City
Epaper

Electric vehicle industry's FY19-20 YoY sales up 20%

By IANS | Updated: April 21, 2020 05:30 IST

India's electric vehicle industry's sales during 2019-20 grew by 20 per cent on a year-on-year basis. These sales include the off-take of electric two-wheelers, cars and buses.

Open in App

New Delhi, April 20 India's electric vehicle industry's sales during 2019-20 grew by 20 per cent on a year-on-year basis. These sales include the off-take of electric two-wheelers, cars and buses.

According to the Society of Manufacturers of Electric Vehicles, the EV industry sold 156,000 electric vehicles in FY2019-20 from an off-take of 130,000 units in FY2018-19.

"The EV industry sold 156,000 electric vehicles in FY19-20. Out of this, 152,000 were two-wheelers, 3,400 cars and 600 buses," the SMEV said in a statement.

"The corresponding sale for FY 18-19 was 126,000 two-wheelers, 3,600 cars and around 400 buses making a total of 130,000 units."

As per the statement, the YoY fiscal sales growth of 20 per cent has largely come from two-wheelers.

"This figure does not include E-Rickshaws which is still largely with the unorganised 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," it said.

( With inputs from IANS )

Tags: Society of manufacturers of electric vehiclesSmevindiaNew DelhiThe new delhi municipal council
Open in App

Related Stories

MumbaiViral Sighting of Tesla Cybertruck Near Mumbai Stirs EV Enthusiasm (Photos)

NationalPM Narendra Modi Discusses Tech and Innovation Collaboration With Elon Musk

NationalTahawwur Rana Extradition: Pakistan Distances Itself From 26/11 Accused After Arrival in India

NationalIndia Expands Rafale Power: Rs 64,000 Crore Deal Cleared for Navy Fighter Jets

NationalHeatwave in India: Maharashtra, Gujarat Experience Unbearable Night and Day Time Temperature, Bengaluru Likely to Witness Rain

Business Realted Stories

BusinessWhen is Zero Balance Account Useful

BusinessBGMI Announces New set of Redeem Codes for Players with Exclusive In-Game Rewards

BusinessChingari Goes Full Throttle with Launch of Live Car Racing Game, Clocking $5M ARR and Gearing Up for Global Expansion

BusinessIshaara Brings Authentic Chettinad Cuisine to Pune with a Special Pop-Up Menu

BusinessGanga Hospital Becomes Asia Pacific's First Global Training Hub for Orthopedic Surgeons in Trauma, Joint Replacement & Arthroscopy