EV sales across categories see yearly rise in April, shows FADA data

Though the retail sales of electric two-wheelers, three-wheelers, passenger vehicles and commercial vehicles saw an increase in April compared to the same time last year, all categories saw a degrowth on a month-on-month (MoM) basis following uncertainties in the FAME subsidy.

According to data shared by the Federation of Automobile Dealers Associations (FADA), passenger vehicles saw 159 per cent increase year-on-year (YoY) from 2,252 units to 5,824 units when compared with April 2022, while on a monthly basis it came down by 32 per cent from 8,566 units in March. On a monthly basis, Tata Motors sales came down by 38 per cent and, despite the slowdown, Mahindra and Mahindra more than doubled its sales.