EV Sales Soar: Record March Driven by Demand, New Launches, Not Just Fuel Fears

• India's EV market ended FY26 with record monthly highs in March for electric cars and two-wheelers.
• Electric car sales rose 56.8% to 21,528 units in March; two-wheeler sales jumped 70.9% to 1,90,941 units.
• Growth is attributed to product availability, pricing, value proposition, and new model launches like Maruti Suzuki's e Vitara and Tata's Punch.ev.
• Industry stakeholders emphasize demand momentum and year-end acceleration over immediate fuel concerns as primary drivers.
• Policy support, shift to cleaner fuels, and extended PM E-DRIVE subsidy for two-wheelers are also aiding adoption.