By Afiur
February 02, 2026
Electric two-wheeler retail volumes reached 1,16,707 units in January 2026, signalling steady demand momentum and setting the tone for OEM ranking shifts.Market size
TVS topped monthly sales at 33,296 units in January, strengthening its FY26 year-to-date share to 23.7% and widening the gap over key rivals.
Ather recorded 20,786 units in January, reinforcing its urban presence and lifting its FY26 YTD market share to 16.6% in the E-2W category.
Hero Electric reported 12,608 units in January, improving volumes versus recent months and taking its cumulative FY26 share to 10.0%.
Smaller brands together sold 11,940 units in January, translating into a 9.4% combined YTD FY26 market share across regional players.
Pure EV posted 631 units during the month, a limited but consistent run rate that places it at 1.2% share in the FY26 cumulative market.
Bajaj posted 24,211 units for the month, placing it among the top performers to gain a 19.8% YTD market share in the electric scooter segment.
Ola sold 7,221 units during the month,a sharp moderation from earlier highs, with its YTD FY26 market share narrowingto 13.7%.
Greaves Electric logged 5,161 units for the month, maintaining a smaller but stable footprint and a 4.5% share in the FY26 tally so far.
Revolt closed January with 629 units, keeping its electric motorcycle presence visible while holding 0.8% of the FY26 year-to-date market.
Okinawa Autotech sold 128 units andOkaya EV 96 units in January, each contributing just 0.1% to FY26 marketshare so far.Fringe brandsSource: Vahan dataSource: