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regular-article-logo Monday, 20 May 2024

Sale of 50,000 electric vehicles in FY23

EV adoption in country increases from 0.4 per cent to 1.8 per cent this year

Anasuya Basu Calcutta Published 17.10.22, 01:55 AM
Representational image.

Representational image. File picture

The sale of electric vehicles (EV) in India is set to touch half a lakh units by the end of this financial year, according to Chinese EV conglomerate BYD.

EV adoption in the country increased from 0.4 per cent to1.8 per cent this year.

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In FY 2021-22, 22,000 EVs were sold in India. In this financial year, from April to September, 24,000 EVs have been sold, said Sanjay Gopalakrishnan, senior vice-president of electric passenger vehicles of BYD India in an interview with The Telegraph.

“The FY2022-23 will probably close with a sale of 50,000units, selling at the rate of 4,000 units per month.”

According to the Vahandashboard, EV sales —comprising two-wheelers,three-wheelers, four-wheelers and commercial vehicles —have touched 5,15,949 units inFY22-23. Electric motor car registrations touched 17,064units in FY22-23 to date, according to Vahan. At least 17,186 electric motor cars were registered in FY 2021-22.

Altigreen

Reliance Industries-backed electric commercial vehicle maker Altigreen is looking to raise up to Rs 1,000 crore next year to drive in new models, and expand operations in domestic and international markets, according to company founder and chief executive Amitabh Saran.

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