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.

09 Sep 2024 | 12015 Views | By Ajit Dalvi

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 ...

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

RELATED ARTICLES

Petrol Price Hikes Accelerate e-2W Sales for TVS, Bajaj, Ather, Hero Vida, Ola and GEM in May

Ajit Dalvi 02 Jun 2026

Demand for electric 2-wheelers jumped 63% YoY to 170,570 units in May on the back of multiple petrol price hikes. While ...

Tata and M&M Power Record Sales of Electric Cars, Suvs in May Amid Petrol-Diesel-CNG Price Hikes

Ajit Dalvi 01 Jun 2026

With e-PV market leader Tata Motors surpassing 10,000 units for the first time and Mahindra & Mahindra scaling a new hig...

Mahindra BE 6, XEV 9e, XEV 9S Sales Cross 65,000, M&M e-PV Retail Share Jumps to 21%

Ajit Dalvi 21 May 2026

Growing demand for its Electric Origin SUVs sees M&M register wholesales of 65,615 units and 55,267 retail sales since l...

NEXT STORY