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Business News Today: Latest Business News, Finance News

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Electric passenger vehicles, two-wheelers show exponentia...
2026-05-06 · via Business News Today: Latest Business News, Finance News
In the electric commercial vehicle segment, the registrations grew by 149 per cent y-o-y to 2,245 units against 902 units in April 2025.

In the electric commercial vehicle segment, the registrations grew by 149 per cent y-o-y to 2,245 units against 902 units in April 2025. | Photo Credit: ZENTANGLE

Electric passenger vehicle (PV) retail sales in India grew 75.14 per cent year-on-year (y-o-y) at 23,506 units in April 2026 as compared to 13,421 units in the same month last year, Federation of Automobile Dealers Associations (FADA) said on Wednesday.

The auto industry body said that the electric PVs now contributed 5.8 per cent to the overall PV market in India, as compared to 3.7 per cent April 2025.

In the mass market segment, Tata Motors continued to lead the market with 8,543 units in April, a growth of 77 per cent, as against 4,822 units in the corresponding month last year.

Mahindra & Mahindra (M&M) was number two, reporting a growth of 64 per cent y-o-y to 5,413 units as compared with 3,310 units, followed by JSW MG Motor India with sales of 5,006 units, against 3,777 units in April 2025.

Newcomers VinFast and Maruti Suzuki India saw neck and neck with the Vietnam-based EV maker selling 1,232 units and the latter selling 1,231 units as per the latest data shared by FADA.

In the luxury electric PV segment, BMW soled 300 cars (against 144 in April 2025) in April, followed by Mercedes-Benz India with 104 units (against 87 units) and Tesla with 43 units.

In the electric two-wheeler (2W) segment, TVS Motor Company leads the market with sales of 37,683 units in April, a jump of 88.64 per cent y-o-y, against 19,976 units in April 2025.

Bajaj Auto follows with registration of 32,898 units (versus 19,162 units last year), followed by Ather Energy with 27,034 units (13,332 units) and Hero MotoCorp with 15,238 units (versus 6,150 units in April 2025) during the month.

However, Ola Electric reported decline in sales even though its position remains on fifth. The company’s sales declined 38.60 per cent y-o-y to 12,171 units in April as compared with 19,824 units in April 2025.

Overall, the electric 2W retail sales grew around 61 per cent y-o-y to 1,48,740 units against 92,538 units in April 2025, FADA report indicated.

“The EV share in 2Ws moderated to 7.8 per cent in April (in overall two-wheeler sales including petrol) from the elevated 9.79 per cent reading in March — the latter having been amplified by pre-buying activity around the closing window of certain mass-segment EV incentives — yet remained well above the FY26 average of 6.5 per cent,” Sai Giridhar, Vice President, FADA, said in the monthly vehicles sales report.

In the electric three-wheeler segment, the total sales grew 3.30 per cent y-o-y to 64,549 units during the month as compared with 62,489 units in April 2025. M&M led the market with 10,292 units, followed by Bajaj Auto at 9,725 units and TVS Motor Company with 3,046 units as the top three selling companies.

In the electric commercial vehicle segment, the registrations grew 149 per cent y-o-y to 2,245 units against 902 units in April 2025.

Published on May 6, 2026