October 2025 was a landmark month for India’s electric vehicle (EV) industry, as a combination of festive cheer, favourable GST policies, and a wave of new launches powered total EV registrations to a record high. According to data from the Vahan Dashboard, the industry registered approximately 2.34 lakh units, marking the highest-ever monthly figure. This represents a solid 5% year-on-year (YoY) growth and a sharp 27% sequential jump from September, underscoring the sector’s growing consumer acceptance.
Every major segment of two-wheelers, passenger cars, and three-wheelers saw robust growth, signalling a strong recovery in EV momentum despite potential headwinds like magnet shortages and increased price competition from ICE vehicles following GST 2.0 tax cuts.
Table of Contents
- Electric Two-Wheelers: Bajaj Auto Takes the Lead in a Record Month
- Passenger EVs: Tata Motors Dominates as Sales Surge 56% YoY
- Electric Three-Wheelers: Mahindra Leads a Steady Growth Trajectory
- The Road Ahead: What Do October's Record Sales Mean for the EV Sector?
- Frequently Asked Questions (FAQs)
The electric two-wheeler (E2W) segment was the primary driver of the October sales boom, clocking its highest-ever monthly tally of approximately 1.44 lakh units. This represents a 37-40% month-on-month (MoM) surge, fueled by festive offers, better financing options, and strong demand from Tier-2 and Tier-3 cities.
In a significant market shift, Bajaj Auto emerged as the top E2W seller for the first time in recent months, overtaking its rivals with over 31,000 units sold. TVS Motor and Ather Energy continued their strong performance, while Hero MotoCorp and Greaves Electric Mobility also posted their best-ever monthly sales. Ola Electric, on the other hand, saw a considerable YoY decline, though it still registered sequential growth.
Electric Two-Wheeler Sales (October 2025)
| Company |
Oct 2025 Sales |
YoY Change (%) |
| Bajaj Auto |
~31,000 |
~+10% |
| TVS Motor |
~29,500 |
~-2% |
| Ather Energy |
~28,000 |
~+73% |
| Ola Electric |
~16,000 |
~-62% |
| Hero MotoCorp |
~15,900 |
+117% |
*Source: Industry estimates, EVReporter, SaurEnergy *
The electric passenger vehicle (EPV) market also witnessed strong momentum, with retail sales reaching 17,772 units in October 2025, a 56% YoY jump and a 9% MoM increase. This growth was driven by a narrowing price gap with ICE cars after the GST 2.0 revision, festive promotions, and several new model launches.
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Tata Motors retained its commanding leadership with a 40% market share, retailing 7,118 units. The recently launched Harrier EV, along with the popular Nexon EV and Punch EV, fueled its growth.
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JSW MG Motor and Mahindra & Mahindra delivered robust performances, coming in at second and third place, respectively. Together, the top three players accounted for over 90% of the market.
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The luxury EV space also saw healthy growth, while new entrants like Tesla and VinFast made their mark. Tesla delivered 40 units of its Model Y, while VinFast retailed 131 units, signalling growing global interest in the Indian market.
To keep track of how listed companies in the EV ecosystem are performing, visit the Nifty EV New Age Automotive Index, which offers real-time insights into India’s leading electric mobility stocks.
The electric three-wheeler (E3W) market, a cornerstone of last-mile mobility, also saw strong festive sales. Mahindra Last Mile Mobility continued to dominate the segment, followed by Bajaj Auto and TVS Motor. The segment's growth reflects the rising demand for clean and affordable shared mobility solutions in both urban and semi-urban areas.
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For a complete picture of how India’s auto sector fared this festive season beyond EVs, check out the analysis on India’s Passenger Car Sales Hitting Record High in October 2025.
October 2025 was a turning point for India’s EV journey. The record-high registrations across all segments highlight that the industry is moving from an early adoption phase to mainstream acceptance. The strong festive performance, coupled with supportive government policies and an expanding range of models, has set a powerful precedent.
While the momentum was certainly amplified by the festive season, the underlying trend of growing consumer confidence and improving charging infrastructure suggests that the EV market is poised for sustained growth in the coming quarters.
If you're curious about which models are driving this surge, watch our detailed breakdown of the Top 10 Electric Scooters & Bikes of October 2025 for a closer look at India’s most popular EV choices.
1. What drove India’s record EV sales in October 2025?
The record sales were driven by a combination of strong festive demand (Dussehra and Diwali), price benefits from GST 2.0, new model launches, and attractive financing and exchange offers from manufacturers.
2. Which company led the electric two-wheeler market in October?
Bajaj Auto emerged as the leader in the E2W segment for the first time in recent months, surpassing TVS Motor and Ather Energy with over 31,000 units sold.
3. How did passenger EV sales perform?
The passenger EV segment saw a 56% year-on-year growth, with total sales reaching 17,772 units. Tata Motors continued its dominance with a 40% market share.
4. How are new global players like Tesla and VinFast performing in India?
New entrants are beginning to make their presence felt. In October, Tesla delivered 40 units of the Model Y, while VinFast retailed 131 units, indicating growing interest from global EV giants in the Indian market.
5. What is the overall outlook for the EV industry in India?
The outlook is highly positive. The record sales in October signal a shift towards mainstream adoption. With improved infrastructure, more model choices, and continued policy support, the EV market is expected to see sustained growth.