TVS Motor Leads India's Electric Two-Wheeler Market as Competition Intensifies

In February 2026, TVS Motor led India's electric two-wheeler market with a 28.9% share, supported by steady demand for its iQube scooter. Bajaj Auto and Ather Energy followed with 22.7% and 18.5% shares respectively, while Ola Electric slipped to seventh place with 3.7%. The market is expanding rapidly, with legacy manufacturers leveraging scale, pricing, and dealer networks to challenge early movers like Ather, which maintains regional strength but faces national competition.