New Delhi, May 23 -- Rising crude oil prices amid the ongoing West Asia crisis have brought in another round of petrol and diesel increases, which in turn is accelerating India's shift towards electric vehicles (EVs), particularly in the commercial and fleet mobility segment, industry leaders said.

Petrol and diesel prices have been increased three times in the last ten days, putting additional pressure on businesses dependent on transportation and logistics. Industry stakeholders believe the volatility in fuel markets is strengthening the case for electric mobility as companies seek stability in operational costs.

According to industry estimates, global EV registrations crossed 1.6 million units in April 2026, marking the second consec...