GaadiWaadi –
As per the Vahan portal, electric car registrations surged to 1,93,633 units in FY26 with a massive jump from 1,01,205 units the previous year
The electric vehicle segment endured impressive sales numbers through FY2025–26. A big part of this story lies in how the ecosystem has evolved as charging networks are no longer a major concern in key regions and financing has become far more accessible. In addition, consumers now have a wider selection of well-equipped models to choose from across segments.
Add to that lower battery costs and better localisation, and EVs have started making more financial sense than ever before. Global factors have also quietly influenced buying decisions. With fuel prices staying unpredictable due to ongoing geopolitical tensions, many customers are beginning to see zero-emission vehicles as a more stable option.
As per the Vahan portal, electric car registrations surged to 1,93,633 units in FY26 with a massive jump from 1,01,205 units sold during the same period the previous fiscal. Two-wheelers, which already dominate EV volumes, continued their positive growth trend as well. Registrations climbed to around 1.40 million units in FY26.
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The numbers were up from 1.15 million units the previous year and under one million units in FY24. More importantly, the surge in volumes came toward the end of the year. Electric car numbers rose from 14,177 units in February to 21,716 units in March while two-wheelers saw an even bigger spike – jumping from 1,08,357 units to 1,84,300 units in the same period.
The year-end buying behaviour combined with dealer-level incentives and dispatch pushes played a major role in boosting registrations. Despite a gradual reduction in incentives, electric two-wheelers are apparently moving into a more stable area of growth with market share now hovering around 9 per cent – a noticeable jump from around 6.3 per cent a year earlier.
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With the impending arrival of new models across different price brackets, the electric four-wheeler and two-wheeler segments will witness greater footfall this financial year as competition will intensify making way for more value for money offerings and improved technologies as well as range capabilities and infrastructure.
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