India ICE vs EV sales | For top 2W, 3W, 4W OEMs in October 2026

In October 2026, EV penetration in the Indian two-wheeler market stood at 9.7%, while electric three-wheelers accounted for 54.5% of passenger L5M sales and 34% of cargo L5N sales. In the four-wheeler segment, EVs contributed 7.3% of total sales, while goods carriers recorded an EV penetration of 4.1%. This article examines EV sales penetration across the 2W, 3W and 4W categories, comparing electric vehicle sales with overall segment sales in India.

Also Read: Overall EV sales in October 2026

ICE vs EV Sales for India’s Top 2W OEMs | Oct 2026

In October 2026, the two-wheeler market continued to be dominated by ICE vehicles, with Honda Motorcycle leading overall sales (6,37,448 units), though EVs accounted for only 0.2%. Hero MotoCorp followed with 5,98,305 units in sales, with EVs contributing 5%. Among legacy OEMs, Bajaj Auto (23.4%) and TVS Motor (13.2%) showed relatively higher EV penetration. Meanwhile, Royal Enfield (0.04%), Suzuki (0.5%) and Yamaha (0.4%) remained largely ICE-focused with minimal EV presence. Pure EV players Ather Energy (31,817 units), Ola Electric (12,096 units) and Ampere Vehicles (10,839 units) recorded 100% EV sales.

India’s Leading OEMs – Passenger Auto Sales | Oct 2026

In October 2026, Bajaj Auto led the three-wheeler passenger segment with 43,876 units, of which 32.8% were EVs. Mahindra Last Mile Mobility recorded strong electrification, with 97.9% of its sales being electric. TVS Motor (62.9%) also showed significant EV adoption, followed by Piaggio Vehicles (20.8%) and Atul Auto (20.8%). Meanwhile, pure EV players Saera Electric (1,041 units), Mini Metro (963 units) and YC Electric (919 units) recorded 100% EV sales, indicating fully electric portfolios in the segment.

India’s Leading OEMs – Goods L5 3W Sales | Oct 2026

In October 2026, Bajaj Auto led the three-wheeler cargo segment with 7,393 units, of which 10.7% were EVs. Mahindra Last Mile Mobility recorded the highest EV share among legacy players at 63.1%, followed by TVS Motor (30.9%). Piaggio Vehicles (4.2%) and Atul Auto (7.1%) continued to have relatively low EV penetration. Meanwhile, pure EV players YC Electric (567 units), Omega Seiki (522 units) and Saera Electric (386 units) recorded 100% EV sales, indicating fully electric portfolios in the cargo segment.

Leading Passenger Vehicle OEMs | ICE vs EV, Oct 2026

In October 2026, the passenger vehicle segment was led by Maruti Suzuki India with 2,11,658 units, with EVs contributing just 0.6%. Tata Motors (20%) and Mahindra & Mahindra (13.2%) showed relatively higher EV adoption among large OEMs. JSW MG Motor India recorded an EV share of 84%, reflecting its strong electric vehicle portfolio. Hyundai (1.3%) and Kia (4.5%) had limited EV penetration, while Toyota (0.7%) remained largely ICE-focused. Skoda Auto Volkswagen India, Honda Cars India, Renault and Nissan recorded no EV sales. VinFast Auto India reported 2,566 units, entirely electric. In the luxury segment, BMW India (26.1%) outpaced Mercedes-Benz India (3.7%) in EV share. Overall, JSW MG Motor, Tata Motors and Mahindra continued to drive EV adoption in the passenger vehicle segment.

Category wise EV Penetration, Oct 2026

In October 2026, EV penetration in the two-wheeler segment stood at 9.7%, down from 11.6% in September but significantly higher than 4.7% in October 2025. EV share in three-wheeler passenger (L5M) sales was 54.5% (compared to 55% in September and 32.1% a year ago), while three-wheeler cargo (L5N) recorded 34%, up from 32.1% in September and 16.1% last year. For four-wheelers, EV penetration stood at 7.3%, down from 8.7% in September but higher than 3.6% in October 2025. Goods carriers recorded an EV share of 4.1%, up from 3.7% in September and 1.5% a year ago.

For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

Also read: India ICE vs EV sales | For top 2W, 3W, 4W OEMs in September 2026