Electric Vehicles are Taking Over India. 🚗⚡
Electric vehicles (EVs) are becoming very popular in India. Whether it’s two-wheelers, three-wheelers, or four-wheelers, more and more people are buying them. A recent report shows that by the end of Financial Year 2025, over 61 lakh electric vehicles have been sold in the country.
Sales Figures are Impressive. 📈
By March 31, 2025, the total sales of electric vehicles reached 61,65,964 units. This includes around 2 million EVs sold just in FY 2025. According to JMK Research’s ‘Annual India EV Report Card: FY 2025’, electric two-wheelers had the highest sales, making up more than 50% of total registered electric vehicles.
Leading Companies in the EV Market 🏆
Ola Electric, TVS Motors, and Bajaj are the top three companies in the two-wheeler segment, holding about 70% of the market share. The passenger electric three-wheeler segment is also doing well, with companies like Mahindra Last Mile Mobility and Bajaj Auto leading the way.
Electric Cars are Gaining Popularity Too. 🚙
Tata Motors is the biggest player in the electric car market, with a 53% market share. MG follows with a 28% share. The sale of electric cars has also increased by 11% in FY 2025.
Top States for EV Sales 🗺️
The top five states for electric vehicle sales until March 2025 are Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, and Bihar. Together, these states account for 50% of the EV market in India.
Electric vehicles are not just a trend; they are the future of transportation in India.
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