TL;DR
India's electric passenger vehicle market grew by 83.63% in FY2026, with Tata Motors leading while JSW MG Motor India and Mahindra & Mahindra showed significant gains.
India's electric passenger vehicle (EPV) segment experienced its strongest performance to date in Financial Year 2026, with total retail registrations soaring by 83.63% year-on-year, reaching 1,99,923 units, up from 1,08,873 units in FY2025. This significant growth, reported by the Federation of Automobile Dealers Associations (FADA), indicates a rapid expansion of the EPV market's share within the overall passenger vehicle sector.
Tata Motors Passenger Vehicles maintained its leadership, selling 78,811 units and growing by 35.90% in FY2026. However, its dominance is increasingly challenged by other players. JSW MG Motor India secured the second position with 53,089 units, demonstrating a robust 73.67% year-on-year growth. Mahindra & Mahindra was a standout performer, achieving a staggering 407.01% growth to reach 42,721 units, largely due to the strong market reception of its new electric SUV lineup.
