TL;DR
Indian electric two-wheeler sales surged by 36% in March 2026, reaching record numbers, driven by promotions, fuel price hike fears, and E-DRIVE subsidy concerns, with TVS and Bajaj leading the market.
The Indian electric two-wheeler (E2W) market witnessed a remarkable surge in sales during March 2026, achieving record monthly figures. Electric two-wheeler registrations jumped by 36% year-on-year to 177,485 units, surpassing the previous monthly high set in October 2025. This significant growth is attributed to a combination of factors, including aggressive promotional offers, anticipated fuel price hikes, and fears regarding the potential end of PM E-DRIVE subsidies, prompting customers to expedite their purchases.
The strong performance in March contributed to a robust financial year for E2Ws, with total sales in FY26 growing by 20.5% year-on-year to reach 1.3 million units. TVS Motor emerged as a dominant player in March, becoming the number one EV brand for FY26, closely followed by Bajaj Chetak. Experts suggest that the increasing availability of diverse EV models, improving charging infrastructure, and government initiatives promoting the segment are key drivers behind the rising adoption of electric vehicles in India. This momentum is expected to continue with a strong pipeline of new EV releases planned for the upcoming year.
