India’s EV Industry Hits New Peak with Record 2W & 3W Sales; 1.84 Million Units Sold Between January–October, Poised to Cross 2 Million Milestone for the First Time in a Calendar Year
- EV Growth Gains Traction Across All Segments
- Electric Two-Wheelers: Dominating the Market with 61% Share
- Electric Three-Wheelers: Strong Growth, Poised for Record Year
- Electric Passenger Vehicles: Fastest Growing Segment with 57% YoY Growth
- Electric Commercial Vehicles: Rapid Expansion Driven by Last-Mile Demand
- India EV Inc Set to Cross 2 Million Units in 2025
- Industry Outlook: Charging Ahead Despite Policy Shifts
- Comment by Author
India’s electric vehicle (EV) industry is racing ahead at full charge, setting a new monthly record in October 2025 with 2,34,274 units sold, a 7% year-on-year (YoY) increase from October 2024’s 2,19,722 units. This marks the highest monthly EV sales ever recorded in India, translating to 7,557 EVs sold every single day in October.
Even more significantly, the momentum is broad-based — all major vehicle segments, including two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles, have posted year-on-year growth. This surge underscores the sector’s strong resilience, even as internal combustion engine (ICE) vehicles saw price cuts following GST 2.0.
EV Growth Gains Traction Across All Segments
According to Vahan data (November 3, 2025), India’s EV market demonstrated consistent expansion across every major vehicle category:
| Segment | October 2025 | October 2024 | YoY % Change |
| Two-wheelers | 1,43,814 | 1,40,225 | +3% |
| Three-wheelers | 70,604 | 67,173 | +5% |
| Passenger vehicles | 17,942 | 11,444 | +57% |
| Commercial vehicles | 1,902 | 860 | +121% |
| Total | 2,34,274 | 2,19,722 | +7% |
Each sub-segment’s performance reinforces the industry’s growth story, driven by rising consumer awareness, expanding charging infrastructure, and improving affordability.
Electric Two-Wheelers: Dominating the Market with 61% Share
The electric two-wheeler (e-2W) segment continues to be India’s EV powerhouse, accounting for 61% of total EV sales.
In October 2025, the segment achieved its best-ever monthly sales at 1,43,814 units, up 3% YoY on a strong base. This performance surpasses the previous records of March 2024 (1,40,350 units) and October 2024 (1,40,225 units).
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The first 10 months of 2025 have been particularly robust, with 1.06 million e-2Ws sold between January and October, marking 11% growth YoY. This puts the industry just 85,950 units away from breaking its CY2024 record of 1.14 million units, a milestone expected to be crossed in November 2025.
At the current pace, the electric two-wheeler sector could close CY2025 at 1.25 million units, setting a new benchmark for India’s EV revolution.
The top six OEMs — Bajaj Auto, TVS Motor Co., Ather Energy, Hero MotoCorp, Ola Electric, and Greaves Electric Mobility — command 89% of the market share, leaving only 10% for nearly 190 smaller players. Notably, Bajaj Auto reclaimed the top position in October, dethroning TVS after six months.
Electric Three-Wheelers: Strong Growth, Poised for Record Year
The electric three-wheeler (e-3W) segment, which contributes 30% of total EV sales, is witnessing a steady transition from internal combustion engines to clean energy.
October 2025 marked a milestone with 70,604 units sold, up 5% YoY, and the first time the segment has crossed the 70,000-unit mark in a single month. This beats the previous record of 69,125 units set in July 2025.
Between January and October 2025, the segment registered 6,25,866 units, up 10% YoY (2024: 5,68,478 units), representing 90% of its CY2024 total (6,91,302 units). If the current pace continues, India’s e-3W sales will exceed 7,50,000 units by December 2025, marking an 8.5% YoY growth on a strong base.
Leading the charge in this category are Mahindra Last Mile Mobility, Bajaj Auto, YC Electric, TVS Motor Co., Saera Electric Auto, and Dilli Electric Auto, with Mahindra, Bajaj, and TVS posting their highest-ever monthly sales in October.
This segment is rapidly becoming the front-runner in India’s urban mobility transformation, thanks to its widespread use in last-mile connectivity and commercial transportation.
Electric Passenger Vehicles: Fastest Growing Segment with 57% YoY Growth
The electric passenger vehicle (e-PV) market is now firmly in acceleration mode, recording 17,942 units in October 2025, a 57% YoY rise (October 2024: 11,444 units) and 9% month-on-month growth.
Despite strong competition from traditional passenger vehicles — which sold over 500,000 units during the festive season — electric cars, SUVs, and MPVs made a solid comeback after a slight September dip.
The segment currently holds an 8% share of India’s EV market, reflecting the growing consumer preference for electric mobility in the premium segment.
Tata Motors continues to dominate with a 40% market share, while Mahindra & Mahindra, JSW MG Motor India, Kia, BYD, and Hyundai are expanding their presence. Kia India’s Carens Clavis EV has emerged as a new favorite, recording 655 units sold in October.
Additionally, Tesla and VinFast have entered India’s e-PV market, joining 14 existing OEMs — signaling stronger global confidence in India’s EV ecosystem.
Electric Commercial Vehicles: Rapid Expansion Driven by Last-Mile Demand
Although still the smallest segment, the electric commercial vehicle (e-CV) space is showing remarkable momentum.
October 2025 saw 1,902 units sold, a massive 121% YoY growth from 860 units in October 2024. The light goods vehicle (LGV) sub-segment led the way with 1,497 units, reflecting a 239% YoY jump on a low base.
The surge in e-LGVs reflects rising demand for zero-emission logistics, especially from e-commerce and delivery service providers in India’s top cities.
However, the electric bus market recorded 290 units sold, down 28% YoY (October 2024: 404 units), mainly due to delayed procurement cycles in state transport undertakings (STUs).
Even so, the commercial segment’s trajectory points to growing adoption of clean transport solutions for freight and passenger mobility.
India EV Inc Set to Cross 2 Million Units in 2025
Between January and October 2025, India recorded 18,46,393 EVs sold, marking a 14% YoY increase and an additional 2,31,949 units compared to 2024.
| Segment | Jan–Oct 2025 | Jan–Oct 2024 | YoY % Change |
| Two-wheelers | 6,25,866 | 4,56,868 | +37% |
| Three-wheelers | 1,12,075 | 30,446 | +268% |
| Passenger vehicles | 81,399 | 59,562 | +37% |
| Commercial vehicles | 8,828 | 6,456 | +37% |
| Total | 8,28,261 | 5,53,400 | +49% (approx.) |
To reach the 2 million milestone, manufacturers only need to sell another 1.53 lakh units, a target expected to be achieved by mid-November 2025. Industry analysts project CY2025 total sales to hit around 2.15 million units — making it the strongest year in India’s EV history.
Industry Outlook: Charging Ahead Despite Policy Shifts
What makes this growth story particularly remarkable is that October 2025 was the first full month after GST 2.0 reforms, which reduced prices of ICE vehicles. Despite this, EV sales surged, signaling that Indian consumers are embracing electric mobility not merely for price benefits but also for performance, sustainability, and long-term savings.
Industry experts suggest that this performance will further boost investor confidence, accelerate local manufacturing, and expand charging infrastructure, which are vital to India’s 2070 net-zero emission target.
With state and central governments offering incentives, and companies investing heavily in battery R&D, the EV ecosystem is now more robust and future-ready than ever.
Comment by Author
The record-breaking October 2025 reflects not just strong festive demand but also a fundamental market shift toward sustainable mobility. The electric vehicle industry has proven its resilience by maintaining growth even after policy shifts that favored ICE vehicles.
As India’s EV ecosystem matures, competition among OEMs is fostering innovation, pricing efficiency, and better consumer awareness. The next challenge lies in scaling charging infrastructure, localizing battery production, and ensuring affordability for mass adoption.At this pace, India is poised to become one of the world’s largest EV markets, not just in numbers, but in technological capability and sustainability leadership.
