Electric passenger automobile market share doubled in March 2023. According to the Federation of Automobile Dealers Association (FADA), the year-on-year (YoY) market share of electrical passenger automobiles has doubled to 2.6 p.c in March, in opposition to 1.3 p.c in March 2022.
FADA is the apex nationwide physique of the auto retail trade in India engaged in the sale, service and spares of two- or three-wheelers, passenger vehicles, utility automobiles, industrial automobiles and tractors.
According to FADA’s knowledge for electrical automobiles, retail gross sales of electrical passenger automobile (PV) in March 2023 has seen a YoY development of 130 p.c.
A complete of 8,566 electrical passenger automobiles have been offered in March 2023 as in opposition to 3,718 items offered a yr earlier. In phrases of month-on-month (MoM) gross sales, it has seen an 87.85 p.c development. During February this yr, a complete of 4,560 electrical passenger automobiles have been offered.
Tata Motors tops the sale chart by promoting 7,137 electrical passenger automobiles out of the overall of 8,566 items offered in March.
According to FADA, automobile retail knowledge have been collated as on April in collaboration with the Ministry of Road and Transport and have been gathered from 1,349 highway transport workplaces out of 1,435 RTOs.
Sales of electrical two-wheelers have seen a 57.71 p.c YoY development throughout March 2023. A complete of 85,793 electrical two-wheelers have been offered in March this yr, in opposition to 54,400 items offered in March 2022. The market share of electrical two-wheelers grew to five.9 p.c from 4.2 p.c in March 22.
Sales of electrical three-wheelers have seen an 82.21 p.c YoY development throughout March. A complete of 45,229 electrical three-wheelers have been offered in March this yr, in opposition to 24,823 unit offered in March 2022. The market share of electrical three-wheelers grew to 52.1 p.c from 48.2 p.c in March final yr.
Sales of electrical industrial automobiles have seen a 171.32 p.c YoY development throughout March 2023. A complete of 350 electrical industrial automobiles have been offered in March this yr, in opposition to 129 items offered in March final yr. The market share of business electrical automobiles grew to 0.38 p.c from 0.15 p.c in March final yr.
