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India's EV Sales Soar: Tata Leads as VinFast, Maruti Disrupt Market
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Firstpost•02-10-2026, 12:56
India's EV Sales Soar: Tata Leads as VinFast, Maruti Disrupt Market
- •India's electric passenger vehicle registrations nearly doubled in September, rising 95% year-on-year to 34,894 units.
- •Tata Motors maintained its market leadership with a 42.2% share in September, while Mahindra followed with 22.2%.
- •New entrants VinFast and Maruti Suzuki are rapidly gaining ground, capturing 8.5% and 3.1% market shares respectively in September.
- •Increased competition is impacting established players like JSW MG Motor and BYD, whose market shares declined despite sales growth.
- •The EV market's growth is fueled by more models, improved charging infrastructure, higher fuel costs, and government support like the PM E-DRIVE scheme.
Key Questions Answered
Electric passenger vehicle registrations in India rose 95 percent year on year to 34,894 units in September 2026, compared to 17,924 units a year earlier. Electric cars accounted for 8.2 percent of total passenger vehicle registrations during the month.
Tata Motors retained its position as the market leader with 42.2 percent of September sales, while Mahindra followed with a 22.2 percent share. Newer entrants like VinFast captured an 8.5 percent share, and Maruti Suzuki took 3.1 percent.
The Indian government has extended the PM E-DRIVE scheme to March 2028, providing continued support for electric vehicle adoption and the expansion of charging infrastructure.
