India's EV Market Surges in Dec 2025 as Competition Heats Up

• India's EV market saw strong growth in December 2025, with volumes accelerating across segments due to eased supply constraints and strengthened fleet demand.
• E-2-Wheelers grew 32.2% YoY; Hero MotoCorp surged 890.8%, Ather Energy 62.3%, while Ola Electric declined 34.6% amid intense competition.
• E-Passenger Vehicles jumped 63.3% YoY, driven by new launches; M&M's market share nearly quintupled, while Tata Motors and MG Motors saw declines.
• E-3-Wheelers and E-Commercial Vehicles also posted strong growth, 48.5% and 186.9% YoY respectively, supported by policy and fleet demand.
• Competition is set to intensify with new entrants like Maruti Suzuki (e-Vitara) and upcoming models from Tata Motors, M&M, and other OEMs.

Why It Matters: India's EV market is booming with diverse growth, but intensifying competition is reshaping market leadership.