Luxury Electric Car Sales August 2026: BMW Leads Despite 35% Decline, Tesla Holds Second Spot

BMW led India's luxury electric car market in August 2026 with 274 registrations and a 49.6% market share. The German luxury carmaker saw a 35.1% year-on-year decline in volumes, down from 422 units in August 2025. Meanwhile, Tesla maintained the second position with 116 registrations and a 21% market share. Mercedes-Benz was just two units behind Tesla with 114 registrations, while Volvo recorded 33 registrations and Porsche registered 15 electric cars.