In January 2026, TVS has overtaken Bajaj Auto, Ather Energy and Hero MotoCorp with sales of 34,440 units.
The electric two-wheeler segment has started the new calendar year with strong year-on-year growth. During this period, traditional automakers like TVS Motor and Bajaj Auto have performed well, while some new EV startups have faced ups and downs due to increasing competition.
TVS Motor Company emerged as the leader of the electric two-wheeler market in January 2026. The Hosur-based company sold 34,440 electric two-wheelers in the month, a growth of 43.3 percent year-on-year and 36.6 percent month-on-month. The good response to the iQube and Orbiter ranges, growing dealer network and better financing options are helping TVS maintain its strong foothold.
Bajaj Auto retained the second position with sales of 25,520 units. The company has registered 18.9 percent annual growth and 34.7 percent monthly growth. The company is expected to gain further profits in the coming months due to the increasing demand for Chetak electric scooter and the recently launched affordable variants.
manufacturer
Jan 2026
January 2025
YoY Change
TVS Motor
34,440
24,027
+43.3%
Bajaj Auto
25,520
21,470
+18.9%
Ather Energy
21,923
13,097
+67.4%
Hero MotoCorp
13,274
1,626
+716%
Ola Electric
7,512
24,413
-69.2%
amperes
5,336
3,638
+46.7%
River Mobility
2,574
611
+321.3%
BGauss Auto
2,475
1,451
+70.6%
E-Sprinto Green
2,033
125
–
PUR Energy
685
1,651
-58.5%
Ather Energy also performed well and sold 21,923 units in January 2026, showing a year-on-year growth of 67.4 percent. The popularity of the 450 series and the new Rizta model has fueled the company’s growth. Apart from this, Ather has also registered a growth of 27.5 percent on monthly basis.
Hero MotoCorp’s electric brand Vida has sold 13,274 units in January 2026, showing a 23.4 percent month-on-month growth and a strong year-on-year growth. At the same time, the month of January 2026 has been challenging for Ola Electric. The company has sold only 7,512 units, a decline of 69.2 percent year-on-year and 16.8 percent compared to December 2025.
Additionally, Ampere recorded 46.7 per cent YoY growth with sales of 5,336 units, while River Mobility posted a whopping 321.3 per cent YoY growth despite lower volumes. Brands like BGauss Auto and E-Sprinto Green have also registered good growth.