Two-Wheeler EV Market Share in India (2026) – Companies, Trends & Insights

April 13, 2026 Avnishtiwari Tiwari

Introduction (Two-Wheeler EV Market Share)

The electric vehicle (EV) revolution in India has grown rapidly, and two-wheeler EVs—primarily electric scooters—are at the forefront of this shift. The electric vehicle (EV) revolution in India has grown rapidly, and two-wheeler EVs—primarily electric scooters—are at the forefront of this shift. With rising fuel prices, government incentives, broader product availability, and growing consumer interest, electric two-wheelers have become one of the most dynamic segments in India’s automobile market. With rising fuel prices, government incentives, broader product availability, and growing consumer interest, electric two-wheelers have become one of the most dynamic segments in India’s automobile market. In this blog, we explore which companies are leading the two-wheeler EV market in India in 2026, their market share, reasons behind the trends, and what future growth might look like.In this blog, we explore which companies are leading the two-wheeler EV market in India in 2026, their market share, reasons behind the trends, and what future growth might look like.The electric vehicle (EV) revolution in India has grown rapidly, and two-wheeler EVs—primarily electric scooters—are at the forefront of this shift. With rising fuel prices, government incentives, broader product availability, and growing consumer interest, electric two-wheelers have become one of the most dynamic segments in India’s automobile market. In this blog, we explore which companies are leading the two-wheeler EV market in India in 2026, their market share, reasons behind the trends, and what future growth might look like.

Electric Two-Wheelers: A Fast-Growing EV SegmentElectric Two-Wheelers: A Fast-Growing EV Segment

Two-Wheeler EV Market Share (Electric scooters and bikes) make up the biggest part of India’s EV sales.Electric scooters and bikes make up the biggest part of India’s EV sales. In FY2026, about 1.40 million electric two-wheelers were sold. This was about 57% of the total EV market, which also includes cars, three-wheelers, and commercial vehicles.In FY2026, about 1.40 million electric two-wheelers were sold. This was about 57% of the total EV market, which also includes cars, three-wheelers, and commercial vehicles. This marks a significant 22% year-on-year growth, despite competition from internal combustion engine (ICE) vehicles and reduced GST incentives.This marks a significant 22% year-on-year growth, despite competition from internal combustion engine (ICE) vehicles and reduced GST incentives (Two-Wheeler EV Market Share).

More and more people are switching to electric scooters because they cost less to run, are better for the environment, and are more reliable.More and more people are switching to electric scooters because they cost less to run, are better for the environment, and are more reliable. This trend in demand has been driven by people who commute to work in cities, delivery fleets, and people who are buying electric vehicles for the first time.This trend in demand has been driven by people who commute to work in cities, delivery fleets, and people who are buying electric vehicles for the first time (Two-Wheeler EV Market Share).

The top two companies that make electric two-wheelers and their market shareThe top two companies that make electric two-wheelers and their market share

Based on sales and registration data from early 2026, the table below shows the top electric two-wheeler companies in India:Based on sales and registration data from early 2026, the table below shows the top electric two-wheeler companies in India:

BusinessBusiness	Approximate Share of the MarketApproximate Share of the Market
TVS Motor CompanyTVS Motor Company	~27–28%~27–28%
Bajaj AutoBajaj Auto	~23%~23%
Ather EnergyAther Energy	About 18%About 18%
Hero (Vida EV)Hero (Vida EV)	~11%~11%
Greaves and OthersGreaves and Others	~4–6%~4–6%
Ola ElectricOla Electric	~3–4%~3–4%

1. TVS Motor Company

TVS has about 27–28% of the electric two-wheeler market in India, mostly because its iQube series has been so popular. It wins over urban and semi-urban buyers with its strong distribution network, financing options, and brand trust (Two-Wheeler EV Market Share).

2. Bajaj Auto

Bajaj’s electric scooters, like the Chetak, have a solid 20–23% market share thanks to steady sales and a lot of happy customers. Bajaj has been able to reach more markets by using a variety of strategies, such as holiday deals and financing options (Two-Wheeler EV Market Share).

3. Ather Energy

Ather is still one of India’s most well-known pure EV startups, with about 18% of the market. Its products, like the Ather 450 series, are known for their advanced technology. Its focus on features, performance, and service quality still draws in city EV buyers.

4. Hero MotoCorp (Vida EV)

Vida, Hero MotoCorp’s electric vehicle division, has become a fast-growing player with about 11% of the market. This is thanks to Hero’s large distribution network and the fact that people are already familiar with the brand in both scooters and bikes.

5. Greaves and Other New Brands

Greaves Electric Mobility, River Mobility, Bgauss, and other smaller companies make up about 4–6% of the total share of two-wheeled electric vehicles. These companies make affordable or popular models in certain areas, which helps more people use electric vehicles.

6. Ola Electric

Ola Electric used to be the most popular name in the Indian EV two-wheeler market, but now it only has a small share (about 3–4%) because it has fallen behind older brands like TVS and Bajaj. It has changed its position because of things like competition, problems with after-sales service, and changing consumer confidence.

Trends That Are Driving the EV Two-Wheeler Market

⚡ 1. More and more people in cities are using it

Electric scooters are becoming more common in Indian cities because they are cheap, easy to use, and the charging infrastructure is getting better. Many buyers think that EVs are a good way to get around in the city because they cost less to run (Two-Wheeler EV Market Share).

🏙️ 2. Help with Policy

India is working to get more people to use electric vehicles (EVs) by offering incentives and policies that are forward-thinking at both the national and state levels. For example, some states are working toward banning new petrol two-wheelers in big cities by 2028. This will help people buy electric vehicles in the long run (Two-Wheeler EV Market Share).

📉 3. Change to Legacy OEM Dominance

New information shows that traditional manufacturers like TVS, Bajaj, and Hero now have about 60% of the electric two-wheeler market share, beating out EV startups. This shows a trend toward “market consolidation,” where big brands are winning because they have more scale, reliability, and service networks (Two-Wheeler EV Market Share).

What comes next for electric two-wheelers in India?

The future looks bright for electric two-wheelers (Two-Wheeler EV Market Share):

✅ Continued growth: As battery technology gets better and the price difference between electric vehicles and gas scooters gets smaller, more people are expected to buy them.
New players and models: Both established automakers and new startups are expected to offer models that are more affordable and have more features.
✅ Infrastructure growth: Better public charging and battery swapping infrastructure should help more people use them (Two-Wheeler EV Market Share).

Final Thoughts (Two-Wheeler EV Market Share)

The Indian two-wheeler electric vehicle market has clearly grown up from the early hype and is now a popular part of the auto industry. TVS Motor Company, Bajaj Auto, Ather Energy, and Hero (Vida EV) are some of the biggest names in the market right now. Other companies, like Ola Electric and smaller ones, help keep things interesting and new. The two-wheeler EV revolution in India is only getting stronger because of supportive policies and changing customer preferences (Two-Wheeler EV Market Share).