Friday, June 27, 2025

India Crosses 20 Lakh EV Sales in FY25, Two-Wheelers Continue to Drive Growth

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India’s electric vehicle (EV) industry continues to accelerate with unstoppable momentum. According to the latest Annual India EV Report Card: FY2025 by JMK Research & Analytics, India crossed a significant milestone with over 20 lakh EVs sold in a single fiscal year, pushing cumulative sales to 61.65 lakh units by March 2025.

At India EV, we see this as a landmark moment — one that reflects not just a shift in mobility, but a deeper transformation in the way India moves, thinks, and invests in its transport future.


Electric two-wheelers (E2Ws) remained the undisputed leaders, contributing over 50% of the EV market share this year. Brands like Ola Electric, TVS Motors, and Bajaj commanded the space, jointly accounting for more than 70% of all registered E2Ws. Their success highlights a strong consumer preference for clean, efficient, and cost-effective daily commuting options.

According to Kunal Arya, Co-founder & MD of ZELIO E-Mobility Ltd., “Electric two-wheelers are now a default choice for many Indian commuters. The combination of better battery technology, rising fuel costs, and government support is reshaping user behaviour.”

We at India EV echo this sentiment — the synergy of tech, affordability, and access is setting the stage for exponential EV growth in the two-wheeler space.


Next in line are electric three-wheelers (E3Ws) — especially crucial for India’s vast last-mile transport ecosystem. With a 36% market share, this segment recorded an 11% YoY growth, driven largely by Mahindra Last Mile Mobility, Bajaj Auto, and YC Electric.

From passenger movement in Tier-III towns to cargo deliveries in dense urban zones, E3Ws are proving to be a dependable pillar of India’s e-mobility push.


Electric passenger cars clocked a respectable 11% growth, with Tata Motors holding a 53% market share, followed by MG Motor at 28%. However, EV adoption in this segment still lags behind, primarily due to high upfront costs and slower infrastructure rollout.

Electric buses, meanwhile, saw a 3% dip in sales, led by Tata Motors, Olectra Greentech, and PMI Electro, which together held nearly 70% of market share. The drop appears to stem from delays in public procurement and evolving state-level policies — not from a lack of long-term demand.

We believe that targeted investments, faster tenders, and better state coordination could unlock the true potential of electric public transport in the coming years.


On a regional level, Uttar Pradesh topped the charts for cumulative EV sales, followed closely by Maharashtra, Karnataka, Tamil Nadu, and Bihar. The emergence of Bihar in the top five signals a key trend: EV adoption is no longer confined to urban metros.

As Arya aptly puts it, “The next wave of EV growth is coming from India’s hinterlands. Rural and semi-urban consumers are embracing EVs for their affordability, lower maintenance, and ease of use.”

This aligns with our ongoing mission at India EV to spotlight stories beyond the metro — where real change is happening at the grassroots level.


To sustain and scale this momentum, industry voices — including ours — are calling for:

  • Localized infrastructure development like regional charging stations and battery-swapping networks.
  • Regionally tailored incentives and faster subsidy disbursals.
  • Financing schemes suited to rural and small-town users.
  • Skilling and awareness campaigns in local languages to bridge knowledge gaps.
  • We believe that India is not just witnessing a shift in mobility — it’s leading a quiet revolution that’s smart, inclusive, and electric.

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