ICE roars back as tax cuts, festive discounts skip EVs

EV sales rose in Oct, but share of sales plunges as more vehicles were sold overall

- Ayaan Kartik

There’s an interesting twist in this story, though perhaps not entirely unexpected. As buyers thronged showrooms in the thousands to snap up petrol and diesel cars after steep GST (goods and services tax) cuts in October, electric vehicles—which didn’t get a tax break—ended up as collateral damage.

Data released by the country's top dealers’ body, Federation of Automobile Dealers Associations (Fada) on Friday showed that during the month, the total share of EVs sold—across scooters, bikes and cars—fell to its lowest level in the current financial year.