India’s electric passenger vehicle market continued its upward trajectory in January 2026, with total registrations reaching 19,096 units. While the month-on-month growth appears modest, the broader trend tells a stronger story — the market is now nearly 50% larger than it was a year ago.
December 2025 had closed at 18,377 units, which means January saw a 3.9% sequential increase. That may not look dramatic at first glance, but it signals stability rather than volatility — something the EV segment lacked just two years ago.
The real highlight, however, is the year-on-year growth. January 2025 had recorded 12,695 units. The jump to 19,096 this year represents a 50.4% increase, underlining how mainstream the electric passenger vehicle category is gradually becoming.
Market Leaders Hold Ground
Among the top performers, the established EV leaders maintained their dominance. Tata Motors continued to anchor volumes with 8,154 units in January 2026, supported by the Nexon EV and Harrier EV. This is a 4.8% MoM increase (7,781 units in December 2025) and 46.8% YoY increase (5,555 units in January 2025).
JSW MG Motor also posted healthy numbers in January 2026; 4,946 units. With 9% MoM and 1.5% YoY increase, it showcases that they have achieved a stability in the Indian EV market primarily through sales of Windsor EV.
Mahindra sold 3,830 EVs in January 2026 to round off the top 3. This is a 2% MoM decline (3,907 units in December 2025). As sales of XEV 9S begin, Mahindra will be hoping to break into the the top 2 EV OEMs India.