World EV Day Special: Will EV sales in India hit 2 million units in FY2025?
Five months into FY2025, EV industry retails at 733,000 units are 43% of FY2024’s record 1.68 million units. If the 2- and 3-wheeler segments, which account for 94% of total sales, maintain the same momentum they have displayed in April-August 2024, the 2-million mark could be attained. A lot though depends on whether FAME III subsidy is enabled, OEMs rationalising EV prices with enhanced localisation and accelerated customer acceptance of e-mobility.
09 Sep 2024
10046 Views
Share -
Today – September 9, 2024 – is the fifth anniversary of World EV Day, the biggest electric mobility campaign of the year. It is a day which unites companies and individuals, policy makers and thought leaders, one which sees activations and announcements that help continue to propel the zero-emission movement worldwide in a time of unbridled climate change. It’s also reason to take a close look at how the EV industry is faring in India, which is one of the fastest-growing automotive markets globally.
Five months into FY2025, India EV Inc's retail sales of 732,893 units (up 19% ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
Maruti Nexa sales cross 500,000 for second fiscal in a row, 6 of 8 models see decline in FY2025
Autocar Professional Bureau
11 Apr 2025
In FY2025, Maruti Suzuki's premium Nexa channel sold 543,050 passenger vehicles compared to 561,050 units in FY2024. Of ...
Nexa models sell 3.1 million units in 10 years, take 31% share of Maruti Suzuki sales in FY2025
Autocar Professional Bureau
11 Apr 2025
From a 5% share of Maruti Suzuki’s passenger vehicle sales in FY2015 to 31% in FY2025, the Nexa premium channel continue...
Exclusive: Maruti Fronx is first Nexa SUV to hit 300,000 sales
Autocar Professional Bureau
10 Apr 2025
Baleno-based Maruti Fronx becomes the first premium SUV from the Nexa channel to achieve cumulative sales of 300,000 uni...
