India’s EV Market Rebounds Strongly in October 2025
India’s electric vehicle (EV) market saw a sharp recovery in October 2025 after a temporary dip in September. According to Vahan data, 17,783 electric cars and SUVs were retailed across India last month — a 56% year-on-year (YoY) rise from 11,444 units in October 2024 and a 9% month-on-month (MoM) increase over September’s 16,354 units.
The surge came in tandem with the overall passenger vehicle (PV) market crossing a record 5,00,000 unit dispatches in a single month. This positive trend signals growing consumer confidence and expanding EV adoption post the rollout of GST 2.0 on September 22, 2025.
GST 2.0 Spurs EV Sales Momentum
The new GST regime has played a crucial role in narrowing the cost gap between internal combustion engine (ICE) cars and EVs. With the tax rate on small cars reduced from 28% to 18% and the compensation cess withdrawn, EVs—still taxed at just 5%—have become much more price competitive. This change has particularly benefitted entry-level and mass-market EVs.
October also marked the first full month of EV sales under GST 2.0 and the second month of operations for new entrants Tesla and Vinfast, both of which have started local deliveries.
Tata Motors Retains Leadership with 40% Market Share
- Sales: 7,118 units
- YoY Growth: +8%
- Market Share: 40%
Tata Motors continued to dominate India’s EV space with 7,118 units sold in October 2025 — its second-best monthly performance after 7,503 units in August. Demand was primarily driven by the Punch EV, Nexon EV, and Curvv EV, while the recently launched Harrier EV added fresh momentum.
With steady growth of 7% month-on-month, Tata Motors remains India’s undisputed EV leader, comfortably ahead of its rivals.
JSW MG Motor India Holds Strong at No. 2
- Sales: 4,497 units
- YoY Growth: +61%
- Market Share: 25%
MG Motor India recorded robust YoY growth of 61%, with October sales reaching 4,497 units. The brand’s Windsor EV and Battery-as-a-Service (BaaS) model have resonated well with customers, while its new MG M9 MPV and Cyberster roadster, sold through the premium MG Select network, helped it capture a 25% share of the EV market.
Mahindra Sees Triple-Digit Growth with BE Series
- Sales: 3,867 units
- YoY Growth: +303%
- Market Share: 22%
Mahindra posted an impressive 303% year-on-year jump, fueled by demand for its born-electric BE 6 and XEV 9e SUVs. Combined with the XUV400, the brand’s EV lineup continues to gain traction, pushing Mahindra’s monthly sales to 3,867 units — an 11% MoM increase and a 22% market share.
Kia Climbs to Fourth Place with Record Sales
- Sales: 655 units
- YoY Growth: +1,293%
- Market Share: 4%
Kia India achieved its best-ever monthly EV sales in October, retailing 655 units, thanks to rising demand for the locally manufactured Carens Clavis EV. The brand’s EV portfolio—also including the imported EV6 and EV9—helped Kia rise from ninth place a year ago to No. 4 in October 2025.
BYD India and Hyundai Round Out the Top Six
BYD India
- Sales: 560 units
- Change: -6% MoM
- Models: Atto 3, Seal, eMax 7, Sealion 7
BYD slipped slightly in October, selling 560 units, down from 595 in September. Despite the decline, the brand continues to be a key player with its premium lineup of electric SUVs and sedans.
Hyundai Motor India
- Sales: 437 units
- YoY Growth: +1,224%
- Market Share: 2%
Hyundai’s EV sales have surged over twelvefold year-on-year, led by the Creta Electric and Ioniq 5. However, demand for the Creta Electric—launched in January 2025—has plateaued after initial highs, with 437 units sold in October.
Vinfast Makes Debut in India’s EV Charts
Vietnamese automaker Vinfast entered India’s EV market with a modest yet promising 131 units sold in October. The company’s VF6 and VF7 SUVs, assembled locally, helped it secure the eighth position among all EV manufacturers.
Luxury EV Market: BMW Maintains Lead, Tesla Gains Traction
While luxury EV sales grew 33% YoY to 467 units, they fell 14% from September.
BMW India
- Sales: 303 units
- Market Share: 65%
BMW retained its luxury EV leadership, despite a slight dip from 333 units in September.
Mercedes-Benz India
- Sales: 90 units
- Change: -17% MoM
Mercedes-Benz ranked second among luxury EV brands but saw a significant 44% YoY drop.
Tesla India
- Sales: 40 units
- Bookings: 600+ for Model Y
Tesla delivered 40 units of the Model Y in October across Mumbai, Delhi, Pune, and Gurugram. In two months, it has sold 109 units, signaling growing premium EV demand despite limited availability.
Other luxury brands such as Volvo (20 units), Porsche (13 units), and Audi (1 unit) contributed marginally to overall EV sales.
India’s Cumulative EV Sales Cross 1.4 Lakh Units in 2025
Between January and October 2025, 1,44,352 electric passenger vehicles have been sold — already surpassing the 99,688 units recorded in 2024. If current momentum continues, EV sales could hit 1.7–1.8 lakh units by year-end, setting a new record for India’s electric mobility journey.
Key Takeaways:
- Tata Motors leads with 40% EV market share
- MG and Mahindra strengthen their foothold
- GST 2.0 boosts affordability and adoption
- Luxury EV segment grows despite MoM slowdown
- Cumulative 2025 EV sales already exceed 2024 total
Electric Car and SUV Retail Sales – October 2025
| Rank | Manufacturer | Oct 2025 Sales | Sep 2025 Sales | MoM Change |
|---|---|---|---|---|
| 1 | Tata Motors | 7,118 | 6,634 | +7% |
| 2 | JSW MG Motor India | 4,497 | 4,159 | +8% |
| 3 | Mahindra | 3,867 | 3,490 | +11% |
| 4 | Kia | 655 | 528 | +24% |
| 5 | BYD India | 560 | 595 | -6% |
| 6 | Hyundai | 437 | 364 | +20% |
| 7 | BMW India | 303 | 333 | -9% |
| 8 | Vinfast | 131 | 6 | +2083% |
| 9 | Mercedes-Benz India | 90 | 108 | -17% |
| 10 | Citroën | 52 | 37 | +41% |
| 11 | Tesla India | 40 | 69 | -42% |
| 12 | Volvo India | 20 | 24 | -17% |
| 13 | Porsche | 13 | 6 | +117% |
| 14 | Rolls-Royce | 0 | 1 | -100% |
| 15 | Audi | 1 | 0 | – |
Total: 17,772 units (up 9% MoM)
Read More: