Electric vehicle retail sales zoom over three-fold in FY22
The Hindu
Total electric vehicle retails reached 4,29,217 units in 2021-22, with two-wheeler offtake leading the segment
Electric vehicle retail sales in the country witnessed over three-fold jump last fiscal with two-wheeler offtake leading the segment, according to data compiled by automobile dealers' body FADA.
Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise of three-fold from 1,34,821 units in the financial year 2020-21, the industry body said.
Total EV sales had stood at 1,68,300 units in the 2019-20 fiscal, it noted. According to the Federation of Automobile Dealers Associations (FADA), electric passenger vehicle retail sales stood at 17,802 during the last fiscal, up over three-fold from 4,984 units in FY21.
Home-grown auto major Tata Motors led the segment with retails of 15,198 units and a market share of 85.37% in the vertical. The Mumbai-based company's retail sales stood at 3,523 units in 2020-21.
MG Motor India settled into the second place with sales of 2,045 units last fiscal with a market share of 11.49%.
It had retailed 1,115 units in the 2020-21 fiscal.
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