India saw the sale of over one lakh electric vehicles (EVs) every month from October 2022 to March 2023, says the data shared by the Government. In October 2022, 117,252 EVs were sold. The next month, Indians bought as many as 121,389 EVs as against 104,783 in December 2022. EV sales touched a fresh high for a month in March 2023.
In the financial year 2023, as many as 11,71,203 EV units were sold in India, an increase of over 150% against the sale of 4,58,748 EVs in the financial year 2022. Record 1,30,430 EV units were sold in March 2023. In FY23, India bought as many as 11,70,916 EV units, crossing the million milestone for the first time in a fiscal year. This is a massive jump of over 150 percent as against the sale of 4,58,748 EV or battery-operated vehicles in the previous financial year, according to Vahan data. The maximum number of vehicles sold in the petrol category was 1,74,36,125.
In the EV segment, the vehicle category that contributed the most to the sales were two-wheelers and three-wheelers. Two-wheelers, the most affordable EV sub-segment, saw 716,447 units being sold while as many as 397,429 units were sold in the electric three-wheeler segment.