EV sales in May 2023 grow 42% M-o-M to 1,57,217 units, ET EnergyWorld


<p>On a Y-o-Y basis, E-Car sales in May 2023 increased by more than 94% from that of E-Car sales in May 2022.</p>
On a Y-o-Y basis, E-Car sales in May 2023 increased by more than 94% from that of E-Car sales in May 2022.

New Delhi: The overall EV sales in May 2023 witnessed a M-o-M increase of 42 per cent. The total registered units during the month stood at 1,57,217 units.

On a Y-o-Y basis, EV sales in May 2023 increased by 135 per cent compared to the corresponding month last year.

EV registrations in May 2023 were again driven by electric two-wheelers (66.63 per cent) and electric three-wheeler passenger-type (25.08 per cent) and E-cars (4.08 per cent).

Among the states and UTs, Maharashtra (14.42 per cent) secured the number one position in EV registration this month, replacing Uttar Pradesh (14.06 per cent) to the second position. Karnataka attained third spot this month with (11.81 per cent) market share.

According to the Vahaan data, HS E2W sales in India surpassed the milestone of one lakh units in a single month for the first time. The overall HS E2W sales in India surged by 57 per cent M-o-M in May 2023 to 1,04,755 units.

Ola Electric recorded the highest ever sales in this month with 28,438 units sold. TVS moved to the second spot. Ather and Bajaj Auto secured third and fourth positions respectively. Battre Electric made an entry to the top 10 squad this month.

The sales of registered passenger and cargo-type E3Ws in May 2023 stood at 39,437 units and 5,173 units respectively. With a m-o-m increase of 17 per cent and 16 per cent respectively. Overall E3W sales recorded a m-o-m rise of 17 per cent over last month.

On a Y-o-Y basis, passenger E3W sales in May 2023 increased by 89 per cent and cargo E3W sales increased by more than 100 per cent from that of passenger and cargo-type E3W sales in May 2022.

The cumulative sales of the top 8 electric 3-wheeler players across passenger and cargo segments in May 2023 accounted for 40.95 per cent share of the entire E3W market. The top five players were Mahindra at first spot (9.97 per cent), YC Electric second with (7.99 per cent), followed by Dilli Electric (5.12 per cent), Saera Electric Auto (5.08 per cent) and Piaggio (4.07 per cent).

The total sales of e-cars in May 2023 stood at 7,392 units. A m-o-m rise of 27 per cent. Tata Motors has been driving the E-car sales with 78 per cent of the market share this month as well. Both Tata Motors and MG Motor have been witnessing an increase in sales this month. Hyundai India registered a staggering increase of 219 per cent compared to the previous month of April 2023.

On a Y-o-Y basis, E-Car sales in May 2023 increased by more than 94 per cent from that of E-Car sales in May 2022.

The total sales of e-buses in May 2023 stood at 274 units, witnessing a m-o-m increase of 226 per cent. On a Y-o-Y basis, E-Bus sales in May 2023 increased by 73 per cent from that of E-Bus sales in May 2022. Tata Motors is the leader in May 2023 with a 39.78 per cent market share, followed by JBM Auto (18.98 per cent), PMI Electro Mobility (17.52 per cent), Olectra Greentech (14.23 per cent), Mytrah Mobility (7.66 per cent).

Source: Vahaan

  • Published On Jun 8, 2023 at 02:14 PM IST

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