Amid concentrated leadership and regional hotspots, EV sales in India edged down slightly in September 2025 from August, yet cargo E3Ws and electric cars surged.
In September 2025, India’s electric vehicle (EV) market sold 181,760 units according to a report by JMK Research & Analytics. This number is slightly down from 186,678 units in August 2025 (almost 2.6% month-on-month) but up from 159,425 units in September 2024 (~14% year-on-year).
Regionally, Uttar Pradesh topped EV registrations with 29,436 units, constituting almost 16 percent of the total, followed by Maharashtra with 19,760 units, representing 11 percent, and Karnataka with 17,391 units, accounting for 10 percent.
Among the segments, high-speed electric two-wheelers (HS E2Ws) accounted for 104,056 units, reflecting a marginal 0.24% MoM decline. Citing Vahan Dashboard data, the report highlighted that the top three manufacturers dominated, securing ~58% of the segment. TVS led the market with a share of around 22% followed by Bajaj Auto with a market share ~19% while Ola Electric slipped to the fourth position, with a market share of 12.85%.
Passenger electric three-wheelers (E3Ws) stood at 52,564 units, down ~4% MoM and ~6.6% YoY, with the top eight players holding almost 45% market share. Cargo E3Ws posted 8,465 units, a small 1% MoM dip but a strong 28% YoY rise, with leading eight companies sharing approximately 36% of the market.
Meanwhile, e-cars registered 15,048 units, down 13% MoM but surging 160% YoY, led by Tata Motors with almost 40% market share. E-buses totalled 346 units, declining 12% MoM and 13% YoY, with Olectra Greentech leading at 41%, followed by PMI Electro at 24.57%.
Overall, while passenger two- and three-wheeler sales saw modest dips, cargo E3Ws and electric cars continued their upward momentum in September 2025. The report stated that notably, a handful of key players continue to dominate across most segments, underscoring the concentrated nature of market leadership.
