Cautious optimism prevails as EV market cools
As electric vehicle manufacturers grapple with the withdrawal of subsidies for fleet vehicles and the continued exclusion of private cars from government support schemes, the industry faces significant challenges in maintaining adoption rates and market momentum in the coming years.
4775 Views
Electric passenger vehicle sales in India have been on a downward trajectory, with September 2024 marking a 17-month low of just 6,098 units sold. Month-on-month sales have been declining since March, when subsidies for fleet EVs were discontinued.
Sales in March stood at 9,769 units, but by September, they had plummeted 37% -- when they hit a 17-month low of 6,098 units (excluding a temporary boost during the festive season in October when it crossed the 10,000 mark). EV market leader Tata Motors held a 65% market share for the January-October 2024 period. However, this marks a significant year-on-year ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
Hybrids Gain Ground as India’s EV Transition Faces Infrastructure, Cost Hurdles
Ketan Thakkar
09 Jul 2025
Slower-than-expected EV adoption, tight CAFE norms and ever-present efficiency demands are giving hybrids a second wind ...
Continental Taps India as Global Hub for R&D and Manufacturing
Shahkar Abidi
09 Jul 2025
Continental’s spin-off of its automotive business into AUMOVIO marks a strategic shift, placing India’s engineering and ...
India's EV Story: Promise, Progress, and Challenges
Ketan Thakkar
09 Jul 2025
Amid the fanfare of new launches and soaring expectations, mainstream buyers remain hesitant.
