Monthly RE & EV Updates
September 2025
RE Updates Quick Summary: - Tenders: Over 3,628 MW of RE tenders were issued in September 2025 under the project development category.
- Deendayal Port Authority (DPA) has invited bids for 1000 MW solar project in Gujarat, while SJVN has invited bids for a 600 MW ISTS-connected wind project.
- EPC: Over 3,000 MW of EPC tenders were issued in September 2025.
- Coal India Limited (CIL) has issued an EPC tender for developing 3,000 MW of solar projects spread across Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan, and Madhya Pradesh.
- Installed Capacity: From January to August 2025, about 25,264 MW of Solar and 4,517 MW of Wind capacity were added in the country, taking the cumulative RE capacity to ~242.6 GW.
- In August 2025, a total of 4,654 MW of solar and wind capacity was added—about 30.5% increase compared to the previous month.
- Auction Completed: RUMSL'S 600 MW with 440 MW/880 MWh Solar + BESS auction in Madhya Pradesh was awarded in September 2025, with ACME Solar Holdings (300 MW) and Ceigall India (300 MW) emerging as winners.
- Key deals/ financing trends: In September 2025, a total of about US$ 2,245 Million in investments were made in the RE sector in India.
- IEX GDAM Trend: The IEX traded a total volume of about 994 MUs in GDAM in September 2025, about 10.1% higher than the previous month.
- The average market clearing price in IEX-GDAM for September 2025 is INR 4.04/kWh.
- Module price trends: In September 2025, the domestic module prices of Mono PERC modules remained unchanged in comparison to previous month.
- Policy and regulations: In this month, 15 central and 19 state-level policies/ notifications/ regulations/ orders were issued.
| | EV Sales Digest Quick Summary: - E2W: In September 2025, sales of high-speed electric two-wheelers (HS E2Ws) in India experienced a marginal decline of 0.24% m-o-m, totaling 1,04,056 units. The top 3 players accounted for approximately 58% of total E2W registrations during the month.
- E3W- Passenger: In September 2025, registered sales of passenger electric three-wheelers (E3Ws) stood at 52,564 units, reflecting a ~4% m-o-m and ~6.6% year-on-year decrease over September 2024. The top 8 players in the E3W passenger market collectively held about 45% market share.
- E3W-Cargo: In September 2025, registered sales of cargo-type electric three-wheelers (E3Ws) stood at 8,465 units, reflecting a ~1% month-on-month decrease and ~28% y-o-y increase compared to September 2024. The top 8 players in the electric three-wheeler cargo segment collectively held ~36% of the market.
- E-Cars: In September 2025, total E-Car sales stood at 15,048 units, reflecting a 13% m-o-m decrease. On a y-o-y basis, sales grew by ~160% compared to September 2024. Tata Motors maintained its dominance in the E-Car market, securing a ~40% market share
- E-Buses: In September 2025, total E-bus sales amounted to 346 units, reflecting ~12% m-o-m and ~13% y-o-y decrease, compared to September 2024. Olectra Greentech led the market with a dominant ~41% share, followed by PMI Electro at 24.57%.
Table of content - Segment-wise Performance Summary – September 2025
- Registered EV Sales Trends
- State wise sales
- Monthly sales trends
- Category-wise sales trends
- Segment wise Performances September 2025
- High-Speed Electric Two-Wheeler
- Total sales (September 2024- September 2025)
- Player wise sales
- Player wise Market share in September 2025
- Electric Three-Wheeler Passenger
- Total sales (September 2024- September 2025)
- Player wise sales
- Player wise Market share in September 2025
- Electric Three-Wheeler Cargo
- Total sales (September 2024- September 2025)
- Player wise sales
- Player wise Market share in September 2025
- E-Cars
- Total sales (September 2024- September 2025)
- Player wise sales
- Player wise Market share in September 2025
- E-Buses
- Total sales (September 2024- September 2025)
- Player wise sales
- Player wise Market share in September 2025
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