EV India sales have witnessed an all-time high as the electric two-wheelers see a huge jump in sales. Are EVs the future of Indian motoring? Read down below.
According to the recent data shared by the Federation Of Automobiles Dealers Association (FADA); EV India sales has witnessed a huge jump which has never been seen before in the Indian automotive industry.
The EV sales witnessed an increment of applaudable 296% in the month of February touching the 2,352 units mark. Whereas, the two-wheeler EV sales managed to reach a whopping 433% growth in the previous month with a total sales number touching the mark of 32,443 units. These figures in themselves are a testament to the growing EV segment in the Indian auto market.
While a few years ago, the EV segment especially the two-wheelers was started up by small-scale start-ups like Ather Energy; but over time, big giants such as Yamaha, Tata, Hero Electric have also jumped in the EV market. Yamaha has recently launched their Neo electric scooter, whereas the MG recently launched their new 2022 ZS EV.
The growing sales figures of EVs in India has attracted a lot of big manufacturers to develop and manufacture India centric EV products. Sooner or later, more manufacturers are anticipated to jump in the ocean of EVs.
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With the consistently growing fuel price hikes globally, EVs have suddenly found a lot of buyers in the international as well as domestic markets. Also contributing to this sales increase is the semiconductor shortage which is being faced by manufacturers globally. The long waiting periods for products and availability of EVs have contributed to the increment in the sales figures.
In the upcoming time, it is anticipated that many more manufacturers shall dive into the EV segments. An example of this is the newly formed joint-venture of Hero Electric and Mahindra which recently launched a new product called the Optima electric-scooter. Many such joint ventures are supposed to form in the upcoming future as the EV charging infrastructure keeps developing along.
So, tell us what you think about the EV sales and products available in the Indian market by commenting down below. Also, do subscribe to the 91Wheels YouTube channel and become a part of the 91Wheels WhatsApp group for regular automotive updates.
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