Electric passenger vehicle (PV) retail sales in India recorded strong year-on-year growth by 44% to 13,733 units in February 2026, according to data released by the Federation of Automobile Dealers Associations (FADA). However, month-on-month sales declined by 25.65% from 18,470 units sold in January 2026, reflecting the general post-January slowdown in retail demand.
Among manufacturers, Tata Motors retained its leading position in the electric PV segment with retail sales of 5,568 units in February 2026, a growth of 38.51% from 4,020 units in the same month last year. However, on a sequential basis, the company’s sales declined 30.46% from 8,007 units recorded in January.
JSW MG Motor India took the second position with retail sales of 3,312 units. This figure represents a year-on-year decline of 5.10% and a decline of 29.58% compared to January sales.
Mahindra & Mahindra recorded the strongest annual growth among major players, with electric PV retail sales rising to 2,913 units in February 2025 compared to 508 units – an increase of 473.43%. On month-on-month basis, the company’s sales in January have declined by 20.58% from 3,668 units.
Commenting on the trend, FADA President CS Vigneshwar said EV retail sales continued to grow year-on-year across all categories in February 2026. However, overall EV penetration remained relatively stable due to sharp growth in internal combustion engine (ICE) vehicle volumes. He said some EV categories saw softening month-on-month, which was largely due to the shorter month and higher sales base recorded in January.
Among other manufacturers, Vinfast recorded retail sales of 384 units in February, while BYD reported 306 units, marking an increase of 10.07% year-on-year and an increase of 32.47% compared to January.
Hyundai Motor India sold 304 electric vehicles during the month, showing a sharp decline of 60.77% from 775 units in February 2025. Meanwhile, Kia India recorded strong annual growth with sales of 295 units as against just 22 units in the same period last year.
In the luxury EV segment, BMW India sold 245 units, while Mercedes-Benz India recorded retail sales of 65 units in February.
Other manufacturers include Maruti Suzuki India Ltd. with 214 units, Tesla India Motors and Energy with 29 units and Volvo Auto India with 25 units.
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