Retail sales of electric passenger vehicles stagnated for the first time in a while in January. Sales of electric four-wheelers fell nearly 17 percent last month after months of consistent growth. India brought home 3,346 electric vehicles in January, compared to 3,739 in December, according to sales data released by the Federation of Indian Automobile Dealers Associations (FADA), the dealership’s peak body. Apart from electric four-wheelers, sales of electric three-wheelers also remained down, while the two-wheeler segment was flat.
In the electric four-wheeler segment, Tata Motors continues to dominate with a market share of just over 70%. Of the total electric vehicle deliveries last month, the automaker sold 2,426. Sales were down about 17% compared with the 2,926 units sold in the previous month. The Tata Nexon EV is the best-selling vehicle in this segment. The automaker also offers electric versions of the Tiago and Tigor.
Among other EV makers, sales of MG ZS EV also fell more than 12% to just 425 units from 486 units in December. BYD India, which recently launched the Atto3 as its first electric passenger car in the country, saw a 164% increase in sales with 132 units delivered. BMW sold 123 electric vehicles, including the iX and i4 models, while Hyundai sold 111 during the same period.
Sales of electric scooters and bicycles remained stable in January compared to the electric vehicle segment. 64,363 electric two-wheelers were delivered last month, up slightly from 64,348 the previous month. Ola Electric was the top EV maker in the segment with around 18,000 sales, while Ather Energy posted near five-figure sales with more than 9,000 deliveries.
Sales of the electric three-wheeler segment fell slightly to 32,911 units from 33,949 units in December.
First published date: Feb 8, 2023 at 14:28 PM CST