Electric Car Sales March 2026: Tata Motors (EV) Leads With 34.0% Share
Every electric car registered in India in March 2026, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How March went
India registered 25,404 electric cars in March 2026, +86.1% on March 2025 and +60.3% on February.
Across the 3 completed months of 2026 to March, 62,343 electric cars have been registered, +77.1% on the same months of 2025.
Electric cars were 5.9% of every car registered in March 2026, against 4.0% in March 2025 (+1.9pp).
Monthly electric car registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
Electric Car market share, March 2026
Tata Motors (EV) led the month with 8,639 registrations — 34.0% of the electric car market — ahead of Mahindra Electric Automobile on 5,998 (23.6%), a gap of 2,641 units. Tata Motors (EV) also led February.
Mahindra Electric Automobile has gained the most share against March 2025, +10.17pp to 23.6%; MG Motor has lost the most, −9.02pp to 23.4%.
The top three hold 81.1% of the segment; 23 manufacturers registered at least one electric car.
Top 10 electric car makers, March 2026
Electric car registrations only — every other vehicle type these companies make is excluded.
Share is of every electric car registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Mar 2026 | Share | MoM | YoY | Share vs Mar 2025 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 8,639 | 34.0% | +40.9% | +74.8% | −2.20pp |
| 2 | Mahindra Electric Automobile | 5,998 | 23.6% | +87.6% | +226.9% | +10.17pp |
| 3 | MG Motor | 5,957 | 23.4% | +53.1% | +34.4% | −9.02pp |
| 4 | Maruti Suzuki | 1,027 | 4.0% | +342.7% | — | +4.04pp |
| 5 | Vinfast Auto India | 779 | 3.1% | +72.0% | — | +3.07pp |
| 6 | Hyundai | 560 | 2.2% | +47.8% | −43.0% | −5.00pp |
| 7 | BMW India | 519 | 2.0% | +73.6% | +80.8% | −0.06pp |
| 8 | Byd India | 492 | 1.9% | +44.3% | +16.3% | −1.16pp |
| 9 | Kia India | 477 | 1.9% | +76.0% | — | +1.64pp |
| 10 | Tata Motors | 401 | 1.6% | +261.3% | — | +1.58pp |
| 11 | Mercedes-Benz | 118 | 0.5% | +31.1% | −45.4% | −1.12pp |
| 12 | Mahindra | 112 | 0.4% | +16.7% | −65.4% | −1.93pp |
| 13 | Mahindra Electric Mobility | 102 | 0.4% | −50.2% | — | +0.35pp |
| 14 | Others | 90 | 0.4% | — | — | +0.34pp |
| 15 | Tesla India Motors and Energy | 53 | 0.2% | +82.8% | — | +0.21pp |
| All others (8 makers) | 80 | 0.3% |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the electric car market for the six largest makers this month, over the last 15 completed months.
Electric Car market share by month
Share of the segment each month, in per cent.
Market share, 2026 to March
The same table over 2026 to March, set against the same months of 2025.
| # | Manufacturer | Units | Share | vs 2025 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 23,696 | 38.01% | −1.81pp | +69.0% |
| 2 | MG Motor | 15,366 | 24.65% | −12.21pp | +18.4% |
| 3 | Mahindra Electric Automobile | 12,810 | 20.55% | +15.11pp | +569.6% |
| 4 | Vinfast Auto India | 1,709 | 2.74% | +2.74pp | — |
| 5 | Maruti Suzuki | 1,483 | 2.38% | +2.38pp | — |
| 6 | Hyundai | 1,325 | 2.13% | −3.94pp | −37.9% |
| 7 | BMW India | 1,202 | 1.93% | −0.20pp | +60.5% |
| 8 | Kia India | 1,076 | 1.73% | +1.39pp | +796.7% |
| 9 | Byd India | 1,068 | 1.71% | −1.13pp | +6.8% |
| 10 | Mahindra Electric Mobility | 743 | 1.19% | +1.16pp | — |
| 11 | Tata Motors | 525 | 0.84% | +0.84pp | — |
| 12 | Mahindra | 495 | 0.79% | −3.18pp | −64.6% |
| 13 | Mercedes-Benz | 296 | 0.47% | −0.73pp | −30.2% |
| 14 | Tesla India Motors and Energy | 120 | 0.19% | +0.19pp | — |
| 15 | Byd Auto | 110 | 0.18% | −0.32pp | −37.5% |
How electric are cars?
The battery-electric share of all cars registered each month — the adoption curve behind the brand race above.
EV share of cars by month
Battery-electric registrations as a per cent of the whole segment. The dashed end of the current year is the month so far.
How electric is each car maker?
Every car maker's March 2026 volume, split into battery-electric and everything else (petrol, diesel, CNG and hybrid). Leave the EVs out and Maruti Suzuki leads the non-electric cars market with 37.9%.
Among the established makers, MG Motor has gone furthest: 82.7% of its cars were electric.
| # | Manufacturer | All cars | Electric | Non-EV | EV share of its sales | Share of non-EV market |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki | 1,54,369 | 1,027 | 1,53,342 | 0.7% | 37.9% |
| 2 | Tata Motors (PV) | 68,367 | 8,646 | 59,721 | 12.6% | 14.8% |
| 3 | Mahindra | 65,109 | 6,110 | 58,999 | 9.4% | 14.6% |
| 4 | Hyundai | 47,922 | 560 | 47,362 | 1.2% | 11.7% |
| 5 | Kia India | 29,967 | 477 | 29,490 | 1.6% | 7.3% |
| 6 | Toyota Kirloskar | 27,598 | 0 | 27,598 | 0.0% | 6.8% |
| 7 | Skoda | 9,744 | 0 | 9,744 | 0.0% | 2.4% |
| 8 | MG Motor | 7,207 | 5,957 | 1,250 | 82.7% | 0.3% |
| 9 | Honda Cars | 5,791 | 0 | 5,791 | 0.0% | 1.4% |
| 10 | Renault India | 3,657 | 0 | 3,657 | 0.0% | 0.9% |
| 11 | Nissan India | 2,737 | 0 | 2,737 | 0.0% | 0.7% |
| 12 | BMW India | 1,780 | 519 | 1,261 | 29.2% | 0.3% |
| 13 | Mercedes-Benz | 1,627 | 118 | 1,509 | 7.3% | 0.4% |
| 14 | Stellantis Automobiles India | 786 | 4 | 782 | 0.5% | 0.2% |
| 15 | Vinfast Auto India | 779 | 779 | 0 | 100.0% | — |
All cars: Vahan maker x month for the segment's vehicle classes, every fuel. Electric: the same table, battery-electric fuels only. Non-EV is the difference — petrol, diesel, CNG and hybrid. EV arms filed as separate makers are counted with their parent: Tata Motors (EV) with Tata Motors (PV); Mahindra Electric Automobile with Mahindra.
Where they sell
Maharashtra registered the most electric cars in March 2026 — 3,794, 14.9% of the national total. Karnataka (3,656) and Delhi (2,216) followed.
| # | State | Units | Share | YoY |
|---|---|---|---|---|
| 1 | Maharashtra | 3,794 | 14.9% | +53.8% |
| 2 | Karnataka | 3,656 | 14.4% | +174.9% |
| 3 | Delhi | 2,216 | 8.7% | +37.6% |
| 4 | Gujarat | 2,200 | 8.7% | +363.2% |
| 5 | Tamil Nadu | 1,881 | 7.4% | +111.8% |
| 6 | Rajasthan | 1,800 | 7.1% | +178.6% |
| 7 | Telangana | 1,747 | 6.9% | +90.9% |
| 8 | Kerala | 1,655 | 6.5% | −8.5% |
| 9 | Uttar Pradesh | 1,631 | 6.4% | +95.6% |
| 10 | Madhya Pradesh | 1,096 | 4.3% | +201.1% |
| 11 | Odisha | 686 | 2.7% | +130.2% |
| 12 | Andhra Pradesh | 657 | 2.6% | +139.8% |
Frequently asked questions
How many electric cars were sold in India in March 2026?
Which company sold the most electric cars in March 2026?
What is the electric car market share of each brand?
What share of cars sold in India are electric?
Which state buys the most electric cars?
How are these numbers measured?
Electric Car sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
