New Delhi5 minutes ago
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Electric vehicles (EV) sales increased by 25% year-on-year in September. Total EV registrations (including all segments) stood at 1.49 lakh. In September last year, 1.19 lakh EVs were registered. This year this figure was 1.47 lakh. A growth of 19% was recorded in the first half (April-September) of the current financial year. A total of 8.37 lakh EVs were registered during this period.
Last year, 7.02 lakh vehicles were registered in the same period. According to the vehicle portal, sales of electric passenger vehicles (cars and SUVs) in the first half of the current financial year stood at 43,120 units. Last year, 42,550 e-passenger vehicles were sold in the same period. Sales in the first quarter increased by 8.6% to 22,749 units. Sales declined 6% to 20,141 units in the second quarter.
Two wheeler EV sales increased by 40% in September, 88 thousand sold
- Sales of electric two wheelers in September stood at 88 thousand units. It was 63 thousand units in September 2023 and 87 thousand units in August 2024. That means there was an increase of 40% on annual basis.
- Ola Electric’s sales in September stood at 23,965 units, compared to 26,928 units in August 2014. Bajaj sold 18,933 units, up from 16,650 in August. This helped Bajaj overtake TVS Motors to take the second position.
- Registration of electric three wheelers in September was 54 thousand units. It was 49 thousand units in September 2023 and 52 thousand units in August 2024. That means an increase of 10% on annual basis.
Electricity consumption at the country’s charging stations doubled
- In the first quarter of the current financial year, electricity consumption at public charging stations (PCS) of EVs has more than doubled on an annual basis. During this period, 17.69 crore units of energy were consumed, which is more than 108% on an annual basis.
- There were 16.82 lakh EVs in India in 2023-24, which will increase to 45.75 lakh by July 2024. There are estimated to be 5 crore EVs in the country by 2030, whose market can reach Rs 4 lakh crore.
- There were 1,800 public charging stations in February 2022, which increased to 16,347 in March 2024. India will need to install 4 lakh stations annually to achieve the ratio of one station per 40 EVs.
- The total sales (domestic and exports) of the largest car manufacturing company Maruti increased by 2% in September. A total of 1,84,727 vehicles were wholesaled. Exported 27,728 cars, 23% more than September last year.
- SUVs accounted for 70% of Hyundai’s total sales. This is its record for highest SUV sales in a single month. CNG had 13.8% share.
- Kia Motors sold a maximum of 5,351 Kia Sonet in September, 44% more than last year.
