11/04/2022 9:48:51 AM | Source: Accord Fintech
Electric vehicle retail sales surge over three-fold in FY22: FADA
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Automobile dealers' body Federation of Automobile Dealers Associations (FADA) has said electric vehicle retail sales in the country witnessed over a three-fold jump the last fiscal (FY22) with two-wheeler offtake leading the segment. Total electric vehicle (EV) retails reached 4,29,217 units in 2021-22, a rise of three-fold from 1,34,821 units in the financial year 2020-21. Total EV sales had stood at 1,68,300 units in 2019-20 fiscal.

It mentioned that electric passenger vehicle retail sales stood at 17,802 during the last fiscal, up over three-fold from 4,984 units in FY21. Electric two-wheeler retail sales last fiscal stood at 2,31,338 units, a jump of over five-fold from 41,046 units in 2020-21.

Moreover, it stated that total electric three-wheeler sales last fiscal stood at 1,77,874 units, registering an increase of two-fold over 88,391 units in the preceding fiscal. Similarly, it noted that electric commercial vehicle sales rose to 2,203 units last financial year as compared with 400 units in FY21.