The month of February 2026 saw a 21.7% MoM decline in EV Sales. Tata Motors, JSW-MG and Mahindra Electric saw significant decline but a 52.14% YoY growth shows widespread adoption.
The month of February has always been a slowdown for automobile sales. With minimal discounts on offer and usually fresh launches about to launch, customers wait for the best deals to buy their dream car. This trend continued in 2026 with 4 wheeler EV sales.
As per official Government of India data, EV sales dipped from 20,342 units in January 2026 to 15,925 units in February 2026; a 21.7% month over month decline.
Tata Motors, JSW-MG and Mahindra Electric continued to be the top electric OEMs but saw significant monthly dip. Tata Motors sold 6,278 units (28.15% drop), JSW-MG sold 3,879 units (25.76% drop) and Mahindra Electric sold 3,548 units (12.61% drop). BYD India and Kia were the only 2 automobile OEMs to see an upturn with 36.24% and 2.45% MoM increase respectively though their base volumes are low; 391 and 377 sales respectively.
A yearly growth of 52.14% compared to February 2025 (10,467 units) show how far the adoption of Electric Vehicles has come in India. Companies are taking this market segment seriously which is proven by the launch of Mahindra's XEV 9e and BE 6, Tata's Harrier EV and MG's Windsor EV Pro. Coupled with brands like VinFast and Tesla entering into the Indian market has led to this massive growth.
With uncertain crude supply creating a demand for energy independence among Indians, the EV adoption has only one to go, Upwards!
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.