India’s Electric Vehicle Sales Trend | September 2023

Category-wise Electric Vehicle sales, Sep 2023

Total Registered Electric Vehicle Sales – Sep’23 – 1,27,793 I Aug’23 – 1,26,947

In September 2023, a total of 1,27,793 electric vehicles were registered, slightly surpassing August’s 1,26,947 as per Vahan portal. Electric two-wheelers sales rose from 62,690 units in August to 63,746 units in September, followed by three-wheeler passengers in L3 and L5 categories at 46,686 and 5,651 respectively. Electric three-wheeler cargo had 3,037 (L3) and 2,070 (L5) registrations. Electric four-wheelers recorded 6,047 registrations, while electric buses saw 254, up from August’s 250.

Category wise-Sales Trend from Sep 2022 to Sep 2023

14,38,506 EVs sold in last 12 months from Oct 2022 to Sep 2023

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs

A total of 14,38,506 EVs were sold during the last 12 month period from October 2022 to September 2023. The sales figure for September 2022 started at 94,904 units and steadily increased month over month, reaching a peak of 158,388 units in May 2023. Despite a dip in June 2023 with 102516 units sold due to a decrease in subsidies, the sales gained again in July 2023, and afterwards.

Fuel wise 2-Wheeler Sales Trend

The sales percentage for EVs in the 2W category showed a slight decrease from 4.98% in August 2023 to 4.86% in September 2023. This followed an increase from 4.43% in July 2023.

High-Speed E-2Wheeler Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs Note: Low speed Electric 2 Wheelers data is not included

Top players for the month are Ola electric, TVS Motors, and Ather Energy. Okinawa Autotech and Hero Electric registered strong Y-o-Y decline.

Fuel-wise 3W Passenger L5 Sales Trend

E-3W Passenger L5 Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs.

The top 3 brands for September 2023 regarding the number of electric passenger 3Ws registered are Mahindra & Mahindra, Piaggio and Bajaj Auto.

Fuel wise 3W Cargo L5 Sales Trend

E-3W Cargo L5 Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs.

In September 2023, the electric three wheeler cargo sales were led by Mahindra & Mahindra and OMEGA Seiki and Altigreen Propulsion Labs.

E-3W Passenger (Low-speed) Sales Trend by OEM

In September 2023, the electric three wheeler passenger L3 (Low-speed) sales were led by YC Electric, SAERA Electric and Dilli Electric.

E-3W Cargo (Low-speed) Sales Trend by OEM

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs.

In September 2023, the electric three wheeler cargo L3 (Low-speed) sales were led by J.S. Auto(P) and DILLI Electric.

Manufacturer-wise Electric 4 Wheeler Sales performance

Others include JLR, Porsche, Volvo, etc.

Tata Motors is the clear leader, with over 68% of the market share, followed by MG Motors and Mahindra & Mahindra.

Manufacturer-wise Electric Bus Sales performance

Source: Vahan Dashboard. Data as per 1351 out of 1440 RTOs across 34 out of 36 state/UTs.

Tata Motors sold the most number of electric buses in Sep 2023, followed by PMI Electro Mobility and Olectra Greentech.

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

Also Read: India’s Electric Vehicle Sales Trend | August 2023