TVS Motor Company Tops India’s Electric Scooter Market, Ola Electric Slips Further in January 2026
- byPranay Jain
- 17 Feb, 2026
India’s electric scooter market recorded strong growth in January 2026, reflecting rising consumer demand for affordable and practical EVs. Traditional two-wheeler manufacturers have strengthened their position, while Ola Electric—once the segment leader—continues to see a decline in sales.
Here’s how the top players performed:
1. TVS Motor Company
TVS retained the number one position, driven by strong demand for the TVS iQube electric scooter.
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January 2026 Sales: 34,440 units
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Year-on-Year Growth: 43.3%
The iQube is widely regarded as a practical, family-friendly scooter known for ease of use and reliability. TVS has successfully overtaken Ola Electric and is expected to further expand its EV lineup by 2026.
2. Bajaj Auto
Bajaj continues its strong performance with the Bajaj Chetak electric scooter.
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January 2026 Sales: 25,520 units
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January 2025 Sales: 21,470 units
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Growth: 18.9%
The Chetak’s solid build quality and premium styling have resonated well with customers. A recently introduced affordable variant is expected to further accelerate sales in the coming months.
3. Ather Energy
Ather is steadily strengthening its position in urban markets, led by the Ather Rizta.
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January 2026 Sales: 21,923 units
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January 2025 Sales: 13,097 units
The company differentiates itself through software-driven features, over-the-air (OTA) updates, and connected technology, enhancing the overall ownership experience.
4. Hero MotoCorp (Vida Brand)
Hero MotoCorp’s electric sub-brand Vida V1 has shown remarkable growth.
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January 2026 Sales: 13,274 units
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January 2025 Sales: 1,626 units
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Year-on-Year Growth: 716%
This surge highlights how established automotive brands are rapidly gaining ground in the EV space by leveraging their distribution and service networks.
5. Ola Electric
Ola Electric, once the dominant player in India’s electric two-wheeler market, continues to struggle.
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January 2026 Sales: 7,516 units
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January 2025 Sales: 24,027 units
The company has acknowledged that service-related concerns have impacted customer confidence. The figures also include sales of its electric motorcycle, the Ola Roadster.
The sharp drop in sales and market share indicates that improving after-sales service and support will be crucial for Ola Electric to regain its leadership position.
Market Outlook
January 2026 data shows a clear shift in India’s EV landscape. Legacy manufacturers like TVS, Bajaj, and Hero MotoCorp are leveraging their strong service networks and brand trust to attract customers, while new-age EV startups face increasing pressure to match expectations in reliability and customer support.






