India’s electric passenger vehicle (e-PV) market recorded a sharp rise in sales in FY2026, with retail deliveries reaching 199,333 units, up 83 per cent from 108,682 units in the previous fiscal, Autocar Professional reported.
The growth was supported by strong demand across segments, including a record performance in the luxury category. Sales of premium electric cars, SUVs and sedans surged over the past few years, rising from just 986 units in FY2023 to 5,404 units in FY2026 — a jump of 450 per cent.
In FY2026 alone, eight luxury e-PV manufacturers together recorded their highest-ever annual sales of 5,404 units, marking a 61 per cent increase over 3,357 units in FY2025. This translates into an additional 2,407 units sold during the year.
Among the key players, BMW India emerged as the market leader in the luxury electric segment and ranked seventh among all passenger vehicle electric manufacturers.
However, the growth trend was not uniform across the segment. Data from the VAHAN showed that four of the eight luxury carmakers recorded a decline in sales during the fiscal, even as overall demand continued to expand.
