What happened: July EV retail sales jumped and segment-wise shares rose
Electric vehicle retail sales in India increased sharply in July, rising about two-thirds year-on-year to 3,27,901 units according to Federation of Automobile Dealers Associations (FADA) data. The reported market outcome implies that nearly one in eight vehicles sold was electric.
The July rise was strongest in specific vehicle segments and reflected higher market shares across multiple categories.
Segment-wise performance in July (FADA retail sales)
The following segment details were reported from FADA retail sales for July:
Electric two-wheelers: Sales crossed 2,00,000 units for the first time, reaching 2,04,362 units (up 88% year-on-year). Market share increased to 11.2% from 7.7% a year earlier. TVS Motor led this segment.E-three-wheelers: Market share rose to 65.1% (from 60.3% a year earlier). Sales reached 87,055 units (up 25.3%). Mahindra Group led this segment.Electric commercial vehicles (e-CVs): Market share nearly tripled to 3.57% from 1.65%. Sales were 3,556 units (up 169%). Tata Motors led this segment.Passenger EVs: Market share increased to 7.9% from 5.1%. Sales were 32,928 units (up 83%). Tata Motors Passenger Vehicles led this segment.