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 | 12263 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

Electric Car and SUV Sales Jump 79% in H1, Set to Cross 300,000 Units in CY2026

Ajit Dalvi 09 Jul 2026

Led by Tata Motors, Mahindra and JSW MG Motor, demand for electric passenger vehicles soared to 148,023 units in the fir...

Electric 2W Sales Race Past a Million Units in First 6 Months and 6 Days of CY2026

Ajit Dalvi 07 Jul 2026

Between January 1 and July 6, electric 2W OEMs have sold 10,05,279 scooters and motorcycles, which is 75% of CY2025’s re...

Bajaj Auto's Three-Wheeler Lead Narrows As Electric Rivals Mahindra And TVS Gain Ground

Autocar Professional Bureau 06 Jul 2026

Despite retaining its position atop India's three-wheeler sales charts through FY26, Bajaj Auto's market share has stead...

NEXT STORY