Electric Two-Wheeler Sales in India: February 2026 Retail Analysis
The Indian electric two-wheeler market demonstrated strong annual growth in February 2026, solidifying the continuous shift toward sustainable urban mobility. The latest retail data from the Federation of Automobile Dealers Associations (FADA) reveals that while there was a slight month-on-month cooling, the year-on-year trajectory remains highly positive, with established two-wheeler giants dominating the charts.
Here is an in-depth analysis of the electric two-wheeler sales performance in India for February 2026.
Key Market Highlights for February 2026
The FADA report outlines a steady increase in electric vehicle adoption within the two-wheeler segment, marked by a growing overall market share.
- Total Retail Sales: The industry achieved a total of 1,11,709 electric two-wheeler registrations in February 2026.
- Year-on-Year (YoY) Growth: The sector recorded a solid 45.60% growth compared to February 2025, which saw 76,722 units sold.
- Month-on-Month (MoM) Decline: Sales experienced a 9.04% dip compared to January 2026, dropping from 1,22,812 units.
- EV Market Penetration: Electric two-wheelers maintained a 6.6% share of the overall two-wheeler market in February 2026, matching January 2026 figures and marking a notable increase from the 5.6% share held in February 2025.
Top Performing EV Manufacturers
Legacy players and dedicated EV startups are fiercely competing for dominance, with traditional automakers currently taking the lead.
1. TVS Motor Company Ltd
TVS Motor Company captured the top position, retailing an impressive 31,614 units in February 2026. This translates to a robust 66.78% YoY growth compared to February 2025, despite an 8.52% MoM decline from January 2026.
2. Bajaj Auto Ltd
Taking the second spot is Bajaj Auto, which recorded 25,328 units sold. The brand showed resilience with a minor MoM drop of just 1.05%, while achieving a 17.42% YoY growth.
3. Ather Energy Ltd
Ather Energy continues its strong market presence, securing the third position with 20,584 retail units. The company posted a significant 71.85% YoY growth, effectively more than doubling its sales footprint compared to previous years, even with a 6.43% MoM decrease.
4. Hero MotoCorp Ltd
Hero MotoCorp demonstrated massive scaling in its EV division, registering 12,514 units sold. This represents an exceptional 364.17% YoY growth compared to just 2,696 units in February 2025.
Electric Two-Wheeler Retail
| Two-Wheeler OEM | Feb’26 | Jan’26 | Feb’25 | MoM% | YoY% |
| TVS MOTOR COMPANY LTD | 31,614 | 34,558 | 18,955 | -8.52% | 66.78% |
| BAJAJ AUTO LTD | 25,328 | 25,598 | 21,571 | -1.05% | 17.42% |
| ATHER ENERGY LTD | 20,584 | 21,999 | 11,978 | -6.43% | 71.85% |
| HERO MOTOCORP LTD | 12,514 | 13,302 | 2,696 | -5.92% | 364.17% |
| GREAVES ELECTRIC MOBILITY PVT LTD | 4,724 | 5,337 | 3,704 | -11.49% | 27.54% |
| OLA ELECTRIC TECHNOLOGIES PVT LTD | 3,968 | 7,516 | 8,675 | -47.21% | -54.26% |
| BGAUSS AUTO PRIVATE LIMITED | 2,411 | 2,477 | 1,219 | -2.66% | 97.79% |
| RIVER MOBILITY PVT LTD | 2,255 | 2,587 | 613 | -12.83% | 267.86% |
| E-SPRINTO GREEN ENERGY PVT LTD | 1,176 | 2,033 | 269 | -42.15% | 337.17% |
| Others | 7,135 | 7,405 | 7,042 | -3.65% | 1.32% |
| Total | 1,11,709 | 1,22,812 | 76,722 | -9.04% | 45.60% |
Emerging Players and Notable Trends
The February 2026 data highlights significant shifts in momentum among other key players in the industry:
- Ola Electric Technologies Pvt Ltd: In a dramatic shift, Ola Electric saw a steep decline, retailing only 3,968 units. This marks a massive 54.26% YoY contraction and a 47.21% MoM drop.
- Greaves Electric Mobility: Maintained a steady mid-tier presence with 4,724 units sold, registering a 27.54% YoY growth.
- Rapid Growth Startups: Several newer or smaller players showed exceptional annual growth. River Mobility sold 2,255 units (267.86% YoY growth), and E-Sprinto Green Energy sold 1,176 units (337.17% YoY growth).
FAQs on Indian Electric Two-Wheeler Sales (February 2026)
How many electric two-wheelers were sold in India in February 2026? A total of 1,11,709 electric two-wheelers were registered in India during February 2026, according to FADA.
Which brand sold the most electric scooters in India in February 2026? TVS Motor Company led the market by retailing 31,614 electric two-wheelers.
What is the current market share of electric two-wheelers in India? In February 2026, electric two-wheelers accounted for 6.6% of the total two-wheeler market sales in India.
Did the electric two-wheeler market grow in February 2026? Yes, the market grew by 45.60% Year-on-Year compared to February 2025. However, there was a Month-on-Month decline of 9.04% compared to January 2026.
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