Automotive sales in India is showing rapid growth as compared to previous years. The industry is aiming to produce more and more Electric Vehicles In India instead of petrol and diesel engines. With the evolution of electric mobility, new automotive companies are setting up their plants.
Even the government is also pushing the industry to shift towards EVs for cleaner and greener transportation. That said, soon there will be a sudden flip in the industry that will change everything. Electric bikes and cars have received a YoY (Year on Year) growth of 115.3% and 132.4% respectively. Ola recently launched its first electric e-scooter which was able to achieve a 90,000 bookings milestone within its first bookings window.
The anxiety about its range is also taken care of and there are plans by various big companies to set up charging stations across the country. The public has also started understanding and some have even taken a move towards electric mobility. According to reports, E-scooters alone has noticed a YoY growth rate of 220.7% increase in sales in tier 1 cities.
Prasun Kumar, Chief Marketing Officer at Just Dial said, It is extremely encouraging to see the recent surge in electric vehicles, which can be taken as a build-up to tackle the concerning pollution levels in the capital and the nation at large, as well as the impending threat of climate change. With the lessons taken from COP26, it is evident that the world would need a strong and sustainable infrastructure to breathe cleaner air,
Tata is on top of the list in introducing new EVs and has also installed 10,000 charging stations whereas other brands like Hero Electric is also aiming to set up one lakh charging stations in three years.
Tata Nexon has seen the highest number of units sold followed by MG ZS EV, Tata Tigor and Hyundai Kona. The market is already floating with electric vehicles. That said, not only cars but even scooters and motorcycles with commercial vehicles are also introduced in the market. Ultra Violet F77 is soon to be launched in India which claims to be one of the fastest electric motorcycles. The automotive industry is getting competitive and is ready to introduce electric variants for their existing models as well. Tata will anytime reveal its upcoming Altroz EV, Mahindra and other carmakers are also on the list.
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