GST Cut on Petrol/Diesel Vehicles Slows EV Market Share Growth in India
2 hours agoBusiness
42LENS
1 SourcesIndia
TBNthebalanced.news
GST Cut on Petrol/Diesel Vehicles Slows EV Market Share Growth in India

India's electric vehicle market share for two-wheelers and passenger cars slowed in 2025 after a GST cut on petrol and diesel vehicles widened the price gap, boosting internal combustion engine (ICE) sales. Despite this, overall EV sales continued to grow, with electric three-wheelers showing significant improvement. Automakers offered year-end discounts to mitigate the impact on EV adoption.

Political Bias
33%34%33%
Sentiment
55%