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Type
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News
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Creator
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Swaraj Baggonkar
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Date
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16.04.2025
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Description
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Electric vehicle (EV) registrations in India touched 1.97 million units in FY25, driven primarily by strong growth in the two-wheeler and three-wheeler segments, according to data shared by the Society of Indian Automobile Manufacturers (SIAM). This marks a 17% increase over FY24.
The adoption of electric powertrains was most prominent among two-wheelers, which continued to lead the EV transition within the automotive sector. Registrations of electric two-wheelers (e-2Ws) grew by 21% year-on-year to 1.15 million units in FY25. The segment’s share in the overall two-wheeler market crossed the 6% mark during 2024–25.
The e-2W segment also witnessed intensified competition during the year, with legacy players such as Bajaj Auto, TVS Motor Company and Hero MotoCorp.
Electric passenger vehicle (cars and SUVs) registrations crossed the 100,000 mark, registering a robust 18.2% year-on-year growth. The EV share in the overall passenger vehicle segment stood at nearly 3% for FY25.
Tata Motors retained its leadership position in this category, followed by JSW MG Motor India. Hyundai and Mahindra & Mahindra also expanded their presence with new EV launches during the year. Other automakers—including Maruti Suzuki, Honda, Toyota, Renault, Volkswagen, Skoda, and Nissan—are expected to enter the segment in the near future.
Electric three-wheeler registrations rose 11% year-on-year to nearly 700,000 units in FY25. EVs now account for over 57% of total three-wheeler registrations, underscoring the segment’s rapid electrification.
“Recent policy interventions of Government of India including Electric Mobility Promotion Scheme (EMPS) followed by the PM EDRIVE and PM e-Sewa schemes, coupled with EV launches by several manufacturers has provided the necessary momentum for the adoption of electric vehicles,” SIAM stated.
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Language
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English
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Rights Holder
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financialexpress.com
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Source
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https://www.financialexpress.com/business/express-mobility-electric-vehicle-registrations-surge-17-to-nearly-2-million-3810716/
