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The Economic Times

Economy / The Economic Times

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Newer models, sharper pricing help EV market shift to top gear in Jan

India's electric passenger vehicle market saw a 51% year-on-year surge in January 2026 sales, reaching 18,059 units. While Tata Motors maintained leadership, its market share declined as Mahindra & Mahindra and newcomer VinFast gained significant ground. This shift highlights intensifying competition driven by new models and improved infrastructure.

3 Feb 2026 1:00 am