EV Sales January 2026: 2,29,112 Units, Up 29% YoY
Full Vahan registration report for January 2026 — total volume, month-on-month and year-on-year change, every major EV maker ranked by share, which segments those EVs are in, and the state-wise picture.
How January went
India's electric-vehicle market registered 2,29,112 vehicles in January 2026. Volumes climbed sharply 29.3% against January 2025, and rose 7.4% on December 2025. It was the strongest January in that record.
That is 10 consecutive months of year-on-year growth for the segment. Year to date, 2,29,112 units have been registered across 1 month, +29.3% on the same stretch of 2025 (1,77,195). The segment accounted for 8.0% of every vehicle registered in India that month.
January carries the new-year registration rush — buyers who took delivery in late December often register in the first week.
Monthly EV registrations, 2023–2026
One line per calendar year — the shape of the year, not just its total. The dashed end of the current year is the month so far.
Manufacturer scoreboard
Battery-EV registrations per manufacturer over 2026 year to date, and how each company's share of the EV market has moved against full-year 2025.
On share rather than volume — the number that decides who is actually winning — TVS Motor has added 3.33pp of the segment in 2026 so far, while Ola Electric has given up 4.45pp.
Top 10 EV manufacturers, 2026
Battery-EV registrations year to date
Exact segment volume per manufacturer over 2026 year to date, and the change in share against full-year 2025.
| # | Manufacturer | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|---|
| 1 | Bajaj Auto | 4,81,742 | 17.98% | +2.71pp |
| 2 | TVS Motor | 4,72,128 | 17.62% | +3.33pp |
| 3 | Ather Energy | 2,74,603 | 10.25% | +1.06pp |
| 4 | Hero MotoCorp | 1,84,661 | 6.89% | +2.10pp |
| 5 | Ola Electric | 1,13,177 | 4.22% | −4.45pp |
| 6 | Mahindra Last Mile | 1,10,607 | 4.13% | −0.04pp |
| 7 | Tata Motors (EV) | 1,07,374 | 4.01% | +0.75pp |
| 8 | Greaves Electric | 75,682 | 2.82% | +0.38pp |
| 9 | Mahindra Electric Automobile | 57,631 | 2.15% | +0.86pp |
| 10 | MG Motor | 51,599 | 1.93% | −0.50pp |
| 11 | River Mobility | 41,554 | 1.55% | +0.83pp |
| 12 | BGauss | 37,179 | 1.39% | +0.32pp |
| 13 | YC Electric | 20,875 | 0.78% | −0.97pp |
| 14 | Dilli Electric | 15,820 | 0.59% | −0.34pp |
| 15 | Saera Electric | 15,225 | 0.57% | −0.48pp |
Where the EVs are
Two-Wheelers account for 61.9% of every EV registered in 2026 so far — 16,58,799 units, a share move of +4.96pp against full-year 2025. India's EV transition is still overwhelmingly a two- and three-wheeler story rather than a car one. Cars and UVs are 9.7% of EV volume (2,58,719 units, +1.69pp).
EV volume by segment, 2026
Share of segment registrations year to date
The 2026 year to date mix.
| Segment | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|
| Two-Wheelers | 16,58,799 | 61.91% | +4.96pp |
| Three-Wheelers | 7,16,979 | 26.76% | −7.21pp |
| Cars & UVs | 2,58,719 | 9.66% | +1.69pp |
| Goods Carriers | 23,848 | 0.89% | +0.40pp |
| Taxis & Cabs | 13,830 | 0.52% | +0.17pp |
| Buses | 5,694 | 0.21% | 0.00pp |
| Other | 1,405 | 0.05% | −0.01pp |
| Tractors | 244 | 0.01% | 0.00pp |
Share is of this report's own scope over 2026 year to date, compared with the whole of 2025.
Where the demand is
Uttar Pradesh was the largest market in 2026 year to date with 3,73,513 registrations, 13.9% of the segment's national total. Maharashtra (3,00,253) and Karnataka (2,42,842) followed. Tamil Nadu has gained the most ground, adding 1.45pp of the national total.
Segment registrations over 2026 year to date, by state.
| # | State | Units | Share | vs full-year 2025 |
|---|---|---|---|---|
| 1 | Uttar Pradesh | 3,73,513 | 13.9% | −3.26pp |
| 2 | Maharashtra | 3,00,253 | 11.2% | −0.10pp |
| 3 | Karnataka | 2,42,842 | 9.1% | +0.42pp |
| 4 | Tamil Nadu | 2,27,710 | 8.5% | +1.45pp |
| 5 | Madhya Pradesh | 1,55,219 | 5.8% | −0.14pp |
| 6 | Rajasthan | 1,38,367 | 5.2% | +0.31pp |
| 7 | West Bengal | 1,32,827 | 5.0% | +0.67pp |
| 8 | Bihar | 1,29,599 | 4.8% | −0.42pp |
| 9 | Kerala | 1,24,912 | 4.7% | +0.12pp |
| 10 | Odisha | 1,24,208 | 4.6% | +1.27pp |
| 11 | Telangana | 1,10,895 | 4.1% | +0.58pp |
| 12 | Gujarat | 1,01,516 | 3.8% | +0.57pp |
Frequently asked questions
How many EVs were sold in India in January 2026?
Which company sells the most EVs in India?
What is the EV market share in India in 2026?
Which vehicle segment sells the most EVs in India?
Which state registers the most EVs in India?
Are these wholesale dispatches or retail sales?
EV sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily 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. A free, auto-updating EV registrations widget can go on any website.
