Electric Vehicle Retail Sales Rise Sharply in October: Passenger EVs Up 57%

Electric vehicle (EV) adoption in India continued to accelerate in October as retail registrations across key segments recorded year-on-year growth. 

According to data from the Federation of Automobile Dealers Associations (FADA), the passenger EV segment saw the highest jump, while two-wheelers, three-wheelers, and commercial EVs also registered positive momentum.

Passenger EV Sales See Strong 57% YoY Growth

Retail sales of electric passenger vehicles rose to 18,055 units in October, up from 11,464 units during the same month last year a 57% increase.

Market Leaders

• Tata Motors maintained its leadership position with 7,239 units, reflecting a 10% year-on-year rise.
• MG Motor India recorded 4,549 units, registering 63% growth compared to last year.
• Mahindra & Mahindra climbed to the third spot with 3,911 units, a significant increase from 955 units in October 2024.

Other key contributors included:

• Kia – 656 units
• BYD – 570 units

This surge highlights widening consumer acceptance and expanding product options in the electric passenger car market.

Electric Two-Wheelers Register Steady Growth

The electric two-wheeler category reported 1,43,887 units in retail sales in October, marking a modest 3% increase from 1,40,225 units last year.

Segment Performance

• Bajaj Auto led the pack with 31,426 units.
• TVS Motor followed closely with 29,515 units.
• Ather Energy recorded 28,101 units, continuing its consistent performance.
• Ola Electric registered 16,036 units.
• Hero MotoCorp and Greaves Electric Mobility logged 15,952 and 7,629 units, respectively.

The two-wheeler segment remains the largest contributor to India’s EV penetration, though growth in October was moderate compared to other categories.

Electric Three-Wheeler Market Inches Upward

Electric three-wheeler sales rose 5% year-on-year, with 70,604 units registered in October. This segment continues to play a crucial role in last-mile mobility and urban transportation, with steady demand from fleet operators and commercial users.

Commercial EVs Record the Fastest Growth

The commercial EV segment saw the most dramatic rise, with retail sales more than doubling to 1,767 units last month compared to October 2024. Increased interest in electric cargo vehicles and supportive state policies have contributed to this upward trend.

Read More: Warranty Cost Of EV Companies: How Much Of Ola Electric & Ather’s Revenue Goes To Warranties?

Conclusion

October’s numbers underline the growing momentum of EV adoption across India. Passenger EVs led the surge with robust double-digit growth, while two-wheelers, three-wheelers, and commercial EVs also moved upward.

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