India EV Market Reaches 2.3 Million Sales
Analysis based on 11 articles · First reported Jan 11, 2026 · Last updated Jan 12, 2026
The strong growth in India's EV market, with 2.3 million sales in 2025, indicates a positive outlook for the automotive and electric vehicle industries. Policy support and increased funding suggest continued expansion, creating opportunities for manufacturers and related businesses. The completion of the electric bus tender by Convergence Energy Services Limited also signals a push towards green public transport, benefiting companies involved in EV infrastructure and manufacturing.
India's electric vehicle (EV) market achieved a significant milestone in 2025, with total sales reaching 2.3 million units, representing 8% of all new vehicle registrations. This growth was primarily driven by supportive government policies, incentives, and strong festive demand, as detailed in the 'Annual Report: India EV Market 2025' by the India Energy Storage Alliance. Electric two-wheelers led the sales with 1.28 million units, followed by electric three-wheelers at 0.8 million units, and electric four-wheelers at 1.75 lakh units. Regionally, India — Uttar Pradesh emerged as the largest EV market, followed by India — Maharashtra and India — Karnataka. The EV sector in India also raised over $1.4 billion in funding in 2025, with India — Delhi leading in city-wise funding. A major policy development was the completion of India's largest-ever electric bus tender by Convergence Energy Services Limited under the PM E-DRIVE scheme, aiming to promote green public transport. The report forecasts sustained growth for India's EV ecosystem beyond 2025, supported by improving affordability, infrastructure development, and strong policy momentum.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard