India’s electric vehicle (EV) market closed December 2025 with a mix of short-term moderation and strong year-on-year growth across major segments, highlighting the sector’s continued structural expansion despite monthly fluctuations.
According to vehicle registration data from the VAHAN portal, sales of high-speed electric two-wheelers (HS E2Ws) declined by 17% month-on-month to 97,368 units. However, the segment recorded a robust 33% year-on-year increase compared to December 2024, underlining sustained consumer interest in electric mobility. Market concentration remained high, with the top three manufacturers accounting for nearly 63% of total registrations.
The passenger electric three-wheeler (E3W) segment delivered strong growth, registering 77,769 units in December. This represented a 7% rise over November 2025 and a significant 51% increase year-on-year, reflecting expanding adoption in urban and semi-urban transport. Despite growing volumes, the market remained fragmented, with the top eight players together holding around 39% share.
Electric passenger cars also recorded steady momentum. E-car sales reached 14,887 units, up 70% year-on-year, though month-on-month growth remained muted at 1%. Tata Motors continued to dominate, capturing roughly 43% market share.
The strongest growth came from electric buses, with 569 units registered, reflecting a 54% month-on-month surge and an impressive 214% year-on-year increase. Switch Mobility led the segment with a 31% share, followed by JBM Auto at 24%, driven by rising public transport electrification.
Overall, December’s data reinforces India’s accelerating transition toward clean transportation, supported by policy incentives, fleet electrification, and growing consumer confidence.
Reference- JMK Research, mint, Economic Times, Autocar India, VAHAN portal
