MoneyWorks4Me

India's EV retail sales jump 52.9% in August: FADA

09 Sep 2026 Evaluate

Federation of Automobile Dealers Associations (FADA) has said that India’s electric vehicle (EV) retail sales increased 52.9 per cent year-on-year to 2,98,448 units in August 2026. It said overall EV market penetration expanded to 12.3 per cent during the month, up from 9.5 per cent in August 2025.

FADA said the two-wheeler segment led the growth, with retail sales rising 67.05 per cent to 1,83,204 units in August 2026 from 1,09,673 units a year earlier. Electric passenger vehicle (PV) retail sales were up 51.88 per cent at 30,696 units in August 2026 as against 20,210 units in August 2025. 

It said electric three-wheeler sales also registered strong growth of 25.28 per cent, rising to 79,846 units in August 2026 from 63,736 units in the corresponding month last year. Electric commercial vehicle (CV) retail sales almost tripled at 4,702 units in August 2026 from 1,631 units in August 2025.  


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: