Electric cars may pass 8% of sales in FY27: what could make more Indians buy one
27 October 2026 · 2 min read · HireHo
Based on a Deccan Herald report of 19 October 2026 (the full article text was not available to us). Summarised in our own words.
A Deccan Herald report published on 19 October 2026 says electric car penetration in India is likely to double to over 8% in the financial year 2026-27. We could read only the headline and summary of the report, so we cannot say who made the projection.
Reasons the report gives
- New electric car launches
- More charging infrastructure
- New ownership options, including Battery as a Service (BaaS) and vehicle buyback programmes, aimed at buyers' worries
How this compares with actual data
FADA's September 2026 retail data already shows electric cars at 8.45% of passenger vehicle sales, up from 5.74% a year before. Month-to-month, though, the share moves up and down. EVreporter measured electric cars at 8.1% in July and 7.6% in August.
What BaaS means
In a battery-as-a-service plan, the buyer pays for the car and pays separately to use the battery, which lowers the upfront price. A buyback programme promises to take the car back later at an agreed value. Terms differ by company, so read the offer in full.
Treat this as a forecast, not a fact. Forecasts are often revised.