New launches, rising competition and changing buyer behaviour are quietly reshaping the auto industry.
India’s electric passenger vehicle (PV) market recorded 196,754 units in FY26, marking an 82% year-on-year growth from 108,336 units in FY25 and 90,998 units in FY24. The sharp rise highlights accelerating adoption as electric mobility gains mainstream acceptance.
The market expanded alongside a surge in product availability, with nearly 64 electric car models across 25 brands now available in India, widening options across multiple price segments.
Tata Motors retained its leadership position with 77,247 units sold during FY26. JSW MG Motor India followed with 52,494 units, while Mahindra & Mahindra emerged as a strong challenger, reporting 42,255 units.
Other automakers also strengthened their presence. Hyundai Motor India sold 5,823 units, BYD reported 5,335 units, Kia India recorded 3,710 units, and BMW India delivered 3,495 units. Other manufacturers together contributed 6,395 units.
Growth during the year was driven by improved driving range, better product quality and rising consumer confidence, particularly for second-car ownership and fleet usage.
Several new launches supported demand expansion, including Mahindra’s BE 6 and XEV 9e, Tata Motors’ Harrier EV and updated Punch EV, BYD’s Sealion 7, and Kia India’s Carens Clavis EV. Vietnamese automaker VinFast also entered the market with the VF6 and VF7.
Industry executives expect further growth with the upcoming entry of Maruti Suzuki India Limited into the electric passenger vehicle segment, although charging infrastructure remains a key constraint for wider adoption.
