{
  "id": 18461783,
  "title": "EV Sales Hit Record High As India's Automobile Retail Market Records 31.72 Lakh Vehicle Sales, Rising 25% Month-On-Month In October",
  "url": "https://urgent.news/2026/11/06/ev-sales-hit-record-high-as-indias-automobile-retail-market-records",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T07:21:45.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/tech/ev-sales-hit-record-high-as-indias-automobile-retail-market-records-3172-lakh-vehicle-sales-rising-25-month-on-month-in-october"
  },
  "original_language": "en",
  "account": "India's automobile industry saw a record 31,72,466 vehicle sales in October, marking a 25% increase from the previous month. However, this represents a 23.80% decline compared to October 2025, with the year-over-year decline largely attributed to the transition from the previous GST 2.0 rate cuts. The share of electric vehicles (EVs) in retail sales reached an all-time high of 3.55 lakh units, a 44.88% increase from the previous year, driving overall EV penetration to approximately 11.5% from 6% a year ago. The festive season's impact was most evident in the two-wheeler segment, which saw a 29.67% increase month-over-month, despite being the most festival-dependent category. Commercial vehicles also performed strongly, with a 2.29% year-on-year increase and a 11.19% rise from September, marking a record October. Passenger vehicles experienced a 14.23% decline from October 2025 but a 18.86% increase from September.",
  "summary": "New Delhi: India’s automobile sector saw total vehicle retails at 31,72,466 units, 25.05 per cent higher than September but 23.80 per cent lower than October 2025, as the year-on-year decline is almost entirely optical, the Federation of Automobile Dealers Associations (FADA) said on Friday. BSE Market Wealth Crosses Historic ₹500 Lakh Crore Milestone, Equity Rally & IPO Boom Fuel Record…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}