Ola got a shock, Greaves won with cheap electric scooter, the whole game changed in February

Greaves Electric Mobility: The electric two-wheeler market has seen a major upheaval in February 2026. While Ola Electric was dominating the market for a long time, this time Greaves Electric Mobility performed brilliantly and took the fifth position in terms of sales. According to the data, in February 2026, Greaves sold a total of 4,478 electric scooters, while Ola Electric could sell only 3,891 units. In this way, Greaves left Ola behind in a direct fight.

February 2026: Weakest month for Ola

Although Ola is still ahead in total sales for the entire year, February 2026 proved to be its weakest month in the last four years. On the other hand, demand for Greaves Electric has increased rapidly. In the first two months of 2026, the company’s sales have increased by 33 percent as compared to last year. This indicates that customers are now turning to reliable and affordable options.

Top 5 e-two wheeler companies of the country

At present, companies like TVS Motor Company, Bajaj Auto, Ather Energy, Hero Vida and GEM are playing a major role in the electric two-wheeler segment in India. Greaves Electric is also rapidly gaining a strong hold in this list. The company has made a strong comeback after the recession of 2024 and has set a target of selling 2,75,000 units by the end of March.

New plans: Big step from petrol to electric

To maintain his momentum, Greaves has also prepared a strategy for the future. The company will launch its new sixth generation electric scooter in 2027. It will be specially designed keeping in mind those customers who are currently driving petrol scooters priced below Rs 1 lakh.

At present the company has options in different budgets. The cheapest model is Reo 80, whose price is said to be around ₹ 59,900. Ampere Nexus is available in the premium segment, which costs around ₹ 1,19,900.

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Changing market, changing preferences

It is clear that customers are now giving priority not just to brand name but to price, trust and value for money. This lead of Greaves Electric shows that there may be even bigger competition in the electric market in the coming months.