Federation of Automobile Dealers Associations (FADA) in its latest data has said that the overall retail sales of electric vehicles (EVs), including passenger vehicles, in the country surged nearly 185 per cent year-on-year to 1,11,971 units in October 2022. EV sales stood at 39,329 units in October 2021.

As per the data, the total passenger EV (PEVs) sales rose 178 per cent to 3,745 units in October 2022 as against 1,346 PEVs retailed in the same month a year ago. Electric commercial vehicle sales grew 125.64 per cent to 274 units.

It further stated that electric two-wheeler sales in October 2022 stood at 73,169 units as compared to 19,826 units in the same month of 2021, registering a year-on-year growth of 269.06 per cent. Electric three-wheeler sales jumped 92.87 per cent to 34,793 units as against 18,040 units in October 2021.

Source – Accord Fintech