1 month ago
1
In 2025-26 (FY26), full Electric Vehicle (EV) retail income crossed Two-Wheelers, Three-Wheelers, Passenger Vehicles, and Commercial Vehicles stood astatine astir 24.52 lakh units, increasing astir 24.6% YoY — with each class delivering beardown double-digit growth, according to information released by the Federation of Automobile Dealers Association (FADA) connected Tuesday.
Electric Passenger Vehicles retail income surged 83.63% YoY to interaction 1,99,923 units portion Electric Commercial Vehicles much than doubled to 19 454 units up 120.57% to 19,454 units, with conception stock astir doubling.
In rider vehicles, marketplace person Tata Motors Passenger Vehicles Ltd. clocked retail income of 78,811 units, up 36% YoY, JSW MG Motor Ltd. became the second-largest subordinate successful this conception by retailing 53,089 units, up 74% portion Mahindra & Mahindra retailed 42,721 units, up 407% YoY.
Hyundai Motor India and BYD India retailed 5,885 and 5,361 units increasing 138% and 54% respectively.
KIA India and BMW India registered 794% and 124% YoY maturation respectively by retailing 3,738 and 3,537 units during the year.
While Vinfast astatine 2,390 units and Maruti Suzuki astatine 1,426 units opened their relationship during the twelvemonth the car companies which reported de maturation included Mercedes-Benz India, down 10%, Stellantis Automobiles down 71% and Volvo down 5%.
Tesla debuted during the twelvemonth by registering retail income of 342 units.
Other players putting unneurotic sold 628 units increasing 77% YoY arsenic per information released by FADA.
In the electrical commercialized vehicles segment, Tata Motors remained marketplace person by retailing 6,023 units up 40% YoY.
Electric Two-Wheelers crossed 14 lakh units (21.81%), with EV stock rising to 6.5% and March’26 unsocial clocking a grounds 9.79% monthly share.
In this segment, the apical 3 players were TVS Motor up 44%, Bajaj Auto up 25% and Ather Energy up 82%. At fig 4, Ola Electric de-grew implicit 52% YoY.
Electric Three-Wheelers astatine 8.30 lakh units grew 18.87% YoY cementing a ascendant 60.9% conception share. Six successful 10 Three-Wheelers sold during the fiscal twelvemonth were electric.
Mahindra radical remained the marketplace person successful this conception by signaling a maturation of 46%. While Bajaj grew 76%, TVS fell 18% YoY.
“FY’26 has been a watershed twelvemonth for India’s electrical mobility story,” said C. S. Vigneshwar, President, FADA.
“This is not conscionable an automobile manufacture accomplishment — it is simply a testament to India’s quality to pb a mass-market vigor transition, from the last-mile auto-rickshaw to the household car. This shows that the structural momentum down India’s EV travel remains firmly intact,” helium said.
