India EV Market Trend Update 2024-Nov/ English

EV Sales by Fiscal Year

Two-wheelers and three-wheelers account for the majority of sales in the Indian EV market.

Electric two-wheeler sales by fiscal year

The two-wheeler category has been increasing its sales every year, and FY24 has exceeded the previous year in almost every month of the year.

Comparison of total sales of EVs and hybrids by maker

In a comparison of EVs and hybrids, hybrid vehicle sales are significantly higher than EV four-wheelers.

The hybrid segment is such that Maruti Suzuki and TOYOTA dominate the hybrid vehicle segment. On the other hand, in the EV segment, the TATA and MG motors seem to be leading the EV sales.

This report provides a summary of monthly data, relevant articles and policies on EVs in India.

For full report, refer to this link.