Electrified vehicles near half of India’s ₹30 lakh-plus car market
Electrified models accounted for 49.1% of registrations in India’s ₹30 lakh-plus passenger-vehicle segment in January–May 2026, up from about 10% three years ago. Mercedes-Benz, BMW and Volvo are widening EV, hybrid and plug-in hybrid offerings as premium buyers prioritise technology, running costs and sustainability.
Electrified models are nearing majority share of India’s ₹30 lakh-plus car market, driving luxury automakers to expand EV, hybrid and plug-in hybrid portfolios. Mercedes-Benz, Volvo and BMW report rising EV adoption as buyers focus on technology, ownership costs and sustainability.
Why this matters
The shift extends Mercedes-Benz India’s recent electrification push: it sought clearer V2X rules with MG and launched the AMG E 53 HYBRID 4MATIC+ at ₹1.45 crore, while AMG sales among ₹1.4 crore-plus buyers rose 50%.
Retail-company signals are accelerating, up 1,111,300% QoQ.