Electric Vehicle Sales Data India

Indian new vehicle sales in december 2019 were down 3 9 y y to 302 408 units versus 314 676 units in december 2018.

Electric vehicle sales data india.

Maruti suzuki india ltd maker of the sales leader alto i don t think the government or the car companies expect that in the next two to three years there will be any real buying of electric. Hence fy 2017 2018 saw de growth in sale of electric four wheelers where the sales are down year on year by 40 percent. According to a report only 1 071 units of electric cars were sold in india between april october 2019. While india s transport minister mr nitin gadkari had committed that india india will stick to its plan of having 100 electric mobility by 2030.

Indian new vehicle sales decreased by 3 9 in december 2019. India electric vehicle market is projected to grow at a cagr of over 37 during fy2018 fy2023. The indian electric vehicles ev market is at a very nascent stage comprising of only 1 of the total automobile sales. Ev sales in india cross 7 5 lakh mark in fy2019.

The current slump in electric vehicle sales does not necessarily indicate a change in trend. 95 of the indian ev market is dominated by 2 and 3 wheelers. Comparative sales growth for electric two wheelers was 130 percent year on year. India is a still a long way from warming up to electric cars and the sales data from april 2019 to october 2019 show that.

The ev market in india was about 25 000 units at the end of 2016 17. Get in touch society of manufacturers of electric vehicles smev plot no. The sale of electric 4 wheelers. However ups and downs have occurred before.

Fame ii may see sales reduce. Sales ev sales in india for the year end 31 march 2016 was up 37 5 at 22 000 but of that only 2 000 units were cars. Wattev2buy is looking for country ambassadors to supply ev and phev sales data or writing blogs on the ev market. It just formed a measly 0 067 per cent of the total car sales in india during the same time.

However government s efforts to promote electric cars have been dismal and disappointing. Robust market growth is anticipated on account of rising number of government initiatives such as incentive schemes to encourage adoption of environment friendly electric vehicles growing consumer inclination towards electric vehicles concerns over harmful effects of air pollution and huge.