Despite a sluggish market for electric cars, the electric two-wheeler segment in India is showing impressive growth as of February 2026. In that month alone, over 111,000 electric two-wheelers were sold, with TVS Motors leading the charge by selling 31,600 units. This marked a remarkable 364% increase in sales for the company compared to last year, while Ola Electric has seen a decline, with only 3,968 units sold, resulting in a drop to sixth place in the rankings.

The month of February 2026 has been particularly strong for the electric two-wheeler market, with a total of 111,680 units sold, reflecting a 46% year-on-year growth compared to February of the previous year when only 76,720 units were sold. TVS Motors stands out in this competitive landscape with a 67% year-on-year growth, cementing its status by capturing 28% of the market share. This growth showcases the increasing consumer preference for electric two-wheelers in the face of fluctuating car sales.

The shifting dynamics of the electric two-wheeler market highlight not only the rising trend in sustainable transport options but also consumer behaviors as they gravitate towards brands that deliver performance and reliability. Companies like Greaves Electric Mobility are also starting to challenge established players, reflecting an evolving market that is likely to see further innovations and competition as demand for electric vehicles grows.