M&M bags second spot, Tata Motors still tops EV charts

Mumbai: Mahindra & Mahindra has surpassed JSW MG Motor to become the second-largest electric carmaker in terms of monthly sales, according to March vehicle registration data.

The manufacturer of BE 6 and XEV 9e sold 5,217 units of EVs the past month, narrowly ahead of JSW MG Motor’s 5,113 units. For the financial year ended March 31, JSW MG Motor stayed at the second spot, show data from the government’s Vahan portal.

Long-time leader Tata Motors sold 8,224 electric vehicles in March, up 65% from a year earlier. But it ceded some ground to competitors, particularly Mahindra. Its market share declined to 39.2% in FY26 from 53.4% in FY25.

Mahindra climbed to the second place within 12 months of entering the market with SUVs that run purely on electricity. A fast-paced launch of new models helped it grow sales 141%-from 2,166 units in March 2025 to 5,217 units a year later. Its market share for the fiscal year rose to 21.2% from 7.8% in FY25.

Mahindra previously had a short stint with limited success in the electric car space, after acquiring a majority stake in the urban mobility-focused Reva Electric Car company in 2010.

JSW MG Motor’s sales in March rose 21% from a year earlier. Its Windsor EV has been a consistent volume driver. Its fiscal -year market share, meanwhile, slipped to 26.4% from 28.0%.

Kia Motors was among the standout movers. The brand sold 940 units in March 2026 against 25 a year earlier and posted 4,183 units for FY26 compared with 409 units the prior year. This lifted its market share to 2.1% from 0.4%.