TL;DR
India's EV market surpassed 2.5 million annual sales in FY26, with electric two-wheelers dominating the growth and Tata Motors leading the electric car segment.
India's electric vehicle (EV) market achieved a significant milestone in FY2026, with annual sales surpassing 2.5 million units. This robust growth was largely propelled by the electric two-wheeler (E2W) segment, which accounted for a dominant 57.8% of total EV sales, indicating strong consumer adoption in this category.
The cumulative EV sales in India reached over 8.68 million units by the end of FY2026. Registered E2W volumes increased by approximately 21% year-on-year, while passenger and cargo electric three-wheeler sales collectively rose by about 19% compared to FY2025. Electric car sales also witnessed substantial growth, rising by 86% year-on-year, with Tata Motors maintaining a leading market share of 39%, followed by MG Motor India at 27%. This overall surge in sales highlights increasing competition and strong demand across various EV segments in the country.
