Electric Scooter Sales March 2026: TVS Tops Market as EV Demand Surges 70%
India’s electric two-wheeler segment created history in March 2026, recording massive growth and setting a new monthly sales record. Total EV scooter sales reached 1,90,941 units, marking a sharp 70% month-on-month (MoM) growth compared to February 2026.
This surge highlights the rapidly growing demand for electric mobility in India, driven by rising fuel prices, government subsidies, and improved product offerings.
Top EV Companies Performance
TVS Motor Company Leads the Market
TVS Motor secured the number one position in March with 49,453 units sold, registering a 55% growth over February.
- Popular models like the iQube and new Orbiter gained strong traction
- Introduction of Battery-as-a-Service (BaaS) made EVs more affordable
Bajaj Auto at Second Position
Bajaj Auto followed closely with 46,246 units, showing an impressive 81% monthly growth.
- Bajaj Chetak Electric remained a strong performer
- Affordable variants like C2501 helped attract more buyers
- Competitive pricing near ICE scooters boosted demand
Ather Energy Sees Strong Growth
Ather Energy ranked third with 35,688 units sold, up 71% from February.
- Ather Rizta became highly popular
- Focus on family-oriented and affordable scooters paid off
Hero MotoCorp’s Vida Expands Rapidly
Hero’s EV brand Vida recorded 21,434 units, achieving 70% growth.
- Rapid network expansion
- Strong positioning in the affordable EV segment
Ola Electric Makes a Comeback
Ola Electric secured the fifth spot with 10,117 units, registering a massive 154% growth.
- Aggressive end-of-month sales push
- Improved deliveries helped regain momentum
Market Highlights
- Top 4 companies (TVS, Bajaj, Ather, Vida) accounted for 80% of total sales
- Top 10 players captured 95% market share
- Daily average sales reached 6,159 units
- YoY growth stood at 45% compared to March 2025
Why EV Sales Are Rising Fast?
Several key factors drove this massive growth:
- Government support like PM E-Drive subsidy (extended till July 2026)
- Festive demand during Gudi Padwa and Ugadi
- Rising petrol prices pushing consumers toward EVs
- Shift from ICE vehicles to electric mobility
- Better financing options and expanding charging infrastructure
Future Outlook
The EV two-wheeler segment crossed 1.4 million units in FY2026, showing a 17% annual growth. With continuous improvements in technology, affordability, and infrastructure, the segment is expected to grow even faster.
Electric scooters are now becoming a mainstream choice for Indian buyers, playing a key role in the country’s transition toward eco-friendly transportation.
