ELECTRIC 2-WHEELER MARKET INDIA Executive Summary Torch bearer of EV revolution in India, the Electric two wheeler industry accounted for 55% of the total EV sales in FY2022 alone. Enter the E-mail ID to download the report
Accelerating Transport Electrification in India by 2030 Report by Climate Trends and JMK Research India, which overtook Germany to become the fourth largest automotive market in May 2022, is embracing the e-mobility revolution and taking concrete action to electrify its transport sector, particularly road. The flagship scheme Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) II has provided the much needed impetus to electric vehicle sales in the country. State governments, too, have made noteworthy progress in establishing…
E-Cars Market in India, October 2021 Executive Summary The adoption of Electric cars (E-Cars) globally has witnessed a surge, with sales in the first half of 2021 already surpassing the 2020 numbers. Similar trends can be observed in India too. However, this growth is not at the same scale as in other countries. For instance, while the share of Battery Electric vehicles (BEVs) in the total number of passenger vehicles sold in Europe was 5.4%, the same in India was…
Electric Two-wheeler sales: India Market Outlook, June 2021 FY2021 saw the electric two wheeler sales decline marginally by 5.4% from 152,000 units in FY2020 to 143,837 units in FY2021 due to the disruption caused by the COVID-19 pandemic. However, sales of High speed (HS) E2W (models with speed >25km/hr) witnessed an YoY increase of 47%. Established players such as Hero Electric and Okinawa commanded over 53% of the market share for HS E2Ws in FY2021. Budding players such as Ather,…
