India’s electric passenger vehicle market continued its strong expansion in August 2026, with registrations rising sharply compared with the same period last year. At the same time, the monthly numbers point to a moderation from July levels as competition within the segment intensifies.
According to Vahan registration data downloaded on September 3, 2026, India recorded 30,051 electric passenger vehicle registrations in August 2026. This was 53.1% higher than the 19,629 units registered in August 2025.
However, registrations declined 11.1% month-on-month, compared with the 33,791 units recorded in July 2026.
Tata Motors continued to command the largest share of the market, while Mahindra retained second place. MG slipped further down the rankings, as VinFast climbed to fourth and Maruti Suzuki established itself among the top five EV manufacturers.
August 2026 Electric Passenger Vehicle Registration Performance
| Rank | OEM | Aug 2026 | Aug 2025 | YoY Growth | July 2026 | MoM Growth | Aug’26 Market Share |
|---|---|---|---|---|---|---|---|
| 1 | Tata Motors | 13,158 | 8,064 | +63.2% | 14,374 | -8.5% | 43.8% |
| 2 | Mahindra | 6,464 | 4,139 | +56.2% | 8,093 | -20.1% | 21.5% |
| 3 | MG | 4,622 | 5,622 | -17.8% | 5,942 | -22.2% | 15.4% |
| 4 | VinFast | 2,199 | — | — | 1,532 | +43.5% | 7.3% |
| 5 | Maruti Suzuki | 1,412 | — | — | 1,667 | -15.3% | 4.7% |
| 6 | Hyundai | 803 | 686 | +17.1% | 594 | +35.2% | 2.7% |
| 7 | Kia | 645 | 501 | +28.7% | 607 | +6.3% | 2.1% |
| 8 | BYD | 543 | 581 | -6.5% | 805 | -32.5% | 1.8% |
| 9 | Toyota | 161 | — | — | 124 | +29.8% | 0.5% |
| 10 | Citroen | 44 | 36 | +22.2% | 53 | -17.0% | 0.1% |
| Total | Industry | 30,051 | 19,629 | +53.1% | 33,791 | -11.1% | 100% |
Source: Vahan portal; data downloaded on September 3, 2026.
Tata Motors Extends Its Lead
Tata Motors remained the dominant force in India’s electric passenger vehicle market during August.
The company registered 13,158 EVs, compared with 8,064 units a year earlier. This represents a substantial 63.2% YoY increase.
On a monthly basis, Tata’s registrations declined 8.5%, from 14,374 units in July.
Despite this sequential drop, Tata increased its share of the overall EV market. Its contribution rose from 41.1% in August 2025 to 43.8% in August 2026, equivalent to a 2.7 percentage-point improvement.
In other words, almost 44% of all electric passenger vehicles registered in India during August came from Tata Motors.
Mahindra Strengthens Its Second Position
Mahindra continued to occupy the second spot with 6,464 electric vehicle registrations.
The company delivered a strong 56.2% YoY increase, compared with 4,139 registrations in August 2025.
Mahindra’s market share edged up from 21.1% to 21.5% over the same period.
The monthly picture was weaker, however. Registrations dropped 20.1% from July, when Mahindra recorded 8,093 units.
Tata Motors and Mahindra together accounted for approximately 65.3% of India’s electric passenger vehicle registrations in August, underlining the strong position of domestic manufacturers in the segment.
MG Loses Ground as Competition Broadens
MG finished August in third place with 4,622 registrations, but the company’s performance weakened considerably compared with last year.
Its registrations were 17.8% lower YoY, falling from 5,622 units in August 2025. Volumes also declined 22.2% MoM, compared with 5,942 units in July.
The biggest change was visible in market share.
MG’s share fell from 28.6% in August 2025 to 15.4% in August 2026, representing a decline of approximately 13.3 percentage points.
The sharp reduction highlights how rapidly India’s electric car market has expanded, with new manufacturers and additional products taking an increasing portion of the overall market.
VinFast Moves Into Fourth Place
One of the most notable developments in August was VinFast’s rise to fourth position in the electric passenger vehicle registration rankings.
The Vietnamese EV manufacturer recorded 2,199 registrations, giving it 7.3% market share during the month.
VinFast also recorded the strongest sequential growth among the manufacturers in the table, with registrations increasing 43.5% from July’s 1,532 units.
There is no comparable August 2025 registration figure in the dataset, so a YoY growth rate is not available.
Nevertheless, moving to fourth place in monthly registrations represents a notable early milestone for VinFast as it builds its presence in India’s EV market.
Maruti Suzuki Enters the Top Five
Maruti Suzuki registered 1,412 electric passenger vehicles in August, placing fifth overall.
The company accounted for 4.7% of the market.
Compared with July’s 1,667 registrations, Maruti’s volumes declined 15.3% MoM.
There is no comparable August 2025 registration number in the dataset, reflecting the company’s relatively recent presence in India’s electric passenger vehicle segment.
Although Maruti’s EV share is still significantly below its position in the overall passenger vehicle market, its fifth-place ranking demonstrates that it is already becoming a meaningful participant in the electric car space.
Hyundai Gains Momentum
Hyundai recorded 803 electric vehicle registrations in August.
Its volume increased 17.1% YoY, rising from 686 units in August 2025.
The company also delivered one of the stronger month-on-month performances, with registrations climbing 35.2% from July’s 594 units.
Despite this growth, Hyundai’s market share declined from 3.5% last year to 2.7%, primarily because the overall EV market expanded at a much faster rate.
Kia Posts Growth on Both Comparisons
Kia registered 645 electric vehicles during August.
Its volumes increased 28.7% compared with August 2025, when the company recorded 501 units.
Kia also managed to grow sequentially, with registrations rising 6.3% from July’s 607 units.
The company held 2.1% market share during August, compared with 2.6% a year earlier.
BYD Faces Another Weak Month
BYD recorded 543 electric car registrations in August.
The figure was 6.5% below its August 2025 volume of 581 units.
The month-on-month decline was considerably sharper, with registrations falling 32.5% from July’s 805 units.
As a result, BYD’s market share decreased from 3.0% in August 2025 to 1.8% in August 2026.
Toyota Posts Nearly 30% Monthly Growth
Toyota registered 161 electric vehicles in August.
The company had recorded 124 units in July, translating into a 29.8% MoM increase.
Toyota’s market share stood at approximately 0.5% during the month.
Citroen Closes the Top 10
Citroen completed the top ten with 44 electric vehicle registrations.
The company recorded 22.2% YoY growth, compared with 36 units in August 2025.
However, its monthly registrations fell 17.0% from July, when it recorded 53 units.
Citroen’s market share remained at approximately 0.1%.
EV Market Grows Rapidly Despite August Correction
August’s registration data presents two contrasting trends.
On an annual basis, India’s electric passenger vehicle market expanded by an impressive 53.1%, rising from 19,629 registrations in August 2025 to 30,051 units this year.
On the other hand, registrations were 11.1% lower than July, indicating that the market experienced some short-term moderation.
The competitive landscape has also changed considerably.
Tata Motors continues to hold a commanding lead, while Mahindra has strengthened its position as the second-largest player. Together, the two manufacturers controlled around 65.3% of the market in August.
At the same time, MG’s share has fallen substantially as newer entrants and established manufacturers expand their EV portfolios.
The rise of VinFast to fourth place, combined with Maruti Suzuki’s position in the top five, highlights the increasingly diverse nature of India’s electric car market.
Hyundai and Kia also posted positive annual growth, while Toyota delivered strong sequential growth. In contrast, BYD, MG and Mahindra experienced notable month-on-month declines.
Overall, the August figures indicate that India’s electric passenger vehicle market continues to expand at a rapid pace, even as individual manufacturers experience significant shifts in monthly volumes and market share. The increasing presence of both established automakers and newer EV-focused brands is likely to make the segment considerably more competitive going forward.
