TL;DR
India's electric passenger vehicle retail sales grew by 54.75% in January 2026, driven by increasing demand and competitive offerings from leaders like Tata Motors and rapidly growing Mahindra.
The Indian electric vehicle (EV) retail market demonstrated significant momentum in January 2026, particularly in the electric passenger vehicle (PV) segment. Retail sales of electric passenger vehicles surged by 54.75 percent year-on-year, reaching 18,470 units, compared to 11,935 units in January 2025. This impressive growth indicates that EV adoption is increasingly driven by demand rather than solely by subsidies, supported by better vehicle availability and competitive pricing.
Tata Motors Passenger Vehicles maintained its leadership, selling 8,007 electric cars in January, a 50.7 percent increase from the previous year. JSW MG Motor India secured the second position with 4,703 units, showing a 3.8 percent rise. Mahindra & Mahindra experienced a substantial leap in electric PV sales, increasing from 740 units in January 2025 to 3,668 units in January 2026. Kia India and BMW India also recorded higher electric PV sales compared to the previous year, while VinFast Auto India made a significant entry, registering strong initial retail sales.
