Business

Electric vehicle retail sales zoom over three-fold in FY22


Electric car retail gross sales within the nation witnessed over three-fold soar final fiscal with two-wheeler offtake main the phase, in line with knowledge compiled by car sellers’ physique FADA.

EVs

Photograph: Chris Helgren/Reuters

Total electrical car (EV) retails reached 4,29,217 items in 2021-22, an increase of three-fold from 1,34,821 items within the monetary 12 months 2020-21, the trade physique stated.

Total EV gross sales had stood at 1,68,300 items within the 2019-20 fiscal, it famous.

 

According to the Federation of Automobile Dealers Associations (FADA), electrical passenger car retail gross sales stood at 17,802 over the last fiscal, up over three-fold from 4,984 items in FY21.

Home-grown auto main Tata Motors led the phase with retails of 15,198 items and a market share of 85.37 per cent within the vertical.

The Mumbai-based firm’s retail gross sales stood at 3,523 items in 2020-21.

MG Motor India settled into the second place with gross sales of two,045 items final fiscal with a market share of 11.49 per cent.

It had retailed 1,115 items within the 2020-21 fiscal.

Mahindra & Mahindra and Hyundai Motor India stood at third and fourth locations with dispatches of 156 and 128 items respectively, each settling for a market share of lower than 1 per cent.

M&M and Hyundai had bought 94 and 184 items respectively within the 2020-21 fiscal, FADA knowledge stated.

Electric two-wheeler retail gross sales final fiscal stood at 2,31,338 items, a soar of over five-fold from 41,046 items in 2020-21, it said.

Hero Electric led the phase with gross sales of 65,303 items, grabbing 28.23 per cent share within the home market.

It was adopted by Okinawa Autotech which retailed 46,447 items final fiscal.

Third place was taken by Ampere Vehicles with gross sales of 24,648 items.

Hero MotoCorp-backed Ather Energy stood at fourth place with registration of 19,971 items in 2021-22.

Bengaluru-based Ola Electric with gross sales of 14,371 items stood at sixth place, whereas TVS Motor Company with registrations of 9,458 items took the seventh place final monetary 12 months.

FADA, which gathered knowledge from 1,397 of the full 1,605 regional transport places of work, stated that whole electrical three-wheeler gross sales final fiscal stood at 177,874 items, registering a rise of two-fold over 88,391 items within the previous fiscal.

Similarly, FADA famous that electrical business car gross sales rose to 2,203 items final monetary 12 months as in contrast with 400 items in FY21.



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