India’s electric vehicle market witnessed substantial growth in 2025, representing 8% of all new vehicle registrations, totaling 2.3 million units. Electric two-wheelers led the surge, comprising 57% of EV sales with 1.28 million units sold, while electric three-wheelers accounted for 35% at 0.8 million units.
Sales of electric four-wheelers reached 175,000 units, notably driven by small and light commercial electric goods carriers. The broader automobile market in India recorded 28.2 million vehicle registrations in 2025, with two-wheelers dominating at 72% of total sales.
Passenger four-wheelers surpassed 4.4 million units, and tractors and agricultural vehicles exceeded 1.06 million units. Uttar Pradesh emerged as the largest EV market regionally, with over 4 lakh units sold, followed by Maharashtra and Karnataka.
Smaller states like Delhi and Kerala posted high EV-to-ICE ratios, with Delhi at 14% and Kerala at 12%. Tripura and Assam also recorded robust EV-to-ICE ratios in 2025. The EV sector in India raised over $1.4 billion in 2025, a 27% increase from 2024 figures, with electric vehicle manufacturers securing the majority of funding.
The forecast for electric car volumes in the PV segment for FY26 stands at around 1.75 lakh units, following an 83% growth in EV sales in FY24. As EV sales surged from 50,000 in 2016 to over 2 million in 2024, a $100 billion export opportunity in auto components was highlighted.
