October 1, 2026 – Page 28 – FinSiddhi

EV boom gathers pace as electric car sales jump 95% on fuel prices, new models

India’s electric vehicle market recorded substantial growth in September, with sales reaching 34,894 units. This represents a 95% increase compared to last year’s figures. Tata Motors maintained its market leadership with a 42.2% share, while Mahindra followed with 22.2%. Interestingly, newer entrants like VinFast and Maruti Suzuki captured significant market shares within a short span.