ELECTRIC VEHICLE SALES IN INDIA

Passenger vehicle wholesales in India increased by 3% to 3,37,757 units in June 2024, according to SIAM. Two-wheeler wholesales rose 21% to 16,14,154 units, while three-wheeler wholesales saw a 12% increase to 59,544 units compared to June 2023.

Bounce Infinity, previously Wicked Ride, will manufacture Zapp's i300 two-wheelers in Bhiwadi. With post-COVID-19 rebranding and $20 million funding from investors like Accel, Bounce shifted to scooter rentals. Targeting a 45% market share by 2030, ...

Sales of electric cars in June plunged 13.5% from the year earlier, having suffered a marginal drop in May, triggering fears that the Indian market may be following global trends. After last year's euphoria, domestic sales slumped to 20% growth in t...

Vidyut has launched an offline pre-owned EV platform in Delhi-NCR, Hyderabad, and Bengaluru, with plans to expand. An online marketplace is coming in six months. They handle the full process, reselling EVs from major brands. Their battery subscripti...

The Indian car industry is at a crossroads in its journey towards an all-electric future, with the possibility of a hybrid transition. Uttar Pradesh's move to waive registration fees on strong hybrid and plug-in vehicles has sparked a debate among a...

Tesla's dominance in the U.S. electric vehicle market slipped below 50% in Q2 as sales surged to a record. Tesla's market share dropped to 49.7% from 59.3% a year earlier, losing ground to GM, Ford, Hyundai, and Kia. Overall U.S. EV sales rose 11.3%...

The CareEdge Ratings report predicts the two-wheeler industry's volume growth in FY2025 to be 7-9 per cent, lower than the 9.8 per cent recorded in FY2024. Factors driving growth include increased Electric Vehicle sales, the Electric Mobility Promot...

Hyundai Motor dealers file lawsuit against the company in Chicago federal court, accusing them of inflating electric vehicle sales through deceptive practices. The lawsuit alleges that dealers were pressured to misuse inventory codes to boost sales ...

Chauhan, who has worked in Honda Cars India and Volvo Car India on earlier stints, will spearhead the overall electric passenger vehicle business of BYD India.

Mercedes-Benz reported a 9% growth in sales in India in the first half of 2024, reaching its highest ever half-yearly sales. The company's sales were 8,528 units in January-June 2023. The company plans to launch six new products in the second half o...

The comparison between FAME-II and EMPS subsidies is crucial, as highlighted by a report from the Federation of Automobile Dealers Associations, emphasizing the importance of stable subsidy regimes for the EV industry's growth.

Lucknow, Thiruvananthapuram, and Gurugram shine in electric car sales growth. Tier 2 cities emerge as pivotal for electric two-wheeler market. Financial support crucial for tier 3 cities' EV growth. Bengaluru and Jaipur lead in EV adoption. Wealthie...

Tata Motors experiences sales decline in passenger vehicles, including EVs, in June. Despite challenges, the company foresees a recovery in demand, especially with the upcoming festive season. Tata Motors stands ready to capitalize on growth opportu...

Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom ...

Tata Motors reported an 8% decline in total domestic wholesales to 74,147 units in June, with passenger vehicle sales at 43,624 units. The company anticipates a demand recovery with a strong enquiry pipeline and the upcoming festive season in August...

Smaller component makers for electric vehicles (EVs), many of which started with other businesses before pivoting to their current business mainstays, are increasingly attracting interest from venture capital firms amid a boom in EV sales. The boom ...

Passenger vehicle sales are expected to grow moderately at 3-5% in the current financial year due to a high-base effect of FY24, shrinking order book, and subdued demand for entry-level variants. Electric car sales in the PV segment may reach 1.30-1...

The 2nd car. The small car for the city. The wife's car. The college kid’s car. The urban machine - affordable, efficient, compact, cheerful. And that’s something the small EVs can be really good at. Yet, how many EV brands are launching cars that f...

MG Motor India's wholesale figures for May showed a 5% decline at 4,769 units compared to the same period last year when it dispatched 5,006 units. The company highlighted positive interest in its electric vehicles (EVs), which accounted for 36% of ...