Electric passenger vehicle registrations in India rose 50% year-on-year to 30,325 units in August 2026, according to Vahan data compiled by Nuvama. On a sequential basis, however, registrations declined 12% from 34,561 units in July.
The strong annual growth comes as electric vehicles gain wider acceptance in the passenger vehicle market, supported by a broader choice of models and their increasing aspirational value.
Registrations during the first five months of FY2026-27 rose 85% to 153,403 units, compared with 83,007 units in the corresponding period last year.
“EV acceptance is improving due to higher aspirational value and the availability of more model options,” said Raghunandhan N L, executive director at Nuvama Institutional Equities.
Electric vehicles accounted for 7.4% of total passenger vehicle registrations in August, marginally lower than the 7.8% share recorded in July.
Tata Motors retained its leadership in the electric passenger vehicle market with 12,983 registrations in August, an increase of 61% from a year earlier. Its market share rose to 42.8%, from 39.9% in August 2025.
Mahindra & Mahindra was the second-largest player with 6,367 registrations, up 68% year-on-year, giving it a 21% market share.
JSW MG Motor India ranked third with 4,568 registrations, down 19% from a year earlier. Its market share stood at 15.1%.
VinFast ranked fourth with 2,196 registrations and a 7.2% share, while Maruti Suzuki was fifth with 1,391 units and a 4.6% share.
The market’s sequential decline in August was reflected across several major manufacturers. However, VinFast and Hyundai Motor India bucked the broader trend, with registrations rising 44% and 34%, respectively, from July.
| Rank | Manufacturer | Aug 2026 registrations | YoY growth | Market share |
| 1 | Tata Motors | 12,983 | 61% | 42.80% |
| 2 | Mahindra & Mahindra | 6,367 | 68% | 21.00% |
| 3 | JSW MG Motor India | 4,568 | -19% | 15.10% |
| 4 | VinFast | 2,196 | — | 7.20% |
| 5 | Maruti Suzuki | 1,391 | — | 4.60% |