The Luxury Electric Car market in India showed some good growth between October 2026 and last month however there was a drop in registrations this month. There were 868 registrations last month which shows an increase of 53.1% compared to 567 units in October 2025. There was however a decrease of 15.6% between September 2026 and this month with 1,028 units registered.
Despite this, the Luxury EV market saw its second highest month of registrations in October 2026. This shows that demand for the Luxury EV market is growing at quite a healthy rate.
BMW were the most successful Luxury EV brand in October 2026 with Tesla coming in second. Both brands combined had 753 registrations which accounts for 86.8% of the market. This shows that there is a lot of competition between the top luxury EV brands in India.
Tesla had the most growth throughout the month. They had 291 registrations in October 2026 compared to only 40 units in October 2025. This shows they had an amazing growth of 627.5% between the two years. This makes them the fastest growing brand out of the 8 luxury brands.
They were also very similar to their September figures. They had 299 registrations in September so only had 8 less units than September.
What is also very important to note is that Tesla have grown their market share massively in the last year. They have gone from having just 7.1% of total Luxury EV registrations in October 2025 to 33.5% in October 2026. This means that roughly 1 in every 3 Luxury EVs registered in India last month were a Tesla.
There is also more competition between BMW and Tesla. In October 2025 BMW had a lead of 325 units over Tesla but in October 2026 they had a lead of only 171 units. Whilst BMW are still leading the market, Tesla have grown quickly and made up a lot of the gap.
Mercedes-Benz had 48.8% less registrations in October 2026 compared to last year.
This shows that whilst the Luxury EV market is growing in India, not all brands are seeing the same level of growth. Tesla are showing rapid growth and BMW are still leading the market. Other luxury brands may feel pressure to improve their EV range.
As more premium EVs enter the Indian market, competition may become tighter. It will be interesting to see if Tesla can catch up with BMW and if any other luxury brands can make a comeback in the fast growing Premium Electric Car market in India.