February 2026 EV Sales India: Market Grows 44% YoY Despite MoM Dip
India’s electric car market continues to expand at a rapid pace. According to the latest industry data, February 2026 EV sales in India reached 13,669 units, marking a strong 44% year-on-year (YoY) growth compared to February 2025 (9,479 units).
However, on a month-on-month (MoM) basis, sales declined by nearly 28% compared to January 2026, when volumes touched around 18,993 units.
This indicates a short-term slowdown but a strong long-term growth trajectory.
At CarUnboxing.in, we break down the full brand-wise performance, market share, growth trends, and what it means for India’s EV future.
February 2026 EV Sales India – Brand-Wise Performance
1️⃣ Tata Motors Continues Market Leadership
Tata Motors retained its position as India’s top EV manufacturer in February 2026.
Tata EV Sales – February 2026
| Metric | February 2026 | February 2025 | YoY Growth |
|---|---|---|---|
| Units Sold | 5,558 | 4,002 | +39% |
| Market Share | ~41% | ~42% | Stable |
Key Highlights:
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Sold 5,558 electric vehicles
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Maintained approximately 41% market share
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Strong portfolio performance across multiple EV models
Tata’s diversified EV lineup continues to provide options across price segments, helping it defend its leadership position.
2️⃣ Mahindra Posts Massive 473% YoY Growth
Mahindra & Mahindra delivered the most dramatic growth story of the month.
Mahindra EV Sales – February 2026
| Metric | February 2026 | February 2025 | YoY Growth |
|---|---|---|---|
| Units Sold | 2,913 | 508 | +473% |
This is one of the highest YoY jumps in India’s EV market in recent years.
Why This Matters:
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Mahindra has rapidly expanded its EV portfolio.
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Production ramp-up and improved availability boosted deliveries.
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The company is clearly positioning itself as a serious challenger to Tata’s dominance.
If this growth continues, the competitive gap could narrow significantly by FY27.
3️⃣ MG Motor Holds Strong Second Position
MG Motor India secured the second position in overall EV sales.
MG EV Sales – February 2026
| Metric | February 2026 | February 2025 | YoY Change |
|---|---|---|---|
| Units Sold | 3,310 | ~3,500 (approx) | -5% |
While MG witnessed a slight YoY decline, it still maintained strong volumes.
Key Insight:
MG continues to benefit from its popular mass-market EV offerings, though competition from Tata and Mahindra is intensifying.
February 2026 EV Sales India: Other Automakers in February 2026 EV Sales India
While the top three dominated the volume charts, several other manufacturers contributed to the overall EV growth story.
Emerging & Established Players
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Maruti Suzuki entered the EV segment with initial units of its first electric SUV.
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Hyundai Motor India continued premium EV sales.
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Kia India maintained steady presence.
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BYD India focused on premium electric offerings.
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VinFast gradually increased its footprint.
Luxury EV Segment – Slow but Steady Growth
Luxury EV manufacturers are seeing gradual adoption among premium buyers:
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BMW
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Mercedes-Benz India
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Tesla
Though volumes remain relatively low compared to mass-market brands, the premium EV space is steadily expanding.
February 2026 EV Sales India – Market Overview Table
| Brand | February 2026 Sales | YoY Growth | Market Position |
|---|---|---|---|
| Tata Motors | 5,558 | +39% | #1 |
| MG Motor India | 3,310 | -5% | #2 |
| Mahindra & Mahindra | 2,913 | +473% | #3 |
| Others (Combined) | ~1,888 | Mixed | — |
| Total Market | 13,669 | +44% | — |
MoM Decline: Why Did February See a Drop?
Despite strong YoY growth, February sales were lower than January 2026.
Possible reasons:
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January spillover deliveries
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Production scheduling adjustments
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Shorter month effect
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Supply chain recalibration
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Model transition cycles
However, such fluctuations are common in fast-growing markets.
FY26 EV Market Performance So Far
From April 2025 to February 2026, cumulative EV sales have crossed approximately 175,000 units.
This confirms:
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EV adoption in India is accelerating.
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Consumer confidence is rising.
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Infrastructure growth is supporting sales.
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Competition is intensifying.
Key Trends from February 2026 EV Sales India
🔹 1. Tata Still Dominates
Leadership remains intact with over 40% share.
🔹 2. Mahindra Is the Fastest Growing Brand
473% YoY growth is a strong signal of momentum.
🔹 3. Competition Is Heating Up
Multiple brands are entering or expanding in the EV segment.
🔹 4. Luxury EVs Are Slowly Gaining Traction
Premium buyers are adopting electric mobility.
🔹 5. Market Is Expanding Despite Short-Term Dips
44% YoY growth proves structural expansion.
What This Means for India’s EV Future
The February 2026 EV sales data shows:
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The Indian EV market is no longer experimental — it is mainstream.
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Leadership battles are intensifying.
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Market share dynamics could shift by FY27.
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Buyers now have more choices across price segments.
India’s EV transformation is clearly underway.
Final Verdict: Who Won February 2026?
✔ Tata retains the crown.
✔ Mahindra records the biggest growth surge.
✔ MG remains a strong second player.
✔ The overall EV market grows 44% YoY.
The February 2026 EV Sales India data confirms that electric mobility is entering a new competitive phase.
Published by: CarUnboxing.in
Author: AP Singh
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