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India’s EV Market Gains Momentum as August Sales Rise 53%, Penetration Reaches 12.3 Pc

New Delhi, Sep 8: India’s electric vehicle market continued to gain momentum in August, with retail sales rising 52.9 per cent year-on-year to 2,98,448 units, according to the Federation of Automobile Dealers Associations (FADA). The [...]
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New Delhi, Sep 8 (IANS) Demand for electric vehicles (EVs) continues to strengthen in India. According to data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday, retail sales of EVs in the country reached a record high of 298,448 units in August 2026, registering a year-on-year growth of 52.9 per cent. This increased the share of EVs in the overall vehicle market to 12.3 per cent, up from 9.5 per cent in August 2025…

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Business News This Week broke the news on Tuesday, September 8, 2026.
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