India’s Electric Two-Wheeler Sales – March 2026

March 2026 has been a fantastic month for India’s electric two-wheeler market. Every major OEM closed the quarter on a high note, and the numbers clearly show that EV adoption in India is no longer just a trend; it is becoming a real movement.

Q4 FY 2025-26 ended on a very strong note, with March being the best month of the quarter for every electric two-wheeler brand in India.

This is a very positive sign because it tells us that people across India are genuinely warming up to electric scooters & motorcycles and are already making the switch.

India’s largest OEM players like TVS Motor, Bajaj Auto, and Ather Energy continue to dominate the market, while Hero’s Vida brand is growing fast, and Greaves Electric is quietly building good momentum these months.

Even Ola Electric, which had a tough last few months, showed some recovery in March, which is encouraging to see.

If this kind of momentum continues into FY 2026-27, this year could easily become the biggest year ever for electric two-wheelers in India.

Electric Two-Wheeler Sales – March 2026 at a Glance

Source: Vahan Dashboard

#1 TVS Motor – 49,453 Units in March (Q4 Total: 1,16,129)

TVS Motor is clearly the king of the electric two-wheeler market right now, and March 2026 was its best month of the entire quarter.

With nearly 50,000 units sold in a single month, TVS has shown that it means serious business in the EV space.

The company recorded sales of 34,799 units in January 2026, followed by a slight dip to 31,877 units in February, before surging to 49,453 units in March.

The TVS iQube remains the main hero of the brand and continues to be a top favourite among city riders.

On top of that, the newer TVS Orbiter is also picking up good numbers and helping the brand reach even more customers.

TVS is also reportedly looking at expanding its production capacity to keep up with the growing demand, and honestly, looking at these numbers, that makes complete sense!

#2 Bajaj Auto – 46,246 Units in March (Q4 Total: 97,498)

Bajaj Auto had a very interesting quarter.

Bajaj Auto experienced a steady start to the quarter, with 25,739 units sold in January and 25,513 units in February.

However, the brand saw a significant rise in March, recording 46,246 units, nearly doubling its previous monthly numbers.

That is a seriously impressive comeback.

The Bajaj Chetak family is doing the heavy lifting here, especially the newer Chetak C2501, which has made the brand more affordable and accessible to a wider set of buyers.

However, the brand saw a significant rise in March, recording 46,246 units, nearly doubling its previous monthly numbers.

Whether it is big cities or Tier-1 towns, the Chetak is finding good traction everywhere.

Bajaj comfortably holds the #2 spot and looks very well-placed going into the new financial year.

#3 Ather Energy – 35,688 Units in March (Q4 Total: 78,722)

Ather Energy had one of the most consistent quarters among all brands.

The company posted sales of 22,198 units in January and 20,836 units in February, followed by a strong increase to 35,688 units in March. With a total of 78,722 units for the quarter, Ather’s steady trajectory indicates healthy and sustainable demand in the premium electric scooter segment.

Unlike some others who had a slow start and then rushed in March, Ather kept growing steadily month after month, and that is a very healthy sign for any brand.

The Ather Rizta and the popular 450 series are clearly resonating well with buyers who want a premium electric scooter with great features.

Ather’s growing network of charging stations and showrooms across the country is also helping more and more people feel confident about making the switch.

March was their best month of the quarter, and the brand looks in great shape heading into FY27.

#4 Hero MotoCorp (Vida) – 21,434 Units in March (Q4 Total: 47,400)

Vida by Hero had what you could call a mixed but ultimately positive quarter.

Sales stood at 13,365 units in January and slightly declined to 12,601 units in February before rising to 21,434 units in March.

The total quarterly sales reached 47,400 units, reflecting a recovery in demand and growing acceptance of Vida’s offerings.

January and February were a little softer, but March brought a strong recovery that gave the quarter a good overall look.

The Vida VX2 continues to be the brand’s best-performing model and was the main reason behind the March jump.

Hero is also working on new variants and opening more showrooms, and with the kind of brand trust Hero has built over decades in the ICE segment, Vida has a real opportunity to become a major EV force.

The growth trajectory for Vida looks promising, and the best may still be ahead.

#5 Ola Electric – 10,117 Units in March (Q4 Total: 21,624)

Ola Electric’s Q4 story is one of recovery, but it is a recovery that still has a long way to go.

The company recorded 7,534 units in January, which dropped significantly to 3,973 units in February.

However, March brought a recovery with 10,117 units sold, taking the quarterly total to 21,624 units.

Models like the Ola S1 Pro and S1 X still carry strong brand recall, and many buyers know and recognise the Ola name.

But the overall Q4 numbers are significantly lower than the brand’s peak months, and that gap needs to be addressed seriously.

For Ola, rebuilding buyer confidence, strengthening its service network, and delivering a more consistent experience will be the key to regaining lost ground.

March gives some hope, but consistent performance over the coming months will be the real test. Know more about – Ola Electric’s Market Share Crash: From 39.5% to 5.87% in Just Two Years

#6 Greaves Electric Mobility – 7,965 Units in March (Q4 Total: 18,034)

Greaves Electric Mobility may not grab the headlines like the bigger names, but this brand has been quietly and consistently doing good work through Q4.

Month after month, the numbers kept growing, and March was their best month of the quarter.

The Greaves Nexus and other models in their lineup are particularly popular with buyers who are looking for a practical, no-fuss electric scooter at a reasonable price.

Regional markets especially seem to be responding well to what Greaves is offering.

With encouraging momentum building, Greaves looks well-positioned to grow further in FY 2026-27.

What These March Sales Data Are Telling Us

The most exciting thing about March 2026 is not just the numbers, but the pattern.

Every single major brand had its best month of the quarter in March.

That kind of uniform surge across the board tells us that the demand for electric two-wheelers in India is real, deep, and growing fast.

Here is a quick summary of what stood out this quarter:

• TVS Motor is leading from the front and showing no signs of slowing down
• Bajaj Auto had a slow start but finished the quarter in style
• Ather Energy was the most consistent performer of the quarter
• Vida by Hero showed a very encouraging recovery towards the end
• Ola Electric is still in recovery mode, but March gave some positive signals
• Greaves Electric is building steady momentum and deserves more attention

Overall, the monthly comparison clearly shows that March 2026 was the strongest month for all major players, with each brand recording its highest sales of the quarter.

This consistent upward trend across companies indicates growing consumer confidence and accelerating adoption of electric two-wheelers in India.

It is now a mainstream conversation, and with better products, better prices, and better availability across the country, FY 2026-27 is shaping up to be a very exciting year for all buyers and brands alike.

The electric revolution on Indian roads is well and truly underway. And going by March 2026, it is only going to get bigger from here.

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