TVS Dominates Electric Two-Wheeler Market, iQube and Orbiter Drive Record Sales

• India's electric two-wheeler segment saw a record 190,941 units sold in March 2026, a 70% MoM increase.
• TVS Motor secured the top spot with 49,453 units sold, driven by iQube and the new Orbiter model, and a new Battery-as-a-Service (BaaS) model.
• Bajaj Auto ranked second with 46,246 units, while Ather Energy came in third with 35,688 units, boosted by its Rizta family scooter.
• Hero Vida achieved 70% monthly growth, selling 21,434 units, establishing its position in the top-4.
• Ola Electric, despite 154% monthly growth, ranked fifth with 10,117 units, showing a rebound after an aggressive push.

Key Questions Answered

What new models can we expect from top EV brands?

New electric vehicle models expected include the Tata Sierra EV in April-June 2026, the VinFast VF3, Honda Zero Alpha EV, and Kia Syros EV.

How will PM E-Drive subsidy extension impact future sales?

The extension of the PM E-Drive subsidy for electric two- and three-wheelers until March 31, 2028, aims to provide assurance to manufacturers and buyers.