Electric Vehicle Sales In 2023 Skyrocketed By 49.25% In India

Sales of electric vehicles in India witnessed an upward trend of 49.25 per cent on an annual basis in 2023 to 15,29,947 units. The Federation Of Automobile Dealers Association shared this information on January 9, Tuesday. As per the data shared by FADA, the EV industry had sold a total of 10,25,063 vehicles in 2022.

As per the data, the sale of Two-wheeler EV sales increased from 6,31,464 units in 2022 by 36.09 per cent to 8,59,376 units in 2023. Similarly, sales of three-wheeler electric vehicles surged from 3,52,710 units in 2022 to 5,82,793 units in 2023.

This is an increase of 65.23 per cent on an annual basis. E-commercial vehicle sales increased based on 114.16 per cent year-on-year from 2,649 vehicles in 2022 to 5,673 units in 2023. FADA data said that Electric passenger vehicle sales grew 114.71 per cent to 82,105 units last year against 38,240 in 2022.

Saietta Group plc (LON:SED) is a multi-national business which designs, engineers and manufactures complete Light Duty and Heavy Duty electric drive (eDrive) systems for electric vehicles on land from scooters to buses (vehicle categories L, M, N and T) as well as marine applications.

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