3 EV Stocks with Over 100% EV Sales Growth in July 2026

#2 Tata Motors Passenger Vehicles

Next on the list is Tata Motors Passenger Vehicles.

The company is one of India's leading automobile manufacturers, offering a diverse portfolio of cars and SUVs renowned for their design, safety, and performance.

The company is at the forefront of India's electric vehicle revolution.

In FY26, Tata Motors retained its position as the market leader in India's electric passenger vehicle segment for the seventh consecutive year.

The company offers popular electric cars like the Punch.ev, Nexon.ev, Tiago.ev, and Curvv.ev.

During the year, the company recorded its highest-ever EV sales volume of 92,179 units and highest-ever EV revenue of Rs 134.1 bn.

Tata Motors' electric vehicle (EV) business continued to see strong momentum, with EV sales, including domestic and international markets, more than doubling to 15,217 units in July, up 114% from 7,124 units a year earlier.

The July performance comes amid strong momentum in India's passenger vehicle market, with major automakers reporting improved volumes.

Going forward, Tata Motors aims to drive EV adoption by broadening its affordable EV offerings, enhancing vehicle range, narrowing the price gap with ICE vehicles, and expanding its charging network across India.

For more details, see the TATA MOTORS PASSENGER VEHICLES LIMITED company fact sheet and quarterly results.

#3 Hero MotoCorp

Next on the list is Hero MotoCorp.

Hero MotoCorp has been the world's largest manufacturer of motorcycles and scooters for 24 consecutive years. Since inception in 1984, the company has sold over 124 m two-wheelers in more than 48 countries.

The company has strengthened its presence in the electric mobility space through its dedicated EV brand, VIDA.

Hero MotoCorp continued its strong growth momentum in July 2026, with total dispatches rising 19% year-on-year to 533,416 units, compared to 449,755 units in July 2025.

Hero MotoCorp's electric mobility business also witnessed strong growth in July 2026. Its dedicated EV brand, VIDA, dispatched 22,714 electric scooters during the month, more than doubling from 11,226 units in July 2025, reflecting a 102% year-on-year growth.

The robust performance highlights rising consumer demand for Hero's electric offerings. During the month, VIDA also expanded its international footprint by entering Nepal, marking its first overseas market.

Further strengthening its product lineup with the launch of a new 4.4 kWh battery variant offering an improved riding range.

Going forward, Hero MotoCorp is focusing on scaling its EV business. The company expects a ramp-up in capacity by FY27, supported by investments in manufacturing and distribution.

At the same time, it's expanding its presence in global markets, including Africa, Latin America, Europe, and newer regions like the Philippines.

For more details, see the HERO MOTOCORP company fact sheet and quarterly results.

Conclusion

India's electric vehicle industry continues to gain momentum, supported by rising fuel prices, favourable government policies, improving charging infrastructure, and increasing consumer adoption.

The strong sales reported by these companies in July 2026 indicate that EV demand remains robust across both passenger and two-wheeler segments.

However, monthly sales figures are only one piece of the puzzle. Before investing, investors should also evaluate factors such as market share, profitability, product pipeline, valuation, battery technology, capacity expansion plans, and the company's long-term growth strategy.

Happy Investing.

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