India’s electric vehicle growth story is all charged up in CY2026. After the first six months, total retail sales of 1.56 million EVs across the e-2W, e-3W, e-passenger and e-commercial vehicle segments are up 44% YoY (January-June 2025: 1.08 million units) and already 66% of CY2025’s record 2.35 million EVs In tandem with the other three sub-segments, the electric passenger vehicle (cars, SUVs and MPVs) category is also registering strong growth and will scale a new annual sales high in CY2026.
Retail sales (EV customer deliveries) of 148,023 units are a 79% YoY increase (H1 2025: 82,535 units) and translate into an additional 65,488 units.
The accelerated growth in the first half of CY2026 is reflected both in the monthly sales data (see table above) and in the Q1 (January-March) and Q2 (April-June) splits. Q1 CY2026 sales of 62,178 units were a 64% YoY increase (Q1 CY2025: 38,008 units), with March 2026’s 24,713 units being the highest. The big sales surge came in Q2 CY2026 – 85,845 units and a 93% jump (Q2 CY2025: 44,527 units). Q2 numbers were powered by strong sales in May (28,070 units, up 92%) and June (32,259 units, up 112%).
Along with a flurry of new models drawing e-PV buyers, the strong uptick can also be attributed to the sharp increase in the price of petrol, which saw a fair number of fence-sitting ICE 2W buyers go electric to save money on costly petrol. Starting May 15, oil marketing companies implemented four hikes in petrol prices in a span of 10 days. In Mumbai, petrol (priced at Rs 104.21 on May 14) became costlier by Rs 7 and 7% to Rs 111.21 a litre. Fifty-four days since the first price hike, prices of petrol remain unchanged (as of July 9).
June was a standout month for the e-PV sector as well as for India EV Inc. While monthly e-PV retail sales (32,259 units, up 112%) crossed the 30,000 mark for the first time, total EV sales for all four segments – 308,253 units, up 64% YoY) surpassed the 300,000 milestone for the first time. While e-PV market leaders Tata Motors sold a record 12,384 units and Mahindra hit a new high of 7,926 e-SUVs, Maruti Suzuki (1,940 units), VinFast (1,415 units) and BYD India (895 units) also registered their highest monthly sales. June also saw the eight luxury carmakers deliver 826 units, their highest monthly retail yet. As a result of the strong numbers, the e-PV segment’s share of the EV industry rose by two percentage points YoY to 10% in June.
As a result of the sterling growth in Q2, e-PV retail sales in H1 CY2026 (January-June 2026) at 148,032 units jumped 79% YoY (H1 CY2025: 82,535 units) to put this EV category just 46,614 units away from its record annual sales of 194,646 units in CY2026. Given the current rapid pace of demand, last year’s total sales would be surpassed by mid-August, with the sales drive further accelerating in the festive season.
Tata Motors, Mahindra & JSW MG Lead the Charge for India E-PV INC
With H1 CY2026 delivering sales in spades, it is only to be expected that the current strong momentum will be sustained and could even accelerate further in the July-December period. Tata Motors, Mahindra & Mahindra and JSW MG Motor India, the top three e-PV manufacturers, continue to lead the charge this year.
In the first six months, these three OEMs’ combined sales of 123,320 units are up 71% YoY (H1 2025: 72,240 units), and they command 83% of the 148,023 electric cars and SUVs sold between January and June this year. Let’s take a closer look at their performance as well as the other 16 players, including the nine luxury carmakers which have registered 55% YoY growth.
Tata Motors
H1 2026: 57,380 units, up 82% YoY
H1 e-PV market share: 39%
Tata Motors has sold 57,370 e-PVs between January and June, up 82% YoY (H1 2025: 31,556 units), which gives it a 39% share, up one percentage point year on year. May (10,894 units) and June (12,34 units) saw Tata exceed 10,000 units for two months running and the same rich vein of growth is likely to continue in H2. The EV market leader is, at present, 19,249 units away from its CY2025 retails of 76,629 units and will go on to surpass the 100,000 sales milestone for the first time in CY2026.
While the Nexon EV continues to be Tata Motors’ volume driver, the launch of the updated Tiago EV in end-May has helped accelerate the momentum generated by the new Punch EV in February this year. Both models draw a large percentage of first-time EV buyers albeit the new Tiago EV – India’s most affordable e-PV – is expected to draw new buyers transiting from ICE hatchbacks, particularly in the wake of the recent petrol-diesel price hikes. The MY2026 Tiago EV, which continues the brand’s draw of being the most affordable e-PV in India, should give Tata Motors plenty more ammo for higher sales and market share. Tata’s e-PV portfolio, which also includes the Harrier EV, Curvv EV and Tigor EV, has expanded with the launch of the Sierra EV which is expected to further up the ante for the e-PV market leader.
Mahindra & Mahindra
H1 2026: 34,131 units, up 147% YoY
H1 e-PV market share: 23%
Mahindra & Mahindra, which wrested the No. 2 position from JSW MG Motor in March 2026, has clocked six-month retails of 34,131 units, up 147% YoY (H1 2025: 13,801 units). Sales have risen strongly month on month: March (5,873 units), April (5,928 units), May (6,584 units) and June (7,926 units). As a result, M&M’s e-PV market share are risen to 23% from 17% in H1 2025. Having sold 37,235 units in CY2025, the e-SUV maker is just 3,104 units shy of that total which will be crossed in mid-July itself.
While the BE 6 and XEV 9e continue to see demand, the XEV 9S, M&M’s first three-row, born-electric SUV launched last November, has given M&M a new charge. The XEV 9S, which has battery options spanning 59 kWh, 70 kWh and 79 kWh, slots above the XEV 9e and BE 6, both of which are two-row EVs.
JSW MG Motor India
H1 2026: 31,819 units, up 18% YoY
H1 e-PV market share: 21%
Third-ranked JSW MG Motor India’s cumulative sales in H1 2026 are 31,819 units, up 18% YoY (H1 2025: 26,883 units). This gives it an 18% e-PV market share, substantially down from the 33% it had in H1 2025. The strong advance of Tata Motors and particularly M&M has impacted market dynamics for JSW MG. The game-changing Windsor EV, whose total wholesales recently crossed the 75,000-unit mark including 19,000 units in H1 2026, remains the company’s best-selling product in a portfolio which includes the M9 MPV, Cyberster roadster, ZS EV and Comet EV.
Maruti Suzuki India
H1 2026: 6,404 units, NEW
H1 e-PV market share: 4%
Maruti Suzuki, which entered the EV market with its e-Vitara in January, has delivered 6,404 units to customers in H1 2026, which gives it a 4.32% e-PV market share. Sales have risen month on month and quarter on quarter. Q2 sales of 4,944 units are a 238% jump over Q1’s 1,460 units with June (1,940 units) being the highest yet. It is understood that due to production constraints, the company has allocated between 2,000-2,500 units for the domestic with far more for exports where the e-Vitara is the third most-exported SUV in the current fiscal. Maruti Suzuki plans to increase e-Vitara production capacity from August or September this year.
Vinfast India
H1 2026: 5,627 units, NEW
H1 e-PV market share: 3.80%
Vietnamese EV maker Vinfast is ranked fifth amongst the e-PV OEMs with 5,627 units and a 3.80% market share. Sales have risen 145% quarter on quarter in H1 – Q1 (1,630 units) and Q2 (3,997 units) – with June’s 1,415 units being the highest. Of the four models in its portfolio, two (VF6 and VF7) are SUVs and two (VF MPV 7 and VF Limo Green taxi) are MPVs. On the wholesales front (April-May 2026), the VF7 is outselling the VF6. For the two MPVs, the Limo Green e-taxi is witnessing far more demand than the VF MPV 7. Vinfast will be looking to achieve higher sales traction when it launches the VF5 hatchback, which is likely to go head-to-head against the Tata Tiago EV or Punch EV, depending upon its specifications.
BYD India
H1 2026: 3,300 units, up 32%
H1 e-PV market share: 2.22%
BYD India, the local division of China’s BYD, has delivered 3,300 e-PVs in H1 2026, up 32% YoY (H1 2025: 2,507 units). While Q1 sales were 1,101 units, Q2 retail sales doubled to 2,199 units, with June (895 units) being BYD India’s highest monthly score to date. A reason behind June’s strong sales could be that BYD has raised EV prices by 1-2% from July 1, the second time this year. Meanwhile, the Chinese EV maker has confirmed plans to introduce the Seal U later this year, its first PHEV offering. Halfway into CY2026, the EV maker is 2,139 units away from its CY2025 sales of 5,439 units.
Hyundai Motor India
H1 2026: 2,725 units, down 36% YoY
H1 e-PV market share: 1.84%
Hyundai Motor India has clocked e-SUV deliveries of 2,725 units, down 36% YoY (H1 2025: 4,278 units), which translates into 1,553 fewer EVs year on year. The company, which has only two models in its EV portfolio (Creta Electric and Ioniq 5) continues to feel the heat of the intense competition in the e-SUV market, where market leaders Tata Motors, M&M and JSW MG Motor have fast expanded their portfolios at multiple price points to draw more buyers. As a result, Hyundai’s e-PV share is down to less than 2% from 5% a year ago. Halfway into the year, the company is a good 4,649 units away from its CY2025 sales (7,374 units).
Kia India
H1 2026: 2,643 units, up 941% YoY
H1 e-PV market share: 1.78%%
Eighth-ranked Kia India with 2,643 units and a 1.78% e-PV share is just 82 units behind Hyundai India. Following the launch of the mass-market Carens Clavis EV MPV, which joined the far more expensive EV6 and EV9 imported as CBUs, Kia had seen its monthly numbers improve last year. While Q1 sales were 1,278 units, Q2 numbers rose 7% at 1,365 units. Kia India needs to sell another 453 EVs to drive past its CY2025 sales of 3,096 units.
Stellantis India
H1 2026: 196 units, down 76% YoY
H1 e-PV market share: 0.13%
Stellantis India, which markets the Citroen and Jeep brands, is among the six e-PV OEMs to have registered a YoY decline. The e-C3 hatchback has sold in single digits in each of the past six months: January (60 units), February (19 units), March (36 units), April (30 units), May (24 units) and June (27 units). In the year-ago period, Citroen e-C3 sales were 815 units, which means market share has fallen to a minuscule 0.13% from 1 per cent. On June 17, Citroen India launched the Citroen eC3X at Rs 11.99 lakh with BaaS pricing that starts at Rs 689,000 (+ Rs 2.26/km battery rental fee). Will this move rev up demand?
Toyota Kirloskar Motor
H1 2026: 33 units
H1 e-PV market share: 0.022%
Toyota Kirloskar Motor, the latest mainstream manufacturer to plug into the EV industry in India, delivered 33 units of the Urban Cruiser Ebella in June, which was its first month of sale. The Toyota Ebella is the badge-engineered version of the Maruti e-Vitara and also rivals the Mahindra BE 6, Vinfast VF6, MG ZS EV, Hyundai Creta Electric and Tata Curvv EV. The Ebella is currently sold in three variants (E1, E2 and E3), albeit priced at a considerable premium over its Maruti cousin.
Luxury Carmakers Sell 3,775 EVs in H1 CY2025, BMW India’s Share Jumps to 64%
In tandem with the mainstream EV manufacturers, luxury car and SUV OEMs are so registering robust growth this year. As per Vahan retail sales data, the nine OEMs in this sub-segment have sold 3,775 units in H1 2026 to mark 55% YoY growth (H1 2025: 2,443 units). This places them well on track to hit 7,500 annual sales in CY2026, well ahead of the 5,719 units they sold in CY2025. At present, luxury e-PV retail sales are 1,944 units shy of that total. If demand continues at the same pace, luxury e-PV sales will take another three-odd months to go past last year’s total.
This segment’s strong performance continues to be driven by BMW India and Mercedes-Benz India, with their overall sales benefiting from the strong boost in EV numbers. Both these German carmakers have registered their highest first-half wholesales in H1 2026: Mercedes-Benz India (9,768 units, up 9% YoY) and BMW India (9,075 units, up 17%). In the growing battle between these two OEMs on the retail front, the latest Vahan statistics reveal that BMW India (10,125 units including EVs) has sold 446 units more than Mercedes-Benz India (9,679 units including EVs).
BMW India remains the luxury EV market leader in H1 2026 as it did in CY2025 when it sold 3,481 EVs and commanded a 61% share. At present, every fourth car it sells is an EV. In the January-June 2026 period, BMW India has delivered 2,432 zero-emission vehicles to register 79% YoY growth (H1 2025: 1,359 units). This stellar showing is reflected in its share rising strongly to 64% from 56% in H1 2025. On the overall EV market scale, BMW India ranks ninth.
Mercedes-Benz India, the overall luxury car market leader, clocked retail sales of 859 units, up 10% YoY (H1 2025: 782 units). This gives the company a 23% share of the luxury EV market. In terms of wholesales, battery (BEVs) comprised 25% of all top-end models sold in H1 2026. Top-end BEVs (priced from Rs 1.4 crore and above) grew 85% in Q2 CY2026. According to the company, Mercedes-Benz BEV penetration doubled to 14% of its total sales mix in Q2 2026, driven by the success of the new CLA BEV and demand for the top-end EQS SUV.
Tesla ranks third in the luxury e-PV market with 236 units and a 6% market share. The highest monthly sales in H1 2026 for the American EV OEM, which has expanded its portfolio in India with the extended-wheelbase six-seater Model Y L, were in March (53 units).
Volvo Auto India clocked retail sales of 205 units in the past six months, down 3% YoY (H1 2025: 211 units), which sees its share reduce to 5% from 9% a year ago.
German sports car manufacturer Porsche, with 31 units, posted a 24% YoY increase and maintained its 1% share of the luxury e-PV market. The remaining three OEMs (Audi India, JLR and Lotus) sold two EVs each.
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