Tata, Mahindra capture 62% of India EV market as May volumes surge 79% to 26,319 units
Electric car sales jumped 79% YoY in May to 26,319 units, with Tata Motors at 38.9% share and Mahindra at 23.3%. JSW MG slid to 18.8% from 31.2% while Hyundai held just 1.7%. Vietnam's VinFast debuted at 4.7% share with 2,512 units, signalling intensifying competition in the premium EV segment.
What happened
India's electric car market surged 79% in May to 26,319 units, with Tata Motors and Mahindra capturing nearly 62% combined share. JSW MG and Hyundai lost ground
Key facts
- EV sales up 79% to 26,319 units in May
- Tata market share 38.9%
- M&M market share 23.3%
- JSW MG share 18.8% from 31.2%
- Hyundai share 1.7%
- FY27 YTD volumes 52,274 units up 77%
- VinFast 4.7% share, 2,512 units
Why this matters
VinFast's 2,512-unit debut and Hyundai's stranded 1.7% share create acquisition or JV openings for global OEMs seeking India EV exposure, while JSW MG's share erosion may force strategic partnership discussions to stabilize its position.