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Kumar Satyam

14th Dec · SEBI-Registered Analyst

EV Sales Surge in November 2025: Strong Momentum Across Two-Wheelers and Cars

India’s EV market reported robust growth in November 2025, with strong performances across leading two-wheeler players and continued dominance in electric passenger vehicles. The numbers highlight rising consumer adoption, improved charging infrastructure and aggressive model launches. Two-Wheeler EV Sales TVS: 27,382 units TVS maintained its leadership with consistent month-on-month growth driven by strong demand for the iQube series and expanding dealer coverage. Bajaj: 23,097 units Bajaj’s Chetak lineup continues to gain traction as the company expands production and adds new variants. Ather: 18,356 units Ather achieved one of its highest monthly sales ever, supported by its refreshed product portfolio and expanding charging network. Passenger EV Sales Tata Motors: 7,911 units (+52% YoY) Tata continues its overwhelming lead in the four-wheeler EV segment. The Nexon EV, Punch EV and Tiago EV remain top choices for mass-market buyers. Mahindra: 1,823 units Mahindra’s EV momentum picked up after the launch of the BE 6e, strengthening its presence in the premium and mid-size electric SUV space. What’s driving the growth Broader charging ecosystem expansion and improved access Increased model launches across price segments Falling battery costs and better range performance Higher consumer confidence in EV reliability and savings Government support through state incentives and FAME transition policies Market outlook The data indicates that India’s EV adoption curve is accelerating. Two-wheelers remain the largest growth driver, while the four-wheeler segment is scaling rapidly with new models from Tata, Mahindra and global OEMs expected in 2026. If you found this post helpful, do follow me for more such insights!

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