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Festival season sparks rebound in EV sales
Business Standard
|November 04, 2024
The festival season has provided a much-needed boost to India's electric vehicle (EV) market in October, reversing a decline that persisted for the previous two months.
Registrations reached 217,716, representing a 35 per cent recovery from the 160,237 units sold in September. This also marks the highest monthly sales figure recorded to date.
This new high even outpaced March's 213,063 units—a number bolstered by the final days of the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) scheme, showing just how much demand has been turbocharged this year.
The latest tally marks the second time in 2024 that monthly EV sales surpassed the 200,000 mark, pushing the total EV registrations past the 1.6 million milestone, according to Vahan data from the Ministry of Road Transport and Highways.
The electric two-wheelers remained the largest segment, posting sales of 954,241, or 59 per cent of the total EV pie.
Hot on its heels were electric three-wheelers, which accounted for 568,419 units or 35 per cent.
Diese Geschichte stammt aus der November 04, 2024-Ausgabe von Business Standard.
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