The electric vehicle industry witnessed remarkable growth in the first month of 2026.
Reliability is the new trend. The latest VAHAN registration data for January 2026 shows a significant shift in the market leadership, with TVS electric scooters now dominating 60% of the market share.
January 2026 Leaderboard
| Rank | Brand | Units Sold |
| 1 | TVS Motor | 34,428 |
| 2 | Bajaj Auto | 25,505 |
| 3 | Ather Energy | 21,915 |
| 4 | Hero Vida | 13,273 |
| 5 | Ola Electric | 7,511 |
| 6 | Ampere | 5,336 |
TVS & Bajaj: New Market Leaders
TVS Motor has started the year with strong sales, selling 34,428 units. The company’s battery safety strategy and extensive network have made this success possible. The iQube is India’s most trusted EV scooter. In addition, Bajaj Auto is in second place with 25,505 units, presenting the Chetak as a “solid metal” scooter and a significant attraction for Indian families.
Mid-segment:
With sales of 21,915 units, Ather Energy’s Rizta continues its remarkable success story. Rizta has successfully transitioned from a “technology startup” to a “mass market” player.
Similarly, Hero MotoCorp’s Vida has also maintained its sales momentum, selling 13,273 units, leveraging the brand’s strong presence in tier-two and tier-three cities.
Ola Crisis
The biggest shock this month concerns Ola Electric, whose sales have plummeted to just 7,511 units. This company, which once held a 40% market share, is now struggling to remain in the top 5. Service-related complaints and consumers’ increasing preference for established brands have taken a heavy toll.
Conclusion
The January figures confirm that the electric vehicle market is growing. The competition is about providing the most reliable hardware and service, not about software and flashy appearances. Companies like TVS and Ampere are catering to consumers’ “safety first” approach.