EVs Sales In India Surpass 10 Lakh Units In H1 FY2026

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EV sales soar in the first half of FY2026 but fall in the final month of the period as ICE and hybrid vehicles get cheaper

India looks on track to record at least 20 lakh in EV sales this financial year, just like in the previous one. More than 10 lakh electric vehicles have already been sold in the first half, as per a report from The Times of India, based on data from the Vahan portal.

Across categories, 11 lakh EVs were sold in India between April 2025 and September 2025. Compared to the first half of FY2025 (8.95 lakh units), EV sales grew by 2.05 lakh units or 22.9%. Should the momentum continue through the second half, FY2026 may not just meet but exceed the FY2025 volume, which, as per a report from Autocar Professional, was 19.7 lakh units.

The recent GST reductions on ICE and hybrid vehicles do not work in favour of EVs and may impact their sales to an extent, though, especially in the case of cars. While EVs continue to be taxed at the lowest rate – 5%, ICE and hybrid models now attract as low as 18% GST. This means the minimum gap has reduced from 23% to just 13%, in the case of both cars and two-wheelers.

Also Read: TVS Leads In Electric 2W September Sales, Ather Outsells Ola Electric

September 2025 sales may have already shown early signs of a potential slowdown in certain EV segments. 1.82 lakh EVs were sold last month, and compared to 1.88 lakh units from August 2025, it was just a small decline of 3.3%. However, among cars, specifically, sales dropped from 18,290 units in August 2025 to 15,100 units last month, down 17.4%.

S&P Global Mobility Director Puneet Gupta said the GST revisions have reduced EV penetration in the car segment from close to 5% to approximately 4%. Crisil Ratings Director Poonam Upadyay said that consumers in this segment are highly price-sensitive.

Also Read: Hyundai A+ Segment Electric SUV Confirmed For India

In the case of two-wheelers, though, the GST rate seems to have had virtually no effect on the sale of electric models. 1.04 lakh electric two-wheelers were sold in September 2025, just 1,000 units less than in August 2025 (1,05 lakh units). As for electric three-wheelers, 61,000 units were sold in September 2025, 2,500 units less than in the preceding month (53,500 units).

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Top 5 Two Wheeler Brands In H1 FY26 – Hero Leads Honda, TVS, Bajaj, Suzuki & RE

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In the first half of FY2025-26 (April to September period), Hero finished on top of the two-wheeler sales charts ahead of its arch rival Honda and others

Hero MotoCorp retained the number one position in the first half of FY26 according to Vahan data which doesn’t take Telangana into account while Honda and TVS Motor Company continued to put up aggressive performances. The volumes are dominated by commuter motorcycles, entry-level sporty offerings and scooters.

The homegrown manufacturer finished April to September 2025 period as the clear leader recording a total of 24.14 lakh units with the Splendor emerging as its major volume contributor. The sustained demand for its entry-level models has ensured Hero remains the benchmark in volume sales ahead of its arch rival, Honda.

The Japanese auto major, with 21.84 lakh units, secured the second spot. While the brand’s scooters continue to drive the bulk of its sales, Honda has been steadily building presence in the motorcycle category too courtesy of the Shine 100 and its 125 cc models. The Activa remains the country’s top-selling scooter – helping Honda stay close on Hero’s heels in overall numbers.

Also Read: 5 Best New 2W Deals This Festive Season With GST 2.0 Price Drops

Manufacturer	Sales (Units)
Hero MotoCorp	24,14,937
Honda	21,84,679
TVS Motor Company	17,20,843
Bajaj Auto	11,43,751
Suzuki	5,23,855
Royal Enfield	4,53,202

TVS Motor Company ranked third, posting 17.20 lakh units in the opening half of the current fiscal. Consistent demand for its scooters especially the Jupiter alongside healthy momentum for the Apache series in the entry-level sporty motorcycle space bolstered its performance as before but models like Raider 125 and iQube EV have been a helping hand too.

The Hosur-based manufacturer also benefits from a growing export base – giving it an added advantage compared to some of its rivals on a broader spectrum. Bajaj Auto came in at fourth with 11.43 lakh units. The strategy of pushing its Pulsar range along with Chetak has allowed it to stay resilient. The brand will expand its portfolio further in the coming years.

Also Read: GST 2.0 – Honda CB300F Costs Just Rs. 1.55 Lakh, CB300R At Rs. 2.19 Lakh

Suzuki clocked 5.23 lakh units in H1 FY26 – placing it in fifth position. The brand’s Access scooter remains its best-seller supported by the Burgman Street and others. Royal Enfield rounded off the top six with 4.53 lakh units. Known for its slightly premium positioning while targetting high volumes, the company has maintained good demand for its Classic 350, Bullet 350, Hunter 350 and other models.

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Mahindra Sells Nearly 65,000 Tractors With 50% Growth In Sep 2025

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Domestic tractor sales of Mahindra reached 64,946 units in September 2025 with a massive 50 per cent increase on a YoY basis

Mahindra & Mahindra’s Farm Equipment Business (FEB) has delivered its strongest September performance yet with domestic tractor sales reaching 64,946 units in September 2025 – a massive 50 per cent increase compared to 43,201 units sold in the same month last year. The growth was led by GST 2.0 implementation, festive demand and favourable rural business.

Total sales including exports climbed to 66,111 units last month as against 44,256 units a year earlier – recording an overall jump of 49 per cent. Out of this tally, exports accounted for 1,165 units – slightly ahead of the 1,055 units shipped during the corresponding period last year with a modest 10 per cent rise in overseas markets.

One of the key triggers behind this surge was the GST 2.0 revision announced by the government. According to company officials, the reduction in tax rates translated into immediate benefits for buyers with tractor demand doubling during the first nine days of Navratri this year. The advancement of the festival season into September, compared to October in 2024, further accelerated sales momentum.

Also Read: 5+ Upcoming Midsize SUVs You Should Wait For – Maruti To Mahindra

Mahindra executives also pointed to rural and agrarian factors for improvement in sales volumes. The positive Kharif crop outlook, higher sowing acreage and an above-normal monsoon have all supported tractor demand across core farming markets. These elements combined with the festive tailwinds to create a record breaking month for the homegrown manufacturer.

Year-to-date figures also indicate Mahindra’s position in the farm sector. Between April and September 2025, the company sold 2,47,336 units domestically, a growth of 20 per cent from 2,06,236 units in the corresponding period of FY25. Exports during the same six-month stretch rose to 9,689 units – up 12 per cent from last year’s 8,613 units with the overall total at 2,57,025 units and a 20 per cent jump.

Also Read: 5 Compact SUVs Launching Soon In India – Mahindra To Tata

With both policy support and agricultural fundamentals working in its favour, Mahindra FEB appears well placed to carry forward this momentum into the festive quarter. Commenting on the sales performance, Veejay Nakra, President – Farm Equipment Business, said:

“We have sold 64,946 tractors in the domestic market during September, a growth of 50% over last year. Honourable Prime Minister’s decision on the GST rate cut, has increased offtake in the first 9 days of Navratri which is in the month of September this year compared to October last year. This has been further supported by factors like a positive Kharif outlook, increase in the area sown this season and an above-normal monsoon.”

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Honda Sells 5.68 Lakh Two-Wheelers In September 2025

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With a 6% month-on-month growth compared to August 2025, Honda recorded domestic sales of 5,05,693 units in September 2025

Honda Motorcycle & Scooter India (HMSI) is one of the most popular two-wheeler manufacturers in India. In the month of September 2025, the company reported a total sales of 5,68,164 units with a 5.44% YOY growth. This is compared to the 5,38,852 units sold in September 2024.

The domestic two-wheeler sales contributed to 5,05,693 units, while the exports in September 2025 stood at 62,471 units. The exports accounted for 11% of the total sales with a 32.43% YOT growth from the previous year’s figures of 47,174 units.

On the other hand, the domestic sales saw an upward trajectory with a YOY growth of 2.85%. On the month-on-month (MOM) front, a 6% growth was reported by Honda as 5,34,861 units were sold in August 2025.

Also Read: Upcoming Big Bikes From Royal Enfield – Electric To Hybrid Bike

Talking about the year-to-date (YTD) sales in FY2026 (April–September 2025), HMSI recorded total sales of 29,91,024 units, comprising 26,79,507 units sold domestically and 3,11,517 units exported. The company saw a YOY dip of 3.94% in the year-to-date (YTD) FY2026 sales numbers, down from the 31,13,596 units mark in the same period of FY2025. This decline can be attributed to the slowdown in domestic sales, however, the exports saw a healthy growth.

As for Honda’s key developments in September 2025 are concerned, it continued its commitment towards road safety by organising awareness campaigns across 13 cities nationwide, including Ahmedabad, Chittorgarh, Rewa, Balasore, Sitamarhi, Agra, Mumbai, Tirupati, Trivandrum, Baramati, Vijayapura, Rohtak and Ambala.

Also Read: Royal Enfield Posts Highest Ever Sales In September 2025 – 1.24+ Lakh Units

On the product side, Honda solidified its position in the premium 350cc motorcycle segment with the launch of the all-new CB350C Special Edition at Rs. 2.02 lakh (ex-showroom), Bengaluru (Karnataka). Bookings for this retro classic motorcycle are now open, and it will be available at all Honda BigWing dealerships across the country. In addition to this, the all-new ‘MyHonda-India’ mobile application was also introduced by the company.

Taking ahead its Corporate Social Responsibility (CSR) initiatives, Honda India Foundation (HIF) handed over 50 specially equipped Quick Response Team (QRT) vehicles to the Gujarat Police as part of its ‘Sadak Sahayak: Surakshit Marg, Surakshit Jiwan’ project, which is a part of Honda’s global vision of a collision-free society by 2050.

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Royal Enfield Posts Highest Ever Sales In September 2025 – 1.24+ Lakh Units

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The domestic dispatches of Royal Enfield reached 1,13,573 units while exports stood at 10,755 units in September 2025

Royal Enfield registered its strongest monthly performance to date in September 2025 by crossing 1.24 lakh units in total sales. Domestic dispatches reached 1,13,573 units while exports stood at 10,755 units – together reporting a huge 42.94 per cent year-on-year growth compared to 86,978 units in September 2024.

On a month-on-month basis, volumes grew by just over 9 per cent against August 2025’s tally of 1,14,002 units. The sub-350 cc portfolio remained the backbone of Royal Enfield’s operations – contributing 86.45 per cent to September sales with 1,07,478 units with a 42.67 per cent annual surge. The larger displacement motorcycles above 350 cc also endured impressive growth – climbing 44.67 per cent year-on-year to 16,850 units.

With 91.35 per cent of total sales coming from the local market, September recorded another milestone in reinforcing its leadership in the middleweight motorcycle category. Exports were a smaller contributor at 8.65 per cent share – showing resilience despite a 3.33 per cent sequential dip from August – registering a healthy 40.55 per cent jump.

Also Read: Royal Enfield 450 cc And 650 cc Prices Up By Up To Rs. 29,486

Segment	September 2025 Sales	September 2024 Sales	Growth% (YoY)
< 350cc	1,07,478	75,331	42.67
> 350cc	16,850	11,647	44.67
Domestic	1,13,573	79,326	43.17
Exports	10,755	7,652	40.55
Total	1,24,328	86,978	42.94

For the second quarter of FY26, Royal Enfield reported cumulative sales of 3,26,375 units – a 43.23 per cent increase compared to Q2 FY25. Within this, the sub-350 cc segment contributed 2,82,156 units while larger motorcycles added 44,219 units – growing at 26.83 per cent. Exports in the same quarter surged by 55.06 per cent to 33,672 units.

Between April and September 2025, Royal Enfield garnered 5,91,903 motorcycles as against 4,54,779 units in the same period last year with a 30.15 per cent rise. Domestic sales accounted for 5,21,482 units while exports contributed to 70,421 units. A breakdown by segment further reveals a 31.62 per cent jump to 5,09,610 units year-to-date.

Also Read: GST 2.0 Impact – Royal Enfield 350 cc Bikes’ Price Reduce Up To Rs. 22,000

Premium motorcycles above 350 cc advanced 21.76 per cent to 82,293 units. With demand holding strong through the start of the festive season and GST 2.0 reforms reducing effective costs, Royal Enfield appears firmly set to carry forward its growth momentum following the record numbers.

The Chennai-based manufacturer is working on a slew of new motorcycles across 350 cc, 450 cc and 650 cc segments along with the EV range.

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Skoda Hits Record Highs & Doubles Quarterly Sales Thanks To Kylaq

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Skoda recorded 17,161 unit sales in the last quarter as it more than doubled what it managed on a YoY basis

Skoda Auto India has ended the July to September 2025 quarter in an impressive manner by recording 17,161 unit sales as it more than doubled what it managed in the same period last year. The brand also posted 6,636 units in September alone – effectively delivering a 101 per cent growth compared to September 2024.

The increase in volumes was attributed to the demand for its most affordable offering in India, the Kylaq alongside consistent support from the Kushaq, Slavia and Kodiaq. The Kylaq heralded Skoda’s entry into the compact SUV space when it was introduced in December 2024. It has already surpassed 34,500 cumulative unit sales – helping the brand touch 53,355 sales in the first nine months of 2025.

The arrival of GST 2.0 tax slabs combined with festive season momentum has worked as a catalyst – giving Skoda’s network of 315 outlets across 177 Indian cities increase in customer footfalls. Special anniversary editions of the Kylaq, Kushaq and Slavia were also launched this year to mark 25 years of the company in the domestic market.

Also Read: Skoda Octavia RS With 265 Hp To Launch Soon – Top 5 Things To Know

Based on the GST 2.0 revisions, the Kodiaq has seen its price tag reduced by Rs. 3.30 lakh with further benefits worth Rs. 2.50 lakh on offer through festive discounts and exchange deals – taking the overall advantage up to Rs. 5.80 lakh. The Kushaq follows with a GST-based cut of Rs. 66,000 and additional offers amounting to Rs. 2.50 lakh.

The price drops and benefits resulted in a cumulative offer of Rs. 3.16 lakh. The Kylaq also received a substantial reduction of Rs. 1.19 lakh without additional Navratri-based schemes while the Slavia sedan now comes with a price drop of Rs. 63,000 coupled with festive perks worth Rs. 2.50 lakh including exchange bonuses and corporate benefits.

Also Read: Skoda Kodiaq 5-Seater Lounge Variant Launched At Rs. 39.99 Lakh

Skoda is currently working on launching the performance-based Octavia RS in India this month and it will be powered by a 2.0L turbocharged petrol engine producing around 261 bhp. It will be brought into the country via CBU route and the initial batch will comprise only 100 units. It will also boast a host mechanical upgrades to aid in better handling characteristics.

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Kia Posts 22,700 Units In Sep 2025 With Nearly 16% MoM Growth

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Kia recorded a total of 22,700 unit sales in September 2025 as against 19,608 vehicles with a healthy MoM growth of 15.8 per cent in India

Courtesy of the festive season demand and GST 2.0 price cuts, Kia India finished last month pushing out 22,700 units into the domestic market. Compared to the 19,608 vehicles recorded in August, the numbers indicate a month-on-month rise of 15.8 per cent as the compact and midsize segments have played a key role in garnering good volumes.

From January through September 2025, the Korean brand has accumulated sales of 2,06,582 units. In contrast, the same period in the previous year had seen a total of 1,92,690 units. The tally puts Kia’s year-to-date overview higher by 7.2 per cent. The Sonet compact SUV along with the Seltos midsize SUV remain mainstays in the lineup.

The GST 2.0 tax relaxation has helped vehicles becoming more accessible and combined with festive season demand peaking in September, customer footfall has increased – contributing to the company’s higher wholesales. On the product side, Kia’s established models continue to pump in volumes as the expansion of the Carens range has been a positive affair.

Also Read: 3 Upcoming Compact Electric SUVs In India – Kia To Mahindra

Recently, Kia introduced the Carens Clavis as well as its electric iteration. In September 2025, 2,606 units were shipped overseas. Kia brought in pre-GST and festive benefits, offering customers savings of up to Rs. 2.25 lakh on select models such as the Seltos, Carens Clavis and Carens with the highest discounts available in Kerala till September 22.

The offer combined pre-GST benefits of up to Rs. 58,000 with festive discounts that reach Rs. 1.67 lakh, making the promotional period a particularly advantageous time for customers last month. These substantial savings were region-specific though with Tamil Nadu and Karnataka also saw maximum offers up to Rs. 2 lakh and Rs. 2.1 lakh respectively.

Also Read: All-New Kia Seltos Caught Testing Again As It Inches Closer To Launch

Meanwhile, northern, eastern and western regions provided discounts up to Rs. 1.75 lakh depending on the model. Kia is expected to launch the electric version of the Syros sometime next year in India to strengthen its portfolio. The main highlight will apparently be the next generation Seltos which has been caught testing multiple times already.

It will receive a plethora of changes inside and out while the existing 1.5L NA petrol, the 1.5L diesel and the 1.5L turbo petrol engines will likely be retained.

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