Electric vehicle retail momentum in India remained strong in February 2026, with year-on-year growth recorded across all major segments. According to data released by the Federation of Automobile Dealers Associations (FADA), electric two-wheelers, passenger vehicles, three-wheelers and commercial vehicles all registered healthy growth, although overall EV penetration remained largely stable due to the faster expansion of ICE vehicle volumes. Sharing his perspective on the latest retail trends, Mr. C. S. Vigneshwar, President, FADA, highlighted the steady progress of India’s EV ecosystem and the structural factors supporting the sector’s long-term growth.
Commenting on the performance, Mr. C. S. Vigneshwar, President, FADA, said: “EV retails in February ’26 continued to grow on a year-on-year basis across categories, even as overall EV penetration remained largely range-bound due to much faster growth in ICE volumes. Electric 2W retails stood at 1,11,709 units ( +45.60% YoY ), with EV share at ~6.6%. Electric PV retails reached 13,733 units ( +44.48% YoY ), with a share of ~3.5%. Electric 3W remained the most electrified segment at 66,398 units ( +25.09% YoY ), with a share of ~56.7%. Electric CVs – though on a small base – rose to 2,051 units ( +156.4% YoY ), with share improving to ~2.03%.
The month-on-month softness seen in a few EV categories largely reflects the shorter month and the high base of January, and does not dilute the structural direction of India’s EV transition. Importantly, India’s EV story is being built on a stronger foundation – improving product choices, an expanding charging ecosystem, better financing comfort and growing consumer confidence. As these building blocks deepen and scale, we expect the healthy YoY growth to translate into a more meaningful step-up in EV penetration over the medium term.”