Electric vehicle (EV) registrations in September 2024 saw a notable 23 per cent increase year on year, though the growth was only marginal on a month-to-month basis. In the first half of the current fiscal, EV volumes expanded 20 per cent compared with the same period last year.

The total EV registrations (including all segments) in September 2024 reached 1.59 lakh units, up from 1.29 lakh units in September 2023 and slightly higher than the 1.57 lakh units recorded in August 2024. , according to Vahan data. (as of 6.30 pm on Tuesday).

Electric two-wheeler sales in September 2024 were 0.90 lakh units, a jump from 0.64 lakh units in the same month last year and a slight increase from 0.89 lakh units sold in August 2024. The electric three-wheeler segment sold 0.63 lakh units in September 2024, compared with 0.58 lakh units in September 2023 and 0.61 lakh units in August 2024.

e2W sales

Ola Electric remained the segment leader in the electric two-wheeler market despite a dip in sales to 24,659 units this September from 27,587 units in August this year.

Bajaj Auto showed steady progress with registrations rising to 19,103 units in September (16,789 units). This growth pushed Bajaj to second place, ahead of TVS Motor, which recorded 18,084 units in September, up from 17,649 units in August.

Ather Energy experienced a boost in sales, with volumes climbing to 12,676 units in September (10,980 units), driven by new launches and business expansion. Meanwhile, Hero MotoCorp saw a decline in sales to 4,304 units (4,755 units), and Greaves Electric Mobility posted 2,775 units (2,821 units).

e3W sales

In the electric three-wheeler segment, Mahindra Last Mile Mobility maintained its leadership with 6,087 units sold in September (5,105 units). Bajaj Auto followed closely, registering 5,004 units in September (4,032 units).

YC Electric Vehicle saw a slight increase in sales to 3,826 units (3,793 units), while Piaggio’s volumes also increased to 1,683 units (1,560 units).

However, electric passenger vehicle (PV) sales, including cars and SUVs, dropped to 5,761 units (6,632 units).

For the first half of the current fiscal, total EV registrations across all segments rose to 8.93 lakh units compared with 7.45 lakh units in the same period last year.

Electric PV sales for the half-year period ending September were slightly higher at about 43,314 units compared with 42,724 units in the same period last year. The growth was driven by strong performance in Q1 this fiscal.

Electric PV sales grew to 22,969 units during Q1 FY25, as against 21,617 units in Q1 FY24. However, in Q2 FY25, electric PV sales were lower at 20,345 units compared with 21,107 units in Q2 FY24.

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