Electric Vehicle Sales Data India

It just formed a measly 0 067 per cent of the total car sales in india during the same time.

Electric vehicle sales data india.

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. India had only around 6 000 electric vehicles registered at the end of 2015. However ups and downs have occurred before. The ev market in india was about 25 000 units at the end of 2016 17.

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

The current slump in electric vehicle sales does not necessarily indicate a change in trend. Indian new vehicle sales decreased by 3 9 in december 2019. However government s efforts to promote electric cars have been dismal and disappointing. The sale of electric 4 wheelers.

According to a report only 1 071 units of electric cars were sold in india between april october 2019. Get in touch society of manufacturers of electric vehicles smev plot no. Comparative sales growth for electric two wheelers was 130 percent year on year. Fame ii may see sales reduce.

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. 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. Follow us on 1 st may 2019 8 00 am.

95 of the indian ev market is dominated by 2 and 3 wheelers. 57 udyog vihar phase iv sector 18 gurugram 122015 haryana india tel no.