India’s electric passenger vehicle market experienced a massive structural shift as monthly registrations skyrocketed 79% year-on-year to hit 26,319 units. This historic surge is largely driven by consecutive hikes in petrol, diesel, and CNG prices, alongside a rapidly expanding public charging infrastructure. Leading this clean-mobility charge are domestic heavyweights Tata Motors and Mahindra & Mahindra (M&M). Together, they form a powerful duopoly, capturing over 62% of the country’s total electric car market and leaving global competitors struggling to keep up.
Market leader Tata Motors set a record by crossing the 10,000-unit monthly milestone for the first time, nearly doubling its volumes to secure a dominant 38.9% market share. Its extensive EV portfolio, featuring popular models like the Nexon EV, Punch EV, and the newly updated Tiago EV, continues to anchor consumer demand. Meanwhile, Mahindra has emerged as the most aggressive challenger in the space, posting an astonishing 112% volume growth to deliver 6,133 vehicles. Driven by its dedicated INGLO skateboard architecture and robust demand for new electric SUVs like the XEV 9S, Mahindra firmly defended its second-place ranking. This domestic expansion came at the direct expense of former frontrunners; JSW MG Motor saw its market share tumble sharply to 18.8%, down from 31.2% a year earlier. While newer international players like Vietnam’s VinFast are successfully carving out niches, the data demonstrates that Tata and Mahindra are effectively consolidating their control over India’s rapidly evolving automotive landscape.
