India’s Electric Vehicle Market Sees Rapid Growth, Sales Jump 24 Percent Last Financial Year
The EV market in India recorded nearly 2.45 million units sold last financial year, reflecting strong double-digit growth across all categories and rising adoption in tier two and tier three cities.
India’s electric vehicle sector is accelerating at an impressive pace, with total sales reaching approximately 2.45 million units in the last financial year. This marks a growth of around 24.6 percent compared to the previous year, driven by increasing adoption across two-wheelers, three-wheelers, passenger vehicles, and commercial EVs.
According to the Federation of Automobile Dealers Associations, electric two-wheelers accounted for the largest share of the market, with over 1.4 million units sold. Electric passenger vehicles saw particularly strong growth, with sales crossing 199,900 units, a surge of more than 83 percent from the previous financial year. Tata Motors led this segment with 78,811 units sold, followed by MG Motor with 53,089 units. MG Motor’s Windsor EV has been especially popular outside metropolitan areas, with nearly 70 percent of its sales coming from non-metro cities.
In the two-wheeler segment, TVS Motor emerged as the market leader, selling around 341,500 units, while Bajaj Auto’s Chetak electric scooter secured second place with nearly 289,350 units sold. Ather Energy ranked third in this growing segment. Notably, TVS Motor became only the second company after Ola Electric to cross the three lakh unit mark in annual sales, highlighting the shift of traditional petrol two-wheeler manufacturers toward electric mobility.
The electric vehicle market is seeing robust double-digit growth across every category, signaling a strong shift toward sustainable transportation. Industry trends indicate not only increased sales in metro cities but also a growing demand in smaller towns and tier two markets, reflecting wider acceptance and infrastructure improvements.
With this momentum, EV adoption in India is expected to continue rising, supported by competitive offerings from both legacy automakers and new entrants, along with expanding charging networks and favorable government incentives. The surge in sales underscores a significant transformation in India’s mobility landscape, with electric vehicles gradually becoming a mainstream choice for consumers.
