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HomeBusinessRetail Electric Vehicle Sales Jump 3-Fold In 2021-22: Automobile Federation

Retail Electric Vehicle Sales Jump 3-Fold In 2021-22: Automobile Federation

Retail gross sales of electrical autos have jumped 3-fold within the fiscal yr that ended on March 31, with gross sales hitting 4.29 lakh models in comparison with 1.35 lakh models within the prior fiscal (FY21), in keeping with the Federation of Automobile Dealers Associations (FADA) of India.

The FADA is the nationwide apex physique of the auto retail business in India engaged within the sale, service and spares of two- and three-wheelers, passenger vehicles, UVs, tractors and business autos, together with buses and vans.

If we now have a look at the information simply month-to-month, electrical 2-wheeler gross sales led the spike by witnessing a soar of 53 per cent, and the sale of electrical passenger autos has grown by 51 per cent in March, mentioned Vinkesh Gulati, President of FADA.

However, what has witnessed a decline was the sale of business electrical autos, which fell by 27 per cent, mentioned Mr Gulati.

The President of FADA advised NDTV that new launches within the 2-wheeler phase from legacy gamers are anticipated inside the subsequent couple of months, which may assist increase electrical car gross sales additional. 

However, he additionally talked about the supply of batteries stays a priority as demand exists. 

Still, firms can’t scale up manufacturing to satisfy demand primarily from Chinese corporations, added Mr Gulati. 

Speaking on the way forward for electrical autos within the nation, the Director-General of the Automotive Component Manufacturers Association of India advised NDTV that the electrical autos business would bear an evolutionary course of and issues would stabilise.

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