India's strong government policy support, including substantial purchase incentives like Delhi's ₹5,000 per kWh battery subsidy and 100% waiver of road tax and registration fees, is driving the recent surge in electric vehicle demand by significantly lowering upfront costs and improving affordability.

CURRENT STATE

Electric vehicle retail sales in India grew 28% year-on-year to 219,109 units in January 2026, with passenger EV sales rising 54.75% to 18,470 units. Mahindra's electric SUV sales jumped 386%, reflecting strong consumer response to incentives. Despite stable fuel prices in Delhi, EV adoption accelerates amid growing air pollution concerns and expanding market size, which reached USD 18.79 billion in 2025.

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