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This Article is From Jan 09, 2024

EV Sales Jumps 49% To 15.29 Lakh Units In 2023: FADA

EV Sales Jumps 49% To 15.29 Lakh Units In 2023: FADA
Tata Motors' new Nexon EV MAX. (Source: Company website)
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Nifty MidSmall India Consumption
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Electric vehicle sales in India jumped 49.25% year-on-year to 15,29,947 units in 2023, according to a data released by the Federation of Automobile Dealers' Association on Tuesday.

The EV industry had recorded a total sales of 10,25,063 units in 2022, as per the data.

The two-wheeler sales grew 36.09% to 8,59,376 units in the just-concluded year against 6,31,464 units in 2022, it said.

The e-three-wheeler sales volumes surged 65.23% year-on-year to 5,82,793 units from 3,52,710 units sold in 2022.

E-commercial vehicles sales rose 114.16% year-on-year to 5,673 units in 2023 compared to 2,649 vehicles in the preceding year.

Electric passenger vehicle sales grew 114.71% to 82,105 units last year against 38,240 vehicles in 2022, as per the FADA data.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

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