The sales figures for March 2026 are in, and the landscape is changing rapidly. So far, MG Motors has been steady in second place, but with born-electric cars in the arena. Moreover, Maruti Suzuki is also climbing the ladder rapidly, by claiming the 4th position this time, beating Vinfast. Moreover, the whole electric car industry has seen a massive growth of 28% in Q4 2025-26 as compared to Q4 2024-25.
In a major reshuffle, Mahindra was almost close to beating MG by 18 units, and Maruti Suzuki has made a strong entry into the top 5 — signalling a new phase in India’s EV race.
Top 5 Electric Carmakers in India: March 2026; Mahindra Climbs to 2nd Position, Maruti Suzuki Climbs to 4th
| Position | Electric Carmaker | March 2026 | March 2025 | YoY Growth% |
| 1 | Tata Motors | 8216 | 6747 | 1.06% |
| 2 | MG Motors | 5113 | 4211 | 7.86% |
| 3 | Mahindra Electric | 5095 | 1833 | 156% |
| 4 | Maruti Suzuki | 940 | 0 | – |
| 5 | Vinfast | 688 | 0 | – |
It is clear from the table that while Tata Motors has been able to retain the first position, the YoY growth is hardly 1%, which means that the market share is rapidly declining. Even MG Motors has been able to book a growth of just 8%; meanwhile, Mahindra is scaling rapidly, with a YoY growth of 156%!
Maruti Suzuki entered the electric space this year, only with the eVitara, and it has already climbed to the 4th spot by beating Vinfast, which offers two electric cars currently, the VF6 and VF7. Maruti Suzuki surely deserves praise here, as within months of the launch of eVitara, the company has been able to clock 779 in sales. Maruti’s rise signals that the “wait-and-watch” era is over. The incumbent has entered the room, and even with a one-car lineup, it is already outperforming multi-model strategies through pure scale and consumer trust.
Vinfast stands at 627, a good number for a new entrant, although the number has slightly dipped when compared to the previous months. Vinfast has rolled out a campaign recently, which offers discounts on the electric cars when a customer exchanges their ICE cars for the new ones. This move can be beneficial for the brand, especially when the whole world is struggling with fuel availability due to the Iran-USA conflict.
Kia Motors and Hyundai are in the 5th and 6th positions, respectively, for March 2026. Kia Motors is expected to launch the Syros EV in the second half of 2026, which might help boost the sales numbers.
Should Tata Motors be Worried?
It is high time for Tata Motors to introduce more mass-market electric cars, as the ones already in the market can sustain, but not grow. Mahindra is growing its electric car base, with SUVs like XEV9E, BE6, XEV9S, XUV400 EV, etc. Even MG Motors needs new additions in the space, as the current lineup is not able to grow on a scale that the company needs. Vinfast and Maruti Suzuki are in for steady growth, and time will tell their stories.
