The opening month of FY2027 had delivered the best-ever retail sales for the month of April. As per the Vahan portal, the 239,025 EVs sold across the two- and three-wheeler and passenger and commercial vehicle segments in April 2026 were a 41% YoY increase (April 2025: 169,360 units) and mark a new high for the fourth month of the calendar year. Sales this April per se have trebled in the past four years – from 77,614 units in April 2022 to 239,025 units in April 2026. Importantly, all four EV segments have registered healthy year-on-year growth which augurs well for the rest of the new fiscal year. A close look at the segment-wise sales reveals that while the e-2W share has jumped to 62% from 54% in April 2025, the e-3W share has reduced to 27% from 37% a year ago due to single-digit growth. The surge of demand for zero-emission cars and SUVs is reflected in the e-PV share rising to 10% from 8% in April 2025 while the e-CV share has risen marginally to 0.93% from 0.53% a year ago. Let’s take a closer look at each of the four segments’ performance. 

The 239,025 EVs sold across all 4 vehicle categories were a 41% YoY increase and mark a new high for the month of April. Sales have trebled in the past 4 years from the 77,614 units in April 2022.

India’s Top 4 e-2W OEMs – TVS, Bajaj Auto, Ather Energy and Hero Vida – with sales of 112,798 e-scooters had a 76% share of the 148,740 units delivered to buyers in April 2026. 

Electric 2-wheelers

April 2026: 148,740 units, up 61%. EV market share: 62%

April 2025: 92,536 units. EV market share: 55%

The Indian electric 2-wheeler industry, which registered record retail sales of 1.40 million units in FY2026, has opened FY2027 on a strong note. April 2026 saw a total of 148,740 units delivered to e-2W buyers, up 61% YoY (April 2025: 92,536 units) and in line with the strong growth displayed since the start of CY2026. April sales are the second highest monthly numbers in the current year to date, after March 2026 (192,343 units, up 46% YoY). Importantly, the 62% YoY growth has come on a high year-ago base and in the face of the reduced price differential between IC engine two-wheelers and EVs with the sharp reduction in GST. What is also driving up the numbers is the likelihood of petrol prices rising as a result of the global crude oil supply crisis. 

In April 2026, the Top 5 OEMs – TVS, Bajaj Auto, Ather Energy, Hero Vida and Ola Electric –maintained their stranglehold over the segment and had an 84% share of the retail sales. For a comprehensive analysis of the e2W segment’s performance and sales statistics of the Top 10 e-2W OEMs, CLICK HERE. 

The intense battle between electric 3W market leader Mahindra Last Mile Mobility and challenger Bajaj Auto continued in the opening month of FY2027 with just 567 units separating them. 

Electric 3-wheelers

April 2026: 64,549 units, up 3%. EV market share: 27%

April 2025: 62,489 units. EV market share: 37%

Compared to its two-wheeler siblings, the electric 3-wheeler industry’s growth was a lot more subdued. And as a result of much higher growth rate as well as sales volume in e-2Ws, the e-3W share of overall EV has fallen by 10% YoY. 

In April 2026, as per Vahan, the 631 e-3W manufacturers / suppliers sold 64,549 units, up 3% YoY (April 2025: 62,489 units) and up 1.5% month on month (March 2026: 63,549 units). These April numbers come on the back of the e-3W industry hitting a record high of 830,819 units in FY2026. 

Electric 3Ws continued eating into the share of the CNG 3W market. In line with the trend witnessed in FY2026, the share of e-3Ws in the overall 3W market in April 2026 (106,905 units) was 60%, similar to January but above February (57%) and March (58%). 

In comparison, the CNG 3W share has fallen from 25% in January 2026 to 24% in April 2026 (25,696 units). As per Vahan data for CY2026 YTD, retail sales of CNG 3Ws has seen a sustained fall since January. Starting this year with 31,376 units, demand dropped to 29,910 units in February, to 27,589 units in March, and to 25,696 units in April. 

India e-3W Inc’s performance continues to be powered by three legacy OEMs – Mahindra & Mahindra, Bajaj Auto and TVS Motor Co – along with a few other companies. For a close look at this segment’s performance and the Top 20 manufacturers, CLICK HERE. 

April 2026 was the e-PV segment’s second highest retail sales month. While market leader Tata Motors topped, Mahindra & Mahindra outsold JSW MG Motor India for the second straight month. 

Electric Passenger Vehicles

April 2026: 23,265 units, up 73%. EV market share: 10%

April 2025: 13,409 units. EV market share: 8%

The India electric passenger vehicle (e-PV) industry, which closed FY2026 with record retail sales of 200,946 units and handsome 85% YoY growth, has carried over the same strong momentum into the first month of FY2027. April 2026 saw 17 manufacturers of zero-emission cars, SUVs and MPVs deliver 23,265 units to customers, up 73% YoY (April 2025: 13,409 units). This is the second highest monthly retails after March 2026 (23,749 units) and reflects the strong momentum in this segment, driven by a combination of new products, the potential hike in petrol, diesel and CNG as well as a growing number of first-time EV buyers. 

Tata Motors, the longstanding e-PV market leader, clocked retail sales of over 8,500 units in April 2026, up 77% YoY (April 2025: 4,816 units), which gives it a market share of 37% for last month. This is Tata Motors second highest monthly e-PV sales after March 2026 (8,684 units). While the Harrier EV has helped revive demand, the Nexon EV, Tiago EV and Punch EV continue to have their share of buyers. 

The big news though is Mahindra & Mahindra, which has been a consistent No. 3, outselling JSW MG Motor India for the second month in a row. April saw M&M achieve customer deliveries of 5,394 electric SUVs, up 63% YoY (April 2025: 3,301 units), which gives it a market share of 24 percent. In March 2026, M&M (5,651 units) had sold more EVs than JSW MG Motor (5,550 units) for the first time in a single month. 

Meanwhile, Vinfast India moved up to No. 4 in the 17 e-PV OEM ladder-board with 1,231 units which give it a 5% e-PV share. This is the first time that the company has crossed 1,000-units in a month since it began deliveries of the locally assembled VF6 and VF7 e-SUVs in October 2025, followed more recently by the VF MPV7. Maruti Suzuki India too surpassed monthly deliveries of 1,000 units for the first time in April. The company sold 1,222 e-Vitara SUVs which gives it a market share of 5 percent. 

In tandem with the mass-market e-PV market, demand for luxury cars, SUVs and sedans also posted good growth last month. In April 2026, total retail sales of the eight OEMs in this sub-segment were 487 units, up 70% YoY (April 2025: 286 units).

For a detailed look at the sales statistics as well as the e-PV market share of the movers and shakers of the electric car and SUV industry in April 2026, CLICK HERE.

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of the sales in the electric commercial vehicle segment – 81 percent.

Electric Commercial Vehicles

April 2026: 2,236 units, up 148%. EV market share: 0.93%

April 2025: 903 units. EV market share: 0.53%

Like the other three EV categories, the electric commercial vehicle (e-CV) segment too delivered a strong showing in April 2026. Lowest in terms of volumes but the highest in sticker price, the e-CV segment clocked its second-highest monthly retail sales in April 2026. The nearly 40 players in this category sold a total of 2,236 units, which marks handsome 148% YoY growth (April 2025: 903 units) albeit down 8% on March 2026’s 2,445 units.  

Zero-emission light goods carriers or small CVs (1,817 units, up 200% YoY) accounted for the bulk of sales – 81 percent. Demand for electric buses, which are mainly bought by state transport undertakings for inter-city operations and local municipal corporations for city transport, saw sales grow by 23% YoY to 342 units. And heavy goods carriers, typically used for infrastructure operations, rose 267% YoY to 77 units

Of the total 2,236 e-CVs sold in India last month, market leader Tata Motors accounted for 798 units or a 36% share. Euler Motors with 518 light/small e-CVs was ranked second with a 23% share and Mahindra Last Mile Mobility, with 285 units had a 13% share. Switch Mobility, Ashok Leyland’s EV arm, sold 144 buses and light CVs for a 6% share of the e-CV industry’s sales in April 2026. PMI Electro Mobility (111 units) and the Murugappa Group’s Tivolt Electric Vehicles (81 units) were ranked fifth and sixth, respectively. 

Sales of light / small e-CVs continued to grow at a rapid pace in April and the e-SCV category remains the growth driver of the overall e-CV segment. This category (1,817 units) commanded an 81% share of April e-CV sales led by market leader Tata Motors which, along with Euler Motors, commanded a 72% share of all e-SCV / light goods carrier retails. For a detailed look at this segment’s performance in April and the Top 6 e-SCV OEMs, CLICK HERE

India EV INC Opens Fy2027 on a Strong Note

In FY2026, India EV Inc registered record retail sales of 2.45 million units with robust 25% YoY growth (FY2025: 19,67,547 units) with growth democratised across all four vehicle sub-segments. With April 2026, the opening month of FY2027, delivering the highest sales for the fourth month of the year, EV OEMs across the two- and three-wheeler and passenger and commercial vehicle segments will be hoping the momentum sustains throughout the next 11 months and beyond. 

The ongoing global crude oil supply crisis had added tailwinds to the growth of the EV industry per se as vehicle buyers across categories, fearful of continued hiccups in supply and also a likely increase in fossil fuel and gas prices, actively consider a shift to zero-emission mobility.