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India's EV Surge: October Sales Break Records
6 Nov
Summary
- October EV sales in India hit 354,625 units, a 45% annual increase.
- E-two-wheelers lead the charge with 224,064 units sold in October.
- Demand for EVs surpasses supply due to rising fuel prices.
Electric vehicle sales in India reached an all-time high in October, with 354,625 units sold, marking a significant 45% year-on-year increase. E-two-wheeler sales led this remarkable growth, accounting for 224,064 units, up 48.49% from the previous year.
E-passenger vehicle sales also saw a substantial rise of 76.47%, reaching 37,049 units. Electric three-wheelers grew by 24.76% to 88,570 units. The overall electric vehicle penetration in the market doubled to approximately 11.5% from about 6% a year ago.
Industry leaders note that demand for electric vehicles now consistently outpaces supply, a situation exacerbated by elevated fuel prices. Improved driving ranges and competitive pricing of EVs are strengthening consumer demand, making availability the main constraint. This broad shift towards cleaner mobility is seen as a structural positive for the Indian auto sector.
