Don't get over-excited about electric cars, Indian market is still at nascent stage

Last Updated: Friday, 19 Apr 2024

Don't get over-excited about electric cars, Indian market is still at nascent stage

The electric car market is moving forward at a snail's pace in India, still at a nascent stage, with the zero tailpipe emission models accounting for just over 2% of the total passenger vehicles (PVs) sold in the country in FY24.

According to recent data from the industry body, Federation Of Automobile Dealers Associations (FADA), PV sales increased 8.45% year-on-year (y-o-y) at 3,948,143 units in FY24 from 3,640,399 units in FY23.

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Don't get over-excited about electric cars, Indian market is still at nascent stage

The electric car market is moving forward at a snail's pace in India, still at a nascent stage, with the zero tailpipe emission models accounting for just over 2% of the total passenger vehicles (PVs) sold in the country in FY24.

According to recent data from the industry body, Federation Of Automobile Dealers Associations (FADA), PV sales increased 8.45% year-on-year (y-o-y) at 3,948,143 units in FY24 from 3,640,399 units in FY23.

Friday, 19 Apr 2024