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Electric PV retail sales surge 95% to 36,108 units in September as penetration reaches 8.5%
FADA said the sharp rise in EV demand lifted electric passenger vehicle market penetration from 5.7% a year earlier to its September 2026 level.
Why it matters to operators and investors
A rise in EV share of passenger vehicle retail from 5.7% to 8.5% in September 2026 points to a real mix shift at dealerships, so favour companies with strong EV order books, but confirm the trend holds beyond one month of FADA data.
What to watch next
- FADA's October retail data: whether EV penetration holds above 8.5% or falls back
- Whether monthly electric PV retail volumes stay above September's 36,108 units
- New EV launches, price cuts or discount announcements from major passenger vehicle makers
- Any change to central or state EV incentives, taxes or charging-infrastructure policy
- Dealer commentary on EV inventory levels, waiting periods or delivery delays
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Also reported by CNBC-TV18, Business Standard Companies & Industry, Financial Express Business, Auto & Life
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