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.
09 Sep 2024
10733 Views
Share -
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
Tata Motors rolls out 600,000th Punch 45 months after launch, sells 589,253 units
Ajit Dalvi
18 Jul 2025
While production of the first 300,000 units took 26 months, the last 300,000 units have been manufactured in just 19 mon...
Honda scooter market share drops to 39%, TVS’ rises to 29% in Q1 FY2026
Ajit Dalvi
17 Jul 2025
The April-June 2025 quarter saw flat scooter wholesales at 1.66 million units albeit its share of the overall 2W market ...
Bajaj Auto ahead of TVS in e-2W sales in first-half July, Ather moves up to No. 3
Ajit Dalvi
16 Jul 2025
Having sold 9,919 Chetaks between July 1-15 and ahead of TVS Motor Co by 505 units, Bajaj Auto finds itself topping the ...
