New Delhi, July 1 (IANS). The demand for electric passenger vehicles (EV) is increasing rapidly in India. In the first quarter (April-June) of the financial year 2026-27, registration of electric passenger vehicles increased by almost 90 percent to 82,737 units. This information has come out from the registration data of the vehicle portal.
Registrations are up from 43,710 units in the same quarter last year, and industry executives believe the lower running costs of electric vehicles attracted consumers to battery-powered vehicles amid rising prices of petrol and diesel during the Middle East crisis.
Demand for electric vehicles remained strong throughout the quarter. It increased to 24,963 units in April, 27,320 units in May and 30,454 units in June.
During this period, Tata Motors registered 32,283 electric passenger vehicles, which is 104 percent more than 15,794 units in the same period last year.
The company’s total passenger vehicle sales in June stood at 63,083 units, which is 69 percent more than 37,237 units in June last year.
At the same time, in the first quarter of the financial year 2026-27, the total passenger vehicle sales of Tata Motors increased by 46 percent to 1,82,574 units.
The company’s electric vehicle sales in June stood at 14,800 units, whereas in June last year it was 5,228 units. In this way, EV sales increased more than double in June. The company’s EV sales for the entire quarter increased by 112 percent to 34,467 units.
On the other hand, Mahindra & Mahindra also performed brilliantly. The company’s electric passenger vehicle registrations almost doubled to 20,112 units, compared to 10,144 units in the same period last year.
However, Hyundai Motor India recorded a decline in electric passenger vehicle registrations. The company’s registrations declined from 2,142 units to 1,386 units.
Industry experts say that the increase in prices of petrol, diesel and CNG during the West Asia crisis attracted a large number of customers towards electric vehicles. Despite fluctuations in global crude oil prices, the running costs of electric vehicles remained relatively stable, thereby increasing their demand.
The growing demand for electric vehicles has been seen at a time when many automobile companies have increased the prices of their vehicles in recent months citing rising production costs, raw material prices and operating expenses.
From July 1, Tata Motors has increased the prices of its petrol, diesel and electric passenger vehicles by up to 1.5 percent. At the same time, the company has also increased the prices of its commercial vehicles by 2.5 percent, which will be applicable according to different models and variants.
Earlier, Hyundai Motor India had announced an increase in the prices of its vehicles by up to Rs 12,800.
Maruti Suzuki India has also increased the prices of its various models by up to Rs 30,000. At the same time, Mahindra & Mahindra has increased the prices of its SUVs and commercial vehicles by up to 2.5 percent, while the average increase across various models has been around 1.6 percent.
–IANS
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