India recorded 19,096 electric vehicle registrations in January 2026, marking steady month-on-month growth and a sharp 50% jump compared to January last year. Tata, JSW-MG and Mahindra lead the market.
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.
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.
What stands out most about January 2026 is not explosive growth but stability.
The EV market has now consistently remained above the 18,000-unit mark for two consecutive months. That signals a new base level for the segment.
Earlier, monthly EV volumes often fluctuated sharply based on supply disruptions or festive demand cycles. The current pattern suggests maturing supply chains and more predictable consumer demand.
Crossing 19,000 units in a non-festive month indicates that India’s EV adoption is gradually decoupling from event-driven spikes.
With multiple new models scheduled for launch in 2026 and charging infrastructure expanding steadily across key corridors, the foundation appears stronger than it did a year ago.
If the 50% year-on-year growth trend sustains through the first quarter, 2026 could set new benchmarks for India’s electric passenger vehicle market.
Note: Sales figures are based on government vehicle registration data as of February 7, 2026.
Suhail Gulati
Suhail Gulati is the founder of ElecTree and an economist by training. He holds a Master's degree in Economics from the Delhi School of Economics and has worked in credit, retail banking, and financial stress testing at Barclays and American Express. He founded ElecTree in 2023 — building it into India's dedicated platform for 4-wheeler EV data, sales analysis, and original reporting. His work sits at the intersection of economic analysis and electric mobility — bringing a banker's rigour to a sector that deserves it.