Pro Plus

World EV Day Special: Will EV sales in India hit 2 million units in FY2025?

Five months into FY2025, EV industry retails at 733,000 units are 43% of FY2024’s record 1.68 million units. If the 2- and 3-wheeler segments, which account for 94% of total sales, maintain the same momentum they have displayed in April-August 2024, the 2-million mark could be attained. A lot though depends on whether FAME III subsidy is enabled, OEMs rationalising EV prices with enhanced localisation and accelerated customer acceptance of e-mobility.

By Ajit Dalvi calendar 09 Sep 2024 Views icon10708 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
World EV Day Special: Will EV sales in India hit 2 million units in FY2025?

Today – September 9, 2024 – is the fifth anniversary of World EV Day, the biggest electric mobility campaign of the year. It is a day which unites companies and individuals, policy makers and thought leaders, one which sees activations and announcements that help continue to propel the zero-emission movement worldwide in a time of unbridled climate change. It’s also reason to take a close look at how the EV industry is faring in India, which is one of the fastest-growing automotive markets globally.

Five months into FY2025, India EV Inc's retail sales of  732,893 units (up 19% ...

This is an Autocar Pro Plus article. Subscribe to continue reading.

RELATED ARTICLES
Toyota Hyryder sells over 7,000 units for two straight months, surpasses 150,000 sales

auther Ajit Dalvi calendar14 Jul 2025

Demand grows speedily for Toyota’s sporty looking midsize SUV which scores high on fuel efficiency with its strong-hybri...

Hyundai Creta to Skoda Kylaq: Top 20 utility vehicles in Q1 FY2026

auther Ajit Dalvi calendar13 Jul 2025

The utility vehicle segment, which accounts for over 60% of the passenger vehicle market in India, sees compact and mids...

Top 10 MPVs in Q1 FY2026: Maruti Ertiga, Toyota Innova, Kia Carens sell 89,000 units

auther Ajit Dalvi calendar11 Jul 2025

Amidst the raft of popular SUVs which are the growth drivers of the utility vehicle market, a clutch of multi-purpose ve...