TL;DR
India's EV market showed strong growth in October, with passenger EV sales up 57% and commercial EVs more than doubling, reflecting increasing adoption across segments.
India's electric vehicle (EV) market sustained its upward trajectory in October, with retail registrations across key segments showing notable year-on-year growth. Data from the Federation of Automobile Dealers Associations (FADA) indicates that the passenger EV segment saw the most significant increase, while electric two-wheelers, three-wheelers, and commercial EVs also registered positive momentum.
Retail sales of electric passenger vehicles surged to 18,055 units in October, marking a 57% increase compared to the 11,464 units sold in the same month last year. Tata Motors maintained its leading position with 7,239 units, reflecting a 10% year-on-year rise. MG Motor India also demonstrated strong performance with 4,549 units and a 63% growth. The commercial EV segment recorded the fastest growth, with retail sales more than doubling compared to October 2024, driven by increasing interest in electric cargo vehicles and supportive state policies.
The electric two-wheeler category reported 143,887 units in retail sales for October, a modest 3% increase from the previous year. Bajaj Auto led this segment with 31,426 units, followed by TVS Motor and Ather Energy. These figures highlight expanding consumer acceptance and a broader range of product options in the Indian electric vehicle market.
