Last week, auto dealers’ body FADA had said that electric vehicle retail sales zoomed over three-fold in FY22 to 4,29,217 units from 1,34,821 units in fiscal 2021 and from 1,68,300 units in FY20. Electric two-wheelers especially scooters contributed to a majority of the EV sales.
According to the Federation of Automobile Dealers Associations (FADA), electric passenger vehicle retail sales stood at 17,802 in FY22, up over three-fold from 4,984 units in FY21.
Home-grown auto major Tata Motors leads the segment with retails of 15,198 units and a market share of 85.37 per cent, up from 3,523 units in FY21, followed by MG Motor India selling 2,045 units and a market share of 11.49 per cent.
It had retailed 1,115 units in the FY21. Mahindra & Mahindra and Hyundai stood at third and fourth places with dispatches of 156 and 128 units respectively, both settling for a market share of less than 1 per cent.
EV two-wheeler retail sales stood at 2,31,338 units, a jump of over five-fold from 41,046 units in FY21
Hero Electric led the segment with 65,303 units, grabbing 28.23 per cent share, followed by Okinawa Autotech (46,447 units) and Ampere Vehicles with (24,648 units).
Hero MotoCorp-backed Ather Energy stood at fourth position by selling 19,971 units.
While Ola Electric was at the sixth position selling 14,371 units, TVS Motor sold 9,458 units taking the seventh position.