Favourable central and state policies on Electric Vehicles (EVs) and high petrol prices push EVs to new heights every month. After a record retail sales in August at 28,906 units, EV retail now stands at 34,216 units growing at 18.7% on a monthly basis, according to the data sourced by Vahan Portal of the Ministry of Road Transport and Highways.
It is to be noted that sales figures represent EVs registered across 1,347 RTOs in 33 states/ UTs.
As the economy is opening up, the need for personal mobility is at an all-time high. At the same time, petrol prices are an all-time high, pushing customers to look beyond ICE vehicles. Hence customers are moving towards electric two-wheelers and three-wheelers, said Suraj Ghosh, Associate Director, Powertrain & Compliance Forecasts, South Asia, IHS Markit.
Industry experts also indicate that rising demand in e-commerce, food deliveries and internet business is another reason for EVs swelling to an all-time high.
As per the JKM research, EV registrations in Sept- 2021 were driven by e2W and passenger-type e3W, which accounted for 92% of total registrations in the month. These categories are followed by cargo-type e3W (5%), electric car (4%) and so on.
The overall high speed-e2W sales in the country in September 2021 stood at 16,641 units, signifying a 12% m-o-m jump and a YoY leap in registrations of 492%.
The sales of registered e3Ws (both passenger and cargo-type) in September 2021 stood at 16,328 units, increasing m-o-m by 26.7%. Passenger e3W sales saw an increase of 28%, whereas cargo e3W sales saw an increase of 20% compared to that of the previous month.
In terms of electric cars, the segment recorded a sale for 1,221 units, witnessing a 27% M-o-M increase in registrations and a Y-o-Y increase of 287.62%.
Tata Motors and MG Motors continue to drive e-car sales, accounting for 98% of registrations in September 2021, with Tata Motors’ share increasing to 72% from the previous month’s 58% share.
Similarly, in the electric bus segment, Tata Motors leads the segment with 68% of the total sales of 79 units.
In terms of region, Uttar Pradesh continues to have maximum monthly registered EV sales with a 21% share in overall sales in India in September 2021. Karnataka has the second-highest sales at 12% share, followed by Tamil Nadu (10%), Rajasthan (9%), Delhi (8%) and Maharashtra (7%).