Registered EV sales drop 20% Y-o-Y in FY2021
Registered EV sales drop 20% Y-o-Y in FY2021 The sales trend of Electric Vehicles in India during the fiscal year 2020-21 (FY21) is a rather distinguished case. Across this period, the EV market pursued the trade from one extreme reality to another. The monthly (or even quarterly) sales which began as abysmally low (owing to covid-19 induced disruption) transformed into the highest-ever registered figures by fiscal-end. The registered EV sales during Q1 of FY2021 shrunk 73% Y-o-Y to 8,387 units…