India’s electric vehicle sales trend

Category-wise Electric Vehicle sales, Sept 2024 | India

Total Registered Electric Vehicle Sales – Sept’24 – 1,59,513 I Aug’24 – 1,57,045

In September 2024, the two-wheeler (E2W) segment remained the largest, with sales increasing slightly from 88,928 units in August to 89,940 units in September. E-rickshaw sales saw a slight decline, from 44,337 units in August to 44,025 units in September. The E3W L5 Passenger category showed growth, rising from 10,229 units to 12,278 units. E-carts also experienced a small increase, reaching 4,569 units from 4,393 in August. The E3W L5 Cargo/Goods segment grew modestly from 1,789 units to 2,026 units. However, sales in the electric four-wheeler (E4W) category decreased from 6,693 units in August to 5,808 units in September. Electric bus (E-bus) sales saw an increase, from 243 units to 388 units, while sales in other EV categories rose from 433 units to 479 units.

Category wise-Sales Trend from Sept 2023 to Sept 2024

18,29,628 EVs sold in the last 12 months from Oct 2023 to Sept 2024.

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs.

Telangana Data not included. Low speed e-2W sales data not included.

During the 12-month period from October 2023 to September 2024, India electric vehicle (EV) sales reached a total of 1,829,628 units. Sales started at 128,556 units in September 2023 and grew steadily, peaking at 213,069 units in March 2024. After a dip to 115,889 units in April, sales rebounded, with July 2024 recording a significant rise to 180,082 units. By September 2024, sales reached 159,513 units.

Fuel wise 2-Wheeler Sales Trend, Sept 2023 – Sept 2024

The penetration percentage of electric vehicles (EVs) in the two-wheeler (2W) category surged from 6.2% in Aug 2024 to 6.7% in Sept 2024.

High Speed E-2Wheeler Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

Note: Low speed Electric 2 Wheelers data is not included

Top players for the month are OLA Electric, Bajaj Auto and TVS Motors. Greaves Electric registered a strong Y-o-Y decline.

Fuel-wise 3W Passenger L5 Sales Trend

E-3W Passenger L5 Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

The top 3 brands for September 2024 regarding the number of electric passenger 3Ws registered are Mahindra Last Mile Mobility Ltd, Bajaj Auto and Piaggio Vehicles.

Fuel wise 3W Goods L5 Sales Trend

E-3W Goods L5 Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

In September 2024, the electric three wheeler goods sales were led by Bajaj Auto, Mahindra Last Mile Mobility, and OMEGA Seiki.

E-rickshaw Sales Trend by OEM

In September 2024, the e-rickshaw sales were led by YC Electric, SAERA Electric and Dilli Electric.

E-cart Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

In September 2024, the e-cart sales were led by YC Electric Vehicle and Dilli Electric.

OEM wise E-4W Sales, Sept 2024

Others include Kia, Porsche, JLR etc.

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

Tata Motors remains the clear leader, with over 61% of the market share, followed by MG Motors and Mahindra & Mahindra.

OEM wise Electric Bus Sales, Sept 2024

Source: Vahan Dashboard. Data as per 1365 out of 1429 RTOs across 35 out of 36 state/UTs

Tata Motors sold the most electric buses in September 2024, followed by Olectra Greentech and PMI Electro Mobility.

For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

Also Read: India’s electric vehicle sales trend | August 2024