India’s electric-car scene is hitting warp speed. According to a recent report, retail sales of electric passenger vehicles reached 91,726 units between April and September 2025, more than doubling the 44,172 units sold during the same period last year. That’s a 108% year-on-year jump, taking EVs’ share of total passenger vehicle sales from 2.6% to around 5%. Fun fact: that six-month tally already accounts for about 86% of FY2025’s full-year figure – talk about a glow-up!
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India’s EV Sales Surge: What You Need to Know
Growth was steady through August, peaking at 18,369 units, before a slight dip in September to 15,771 vehicles. Analysts blame India’s recent GST cuts for petrol and hybrid cars for the slowdown, which widened the price gap between ICE/hybrid models and EVs. EVs still enjoy a super-low 5% GST, but even Gen-Z loves a good deal – and the cheaper hybrids made some potential buyers flinch.
Competition is heating up too. Tata Motors sold 34,586 EVs in the first half of FY26 – a 23% gain – but its market share shrank from 64% to 40% as rivals muscled in. JSW MG Motor India rocketed from 8,329 units last year to 26,640 this year, while Mahindra’s BE 6 and XEV 9e helped it quadruple its share beyond 20%. Even BMW is flexing: luxury EV sales jumped 139%, and the Bavarian brand captured 64% of that segment.
Two- and three-wheeler EVs are also popping off, with September registrations of ~104k and ~61k respectively. Overall, India logged 1.1 million EV registrations across all vehicle types in the first half of FY26, up from 895k a year ago. It shows that EV enthusiasm isn’t just a flash in the pan – but sustaining momentum will require more charging infrastructure, flexible financing and consumer education.
Looking ahead, analysts predict total EV sales could hit about 175k units by March 2026. For our Indian EV fam, that means more models to choose from, more charging stations, and, hopefully, better deals. To see how innovative financing is shaping this landscape, check out our article on the VinFast–YES BANK partnership, which shows how financial muscle is pushing new EV brands into the mainstream.
