Led by strong two-wheeler demand, electric vehicle (EV) retail sales crossed the 2-million mark for the first time in a calendar year within the first 11 months of 2025, based on Vahan registrations up to November 27. In 2024, total retail sales stood at 1.95 million units.
Two- and Three-Wheelers Corner the Market
Two-wheelers were the biggest contributor to overall sales. Between January-November, retail sales of electric two-wheelers climbed to around 1.17 million units, contributing 58% of total EV volumes during the period. The segment has gained from a rapidly widening model lineup and growing participation of traditional motorcycle and scooter manufacturers alongside newer EV-only brands. Nearly 200 electric two-wheeler models are currently estimated to be on sale.
Three-wheelers formed the next-largest contributor, with sales touching 696,150 units so far this year. They account for 34% of overall EV registrations. Around 60% of all three-wheelers sold in the country today are electric. The segment now offers close to 100 models.
New Models and Maruti Suzuki’s Impending Entry
Passenger vehicles are also maintaining steady momentum, even though the category still operates on a relatively smaller base compared to two-wheelers and three-wheelers. Sales of electric cars totalled 158,010 units in the first 11 months, making up 8% of overall EV volumes. While Tata Motors and Mahindra remain the key drivers of growth, MG Motor has added depth to the portfolio, and the expected entry of Maruti Suzuki with its first mass-market EV is anticipated to further accelerate adoption over the next year. The current model count in the electric passenger vehicle segment stands at around 55.
Brands such as TVS and Bajaj, long dominant in the conventional two-wheeler market, are now among the top performers in the EV space as well. With December sales yet to be accounted for, industry executives expect the final tally for 2025 to comfortably surpass the 2-million mark.
