India’s Cumulative EV Sales Cross 61.66 Lakh In FY25; Two-Wheelers Lead The Charge

India’s electric vehicle (EV) adoption saw a major boost in FY 2024–25, with cumulative sales reaching 61.66 lakh units by March-end.

Over 20 lakh EVs were sold in FY25 alone, marking a significant leap for the country’s green mobility goals, according to JMK Research’s Annual India EV Report Card for FY2025.

Electric Two-Wheelers Dominate

Electric two-wheelers (E2Ws) emerged as the top-performing segment, contributing more than 50% of the total sales during the fiscal year.

The segment recorded a year-on-year growth of approximately 19%. Ola Electric, TVS Motors, and Bajaj dominated the registered E2W space, collectively capturing over 70% of the market share.

Three-Wheelers & Cars See Steady Rise

The electric three-wheeler (E3W) category, which includes both passenger and cargo variants, witnessed an 11% annual growth. Passenger three-wheelers (E3W-P) held a 36% share of the total EV market in FY25.

Leading manufacturers in this space included Mahindra Last Mile Mobility, Bajaj Auto, and YC Electric, who together held a 25% share in the passenger segment and 19% in the cargo segment.

Electric cars also showed a strong performance, recording 11% growth over FY24.

Tata Motors remained the market leader with a commanding 53% share, followed by MG Motor at 28%, reflecting growing consumer interest and increased availability of EV models.

State-Wise Distribution Highlights Bihar’s Entry

Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, and Delhi led cumulative EV sales till March 2025.

However, in FY25 alone, Bihar made a notable entry into the top five states, displacing Delhi.

Combined, Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, and Bihar accounted for nearly 50% of India’s annual EV market.

Dip In Electric Bus Sales

Despite growth across other segments, the electric bus (E-Bus) category saw a 3% decline in sales during FY25.

Industry leaders Tata Motors, Olectra Greentech, and PMI Electro together contributed 69% of total e-bus sales.

The decline suggests a potential gap in demand or delays in large-scale government procurement.

With increasing investments, improving infrastructure, and government incentives, India’s EV sector is set to expand further.

The report suggests that stronger support for public transport electrification and enhanced state-level policies will be key to sustaining momentum.

As India moves toward its net-zero goals, FY25’s numbers reflect steady progress in the transition to electric mobility, particularly in the personal and light commercial vehicle segments.

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