India EV Market Trend Update 2025-August/ English

India’s electric vehicle (EV) market continues its rapid expansion, driven by supportive government policies, rising consumer awareness, and increasing participation from both start-ups and established makers. The sector is witnessing strong momentum across all vehicle categories, with notable developments in infrastructure and policy.

FY24 Sales Summary

E-2 Wheelers: 1,150,725 units

E-3 Wheelers: 699,023 units

E-4 Wheelers: 112,229 units

Top EV Brands – August 2025

2-Wheelers

Brand Units Sold

TVS 24,109

OLA Electric 18,972

Ather Energy 17,871

Hero 13,315

Bajaj 11,756

4-Wheelers

Brand Units Sold

TATA Motors 7,102

MG Motor 4,782

Mahindra 3,253

Hyundai 588

BYD 450

Recent Highlights – August 2025

• First luxury 4W maker delivered more than 5,000 EVs.
• Rare Earth Shortage due to Chinese export restrictions has impacted production, notably affecting Bajaj Auto’s Chetak scooter.
• GST Reform may reduce taxes on small ICE cars, potentially narrowing the price gap with EVs and affecting entry-level EV demand.
• MSRDC to install 8 new EV charging stations on the Pune-Mumbai Expressway.

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