India EV monthly Report – September 2026
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Summary
This monthly EV report highlights key developments in India’s electric vehicle ecosystem for September 2026, covering sales trends, segment performance, product launches, policy updates, and investments.
Sales Trends
Overall EV sales increased by 12.04% m-o-m to 3,33,670 units in September 2026, and EV sales grew 83.58% y-o-y compared with September 2025, while overall EV adoption reached 13.11%, highlighting the continued long-term growth momentum of electric mobility in India.
Segment-wise Performance
- Electric Two-Wheelers (E2W): Sales increased by 13% m-o-m to 2,07,314 units and also registers 91% y-o-y increase. The top three players accounted for ~64% of total registrations.
- Passenger Electric Three-Wheelers (E3W-P): Sales increased to 74,247units (+7% m-o-m, +41% y-o-y).
- L3: 29,509 units
- L5: 44,738 units
- Cargo Electric Three-Wheelers (E3W-Cargo): Sales declined to 11,777 units (+11% m-o-m, +39% y-o-y).
- L3: 6,409 units
- L5: 5,368 units
- Electric Cars (E-Cars): E-cars marked the highest monthly sales with 36,094 units (19% m-o-m, +115% y-o-y). Tata Motors (40.96%) led the market, followed by Mahindra (21.55%). VinFast captured an 8.21% share to be in the top four position.
- Electric Buses (E-Bus): E-bus sales recorded 832 units, registering an 8% m-o-m decline while showing a 140% y-o-y increase. JBM Auto (32.93%) led the market, followed by PMI Electro Mobility (16.95%) and Olectra Greentech (15.50%).
- Electric Trucks (E-Truck): E-Trucks marked the monthly sales with 3,375 units (-11% m-o-m, +164% y-o-y). Light Goods Vehicles (LGVs) dominated the segment with a 96% share, while Heavy Goods Vehicles (HGVs) accounted for the remaining 4%.
Key Developments
- Product Launches: 6 new launches have been recorded.
- Policy Updates: 7 updates (3 state,4 central), includingGovernment Revises PM E-DRIVE Localisation Norms for N2 and N3 Electric Trucks
- Charging Infrastructure: 11 developments, includingTata Power, Reliance and Adani’s Combined Charging Network Reaches 19,000 Points.
- E-Bus Developments: 6 updates, including the Haryana government Identifies 15,362 Ageing Buses for replacement under the Parivartan Scheme
- Key Manufacturing updates: 4 updates, including Exide Commissions Phase I of Bengaluru Lithium-ion Cell Plant
- Investments & Partnerships: total of INR 2,899 crore investments, including Simple Energy raising INR 1,750 Crore in Series C funding and 3 new partnerships, including collaboration between ONDC and Bounce Infinity for Electric Last-mile Logistics