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					</table><p>Electric vehicle (EV) sales in India reached a record 1.95 million units in 2024, an over 27% growth year-over-year against the 1.53 million units <a href="https://www.mercomindia.com/electric-vehicle-sales-2023/" target="_blank" rel="noopener">sold</a> in 2023.</p>
<p>EVs accounted for 3.6% of overall automobile sales, according to data released by the <a href="https://morth.nic.in/" target="_blank" rel="noopener">Ministry of Road Transport and Highways</a> through its <a href="https://vahan.parivahan.gov.in/vahan4dashboard/vahan/dashboardview.xhtml" target="_blank" rel="noopener">Vahan Dashboard</a>.</p>
<p>The EV market consistently surpassed the 100,000-unit mark every month, with October registering the highest sales at 219,527 units, followed by March with 213,068 units and November with 192,681 units.</p>
<p>Uttar Pradesh had the highest number of EVs sold, with 368,718 vehicles, followed by Maharashtra with 241,930 and Karnataka with 178,867.</p>
<p>India now has over 5.39 million registered EVs.</p>
<p><strong>Electric two-wheelers</strong></p>
<p>Electric two-wheelers accounted for nearly 59% (1.15 million) of total EVs sold in 2024. <a href="https://www.olaelectric.com/experience-centre-visit-registration?utm_source=google&amp;utm_medium=cpc_search&amp;utm_campaign=Brand-Top-cities-ola-test-ride&amp;gad_source=1&amp;gclid=Cj0KCQiAhc-sBhCEARIsAOVwHuTgMIs6kH_Xjc13dhtee2m14FCz6So6bcbJr8rE2hvqoVe4DSopMLQaApFjEALw_wcB" target="_blank" rel="noopener">Ola Electric</a> once again led the segment with the highest sales at 407,553 units, followed by <a href="https://www.tvsmotor.com/" target="_blank" rel="noopener">TVS Motor Company</a> (220,512), <a href="https://www.bajajauto.com/" target="_blank" rel="noopener">Bajaj Auto</a> (193,460), <a href="https://www.atherenergy.com/" target="_blank" rel="noopener">Ather Energy</a> (126,173), and <a href="https://www.heromotocorp.com/en-in.html" target="_blank" rel="noopener">Hero Motocorp</a> (43,696).</p>
<p><strong>Electric three-wheelers</strong></p>
<p>Electric three-wheelers constituted 35% (691,302) of all EVs sold in 2024. <a href="https://mahindralastmilemobility.com/" target="_blank" rel="noopener">Mahindra Last Mile Mobility</a> sold 66,509 units, the most in this category, followed by <a href="https://www.ycevehicles.com/" target="_blank" rel="noopener">YC Electric Vehicle </a> (43,977), <a href="https://www.bajajauto.com/" target="_blank" rel="noopener">Bajaj Auto</a> (41,915), <a href="https://www.saeraauto.com/" target="_blank" rel="noopener">Saera Electric Auto</a> (28,293), and <a href="https://www.citylifeev.com/" target="_blank" rel="noopener">Dilli Electric Auto</a> (25,043).</p>
<p><strong>Electric four-wheelers</strong></p>
<p>Electric four-wheelers represented 5% of the total sales at 89,765 units in 2024. <a href="https://www.tatamotors.com/" target="_blank" rel="noopener">Tata Motors</a> led the segment again, selling 54,875 units, followed by <a href="https://www.mgmotor.co.in/" target="_blank" rel="noopener">MG Motors</a> selling 20,498 units. Other significant electric four-wheeler companies in the market include <a href="https://www.mahindra.com/our-business/automotive" target="_blank" rel="noopener">Mahindra</a> (6,583), <a href="https://bydautoindia.com/" target="_blank" rel="noopener">BYD</a> (2,661), and <a href="https://www.bmw.com/en/index.html" target="_blank" rel="noopener">BMW</a> (1,169).</p>
<p>The Union Cabinet <a href="https://mercomindia.com/cabinet-pm-edrive-program" target="_blank" rel="noopener">approved</a> the ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Program’ in September 2024. The PM E-DRIVE Program, with a total outlay of ₹109 billion (~$1.29 billion), focuses on providing demand incentives, deploying EVs, and developing charging infrastructure to support wider EV adoption.</p>
<p>The program allocates ₹36.79 billion ($438.1 million) in subsidies to promote electric two-wheelers (e-2Ws), three-wheelers (e-3Ws), e-ambulances, e-trucks, and e-buses. Specifically, it aims to support the deployment of 2.479 million e-2Ws, 316,000 e-3Ws, and 14,028 e-buses.</p>
<p>In March 2024, the Ministry of Heavy Industries <a href="https://www.mercomindia.com/government-5-billion-program-electric-mobility" target="_blank" rel="noopener">launched</a> the Electric Mobility Promotion Program 2024 with a funding of ₹5 billion (~$60.34 million). The program was scheduled from April 1, 2024, to July 31, 2024, targeting electric two-wheelers and three-wheelers, including e-rickshaws, e-carts, and L5 category vehicles. The program plans to support 372,215 EVs, which include 333,387 e-2Ws and 38,828 EV e-3Ws.</p>


Electric Vehicle Sales Clock 27% Yearly Growth in 2024, Reach 1.9 Million Units


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					</table><p>Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year (YoY) against the 347,676 units <a href="https://www.mercomindia.com/electric-vehicle-sales-q1-2023" target="_blank" rel="noopener">sold </a>in the same period of 2023.</p>
<p>The EV market consistently exceeded the 100,000-unit threshold each month during the quarter, and March witnessed the highest-ever monthly sales figure of 204,337 units.</p>
<p>EVs account for 7.9% of overall automobile sales, which totaled 6,157,070 units in Q1 2024, according to data released by the <a href="https://morth.nic.in/" target="_blank" rel="noopener">Ministry of Road Transport and Highways</a> through its <a href="https://vahan.parivahan.gov.in/vahan4dashboard/vahan/dashboardview.xhtml" target="_blank" rel="noopener">Vahan Dashboard</a>. The numbers do not include data for Telangana and Lakshadweep.</p>
<p>India now has over 3.95 million registered EVs.</p>
<p><strong>Electric two-wheelers</strong></p>
<p>Electric two-wheelers accounted for nearly 62% (301,010) of total EVs sold in Q1 2024.</p>
<p><a href="https://www.olaelectric.com/" target="_blank" rel="noopener">Ola</a> once again led the segment with the highest sales at  116,810, followed by <a href="https://www.tvsmotor.com/" target="_blank" rel="noopener">TVS</a>  (56,412), <a href="https://www.bajajauto.com/" target="_blank" rel="noopener">Bajaj Auto</a> (40,530), <a href="https://www.atherenergy.com/" target="_blank" rel="noopener">Ather</a> (35,627), and <a href="https://greaveselectricmobility.com/" target="_blank" rel="noopener">Greaves Electric</a> (7,852).</p>
<p><strong>Electric three-wheelers</strong></p>
<p>Electric three-wheelers constituted 33% (164,696) of all EVs sold in Q1 2024.</p>
<p><a href="https://mahindralastmilemobility.com/" target="_blank" rel="noopener">Mahindra Last Mile Mobility</a> emerged as the leader in this category, achieving the highest sales with 16,136 units sold, followed by <a href="https://www.ycevehicles.com/" target="_blank" rel="noopener">YC Electric</a> (10,052), <a href="https://piaggio-cv.co.in/" target="_blank" rel="noopener">Piaggio Vehicles</a> (7,424), <a href="https://www.saeraauto.com/" target="_blank" rel="noopener">Saera Electric Auto</a> (6,640), and <a href="https://www.bajajauto.com/three-wheelers/ev-re" target="_blank" rel="noopener">Bajaj Auto</a> (6,312).</p>
<p><strong>Electric four-wheelers</strong></p>
<p>Electric four-wheelers represented 4% of the total sales at 20,963 units in Q1 2024.</p>
<p><a href="https://www.tatamotors.com/" target="_blank" rel="noopener">Tata Motors</a> was once again the most preferred electric four-wheeler automobile maker, with 14,075 units sold. <a href="https://www.mgmotor.co.in/" target="_blank" rel="noopener">MG Motor</a> (3,215), <a href="https://www.mahindra.com/our-business/automotive" target="_blank" rel="noopener">Mahindra &amp; Mahindra</a> (1,982), <a href="https://www.hyundai.com/in/en" target="_blank" rel="noopener">Hyundai</a> (436), and <a href="https://bydautoindia.com/" target="_blank" rel="noopener">BYD India</a> (350) were the other major players.</p>
<p>Phase II of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) program ended on March 31, 2024.</p>
<p>Earlier this year, the Parliamentary Standing Committee on Industry <a href="https://www.mercomindia.com/parliament-panel-extension-fame-program-2027" target="_blank" rel="noopener">recommended</a> that the government extend Phase II of the FAME program for at least three years beyond March 31, 2024, to make EVs a norm in the Indian automobile market.</p>
<p>In March, the Ministry of Heavy Industries <a href="https://www.mercomindia.com/government-5-billion-program-electric-mobility/" target="_blank" rel="noopener">launched</a> the Electric Mobility Promotion Program 2024 with a funding of ₹5 billion (~$60.34 million). The program is scheduled from April 1, 2024, to  July 31, 2024, and targets electric two-wheelers and three-wheelers, including e-rickshaws, e-carts, and L5 category vehicles.</p>


EV Sales Sustain Growth Momentum, Up 40% YoY in Q1 2024

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