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Luxury EVs surge as India premium segment accelerates
Business
Published on 4 May 2026
₹20 30 lakh EVs are gaining share fast
India’s electric car market is shifting upward. Carmakers are pushing more expensive models, and sales in the ₹20–30 lakh bracket are rising sharply. Meanwhile, cheaper EVs under ₹10 lakh are losing ground. Luxury EV demand remains strong, signaling growth at the top even as it may slow down broad, mass adoption.
- Premium EV models are taking the lead in sales growth
- ₹20–30 lakh bracket is rising while under ₹10 lakh declines
- Luxury EV demand stays resilient
- Market expansion upward could challenge mass adoption
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times