Electric 2W Sales in January 2026: TVS Clinches 1st Spot with 34,440 Units Sold, While River Mobility Surpassed BGauss Auto

India’s electric two‑wheeler market has kicked off 2026 with a dramatic competitive result at the top. The latest Vahan data for January 2026 shows established ICE brands tightening their grip on the EV space, even as a few pure‑play start‑ups post eye‑catching growth, sharp declines, and everything in between. The numbers tell a story of rapid consolidation and intense competition.

At the same time, the list of top 10 OEMs highlights how quickly fortunes can change in the EV ecosystem. Some brands have ridden new product launches and expanded retail networks to strong double‑ and even triple‑digit growth, while others are recalibrating after an aggressive surge in previous years.

Top 10 Electric Two-Wheeler OEM Sales in January 2026

January 2026 has recorded around 1,111 e-scooters of TVS sold across the nation each day. The company is now emerging as the leader of the electric two-wheeler sales in the Indian automotive market. Some brands did not experience changes in their market sales. However, River mobility saw a slight surge in sales figures, surpassing BGauss Auto compared to the December 2025 sales results.

1. TVS Motors​

TVS Motor has emerged as the clear leader among electric two‑wheeler OEMs in January 2026, topping the chart with 34,440 units. This marks a robust 43% Y-o-Y jump over the 24,027 units recorded in January 2025, underlining the company’s growing strength in the premium and mass EV scooter segments.

These sales were led by the TVS iQube in the Indian automotive market. TSV iQube and TVS Orbiter have helped increase sales figures for the month of January 2026. Strong word‑of‑mouth for its electric offerings and better charging ecosystem awareness in urban pockets are likely playing a key role in this performance.

2. Bajaj Auto​

Bajaj Auto has been positioned at a solid second place with 25,520 electric two-wheelers registered in January 2026. Compared to 21,470 units in the year‑ago period, the brand has achieved a healthy 19% growth, signalling steady acceptance of its EV portfolio among urban commuters.

The 2026 Chetak demonstrates that Bajaj’s strategy clearly leans on long-term sustainability rather than rapid spikes. To give the market a competitive look, Bajaj has recently launched the new generation of Chetak C2501, powered by a 2.5 kWh battery that claims an estimated range of about 113 km.

3. Ather Energy​

Ather Energy continues to be one of the most dynamic players as a manufacturer, securing the third spot with 21,923 units in January 2026. This represents a sharp 67% Y-o-Y increase over 13,097 units in January 2025, underlining strong demand for its performance‑oriented, tech‑rich electric scooters.

The maximum sales margin was achieved by the premium Ather e-scooters, such as Ather Rizta and the Ather 450 X. Focusing on premium urban buyers seems to be paying off, with many customers attracted by features such as connected tech, fast charging, and engaging riding dynamics.

4. Hero MotoCorp​

Hero MotoCorp delivered one of the most dramatic growth stories in January 2026, taking fourth place with 13,274 electric two‑wheelers. Against a base of just 1,626 units in January 2025, this translates into a staggering 716% Y-o-Y growth, reflecting a rapid scaling‑up of its EV operations.

The brand has recently expanded its VX2 lineup under the VIDA portfolio. The VX2 variants now come with the VX2 Go, with a 2.2 kWh battery pack. Then comes the VX2 Plus. The brand recently launched the all-new Dirt-E K3 electric bike for young riders aged from 4 to 10 years old.

5. Ola Electric​

In sharp contrast to its early-mover dominance, Ola Electric has posted a steep decline in January 2026. The company ranks fifth with 7,512 units, a dramatic 69% drop from 24,413 units in January 2025, making it one of the biggest Y-o-Y losers on the list. The electric brand has S1 scooters and the Roadster X motorcycles under the portfolio.

Also Read: Electric Two-Wheeler Sales, December 2025: TVS Tops The Chart, Ola Surprised with Surge in Sales

6. Greaves Electric/Ampere​

Greaves Electric occupies the sixth position with 5,335 units in January 2026, up from 3,613 units in January 2025. The 48% YoY growth indicates a stable and improving performance, especially in the value‑driven end of the market, where practicality and affordability remain key purchase triggers.

The brand currently has 5 models across the portfolio, such as Nexus, Magnus Neo, Magnus Grand, and the Reo 80 Li/Plus. The latest model was the Magnus G Max, which was launched on January 19, 2026, at an introductory price of Rs 94,999 in India.

7. River Mobility​

River Mobility, still a relatively young player, has delivered a strong showing in January 2026 with 2,574 registrations. This is more than a fourfold jump over the 611 units recorded a year earlier, translating into an impressive 321% Y-o-Y growth. The brand has only one e-scooter under the portfolio entitled River Indie. 

Such a steep rise points to growing awareness of the brand’s distinctive, lifestyle‑oriented EV positioning. By targeting buyers who seek a blend of practicality and individuality, River Mobility is carving out a niche of its own, even as it competes with much larger and better‑known rivals.

8. Bgauss Auto​

Bgauss Auto secures the eighth spot with 2,475 units in January 2026, significantly higher than the 1,451 units it clocked in January 2025. The resulting 71% Y-o-Y growth underscores a positive trajectory for the brand in the increasingly crowded EV scooter market.

Bgauss appears to be benefitting from a portfolio that balances everyday usability with stylish design and competitive pricing, such as the BGauss RUV350 and the BGauss C12i. As customer familiarity grows and network expansion continues, the company is well‑placed to strengthen its foothold, particularly in tier‑2 and tier‑3 cities where buyers are warming up to electric options.

9. E‑Sprinto Green Energy​

One of the most striking performances in the January 2026 rankings comes from E‑Sprinto Green Energy. The company jumps into ninth place with 2,033 units, an astonishing leap from just 125 units in January 2025, representing a massive 1,526% Y-o-Y growth.

This surge from a very low base indicates that E‑Sprinto’s recent product and distribution push is starting to reflect meaningfully in Vahan registrations.

10. Pur Energy​

Pur Energy rounds off the top‑10 list with 685 units in January 2026. This is sharply lower than the 1,651 units registered a year earlier, translating into a 59% Y-o-Y decline and placing the brand among those facing a challenging transition phase.

The contraction suggests that Pur Energy may be reassessing its product portfolio, pricing, or network strategy in the face of stiffer competition and changing market expectations.

Market Outlook

Established full-line two-wheeler manufacturers like TVS Motor, Bajaj Auto, and Hero MotoCorp have firmly entered the top ten in the electric vehicle (EV) market. This shift indicates that the transition from internal combustion engines (ICE) to electric vehicles is no longer a secondary consideration but a primary business focus.

At the same time, specialist EV players like Ather Energy, River Mobility, Bgauss Auto, and E‑Sprinto Green Energy are demonstrating that there is ample room for innovation‑driven brands to thrive.

CarBike360 Says

Looking ahead, the January 2026 numbers set the tone for what promises to be an intensely competitive year in the electric two‑wheeler segment. Policy clarity, evolving state‑level incentives, and a growing focus on charging infrastructure will all play crucial roles in determining how these rankings shift in the quarters to come.