The sales figures for luxury electric vehicles for June 2026 have officially been made public. Including 7 companies that are BMW, Mercedes-Benz, Volvo, Tesla, Porsche, Audi and Lotus, a total of 804 units have been sold, an increase of 139 units compared to the previous month, marking a growth of 20.99%. On a year-on-year basis, the sales have increased by 413 units, registering a boost of 105.6%.
BMW sold 489 units, capturing a market share of 60.8%. On a month-on-month basis, the sales have increased by 115 units, registering growth of 30.70%, and on a year-on-year basis, they have increased by 247 units with a 102.10% hike. It clearly shows the Indian buyers are going with the BMW for luxury and comfort. Compared to other players in the market, they have performed better.
The second brand with the most sales is Mercedes-Benz; they have sold a total of 234 units with a market share of 29.1%. In the previous month, this carmaker sold only 217 units in India; on a month-on-month basis, their sales have increased by only 17 units with 7.80% growth. But on a year-on-year basis, they have seen growth of 121 with a healthy boost of 107.10%.
Volvo, a Swedish automobile manufacturer, got this spot among the 7 companies that are selling luxury EVs in India. They sold a total of 36 units in June 2026 with 4.5% market share, 3 more than the previous month and 7 more than the same month of the previous year. On a month-on-month and year-on-year basis, this carmaker has registered a growth of 9.10% and 24.10%, respectively.
Tesla, the electric vehicle manufacturer from the United States, has sold only 35 units with 4.4% market share, achieving the fourth spot in the sales ranking. They made their debut in the Indian market back in July 2025, meaning no comparison on a year-on-year basis is possible. Notably, on a month-on-month basis, their sales have decreased by just 1 unit, registering a degrowth of 2.8%.
Porsche, a German automobile manufacturer, sold a total of 8 units, with only 1%. On a year-on-year basis, their sales have increased by 5 units, registering a growth of 166.70%; but on a month-on-month basis, they have sold only 3 more units than the previous month, recording 60.00% growth. This carmaker has very few sales compared to other brands in the segment, but they are selling only three models by importing them as CBUs.
Audi and Lotus both sold only 1 unit with a 0.1% market share; compared to the previous month, their sales increased by 1 unit, as there were no sales in May 2026, so month-on-month growth is not applicable to them. On a year-on-year basis, their sales have decreased by 1 unit, registering a decline of 50%. We haven’t seen any change in their sales figures because they haven’t introduced any updated model to the market for quite some time.
Our take:
- The demand for EVs in India has risen significantly over the past six months, prompting people to consider them as alternatives to luxury vehicles. Sales are expected to increase further in the coming months. Reports indicate that over 30,000 EV units were sold in India in June 2026, although the official figures have yet to be released.
- Over the past five years, several new EV models have been introduced in the Indian market. Tata Motors currently holds the largest market share in India’s EV segment; they recently added a new model, Tata Sierra EV, to their lineup and plan to launch more models in the future.