India’s Electric Vehicle Sales Trend | August 2022
Category-Wise Electric Vehicle Sales, August 2022
Total Registered Electric Vehicles Sales – August’22 – 87,038 | July’22 – 78,829
E-2W and E-3W (Cargo & Passenger) vehicles accounted for 82,440 of the total 87,038 electric vehicles sold in August 2022.
Category-Wise Sales Trend from August 2021 to August 2022
- In August 2022, 50,414 high speed e-2Ws were sold, compared to 14,911 units sold in August 2021. Sales of the Electric 3W Passenger Vehicle (L3+L5) reached 29,332 units, a 158 per cent increase over the same month last year.
- Sales of Electric 3W Cargo Vehicles increased from 1,519 units in August 2021 to 2,694 units in August 2022, while the sales of e-4W rose from 999 units to 4,336 units over the last year.
EV Penetration in 2W Sales from Aug-21 to Aug-22
In August 2022, electric vehicles made up 4.90% of the total 2Ws sold across India, up from 1.54% in August 2021.
High Speed E-2Ws Sales trend by OEM
Hero Electric sold the highest number of e-2Ws in August 2022 followed by Okinawa Autotech and Ampere Vehicles. Ather Energy registered a 307.91% M-o-M increase in sales of their electric scooter.
3-Wheeler Passenger Sales Trend by Fuel Type, Aug’21-Aug’22
In August 2022, 60% of the total 3W Passenger Vehicles sold were electric, up from 48% in the same month last year.
Electric-3W Passenger Sales Trend by OEM
For E-3W Passenger vehicles, the top 10 OEMs contributed only 42% of the total sales in August 2022. Both L3 and L5 Electric 3Wheelers are included in the analysis. Mahindra & Mahindra, YC Electric Vehicle and Saera Electric are the top 3 sellers of August 2022.
3-Wheeler Cargo Sales Trend by Fuel Type, Aug’21-Aug’22
For the goods 3W segment, the EV penetration rose from 22% in Aug 2021 to 36% in Aug 2022.
Electric-3W Cargo Sales Trend by OEM
For E-3W Cargo vehicles, the top 10 OEMs contributed 66% of the total sales in August 2022. Both L3 and L5 Electric 3Wheelers are included in the analysis. Mahindra & Mahindra, Piaggio Vehicles and E-Royce Motors are the top 3 sellers of August 2022.
E-4W Sales Trend by OEM, July – August 2022
Source: Vahan Dashboard. Data as per 1335 out of 1410 RTOs. The aim of these graphs is to represent an overall trend of the new EV registrations in India.
For electric-4Wheeler segment, TATA Motors remained the undisputed leader with 3,845 EV Sales and a market share of 88.68% in August 2022.
E-Bus Sales Trend by OEM, July – August 2022
Check out our latest edition – September Magazine 2022 for more insightful content.
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