025.
• Sales Increase: 10,530 units
• YoY Growth: 43.82%
• Market Share (Jan 2026): 28.14%
With more than 28% market share, TVS clearly dominated the electric 2W segment and secured the top position.
Bajaj Holds Strong Second Position
Bajaj recorded 25,598 units in Jan 2026, compared to 21,470 units in Jan 2025.
• Sales Increase: 4,128 units
• YoY Growth: 19.23%
• Market Share: 20.84%
Bajaj maintained steady growth and remained the second-largest electric 2W player.
Ather Shows Solid Growth
Ather posted 21,999 units in January 2026, up from 13,097 units in January 2025.
• Sales Increase: 8,902 units
• YoY Growth: 67.97%
• Market Share: 17.91%
With nearly 68% growth, Ather strengthened its position among the top three brands.
Hero Moto Creates History
Hero Moto delivered one of the most dramatic performances of the month. Sales jumped to 13,302 units in Jan 2026, compared to just 1,626 units in Jan 2025.
• Sales Increase: 11,676 units
• YoY Growth: 718.08%
• Market Share: 10.83%
A staggering 718% growth makes Hero Moto the biggest growth story of January 2026.
Ola Faces Major Decline
Ola Electric experienced a sharp drop in sales. The company recorded 7,516 units in January 2026, down from 24,413 units in January 2025.
• Sales Decline: -16,897 units
• YoY Growth: -69.21%
• Market Share: 6.12%
This marks one of the steepest declines among major EV players this month.
Mid-Segment Players Performance
Other brands also showed mixed trends:
Greaves Ampere
• Jan 2026: 5,337 units
• YoY Growth: 47.72%
• Market Share: 4.35%
River EV
• Jan 2026: 2,587 units
• YoY Growth: 323.40%
• Market Share: 2.11%
Bgauss
• Jan 2026: 2,477 units
• YoY Growth: 70.71%
• Market Share: 2.02%
E-Sprinto
• Jan 2026: 2,033 units
• YoY Growth: 1526.40%
• Market Share: 1.66%
Others Category Sees Slight Drop
The “Others” category recorded 7,405 units in Jan 2026, compared to 7,993 units in Jan 2025.
• Sales Decline: -588 units
• YoY Growth: -7.36%
• Market Share: 6.03%
Final Verdict: Electric 2W Sales Jan 2026
January 2026 electric two-wheeler sales data highlights a strong overall market growth of 24.77%, but with clear shifts in leadership and brand momentum.
• TVS dominates with 28.14% share
• Hero Moto delivers historic 718% growth
• Ola sees a sharp 69% decline
The EV 2W segment is becoming more competitive than ever, and brand rankings may continue to shift in the coming months as companies respond to market dynamics.