Electric vehicle sales in FY25 go up nearly 17%, but miss 2-million mark

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Electric vehicle sales in FY25 go up nearly 17%, but miss 2-million mark - Business Standard

Quick Summary:

Bajaj Auto, with its Chetak offering, cornered a market share of 11.7 per cent, whereas Hero MotoCorp-backed Ather Energy cornered a market share of 6.6 per cent.

In the last financial year, India registered 1.96 million units of EVs against 1.68 million units a year ago, according to data from the road and transport ministry’s Vahan portal.

Accounting for 58 per cent of all EV registrations in FY25, the segment’s resilience was fuelled by heightened consumer sentiment, aggressive expansion by established players and a wave of new high-performance models at competitive price points.