Thursday, September 29, 2022
HomeAutoSales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in...

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

Domestic auto maker Tata Motors led the segment with a retail market share of 15,198 units and a market share of 85.37 per cent. The company retailed 3,523 units in the last financial year. MG Motor India stood second last fiscal with 2,045 units of passenger vehicle sales and a market share of 11.49 per cent.

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

Mahindra & Mahindra and Hyundai Motor India stood third and fourth with sales of 156 and 128 units respectively in the last financial year. The market share of both the companies was less than 1 percent. Mahindra & Mahindra and Hyundai India sold 94 and 184 units of electric vehicles, respectively, in the 2020-21 financial year, FADA data said.

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

Retail sales of electric two-wheelers stood at 2,31,338 units in the last financial year, which is five times higher than 41,046 units sold in the financial year 2020-21. Hero Electric led the segment with sales of 65,303 units capturing 28.23 per cent share in the domestic market.

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

It was followed by Okinawa Autotech, which sold 46,447 units in the last fiscal. Ampere Vehicles secured the third position with sales of 24,648 units. Hero MotoCorp-backed Ather Energy stood at the fourth position with sales of 19,971 units in 2021-22.

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

Bengaluru-based Ola Electric stood at the sixth position with sales of 14,371 units, while TVS Motor Company secured the seventh position in the last fiscal with 9,458 units registered. FADA collected data from 1,397 out of a total of 1,605 Regional Transport Offices. According to FADA, the total electric three-wheeler sales in the last fiscal stood at 1,77,874 units, more than two times from 88,391 units in the previous fiscal.

Sales of electric vehicles tripled, 4.29 lakh electric vehicles were sold in the financial year 2022

FADA noted that sales of EVs grew to 2,203 units in the last fiscal, as against just 400 units in the financial year 2020-21.

- Advertisement -
MOBILE

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News