THEBUSINESSBYTES BUREAU
NEW DELHI, FEBRUARY 11, 2026
India’s electric vehicle (EV)
market sustained its strong growth trajectory in January 2026, with retail
sales rising sharply across two-wheelers, three-wheelers, passenger vehicles
and commercial vehicles, according to the latest data released by the
Federation of Automobile Dealers Associations (FADA).
C.S Vigneshwar, President FADA
(Federation of Automobile Dealers Associations) said, “India’s EV ecosystem
continues to expand in a structurally positive manner, with January’26 reaffirming
that the transition is firmly demand-led rather than subsidy-dependent. Across
2W, 3W, PV and CV, the retail performance shows that customers are steadily
embracing electric mobility where product–market fit, economics and
availability are aligning.”
Electric two-wheelers (2W)
recorded a robust year-on-year (YoY) growth of 24.77 per cent, driven by rising
adoption among urban commuters and improving product reliability. With more
affordable models and enhanced battery performance entering the market, the
segment continues to attract first-time EV buyers.
The electric three-wheeler (3W)
category — already India’s most electrified vehicle segment — remained
resilient, registering a 26.43 per cent YoY increase in retail sales. The
steady growth reflects the strong total-cost-of-ownership advantage that
electric three-wheelers offer, particularly for last-mile connectivity and
cargo operations.
Passenger vehicles (PV) emerged
as the standout performer, with EV retail sales surging 54.75 per cent YoY. The
sharp rise highlights growing consumer confidence in long-range electric cars
and the availability of wider choices across multiple price points. Automakers
have expanded their portfolios significantly, catering to both premium and
mass-market segments.
Electric commercial vehicles (CV), though on a relatively lower base, posted an impressive 115.5 per cent YoY growth. The surge signals early but encouraging signs of fleet electrification, especially in intra-city logistics and public transport operations, where operational savings are increasingly driving adoption.
Highlighting the long-term outlook, Vigneshwar added, “As charging infrastructure expands and OEM line-ups deepen, FADA believes India is entering a decisive multi-year phase where EV adoption will grow pragmatically across segments, driven by economics, ecosystem maturity, and rising customer trust.”
