Indian Economy News

India's EV sales hit record high as e-2W cross 2 lakh mark

  • IBEF
  • August 4, 2026

India's electric vehicle (EV) market recorded its highest-ever monthly sales in July 2026, with registrations across all vehicle categories rising over 66% year-on-year to around 3.30 lakh units, compared with just under 2 lakh units in July 2025. The milestone was driven by robust growth in the electric two-wheeler (e-2W) segment, which crossed the 2 lakh monthly registration mark for the first time, supported by elevated fuel prices, a wider range of EV models and an expanding dealer network. According to Vahan data, EV registrations had already reached 3.10 lakh units in June 2026, reflecting sustained momentum in electric mobility adoption across the country. The strong performance underscores the growing acceptance of electric vehicles among consumers and reinforces India's position as one of the world's fastest-growing EV markets.

The continued expansion of India's EV ecosystem is being supported by improving charging infrastructure, increasing product availability and rising consumer confidence in electric mobility. The record growth across vehicle segments highlights the accelerating transition towards cleaner transportation and reduced dependence on conventional fossil-fuel vehicles. Industry stakeholders expect the sustained momentum to further strengthen domestic EV manufacturing, encourage investments across the value chain and support India's long-term sustainability and energy transition goals. The milestone also reflects the increasing contribution of electric mobility to the country's automotive sector and its broader objective of building a globally competitive clean mobility ecosystem.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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