May 03, 2021

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Electric vehicles sales report FY2020-21

Electric vehicles sales report

Electric vehicles sales report FY2020-21

Electric vehicles in India have now come to a certain stage where almost half of the population in India knows about it. The Indian market has now witnessed some decent growth in the EV industry in FY20-21. It has recorded the sales of 236,802 electric vehicles which includes the sales of electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W). It is decreased by around 20% to 2,36,802 when compared to 2,95,683 units in FY 2019-20. Let us now discuss completely about the Electric vehicles sales report by SMEV. 

FY 2019-20 FY 2020-21
2,95,683 236,802

Electric vehicles sales report FY2020-21

Society of Manufacturers of Electric Vehicles (SMEV) sales report 

The Society of Manufacturers of Electric Vehicles (SMEV) has released an Indian electric vehicle industry sales report for the financial year 2021. According to SMEV, the sales of electric two-wheelers was recorded at 143,837 units which include 40,836 high speed and 103,000 low-speed electric two-wheelers. The electric two-wheelers sales are decreased by 6% in FY21 when compared to the sales recorded in FY20 with 1,52,000 units.

The electric three-wheelers have recorded sales of 88,378 whereas 140,683 units were recorded in FY20. This is a 37.17 per cent sales decline. However, there is an increase in the number of sales in electric four-wheelers from 3,000 units in FY2019-2020 to 4,588 units in FY2020-21, which is a 52.93 per cent growth. 

Here is the sales report for the year 2021 & 2020

Vehicle Segment
Sales FY 2021
Sales
FY 2020
Electric two-wheelers
143,837
1,52,000
Electric three-wheelers
88,378
140,683
Electric four-wheelers
4,588
3000

The SMEV Director General Sohinder Gill said that “We were anticipating a good growth before the start of FY 21, but sales remained stagnant due to various reasons. The sales in the electric three-wheeler and two-wheeler segment stood low as compared to last year. A good thing has happened that people started moving towards advanced batteries i.e. lithium. The city speed and high-speed category in the two-wheeler segment have witnessed growth. However, a lot more needs to be done to achieve the target under the FAME II scheme. Timely intervention by the government in a form of policy change is required to fuel the growth and achieve the target by the end of FY22.”

Also Read: Increase in demand for electric vehicles in India

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