India’s EV Retail Sales Rise 24.6% to 24.52 Lakh Units in FY26 Across All Segments

India’s electric vehicle market recorded strong growth in FY26, reflecting increasing adoption across multiple vehicle categories.  

The latest retail data indicates that the transition towards electric mobility continues to gain pace across segments. 

Overall Growth and Market Performance 

As per FADA data, Total electric vehicle retail sales in India reached 24.52 lakh units in FY26, marking a year-on-year increase of 24.6%.  

Growth was seen across all major segments, with each category registering double-digit expansion during the year. 

Describing the performance, FADA President CS Vigneshwar termed FY26 a “watershed year” for India’s EV ecosystem, highlighting broad-based momentum across the industry. 

Segment-Wise Performance Trends 

Electric 2-wheelers remained the largest contributor to overall volumes, with sales crossing 14,01,818 units in FY26, up 21.81% from 11,50,790 units in FY25. TVS Motor Company led the segment with 3,41,513 units, followed by Bajaj Auto at 2,89,349 units and Ather Energy at 2,39,178 units. 

In the passenger vehicle segment, EV sales stood at 1,99,923 units, just below the 2 lakh mark, but recorded a sharp growth of 83.63% compared to 1,08,873 units in the previous year. 

Tata Motors Passenger Vehicles led with 78,811 units, followed by JSW MG Motor India with 53,089 units and Mahindra & Mahindra with 42,721 units. 

Electric 3-wheelers also witnessed steady growth, with sales rising 18.97% to 8,30,819 units from 6,98,914 units in FY25. Meanwhile, the electric commercial vehicle segment recorded the fastest growth, with volumes increasing 120.57% to 19,454 units from 8,820 units in the previous year. 

Read More: JSW MG Motor India EV Sales Rise 66% to 62,591 Units in FY26 Driven by Windsor! 

Conclusion 

With consistent growth across categories and increasing participation from manufacturers, India’s EV market continues to expand, indicating a steady shift towards electrified mobility.

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