EV Two-Wheeler Market Grows 21.81% in FY2026, Crosses 14 Lakh Sales Mark

India’s electric two-wheeler market continues to grow steadily with strong demand across cities and towns. As per Federation of Automobile Dealers Associations, total EV two-wheeler retail sales reached 14,01,818 units in FY2026. This shows a healthy 21.81 percent growth compared to last year.

In addition, electric two-wheelers now hold a 6.5 percent share of the overall market. This is slightly higher than 6.1 percent in FY2025. Therefore, the shift towards electric mobility is clearly gaining pace, although gradually.

Growth Momentum Builds but Market Share Still Limited

FADA President C S Vigneshwar highlighted that crossing 14 lakh units is a key milestone. He noted that two-wheelers remain the backbone of personal transport in India.

Moreover, March 2026 alone recorded a strong 9.79 percent EV share. This suggests improving momentum towards the end of the financial year. However, one strong month may not fully confirm a long-term shift.

Perhaps, rising fuel concerns and better charging support could further boost EV adoption in coming months. Still, EVs remain a smaller part of the total two-wheeler market.

TVS Leads While Ather & Bajaj Show Strong Growth

TVS Motor Company emerged as the top EV two-wheeler seller in FY2026 with 3,41,513 units. This reflects a strong 43.54% growth.

In addition, Bajaj Auto secured second position with 2,89,349 units and steady growth. Meanwhile, Ather Energy impressed with an 82.34% jump in sales.

These numbers show that consistent product updates and dealer support are helping brands grow faster in this space.

Ola Declines While Hero Sees Sharp Rise

On the other hand, Ola Electric faced a major drop in FY2026 sales. The company sold 1,64,295 units, which is much lower than last year.

However, Hero MotoCorp showed strong recovery with a massive 196.13 percent growth. Even then, it still trails top EV players in total volume.

In addition, brands like Greaves, BGauss, River, and Simple Energy also reported steady growth from smaller bases.

EV Market Expands with Mixed Brand Performance

Overall, the EV two-wheeler market shows clear expansion but uneven growth across brands. Some companies scale quickly, while others adjust strategies.

Perhaps, factors like product quality, service support, and supply chain will decide future success. Therefore, consistency matters more than early advantage in this fast-changing segment.

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