Electric surge: EVs drive almost 20% of India’s new car sales growth, bucking global decline


Mahindra’s sales jumped to 631,638 cars in FY26 from 517,081 in the previous year 2025, an increase of 114,557 units. The company’s EV sales in the same period grew to 42,721 from 8,426 units, contributing 30% to the company’s incremental sales growth.



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