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EVs Surge 41% Amidst Broader Auto Market Dip
31 May
Summary
- Overall vehicle registrations saw a slight YoY increase in May 2026.
- Passenger vehicle and two-wheeler segments showed YoY growth.
- Electric vehicle registrations experienced a significant 41.2% YoY increase.
Overall vehicle registrations in May 2026 stood at 2.44 million units, marking a modest year-over-year increase. Despite this overall growth, registrations were down 10.1% compared to April 2026. Passenger vehicles and two-wheelers were key performers, with car registrations rising 18.9% year-over-year and two-wheeler sales up 4.8%.
The electric mobility sector outpaced the broader market significantly. EV registrations surged 41.2% year-over-year to 263,989 units in May, a 5.2% increase from April. This robust growth underscores the increasing consumer acceptance and the vital role EVs play in the automotive market's expansion.
Electric two-wheelers saw a 58.2% year-over-year jump, and electric passenger vehicles increased by 73.2%. Electric three-wheelers also grew by 6%, solidifying their importance in commercial electrification and last-mile delivery. This trend highlights a growing preference for electric options, driven by factors like lower running costs and improved infrastructure.
