TL;DR
TVS Motor takes the lead in January 2026 Indian EV two-wheeler sales with 33,296 units, while Ola Electric experiences a significant drop in market share.
January 2026 witnessed a significant shift in the Indian electric two-wheeler market, with legacy manufacturers gaining substantial ground. According to the latest VAHAN registration data, TVS Motor has emerged as the market leader, clocking 33,296 units and dominating the high-speed electric scooter segment.
TVS Motor's success is attributed to its focus on battery safety and an extensive service network, making the iQube a highly trusted nameplate. Bajaj Auto followed closely with 24,211 units, showcasing the appeal of the Chetak's robust build. Ather Energy also maintained a strong performance with 20,786 units, and Hero MotoCorp's Vida recorded 12,608 units, benefiting from its widespread presence in smaller cities.
In a notable downturn, Ola Electric, which once commanded nearly 40% of the market, saw its sales plummet to 7,221 units, struggling to remain in the top five. This decline is linked to persistent service complaints and a consumer preference shift towards more established and reliable brands. The January data underscores a maturing EV market where reliability and service infrastructure are now key drivers of consumer choice.
