Are you ready to witness India’s electric revolution in action? The numbers are in, and they’re electrifying! India’s EV sales have crossed the milestone of 20 lakh units in FY2025, marking a significant shift in the country’s automotive landscape.
In a groundbreaking achievement that has sent ripples through the automotive world, India registered sales of 20,26,184 electric vehicles during FY2025 (April 2024-March 2025), according to JMK Research. This represents a robust year-over-year growth of 15.31%, with an addition of 2,69,075 units compared to FY2024.
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The Electric Vehicle Breakdown: Who’s Leading the Charge?
Two-wheelers continue to be the backbone of India’s EV revolution, accounting for a dominant 59.38% of all electric vehicles sold in the country. With 12,03,223 units sold in FY2025, the segment witnessed an impressive growth of 18.76% compared to the previous fiscal year.
| Segment | Units Sold (FY2025) | Market Share | YoY Growth |
|---|---|---|---|
| Two-Wheelers | 12,03,223 | 59.38% | 18.76% |
| Three-Wheelers | 7,02,799 | 34.69% | 9.63% |
| Cars | 1,10,748 | 4.57% | 9.86% |
| Buses | 3,570 | 0.18% | -3.64% |
| Total | 20,26,184 | 100% | 15.31% |
Ola Electric maintained its leadership position in the two-wheeler segment with a 29.76% market share, followed by TVS Motor and Bajaj Auto. In the three-wheeler category, Mahindra Last Mile Mobility emerged as the leading brand with a 10.23% market share in passenger models.
Electric cars contributed just 4.57% to overall EV sales with 1,10,748 units but still registered a healthy 9.86% growth. Tata Motors continued to lead with a 53.10% market share, while MG Motor grew impressively to reach 28.17%.
The EV Transformation: From 2,344 to 20 Lakh in 11 Years
The journey of electric vehicles in India has been nothing short of remarkable. From a mere 2,344 units sold in FY2015, the market has expanded exponentially to over 20 lakh units in FY2025. This phenomenal growth has resulted in a cumulative 61,65,964 EVs on Indian roads.
To support this growing fleet, India now boasts 26,367 public charging stations nationwide, addressing one of the critical infrastructure challenges in EV adoption.
Government Policies Powering the EV Boom
The Indian government has been instrumental in accelerating EV adoption through various initiatives. The Union Budget 2025-2026 nearly doubled the automotive sector budget to ₹7,484.61 crores (US$ 859.24 million), demonstrating a firm commitment to electric mobility.
The PM E-Drive Scheme, which replaced the earlier FAME scheme, saw a massive 114% increase in allocation to ₹4,000 crores (US$460 million) specifically to boost EV charging infrastructure. Additionally, ₹140 crores is being invested to expand India’s charging network, with plans to have charging stations every 25 kilometers along highways.
Private players are also making significant contributions, with Tata Power already establishing over 4,500 charging stations across the country, and BPCL committing to installing around 7,000 EV charging stations by 2025.
The Road Ahead: Challenges and Opportunities
While the growth numbers are impressive, several challenges remain on the path to mass EV adoption in India, including battery technology improvements, further expansion of charging networks, addressing range anxiety, and achieving cost parity with conventional vehicles.
However, the opportunities are equally compelling. India has the potential to become a global manufacturing hub for EVs and components, generating numerous jobs across the ecosystem while reducing emissions and enhancing energy security through lesser dependence on imported fossil fuels.
Conclusion: Electrifying India’s Automotive Future
The milestone of 20 lakh EVs sold in FY2025 represents a significant shift in India’s automotive landscape. As the country progresses toward its goal of carbon neutrality by 2070, the electrification of transportation will play a pivotal role.
With continued government support, private sector innovation, and growing consumer acceptance, India’s EV market is poised for sustained growth in the coming years. The journey from 2,344 units in FY2015 to over 20 lakh in FY2025 is just the beginning of what promises to be an electrifying transformation of India’s mobility sector.
