GaadiWaadi –
Electric car sales in May 2026 saw Tata Motors retaining top spot ahead of Mahindra, JSW MG Motor and Maruti Suzuki
The zero-emission PV space recorded one of its significant months on record in May 2026 as registrations surged 79 per cent year-on-year to 26,319 units. It comes on the back of increasing fuel prices, expanding charging infrastructure and a growing number of EV choices across different price segments and body styles.
While the market itself expanded rapidly, the battle for leadership remains heavily tilted towards Tata Motors and Mahindra. They accounted for more than 62 per cent of all electric car registrations during the month. Tata Motors retained the top position with a market share of 38.9 per cent last month – up from 34.5 per cent in the same month last year.
The company continues to benefit from a wide EV portfolio consisting of the Tiago EV, Punch EV, Nexon EV, Curvv EV and Harrier EV. It will further be strengthened with the Sierra EV this quarter as the midsize electric SUV will be available with two battery packs and a possible AWD system with the driving range of over 500 km.
Also Read: Honda India’s Revival Plan Hinges On New SUVs, Hybrids & A Localised EV
|
Manufacturer |
May 2026 Share |
May 2025 Share |
Change (pp) |
|---|---|---|---|
|
Tata Motors |
38.9% |
34.5% |
+4.4 |
|
Mahindra |
23.3% |
19.6% |
+3.7 |
|
JSW MG Motor |
18.8% |
31.2% |
-12.4 |
|
Maruti Suzuki |
6.0% |
N/A |
N/A |
|
VinFast |
4.7% |
N/A |
N/A |
Mahindra emerged as the biggest mover among the established players. The brand increased its market share from 19.6 per cent to 23.3 per cent during May. Registrations more than doubled to 6,133 units due to impressive demand for the XEV 9e, XEV 9S and BE 6 electric SUVs based on the dedicated INGLO skateboard architecture.
The biggest surprise in the rankings came from JSW MG Motor India. Despite remaining in third position, MG’s share declined sharply from 31.2 per cent in May 2025 to 18.8 per cent this year. Although the company continues to benefit from products such as the Windsor EV, rivals have expanded their portfolios aggressively.
Also Read: Mahindra To Launch 16 New ICE & Electric SUVs By 2031 In India
Further down the order, Maruti Suzuki held a 6 per cent share of the market. The arrival of the e Vitara is expected to bring in more volumes to the company over the coming months. Another noteworthy development was the emergence of VinFast. The Vietnamese manufacturer captured a 4.7 per cent market share and registered 2,512 vehicles.
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