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At the top of the chart was Tata Motors which continued to dominate the EV space in FY26; top three players controlled over 85% market share
The electric PV space saw rapid expansion in FY2026 with multiple brands scaling up volumes as the transformation picked up across segments enabling nearly two lakh unit sales according to FADA info. At the top of the chart was Tata Motors which continued to dominate the EV market by a comfortable margin and the top three players controlled over 85% of market share.
Tata recorded 78,811 units in FY26 – up from 57,994 units in FY25 with a 35.9 per cent increase courtesy of Nexon EV, Punch EV and Harrier EV. JSW MG Motor India emerged as the second largest EV player. The brand posted a massive growth of 73.7 per cent with volumes rising to 53,089 units from 30,569 units in the previous year.
Its expanding portfolio and improving reach have helped it close the gap with the market leader as the Windsor EV has been well received by consumers. One of the biggest movers this year was Mahindra & Mahindra which saw explosive growth of over 400 per cent. Sales jumped from just 8,426 units in FY25 to 42,721 units in FY26 as the XEV 9e, BE 6 and XEV 9S gain immense popularity.
Also Read: Maruti Suzuki Registers Record FY26 Sales; Highest Export Tally Ever
|
OEM |
FY26 Sales |
FY25 Sales |
YoY % |
|---|---|---|---|
|
Tata Motors |
78,811 |
57,994 |
35.90% |
|
JSW MG Motor |
53,089 |
30,569 |
73.67% |
|
Mahindra & Mahindra |
42,721 |
8,426 |
407.01% |
|
Hyundai Motor India |
5,885 |
2,477 |
137.59% |
|
BYD India |
5,361 |
3,481 |
54.01% |
|
Kia India |
3,738 |
418 |
794.26% |
|
BMW India |
3,537 |
1,580 |
123.86% |
|
VinFast Auto India |
2,390 |
– |
0.00% |
|
Maruti Suzuki |
1,416 |
– |
0.00% |
|
Mercedes-Benz AG |
1,047 |
1,157 |
-9.51% |
|
Stellantis Automobiles India |
576 |
2,013 |
-71.39% |
|
Volvo Auto India |
382 |
403 |
-5.21% |
|
Tesla India Motors |
342 |
– |
0.00% |
|
Others |
628 |
355 |
76.90% |
|
Total |
1,99,923 |
1,08,873 |
83.63% |
Further down the list, Hyundai Motor India also posted solid gains with volumes more than doubling to 5,885 units as the Creta Electric has been a decent contributor in the midsize electric SUV segment. Similarly, BYD India recorded a 54.0 per cent increase – reaching 5,361 units as it continued to consolidate its presence in the premium EV space.
Another standout performer was Kia India which registered the highest growth rate among major players. Sales surged from just 418 units in FY25 to 3,738 units in FY26 with an impressive 794.3 per cent rise as the arrival of the Carens Clavis EV proved to be a game changer for the Korean automaker.
Also Read: Tata Safari EV To Be Launched In Late 2026 – 500 Km Range & AWD
Luxury brands also saw notable improvement in zero-emission vehicle sales last FY. BMW India more than doubled its EV volumes to 3,537 units while Mercedes-Benz reported a slight decline to 1,047 units. Volvo Auto India also saw a marginal dip – ending the year at 382 units. VinFast and Tesla recorded volumes of 2,390 units and 342 units respectively while Maruti Suzuki began its EV journey with 1,416 units thanks to e Vitara.
The electric passenger vehicle market nearly doubled in FY2026 with total volumes reaching 1,99,923 units compared to 1,08,873 units in FY25 with an 83.6 per cent rise. While Tata Motors continues to lead, the rapid growth of rivals like MG and Mahindra confirms that competition is only set to intensify in the coming years.
The post Top 10 EV Brands FY26 – Tata Leads MG, Mahindra, Hyundai, BYD & Kia appeared first on Gaadiwaadi.com – Latest Car & Bike News by Surendhar M.