EV Sales Double in H1 FY26: India Reaches 92,000 Units Nearly

India’s EV sales doubled in FY26 to 91,726 units. Tata, MG, and BMW lead as Maruti and Hyundai prepare to join

India's electric vehicle market is growing at a rapid pace. In just six months of FY26 (April to September 2025), electric passenger vehicle sales reached 91,726 units. This is nearly the same number sold in the entire previous year. Compared to 44,000 EVs sold in the first half of FY25, the growth is 108 percent. This means the market has more than doubled in just one year. Electric vehicles now make up close to 5 percent of India's overall passenger vehicle market, up from 2.6 percent last year

Tata Motors is leading the electric vehicle market in India. The company reported a 59 percent year-on-year jump in Q2 FY26, selling close to 25,000 EVs during that quarter. By the end of September, zero-emission vehicles formed nearly 17 percent of Tata's passenger vehicle volumes. This is a number no other mainstream manufacturer in the country has matched. Tata's success comes from the good reception of the Nexon EV, Punch EV, and Tiago EV models. The company's retail performance during the festive period also saw a 37 percent surge

JSW MG Motor is also making a strong impact in the EV market. Its Windsor EV, launched just last year, has already crossed the 50,000 sales mark. This makes it one of the fastest-selling electric SUVs in India. The company says EVs make up 80 percent of its total sales today. JSW MG has ambitions to grow EV penetration to 7 percent of India's car market by the end of 2025. The company believes electrics and hybrids together could command around 30 percent of the country's passenger vehicle sales within ten years

Luxury car makers are also seeing their electric lineups turn into serious volume contributors. BMW India's EV sales jumped 246 percent year-on-year with 2,509 electric BMWs and Minis recorded between January and September 2025. The iX1 long-wheelbase has emerged as its best-selling model. EVs now contribute about 21 percent to BMW's total sales, and the company expects to push this beyond 30 percent by the end of the decade. Mercedes-Benz recorded its strongest ever quarter for EVs led by the EQS SUV. Electric models are nearly 8 percent of its portfolio, registering a 10 percent growth in Q2

Traditional heavyweights Maruti Suzuki and Hyundai are now preparing to step into the electric vehicle market. Maruti Suzuki has exported more than 6,000 units of the e Vitara to several global markets, and its local launch is expected in the coming months. Hyundai's upcoming locally-made compact SUV will sit below the Creta Electric. These new entrants will add more competition and choice for Indian buyers.

EV manufacturer performance:

Analysis 

H1 FY26 saw a doubling of EV sales in India, there are several reasons for this. First, more models are available at different price points so more buyers can buy EVs. Second, government policies and incentives are reducing the cost of electric vehicles. Third, charging infrastructure is improving slowly so range anxiety is reducing for buyers. Fourth, fuel prices and environmental awareness is pushing consumers towards electric options

Tata Motors dominance shows that established players with strong distribution networks can capture the EV market quickly. The company’s strategy of offering EVs across segments (from Tiago EV to Nexon EV) has worked well. JSW MG Motor’s focus on a single model (Windsor EV) shows that a well designed affordable EV can do high volumes. Luxury brands like BMW and Mercedes-Benz are successful so premium buyers are ready to switch to electric vehicles. Maruti Suzuki and Hyundai’s entry will increase competition and will accelerate the market growth. By 2030 EVs can capture 15-20% of India’s passenger vehicle market making it one of the fastest growing EV market globally