India's EV Market | The electric vehicle boom

A wider choice of models, lower running costs and uncertainty over fossil fuel prices are pushing EV sales and market penetrationRISING APPEAL: Customers explore electric cars at a Tata Motors showroom, Gurugram, October 25 (Photo: Arun Kumar)ISSUE DATE: Nov 23, 2026 | Nov 13, 2026 17:00 IST When Rijo joy decided to replace his 14-year-old Honda motorcycle in August, he wanted to move away from petrol. The 27-year-old, who works with a realty firm in Navi Mumbai, settled on the BGauss C12i Max 2.0, an electric scooter made by a Mumbai-based company. It cost him Rs 1.25 lakh, inclusive of three-year insurance and registration. Trained as an automobile engineer, Joy compared models before choosing one with lithium iron phosphate batteries, comprising 24 smaller cells that he says are easier to dismantle and repair. A full charge takes six hours and consumes just 2.5-2.6 units of electricity, adding little to his monthly power bill.