Cumulative Sales Cross 125,000 Units in 2025Despite the September dip, India’s e-PV market is on track for a record year. Cumulative sales for January–September 2025 stand at 125,146 units , already surpassing the entire 2024 tally of 99,625 units.Analysts project total sales of 150,000–155,000 units in 2025 , underscoring the sector’s rapid expansion despite temporary headwinds.The Road AheadThe September slowdown is primarily a reflection of ICE vehicle price cuts under GST 2.0 coinciding with the festive buying season. As the Diwali season peaks in October, all eyes are on whether EV demand stabilizes or continues its downward trajectory.With more OEMs entering the fray, expanding portfolios, and localized production reducing costs, the EV market remains on a long-term growth trajectory. The performance of Tata, MG, Mahindra, and new entrants like Tesla and Vinfast will be critical in shaping the next phase of India’s electric mobility journey.