$OLAELEC

India EV Industry – May 2026 Update Key Milestone - EV Penetration Reached 10.7% - First Time EVs Exceeded 10% Of Vehicle Sales Sales Performance - EV Sales: 2.71 Lakh Units (↑45%) - Total Vehicle Sales: 25.3 Lakh Units (↑9.3%) Segment Mix - Electric Two-Wheelers: 1.71 Lakh Units - Share Of EV Sales: 62.9% - Electric Three-Wheelers: 71,860 Units - Share Of EV Sales: 26.5% - Electric Passenger Vehicles: 26,291 Units - Share Of EV Sales: 9.7% Fuel Mix Trends - Petrol Share: 74.3% - Diesel Share: 9.3% - CNG Share: 5.1% - EV + CNG Share: 15.8% Growth Drivers - Lower Running Costs - Better Product Availability - Rising Consumer Awareness - Expanding EV Ecosystem Key Beneficiaries - Ola Electric - TVS Motor - Bajaj Auto - Hero MotoCorp - Tata Motors - Exide Industries - Amara Raja Energy Key Takeaway - EV Adoption Has Entered Double Digits - Two-Wheelers Remain The Main Growth Driver - Passenger Vehicle Electrification Still In Early Stages