India EV passenger vehicle retail jumps 81.2% to 26,682 units in May; Tata, Mahindra, MG lead
FADA data shows EV PV retail sales surged 81.2% YoY in May to 26,682 units, with Tata at 10,340 (+103.4%), Mahindra at 6,210 (+114.8%) and JSW MG at 4,984. Electric two-wheelers rose 62.76% to 1.7 lakh units, paced by TVS (42,459), Bajaj (39,202) and Ather (28,240).
What happened
FADA data shows India's EV passenger vehicle retail sales surged 81.2% YoY to 26,682 units in May, led by Tata, Mahindra and JSW MG. Electric two-wheeler sales
Key facts
- 26,682 units EV PV May
- +81.2% YoY
- Tata 10,340 units +103.42%
- Mahindra 6,210 units +114.8%
- MG 4,984 units
- E2W 1,70,733 units +62.76%
- TVS 42,459
- Bajaj 39,202
- Ather 28,240
- E3W 71,867
- ECV 2,400
Why this matters
Accelerating EV adoption and a fragmenting challenger field make this the window to lock in battery, charging and component partnerships—or acquire sub-scale OEMs—before leaders consolidate the category.