Why are sales of electric, hybrid, and CNG vehicles increasing in India?

Sales are increasing due to favorable economics like lower running costs, growing awareness of air quality, and expanding charging and CNG supply infrastructure, alongside new model launches.

What percentage of the Indian passenger vehicle market did clean vehicles capture last fiscal year?

Clean vehicles, including electric, hybrid, and CNG-powered options, accounted for nearly a third of the Indian passenger vehicle market last fiscal year.

What is the projected market share for EVs in India by the end of the decade?

The industry projects that electric cars will increase their share in new car sales in India to 13-15% by the turn of the decade.

Home / Business and Economy / India's Green Mobility Boom: Clean Cars Surge Past Industry Average

India's Green Mobility Boom: Clean Cars Surge Past Industry Average

6 Apr

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Summary

Clean vehicle sales doubled industry average, capturing nearly a third of the market.
Approximately 1.34 million electric, hybrid, and CNG vehicles were sold last fiscal year.
Buyers are motivated by lower running costs, air quality, and improving infrastructure.

India's Green Mobility Boom: Clean Cars Surge Past Industry Average

Sales of electric, hybrid, and CNG-powered passenger vehicles in India have surged, growing at more than double the automobile industry average. These cleaner mobility options accounted for nearly a third of the market in the last fiscal year, with approximately 1.34 million units sold. This represents a significant 31% increase from the previous year, contrasting with the total passenger vehicle sales growth of 13%.