The figures available as of Nov 1 point to a landmark month for India’s EV market
Chennai: With festive fervour, India’s electric vehicle (EV) market clocked a record month in Oct, with registrations crossing 3.5 lakh units for the first time. Electric two-wheelers did most of the heavy lifting, notching up record sales and growing close to 50% year-on-year. Electric passenger vehicles (PVs) presented a more mixed picture: registrations jumped 75% year-on-year but fell 4% from Sept. Even so, the figures available as of Nov 1 point to a landmark month for India’s EV market. Total EV registrations across all segments stood at about 3.54 lakh units in Oct, compared with 2.45 lakh units in Oct 2025 and 3.38 lakh units in Sept this year. EV registrations have now surpassed the 3-lakh mark for the fifth month in a row. Electric 2w registrations also hit a record high of 2.24 lakh units in Oct, compared with 1.51 lakh units in Oct 2025 and 2.09 lakh units in Sept this year. TVS Motor retained its lead in the e2w segment, with registrations of 60,429 units in Oct — its highest-ever monthly tally. K N Radhakrishnan, director and CEO of TVS Motor, said recently that the industry was recording healthy growth and the company had planned its next phase of expansion, from the current monthly volume of 60,000–65,000 units to about 80,000 units. Bajaj Auto recorded just over 49,000 units in Oct, while Ather Energy registered about 31,800 units. Hero MotoCorp continued to expand its volumes, with registrations nearing 30,000 units, while Greaves recorded close to 10,900 units. Ola’s registrations stood at just over 12,000 units. River Mobility registered close to 6,800 units, continuing its steady month-on-month growth in 2026. Electric PV registrations, comprising battery-powered cars and SUVs, stood at 36,709 units in Oct, compared with 38,381 in Sept this year and 20,968 in Oct 2025. Tesla ’s sales in India cross 1,000 units Elon Musk-owned Tesla’s electric car sales in India crossed the 1,000-unit mark in Oct, reaching 1,052 units for the calendar year, with Sept and Oct together accounting for more than half of its sales. Owners of its Model Y could save Rs 20,000 a month on fuel and maintenance compared with an internal combustion engine (ICE) vehicle.
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