India’s Electric Vehicle Sales Trend | December 2022

Category-Wise Electric Vehicle Sales, December 2022

Total Registered Electric Vehicles Sales – Dec ’22 – 1,03,154 | Nov ’22 – 1,20,883

Source: Vahan Dashboard. Low speed e-2Ws not included.

E-2W and E-3W (Cargo & Passenger) vehicles accounted for 98,297 of the total 1,03,154 electric vehicles sold in December 2022.

Category-Wise Sales Trend from December 2021 to December 2022
Source: Vahan Dashboard. Low speed e-2Ws not included.
  • In December 2022, 64,348 high speed e-2Ws were sold, compared to 24,732 units sold in December 2021. Sales of the Electric 3W Passenger Vehicle (L3+L5) reached 30,348 units, a 43 per cent increase over the same month last year.
  • Sales of Electric 3W Cargo Vehicles increased from 2,162 units in December 2021 to 3,601 units in December 2022, while the sales of e-4W rose from 2,548 units to 4,681 units over the last year.
EV Penetration in 2W Sales from Dec-21 to Dec-22
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs
Note: Low speed Electric 2 Wheelers data is not included

In December 2022, electric vehicles made up 5.68% of the total 2Ws sold across India, up from 2.05% in December 2021.

High Speed E-2Ws Sales trend by OEM
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs
Note: Low speed Electric 2 Wheelers data is not included

OLA Electric sold the highest number of e-2Ws in December 2022 followed by TVS Motors and Hero Electric. OLA Electric registered a whopping 7100% Y-o-Y increase in sales of their electric scooter.

3-Wheeler Passenger Sales Trend by Fuel Type, Dec’21-Dec’22
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs. The aim of these graphs is to represent an overall trend of the new EV registrations in India.

In December 2022, 55% of the total 3W Passenger Vehicles sold were electric, down from 57% in the same month last year.

Electric-3W Passenger Sales Trend by OEM
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs. The aim of these graphs is to represent an overall trend of the new EV registrations in India.

Both L3 and L5 Electric 3-Wheelers are included in the analysis. Mahindra & Mahindra, YC Electric Vehicle and Saera Electric are the top 3 sellers of December 2022.

3-Wheeler Cargo Sales Trend by Fuel Type, Dec’21-Dec’22
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs. The aim of these graphs is to represent an overall trend of the new EV registrations in India.

For the goods 3W segment, the EV penetration rose from 27% in Dec 2021 to 40% in Dec 2022.

Electric-3W Cargo Sales Trend by OEM
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs. The aim of these graphs is to represent an overall trend of the new EV registrations in India.

Both L3 and L5 Electric 3Wheelers are included in the analysis. Omega Seiki, Mahindra & Mahindra and Piaggio Vehicles are the top 3 sellers of December 2022.

E-4W Sales Trend by OEM
Others include JLR, Porsche, Audi, etc. Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs.

For electric-4Wheeler segment, TATA Motors remained the undisputed leader with 3868 EV Sales and a market share of 82.6% in December 2022.

E-Bus Sales Trend by OEM
Source: Vahan Dashboard. Data as per 1341 out of 1428 RTOs across 34 out of 36 state/UTs.
EV sales in India from 2014 to 2022

Check out our latest edition – January Magazine 2022, for more insightful content.

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