In FY26, the Indian auto market saw a massive shift: clean mobility vehicles (EV, Hybrid, and CNG) captured nearly 30% of all passenger vehicle sales, totaling about 1.34 million units.
While many analysts thought high sticker prices would deter buyers, the reality is that the math on running costs is winning out, especially with fuel prices staying high.
Key takeaways:
- CNG sales jumped 20% as the pump network expanded.
- EVs broke the 200,000 unit milestone.
- This wasn’t just driven by subsidies, but by carmakers dropping a flood of new models across every price bracket.
Are we reaching the tipping point where alternative fuel is no longer an “alternative”?
Source: Economic Times