The Indian electric vehicle (EV) market recorded historic sales in March 2026, driven by massive discounts, new product launches and concerns over vehicle price and fuel hikes. A total of 198,224 units of electric passenger vehicles were sold in the financial year 2026, recording a strong YoY (year-on-year) growth of 84 percent. EVs accounted for 4.3 percent of the total 4.7 million PV sales during the FY2026, compared to 2.7 percent in FY2025.
Also Read: Tata Beats Mahindra – March 2026 Sales: Full Top 10 List
India’s Top EV Brands in FY2026
| OEM | FY2026 Sales | FY2026 Market Share |
| Tata Motors | 77,658 | 39.2 % |
| JSW MG Motor India | 52,408 | 26.4 % |
| Mahindra & Mahindra | 42,006 | 21.2 % |
Tata EV Sales Report
Tata Motors continued to dominate the EV market, recording sales of 77,658 units in FY26 and securing a 39.2 percent market share. However, the company’s share declined compared to 53.4 percent in FY2025.
Tata’s current EV product portfolio includes the Tiago EV, Tigor EV, Punch EV, Nexon EV and Harrier EV. The lineup will soon be expanded with the launch of the Tata Sierra EV, which is likely to borrow its powertrain from the Harrier EV.
MG EV Sales Report
JSW MG Motor India registered EV sales of 52,408 units, marking an impressive 74 percent YoY growth. The Windsor EV continues to be the brand’s volume generator and is currently priced between Rs 14 lakh – Rs 18.50 lakh (ex-showroom). While the MG Windsor EV caters to the mass-market, premium offerings such as the MG Cyberster and M9 EVs target higher-end buyers.
Mahindra EV Sales Report
Mahindra & Mahindra emerged as the fastest growing EV brand in FY2026. Its portfolio includes models such as the XEV 9, XEV 9S and BE 6. In the compact segment, the carmaker offers XUV 3XO EV and XUV 400 EV. The indigenous automaker sold 42,006 EVs in FY2026, significantly increasing its market share from 7.8 percent to 21.2 percent.