EV 2-Wheeler Sales February 2026: TVS again on the top, Ampere beats Ola

While leading players such as TVS Motor Company, Bajaj Auto, and Ather Energy retained their dominance, mid-tier brands experienced sharper volatility.

Yet again, TVS tops EV 2-Wheelers sales chart.

February 2026 reflects a broad-based month-on-month slowdown in India’s electric two-wheeler market. Market leader TVS Motor Company Ltd retained the top position despite a 9% decline, while Bajaj Auto Ltd showed the most stability among top players with only a 2% dip. Ather Energy Ltd and Hero MotoCorp Ltd also recorded moderate corrections but maintained strong volumes.

The most notable disruption came from Ola Electric Technologies Pvt Ltd, which recorded a sharp 47% fall, significantly impacting mid-segment dynamics. Smaller brands showed mixed performance—some declining steeply, while others like Simple Energy Pvt Ltd posted strong percentage growth on a low base.

Overall, February signals temporary cooling rather than structural weakness, with leading brands continuing to dominate while smaller players compete aggressively for incremental market share. March data will be crucial in confirming the direction of the trend.