Electric vehicle sales up 20% in FY20

Date posted: Thursday 7 May 2020

Electric vehicle sales in the country increased by 20% to 156,000 units in the last financial year. According to data available with industry body Society of Manufacturers of Electric Vehicles (SMEV), this includes 152,000 two-wheelers, 3400 cars and 600 buses. The corresponding sale for the FY 18-19 was 126,000 two-wheelers, 3600 cars and around 400 buses making a total of 130,000 units. This growth of 20% has largely come from two-wheelers. This figure does not include E Rickshaws which is still largely with the unorganized sector with a reported sale of around 90,000 units. The corresponding figures of the E-ricks sold in the previous year have not been documented. Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles said, “The EV industry is taking shape and we believe that despite the COVID 19, the FY 20-21 will be a defining year for all the EV segments. While the EV industry is surely going to face the brunt of Covid19 like any other automotive business, the clearer skies and the cleaner air in even the worst polluting cities is certainly leaving a permanent impression in the minds of the customers about how they can breathe e ..

(Economic Times)

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