India EV sales jump 87.4%

India’s electric passenger-vehicle market grew 87.4% in fiscal 2025-26 to 233,246 units, and the biggest gains came from mid-size electric sport utility vehicles. (rediff.com) Data shared with Business Standard by JATO Dynamics showed the ₹20 lakh to ₹30 lakh price band expanded to 35.7% of electric-car sales in FY26, up from 24% in FY25 and 8.6% in FY24. (business-standard.com) (rediff.com) At the other end, electric cars priced below ₹10 lakh lost momentum, with analysts pointing to a shortage of viable mass-market models rather than a collapse in consumer interest. (business-standard.com) That leaves India’s car electrification story looking more premium than mass-market. Buyers are moving toward larger, better-equipped vehicles even as affordable electric options remain limited. (rediff.com) (business-standard.com) The shift also changes what suppliers have to build for. Mid-size sport utility vehicle buyers expect tighter fit and finish, better cabin quality, and more validation work before launch. (rediff.com) The broader market is still small relative to India’s total passenger-vehicle business. Business Standard reported electric passenger vehicles accounted for about 4.2% of the overall market in FY26, even after the jump in volumes. (business-standard.com) Separate Vahan registration data cited earlier this month showed electric four-wheeler registrations at 193,633 in FY26, up 91.3% year on year, underscoring how fast the category accelerated late in the fiscal year. (business-standard.com) For now, India’s electric-car boom is being carried by buyers spending more, not by a breakthrough in entry-level affordability. (business-standard.com)