At 157,338 units, May 2023 is the eighth month in a row that EV sales have charged past the 100,000-unit mark; sharp rise in e-two-wheeler sales due to buying ahead of June 1 price rise caused by slashed FAME subsidy; M&M maintains 9% share in three-wheelers; Tata Motors also leads in buses and goods vehicles.
The fifth month of calendar year 2023 has turned out to quite a news-making one when it comes to scaling new highs in the electric vehicle segment in India. For starters, cumulative sales of all EV segments – two- and three-wheelers, passenger vehicles, buses and light and heavy goods vehicles – have gone past the 150,000-unit mark for the first time. And May 2023 is the eighth consecutive month that EV sales have crossed the 100,000 mark, as per retail data gleaned from the Vahan website.
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.
