Car Sales: The popularity of Electric Vehicles (EV) is continuously increasing in the Indian automobile market. According to the latest data for May 2026, the sales of electric cars in the passenger vehicle (PV) segment of the country have set a new record. The share of EVs in total car sales has reached almost 7 percent, which is considered to be the strongest performance in the last one year.
Why is the demand for EV increasing?
The ever-increasing prices of petrol and diesel have attracted customers towards lower running cost options. Additionally, the rapid increase in charging stations across the country has reduced range anxiety to a great extent. Long driving range, better performance and modern features in new electric cars are also attracting customers. At the same time, incentives and easy financing options given by the central and state governments have also promoted EV purchase.
sales figures
A total of more than 3.17 lakh passenger vehicles were retailed in the country in May 2026, of which 21,953 units were fully electric cars. With this, the market share of EV was recorded at 6.9 percent, whereas in May 2025 it was only 4.7 percent. On the other hand, the demand for electric models has also increased rapidly in the two-wheeler market. A total of 1.44 lakh electric two-wheelers were sold in May 2026, taking the share of EV in this segment to 8.9 percent.
Tata is still number-1
Tata Motors continues to dominate the electric car market, but companies like Mahindra, MG Motor and BYD are also rapidly strengthening their presence. New models like Mahindra BE 6, Tata Curve EV and MG Windsor are getting excellent response from customers. Auto experts believe that if this trend continues, the share of electric vehicles may create new records in FY2026-27.
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