Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
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.
This story is from the November 04, 2024 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
Meity may cut compliance timeline for key DPDP rules
The Ministry of Electronics and Information Technology (Meity) is likely to shorten the implementation timeline for certain provisions under the administrative rules of the Digital Personal Data Protection (DPDP) Act for significant data fiduciaries (SDFs) to 12 months from the earlier 18 months, sources told Business Standard.
2 mins
January 23, 2026
Business Standard
Opportunity for 'great powers' to join forces: Merz on India-EU FTA
Days before the signing of a free agreement between India and the European Union, German Chancellor Friedrich Merz (pictured) on Thursday said \"the era of great powers\" presents an opportunity for countries favouring regulations to join forces against protectionism and isolationism.
1 mins
January 23, 2026
Business Standard
Record $32 bn raised in 2025 via overseas syndicated loans
Pipeline robust as firms look at more acquisitions
3 mins
January 23, 2026
Business Standard
DLF posts 13.6% profit on high net income
Realty major DLF reported a 13.6 per cent year-on-year (Yo-Y) rise in its consolidated net profit for the third quarter of financial year 2025-26 (Q3FY26), driven by high net income and strong operational performance.
1 min
January 23, 2026
Business Standard
Canada PM's likely India visit to boost Cepa talks
Both sides working to ensure Carney visits New Delhi before March-end.
3 mins
January 23, 2026
Business Standard
IndiGo Q3 net nosedives 78%
Dec flight disruptions, labour Codes, depreciation hit earnings
3 mins
January 23, 2026
Business Standard
Bank unions to go on strike on January 27
The United Forum of Bank Unions (UFBU) is likely to go ahead with the proposed allIndia bank strike on January 27, demanding five-day work week, after a conciliation meeting convened by the chief labour commissioner (central) between UFBU and the Indian Banks' Association (IBA) ended without an agreement.
1 min
January 23, 2026
Business Standard
EU suspends GSP export benefits; textiles, plastics likely to be hit
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc.
1 mins
January 23, 2026
Business Standard
Competitive challenges to keep Eternal under pressure
The Q3FY26 results from Eternal contained two major surprises.
3 mins
January 23, 2026
Business Standard
Zeel net profit down 5%
Zee Entertainment Enterprises (Zeel) on Thursday reported as.1 per cent fall in its consolidated net profit to ₹155.3 crore in the third quarter of the financial year 2026 (Q3FY26) against the same period last year.
1 min
January 23, 2026
Listen
Translate
Change font size