India’s Electric Vehicle Sales Trend | September 2022

Category-Wise Electric Vehicle Sales, September 2022

Total Registered Electric Vehicles Sales – Sep ’22 – 92,383 | Aug ’22 – 87,147

Source: Vahan Dashboard. Data as per 1339 out of 1411 RTOs. Low speed e-2Ws not included.

E-2W and E-3W (Cargo & Passenger) vehicles accounted for 87,912 of the total 92,383 electric vehicles sold in September 2022.

Category-Wise Sales Trend from September 2021 to September 2022
Source: Vahan Dashboard. Data as per 1339 out of 1411 RTOs. Low speed e-2Ws not included.
  • In September 2022, 51,776 high speed e-2Ws were sold, compared to 16,672 units sold in September 2021. Sales of the Electric 3W Passenger Vehicle (L3+L5) reached 33,449 units, a 130.6 per cent increase over the same month last year.
  • Sales of Electric 3W Cargo Vehicles increased from 1,825 units in September 2021 to 2,687 units in September 2022, while the sales of e-4W rose from 1,250 units to 4,240 units over the last year.
EV Penetration in 2W Sales from Sep-21 to Sep-22
Source: Vahan Dashboard. Data as per 1335 out of 1410 RTOs. Note: Low speed Electric 2 Wheelers data is not included

In September 2022, electric vehicles made up 5.06% of the total 2Ws sold across India, up from 1.82% in September 2021.

High Speed E-2Ws Sales trend by OEM
Source: Vahan Dashboard. Data as per 1335 out of 1410 RTOs. Note: Low speed Electric 2 Wheelers data is not included

OLA Electric sold the highest number of e-2Ws in September 2022 followed by Okinawa Autotech and Hero Electric. OLA Electric registered a 180.32% M-o-M increase in sales of their electric scooter.

3-Wheeler Passenger Sales Trend by Fuel Type, Sep’21-Sep’22
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.

In September 2022, 60% of the total 3W Passenger Vehicles sold were electric, up from 49% in the same month last year.

Electric-3W Passenger Sales Trend by OEM
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 E-3W Passenger vehicles, the top 10 OEMs contributed only 42% of the total sales in September 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 September 2022.

3-Wheeler Cargo Sales Trend by Fuel Type, Sep’21-Sep’22
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 the goods 3W segment, the EV penetration rose from 24% in Sep 2021 to 35% in Sep 2022.

Electric-3W Cargo Sales Trend by OEM
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 E-3W Cargo vehicles, the top 10 OEMs contributed 55% of the total sales in Sep 2022. Both L3 and L5 Electric 3Wheelers are included in the analysis. Mahindra & Mahindra, Piaggio Vehicles and Omega Seiki are the top 3 sellers of Sep 2022.

E-4W Sales Trend by OEM, July – September 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 3,655 EV Sales and a market share of 86.20% in September 2022 but has seen a decrease of 4.94% as compared to the last month sales.

E-Bus Sales Trend by OEM, July – September 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.

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

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