India’s electric vehicle market has slowed down in February 2026. But slowing down does not mean weakening. It does not simply mean that the New Year shopping rush has cooled down a bit.
In this detailed report, we analyze the sales of electric two-wheelers and electric cars in India for February 2026 based on registration data. We analyze month-by-month performance, market share, rankings and key movements. No hype. No random numbers. Just real data.
Source: Registration figures are taken from the Vehicle Data portal, video
Let’s start with electric two-wheelers.
Electric Two-Wheeler Sales – February 2026
India sold a total of 109,465 electric two-wheelers in February 2026.
Month-on-month (MoM) growth: -8.7%
Year-on-year (YoY) growth: +47%
The overall market saw negative MoM growth. February often sees lower figures compared to January as buyers rush to buy vehicles at the beginning of the year.
However, the 47% YoY increase indicates strong long-term demand.
Now, let’s look at the brand-wise rankings.
10) Revolt Motors
- January: 666 units
- February: 651 units
- MoM: -2%
- Market Share: 0.5%
Revolt returned to the top 10 this month. The drop remains minimal, but growth momentum looks flat.
9) E-Sprinto
- January: 2,030 units
- February: 1,176 units
- MoM: -42%
- YoY: +656%
- Market Share: 1%
A steep monthly fall, but year-on-year growth looks explosive. That means the brand expanded significantly compared to last year, even though February dipped.
8) Bgauss
- January: 2,475 units
- February: 2,411 units
- MoM: -2%
- YoY: +103%
- Market Share: 2.2%
Bgauss maintained stable performance. A small drop does not change its steady growth pattern.
7) River Mobility
- January: 2,574 units
- February: 2,255 units
- MoM: -12%
- YoY: +320%
- Market Share: 2%
River continues strong yearly growth. If it sustains this trend, it could realistically enter the top five within a year.
6) Ola Electric
- January: 7,512 units
- February: 3,968 units
- MoM: -47%
- YoY: -13%
- Market Share: 3.6%
This marks the first time Ola has dropped out of the top five. A 47% monthly fall stands as the steepest decline in the list. Service quality concerns and competitive pressure appear to be impacting volumes.
5) Greaves Electric Mobility
- January: 5,335 units
- February: 4,511 units
- MoM: -15%
- YoY: +44%
- Market Share: 4%
Greaves did not show dramatic growth, but it gained ranking due to Ola’s decline.
4) Hero Vida
- January: 13,274 units
- February: 12,516 units
- MoM: -5%
- YoY: +392%
- Market Share: 11%
Hero Vida posted exceptional yearly growth. A nearly 400% YoY jump signals strong market acceptance.
3) Ather Energy
- January: 21,923 units
- February: 20,585 units
- MoM: -6%
- YoY: +83%
- Market Share: 18%
Ather remains consistent. None of its scooters sell at extremely low prices, yet volumes stay strong. That reflects solid brand positioning.
2) Bajaj Auto
- January: 25,520 units
- February: 25,328 units
- MoM: Stable
- YoY: ±18%
- Market Share: 23%
Bajaj maintained almost identical monthly numbers. If demand for its electric lineup accelerates, it could challenge the leader.
1) TVS Motor Company
- January: 34,440 units
- February: 31,615 units
- MoM: -8%
- YoY: +82%
- Market Share: 28%
TVS continues to dominate. Even after a monthly dip, it holds a clear lead.
Awards – February 2026 (Two-Wheelers)
- Cheetah of the Month: No winner. Every brand posted negative MoM growth.
- Loser of the Month: Ola Electric (-47% MoM)
Sometimes the market decides the awards for you.
New & Emerging Players
- Suzuki Motorcycle India – 331 units
- BMW Motorrad – 46 units
- Honda Motorcycle and Scooter India – 193 units (stock clearance phase)
- Simple Energy – 764 units (MoM +48%)
Electric Motorcycle Segment
- Matter Motor Works : 66 units (-50%)
- Oben Electric : 380 units (+5%)
- Ultraviolette Automotive : 266 units (-22%)
- Revolt : 651 units (-2%)
The electric motorcycle space remains niche but competitive.
Electric Car Sales – February 2026
India sold 13,750 electric cars in February 2026.
- MoM Growth: -8%
- YoY Growth: +47%
February traditionally sees slower car sales compared to January. Buyers often register vehicles early in the year.
Now, let’s examine brand rankings.
10) Mercedes-Benz India
- January: 69 units
- February: 65 units
- MoM: -5%
- Market Share: 0.4%
9) Maruti Suzuki India
- January: 220 units
- February: 214 units
- MoM: -2%
- Market Share: 1.5%
8) BMW India
- January: 312 units
- February: 245 units
- MoM: -21%
- Market Share: 1.7%
Interestingly, BMW’s luxury EV sales remain strong compared to some mass-market players.
7) Kia India
- January: 306 units
- February: 295 units
- MoM: -3.5%
- Market Share: 2%
6) Hyundai Motor India
- January: 328 units
- February: 304 units
- MoM: -7%
- Market Share: 2.2%
5) BYD India
- January: 224 units
- February: 306 units
- MoM: +36%
- Market Share: 2.2%
BYD stands out as the only major brand with positive MoM growth.
4) VinFast
- January: 432 units
- February: 384 units
- MoM: -11%
- Market Share: 2.7%
3) Mahindra & Mahindra
- January: 3,589 units
- February: 3,010 units
- MoM: -16%
- Market Share: 21%
2) MG Motor India
- January: 4,606 units
- February: 3,312 units
- MoM: -28%
- Market Share: 24%
1) Tata Motors
- January: 7,852 units
- February: 5,560 units
- MoM: -29%
- Market Share: 40%
Tata continues to dominate India’s electric car market with a commanding 40% share.
