- India’s electric passenger vehicle market recorded strong year-on-year growth in February 2026 despite a seasonal monthly decline.
- Tata Motors retained leadership while Mahindra & Mahindra posted the fastest annual expansion.
Tata Motors India electric passenger vehicle sales February 2026 reflected continued structural growth in the country’s EV ecosystem, with retail volumes reaching 13,733 units. According to data released by the Federation of Automobile Dealers Associations (FADA), the segment expanded by 44.48% compared to 9,505 units sold in February 2025. Despite this strong annual expansion, sales declined 25.65% from January 2026 when volumes had reached 18,470 units, indicating typical post-festive demand moderation.
EV Market Penetration Continues Gradual Rise
Electric vehicles accounted for 3.5% of India’s overall passenger vehicle market in February 2026. While slightly lower than the 3.6% share recorded in January, the figure represents a clear improvement compared to the 3.0% penetration observed in February 2025. The steady increase suggests a gradual shift in consumer preference as charging infrastructure expands and automakers broaden their EV portfolios.
Tata Motors Maintains Clear Market Leadership
Tata Motors Passenger Vehicles Ltd remained the dominant player in the electric passenger vehicle segment. The company sold 5,568 units in February 2026, registering a 38.51% year-on-year increase compared to 4,020 units in February 2025. However, sales declined 30.46% from January 2026 levels when the automaker had delivered 8,007 electric cars.
Mahindra & Mahindra Emerges as Fastest Growing Player
Mahindra & Mahindra recorded the most dramatic annual growth among major manufacturers. Sales surged 473.43% from 508 units in February 2025 to 2,913 units in February 2026. The increase is largely linked to the market ramp-up of the BE 6 and XEV 9e electric SUV models.
Performance of Other EV Manufacturers
JSW MG Motor India secured second place with 3,312 units sold, although this represented a 29.58% decline compared with January and a 5.10% drop year on year. Kia India posted one of the largest percentage increases among established players, with volumes rising from 22 units a year earlier to 295 units in February 2026. Hyundai Motor India experienced a sharp contraction as sales fell 60.77% from 775 units to 304 units. BYD India was one of the few companies to record sequential growth, increasing monthly volumes from 231 units in January to 306 units in February while also achieving a 10.07% annual gain.
The evolving competitive landscape highlights growing momentum in India’s electric passenger vehicle market as manufacturers expand model offerings and consumers increasingly consider electric mobility.
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