India’s Electric Vehicle sales trend | December 2024

Category-wise Electric Vehicle sales, Dec 2024 | India

Total Registered Electric Vehicle Sales – Dec’24 – 1,42,282 I Nov’24 – 1,92,681

Source: Vahan data as of 2nd Jan 2025

In December 2024, sales of E2Ws declined significantly to 73,356 units from 119,671 units in November 2024. E-rickshaws saw a slight increase, reaching 40,841 units, while E3W L5 Passenger vehicles dropped from 15,357 to 10,634 units. E-carts experienced a small rise, from 5,426 to 5,826 units, and E3W L5 Cargo/Goods vehicles decreased slightly. E4Ws saw a marginal drop, from 9,006 to 8,781 units, while E-Buses grew slightly to 176 units.

Category wise-Sales Trend from Dec 2023 to Dec 2024

19,48,957 EVs sold in last 12 months from Jan 2024 to Dec 2024

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs.

Telangana Data not included. Low speed e-2W sales data not included.

Fuel wise 2-Wheeler Sales Trend, Dec 2023 – Dec 2024

Source: Vahan data as of 2nd Jan 2025

The penetration percentage of electric vehicles in the two-wheeler (2W) category increased from 4.6% in November 2024 to 6.2% in December 2024.

High Speed E-2Wheeler Sales Trend by OEM

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

Note: Low speed Electric 2 Wheelers data is not included

Top players for the month are Bajaj Auto, TVS Motors and OLA Electric.

Fuel-wise 3W Passenger L5 Sales Trend

Source: Vahan data as of 2nd Jan 2025

E-3W Passenger L5 Sales Trend by OEM

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

The top 3 brands for December 2024 regarding the number of electric passenger 3Ws registered are Mahindra Last Mile Mobility Ltd, Bajaj Auto and Piaggio Vehicles.

Fuel wise 3W Goods L5 Sales Trend

Source: Vahan data as of 2nd Jan 2025

E-3W Goods L5 Sales Trend by OEM

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

In December 2024, the electric three wheeler goods sales were led by Mahindra Last Mile Mobility, Bajaj Auto, and Omega Seiki.

E-rickshaw Sales Trend by OEM

Source: Vahan data as of 2nd Jan 2025

In December 2024, the e-rickshaw sales were led by YC Electric, SAERA Electric and Dilli Electric.

E-cart Sales Trend by OEM

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

In December 2024, the e-cart sales were led by YC Electric and Dilli Electric.

OEM wise E-4W Sales, Dec 2024

Others include Skoda, Porsche, JLR etc.

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

Tata Motors is the clear leader, with over 46% of the market share, followed by MG Motors and Mahindra & Mahindra.

OEM wise Electric Bus Sales, Dec 2024

Source: Vahan dashboard data as of 2nd Jan 2025. Data as per 1373 out of 1434 RTOs across 35 out of 36 state/UTs

Olectra Greentech sold the most electric buses in December 2024, followed by PMI Electro Mobility and Switch Mobility.

For deeper insights into India’s EV sales trends (including Telangana data) – Segment-wise, OEM-wise, city-wise, RTO-wise and state-wise – check out the EVreporter Data Portal here and subscribe.

Also Read: India’s electric vehicle sales trend | November 2024