India EV Market Trend Update 2026-February/ 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.

FY24-25 Sales Summary

E-2 Wheelers: 1,150,725 units
E-3 Wheelers: 699,023 units
E-4 Wheelers: 112,229 units

Top EV Brands – February 2026

Recent Highlights – February 2026

• V supply chain, batteries, magnets in focus (Budget)
• Government sharply cuts EV charger benchmark prices.
• TATA launches new facelifted Punch EV to expand its presence to entry-level
• Yamaha launch EV model for the first time in India

For full report, refer to this link.