Electric Vehicle Retail Sales Hit Record 35,995 Units in September

Retail sales of electric passenger vehicles reached a record 35,995 units in September, marking a 94 percent jump from the same month last year. Tata Motors led the market with 14,769 units and a 41.03 percent market share, while Kia climbed past Maruti Suzuki to secure fifth place.

Market Leaders

Tata Motors set a new company high with its sales, supported by popular models like the Nexon EV, Tiago EV, and Punch EV. Mahindra and Mahindra held second place by selling 7,779 units, followed by JSW MG Motor India with 5,242 units. Vinfast India maintained fourth place with 2,963 vehicles sold. Meanwhile, Maruti Suzuki slipped to sixth place with 1,103 units of its e Vitara due to a high share of production going toward exports.

Luxury Segment

Luxury electric passenger vehicle sales also climbed to a new monthly high of 975 units, growing 60 percent year-on-year. BMW stayed at the top of the luxury category by selling 502 units. Tesla climbed to second place in the luxury segment with 291 units, moving past Mercedes-Benz, which recorded 125 sales.

Context

Rapid growth in the electric vehicle sector reflects broader trends of expanding charging infrastructure and wider model choices now available to buyers across India. Higher sales volumes help automakers achieve economies of scale, bringing production costs down over time.