Electric Vehicle Sales Figures in India

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They need to improve their after-sales. There are more reports on different niggles and poor service experiences. Unless they improve their brand image there, it is difficult to convince and assure the people to buy a great product.
If we take a poll , whether an existing user will look into TATA again, high chances that it will be a NO.
 

350Z

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Sales numbers of Electric 2-Wheelers in India. Shared by Society Of Manufacturers Of Electric Vehicles (SMEV).

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Press Release:
2021 has been a defining year for the electric vehicle market, especially the electric two-wheeler (E2W) in India. The total sales of E2W, including high-speed (HS) and low-speed E2W, in the 12-month period (Jan-Dec) in 2021 increased by 132% over the corresponding year 2020. The industry registered sales of 233971 E2W as against 100736 units sold in 2020.

The high-speed E2Ws, which have speeds greater than 25km/hour and require a full license, registered a whopping 425% growth, while the low-speed E2Ws (less than 25km/hour, no license, no registration) grew only by 24%.

The low speed has had negative growth in the last 2 quarters of 2021. The market share of the low-speed segment used to be upwards of 70% in all the previous years, and that has dipped to less than 15% in the last quarter of Oct-Dec 2021. The low-speed E2Ws are not subsidized under the FAME 2 policy that incentives only high-speed bikes based on their battery capacity @ Rs.15000 kwh, which has made the entry-level high-speed e2ws cheaper than many of the low-speed ones.

Commenting on the performance of the industry, Mr Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV) said, “We haven’t seen better days than the last few months in the entire EV journey. In the last 15 years, we collectively sold around 1 million e2w, e-three wheelers, e-cars, and e-buses, and we will most likely sell the same 1 million units in just one year beginning January 22. The recent positive changes in EV policy through FAME 2 are a game-changer and a decisive move by the government to ensure a cleaner and greener transportation sector, reducing reliance on expensive and contaminated liquid fuel. Customers have now started shifting in large numbers from petrol two-wheelers to electric ones due to attractive prices, lower running costs, and lower maintenance. A significant percentage of customers also factor in the environment and sustainability in their decision to buy an electric two-wheeler. Going by the recent monthly trends, the next 12 months may see 5 to 6 times the growth over the previous 12 months.”

The E2W market is divided into 3 segments, low speed, city speed, and high speed. While the low-speed segment is waning away, the city speed segment (up to 50 km/hr) is gaining traction due to attractive pricing and lower replacement costs of batteries. Adoption in the high-speed segment, i.e., 70 km/hr, is low but may increase in the next few years as the battery prices come down.

Mr Gill explained the confusing nomenclature used for electric two-wheelers in India by saying, “Currently, all-electric two-wheelers sold in India are called electric bikes or e-bikes, but in fact, they are either electric motorcycles (around 2% of the market) or electric scooters (98%) that can comfortably seat two people and look like their petrol two-wheeler counterparts. There are no e-scooters like the ones seen in North America or Europe on which a rider can stand and go short distances. Electric cycle sales in India (popularly known as e-bikes globally) are also negligible and just beginning to happen. However, in the next 2 to 3 years, we will have products across all segments, ranging from e-scooters, e-motorcycles, and e-cycles from large and organized players. In four to five years, we can now confidently predict that around 30% of the two-wheeler market will be electric.

Both federal and state policies are acting as strong tailwinds to transform India’s mobility sector to electric and help achieve a reduction in atmospheric pollution as well as the ever-burgeoning crude oil import bill.
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December 2021 EV car sales India:

  • Tata motors had commanding presence in Electric segment with whopping 82% market share in Calender year 2021. In December Tata has been able to ship over 2200 EVs which is more than sales of ICE vehicles of few established OEMS in the country. Tata is definitely torch bearer for EV revolution in the country. They will only cement their position with impending launch of Higher range Nexon EV, the Altroz EV and Tiago EV. Recently we have seen renders of Sierra which will be Born EV and has still a very strong brand value which Tatas are hoping to cash on. In 2021 Tata averged close to 1000 EVs a month.

  • Month of December has been proved to a major month for Tata where they have breached the 2000 sales mark for the first time. Tigor EV, Nexon EV and Tigor XPress T all garnering good numbers. Unlike other OEMs, Tata have been able to manage the semiconductor shortage much better. Full marks to them here. Incidently EV contributes to over 6% of thier total sales. This bodes well for EV lovers.

  • Chinese MG is the next big EV player in India. but have consistently been loosing the market share to Tata and in 2021 the market share has come down to 16% from close to 27% with its only EV offering of ZSEV. The ZSEV is selling around average of around 200 units a month but they have a healthy backlog of over 4 months. Semiconductor shortage imparing the OEM to ramp up the production. MG also plans to introduce its Nexon rivalling MarvelR in coming months will only help it gain volumes for OEM.


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Read more at:
Electric vehicles sales in December 2021 -Statistics -Autohead.in
 
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Thread Starter #7
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EV car sales in Jan 2022.
Tata motors have established their dominance in EV with over 97% MArket share in the country. MG has been able to ship 56 ZSEV and seems to be loosing the game in the EV segment where Nexon and Tigor have caught the fancy, Confidence of India EV buyer. the car offer great performance with Decent range at a pretty attractive pricing have shown the results for the Indian OEM.
With close to 3000 EVs sold in the market the EV has now claimed just over 1% of over all market. This is first time that EV has claimed over 1% bodes well for the EV segment.


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350Z

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WardWizard electric two-wheeler manufacturer has sold 4,261 units in September 2022, compared to 2,500 units in September 2021 and 1,729 units in August 2022.

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350Z

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WardWizard registered sales of 1,255 units of electric two-wheelers in October 2022. From April 2022 - October 2022, the company sold 17,970 units, opposed to 10,190 during same period in 2021.

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India’s EV sales in FY2023 reaches 4,42,901 units; over 9X growth compared to FY2021

India has witnessed a massive surge in the sale of electric vehicles over the last two financial years. According to an IANS report, the industry sold 48,179 EVs in Financial Year 2020-21, which then went up nearly 5-fold in FY 2021-22 at 2,37,811 units. In comparison, just the year-to-date (YTD) sale of electric vehicles in FY 2022-23 (till December 9, 2022) stands at 4,42,901 units, witnessing over 9x growth as against FY2021. At the same time, compared to the previous fiscal year, EV sales in India grew by over 86 per cent.

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Hero Electric & Ather Sales Update:
  • Hero Electric recorded its highest-ever sales of over 1,00,000 units in the year 2022.
  • Ather Energy sold 9,187 units in December 2022, registering a 389% year-on-year growth.
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350Z

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WardWizard Sales Figures:
  • The makers of Joy e-Bike reported a sales increase of 131.6% in CY 2022 at 43,914 units compared to 18,963 units in CY 2021.
  • The company dispatched 5,400 units of electric two-wheelers in December 2022, clocking a 39.89% growth, as compared to 3,860 units dispatched in December 2021.
  • WardWizard sold 30,493 electric two-wheelers between April - December 2022, logging a growth of 75.8% as compared to April - December 2021, when the sales stood at 17,340 units.
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