India EV Market Trend Update 2025-Feb/ English
Overview
In recent years, the EV market in India has been growing significantly, driven by government policies. This market is attracting not only startups but also major companies.
This report provides a monthly update on the rapidly growing EV market in India.
FY24 Sales Figures
E-2 Wheelers: 944,126 units
E-3 Wheelers: 632,485 units
E-4 Wheelers: 90,432 units
E-Buses: 3,693 units
Top EV Brands (February 2025)
2-Wheelers:
Bajaj: 21,389 units, TVS: 18,764 units, Ather: 11,808 units, OLA: 8,647 units, Ampere: 3,700 units
4-Wheelers:
TATA: 3,812 units, MG Motor: 3,271 units, Hyundai: 738 units, Mahindra: 424 units, BYD: 254 units
Recent News (February 2025)
Tesla's Entry: Tesla plans to open its first showrooms in India in April 2025.
OLA's New Model: OLA will start deliveries of its Roadster X series in mid-March 2025.
Government's New Policy: A new EV policy to support Tesla's entry is expected to be announced soon.
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