Luxury EV registrations hit 868 in October, up 53% on last year; BMW leads and Tesla surges

Registrations of luxury electric cars in India reached 868 units in October 2026, against 567 in October last year, a rise of 53.1 per cent. Registrations had been 1,028 in September, so October was 15.6 per cent lower. It was still the second-highest monthly figure for the segment.

BMW retained the top position in the segment, registering 462 electric cars in October. The figure was 365 in the same month last year, an annual increase of 26.6 per cent. BMW's share of the segment's total registrations was 53.2 per cent. Between January and October 2026, the company registered 4,132 electric cars, 48 per cent more than in the same period last year.

Tesla grew fastest. It was the fastest-growing luxury EV brand of the month, registering 291 cars against just 40 in October 2025, an annual rise of 627.5 per cent. Tesla's share of the luxury EV market rose from 7.1 per cent to 33.5 per cent. The gap between BMW and Tesla registrations, which was 325 units last year, narrowed to 171 units in October 2026.

It was a weak month for Mercedes-Benz, whose registrations fell from 121 to 62 units, a drop of 48.8 per cent. The new electric GLC could help the company's sales in the coming period, however. Volvo registered 37 cars, a rise of 54.2 per cent. Porsche's registrations held at 15 units and one Lotus was registered. Not a single electric car from Jaguar or Audi was registered in October.

BMW and Tesla together accounted for 86.8 per cent of registrations this month. The remaining six companies together registered only 115 cars. The luxury electric car market in India is, for now, dominated by these two brands.