The Indian EV Industry has been on an upward growth trajectory. The Electric 4W segment also showed notable growth in the closing month of 2025, reflecting the increasing adoption of EV cars in the country.
Electric four-wheelers recorded units of retail sales and a YoY growth of % in March 2025, according to Vahan Data. Notably, the new month brought a significant increase in sales, marking a strong month for major EV manufacturers.
Tata Motors and MG Motor India continue to lead the segment, accounting for a substantial portion of overall sales. Meanwhile, Hyundai, Mahindra, and BYD saw remarkable year-on-year (YoY) and month-on-month (MoM) growth, indicating a broader shift toward electric mobility.
Top 10 Electric Car Companies in March 2025 | EV Sales Report
Look at the top 10 original equipment manufacturers (OEMs) in the electric four-wheeler industry for March 2025.
| OEMs | MAR’24 | FEB’25 | MAR’25 | YoY Change% | MoM Change% |
| TATA PASSENGER ELECTRIC MOBILITY LTD | 7,184 | 3,980 | 4,710 | -34% | 18% |
| MG MOTOR INDIA PVT LTD | 1,173 | 3,440 | 3,889 | 232% | 13% |
| MAHINDRA & MAHINDRA LIMITED | 692 | 498 | 1,944 | 181% | 290% |
| HYUNDAI MOTOR INDIA LTD | 153 | 766 | 849 | 455% | 11% |
| BYD INDIA PRIVATE LIMITED | 144 | 267 | 396 | 175% | 48% |
| BMW INDIA PVT LTD | 74 | 236 | 250 | 238% | 6% |
| MERCEDES-BENZ | 53 | 69 | 170 | 221% | 146% |
| PCA AUTOMOBILES INDIA PVT LTD | 178 | 60 | 46 | -74% | -23% |
| VOLVO AUTO INDIA PVT LTD | 51 | 23 | 24 | -10% | 4% |
| KIA INDIA PRIVATE LIMITED | 31 | 21 | 24 | -29% | 14% |
Source: Vahan Dashboard
#1 Tata Motors
Tata Motors retained its position as the market leader in the electric four-wheeler segment, selling 4,710 units in March 2025. This marks an 18% MoM growth compared to February’s 3,980 units.
However, on a YoY basis, sales declined by 34%, indicating increased competition and market dynamics. Despite this, Tata Motors continues to dominate the Indian EV space.
#2 MG Motor India
MG Motor India secured the second spot with 3,889 units sold in March 2025, showing an impressive 232% YoY growth from March 2024.
The company also recorded a 13% MoM increase, reflecting its strong upward trajectory in the Indian EV sector. MG’s aggressive expansion and new model launches are driving its success.
#3 Mahindra & Mahindra
Mahindra & Mahindra showcased phenomenal growth, selling 1,944 electric vehicles in March 2025.
This represents a 181% YoY growth from March 2024 and a staggering 290% MoM growth from February 2025. Mahindra is emerging as a formidable competitor in the EV space, driven by its expanding lineup of electric SUVs.
#4 Hyundai Motor India
Hyundai experienced tremendous growth, selling 849 electric vehicles in March 2025. This marks a 455% YoY increase compared to March 2024 and an 11% MoM growth from February.
Hyundai’s commitment to EV technology and its expanding product portfolio have played a key role in this success.
#5 BYD India
BYD India continued its growth momentum, delivering 396 units in March 2025.
This reflects a 175% YoY increase and a 48% MoM rise compared to February 2025. BYD’s steady growth indicates increasing consumer confidence in its electric vehicle offerings.
#6 BMW India
BMW India reported 250 units in March 2025, showcasing a 238% YoY growth from March 2024 and a 6% MoM rise from February.
The German luxury automaker continues to attract premium EV buyers in India.
#7 Mercedes-Benz
Mercedes-Benz registered 170 EV sales in March 2025, reflecting an impressive 221% YoY growth but a sharp decline earlier in the year.
Compared to February 2025, its MoM growth stood at 146%, signaling a recovery in sales.
#8 PCA Automobiles (Citroën)
PCA Automobiles, which houses Citroën, witnessed a decline in sales, with 46 units sold in March 2025.
This represents a 74% YoY drop and a 23% MoM decline from February. The brand needs to strengthen its EV strategy to regain market share.
#9 Volvo Auto India
Volvo recorded 24 EV sales in March 2025, reflecting a 10% YoY decline but a 4% MoM increase from February 2025.
The Swedish brand continues to cater to a niche luxury EV segment.
#10 Kia India
Kia India struggled in March 2025, selling 24 units, marking a 29% YoY drop but a 14% MoM growth.
The brand needs to reassess its strategy to compete effectively in the evolving Indian EV market.
Final Thoughts
The electric four-wheeler market in India continues to witness dynamic shifts. Tata Motors and MG Motor India collectively command a significant market share, while Mahindra, Hyundai, and BYD are gaining momentum with exceptional YoY and MoM growth.
Despite Tata Motors’ continued dominance, its YoY decline indicates increasing competition from emerging players. The market is expected to become even more competitive in the coming months, with new entrants and evolving consumer preferences shaping the future of EV adoption in India
