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India’s EV Sales Nearly Double as Competition Expands

India’s EV Sales Nearly Double as Competition Expands
India’s EV sales nearly double in September. Tata leads as VinFast, Maruti gain ground · firstpost.com

More people in India bought electric cars in September than they did a year earlier.

Sales nearly doubled to about 35,000 cars.

Tata Motors sold the most electric cars, and Mahindra was second.

New companies such as VinFast and Maruti Suzuki are gaining customers quickly.

This means the market is becoming more competitive.

Other companies still sold more cars, but their shares of the market became smaller.

Electric cars made up 8.2% of all passenger vehicle registrations in September.

More models, better charging networks and higher fuel costs are helping sales grow.

The government has also extended an electric-vehicle support program through March 2028.

Key facts

September registrations
34,894 electric passenger vehicles, up 95% year on year
Electric share
8.2% of passenger vehicle registrations in September, versus 5.7% a year earlier
January-September registrations
248,890 units, up 83% from 135,682 a year earlier
September market leader
Tata Motors, with a 42.2% share
Second-largest seller
Mahindra, with a 22.2% share
VinFast September share
8.5%
Maruti Suzuki September share
3.1%, following the launch of the e Vitara
Government support
The PM E-DRIVE scheme has been extended to March 2028

Sources

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