India Sees Growth in Taxi Registrations and Electric Passenger Vehicle Adoption

India's passenger vehicle market is experiencing significant growth, with taxi registrations nearly tripling over four years to over 312,000 in 2025, led by Maruti Suzuki's 72% market share. Carmakers like Hyundai and Vinfast are launching dedicated taxi models to capitalize on this trend. Concurrently, India's electric passenger vehicle market has expanded sharply, reaching about 170,000 registrations in 2025, with southern states such as Karnataka, Kerala, and Tamil Nadu playing a key role due to urban density and infrastructure, alongside Maharashtra's large volume contribution.