New Delhi, Sep 8: India’s electric vehicle market continued to gain momentum in August, with retail sales rising 52.9 per cent year-on-year to 2,98,448 units, according to the Federation of Automobile Dealers Associations (FADA). The figure marks the strongest August performance for EVs so far.
EVs accounted for 12.3 per cent of total vehicle retail sales during the month, up from 9.5 per cent in August last year. The rise shows that electric mobility is gradually becoming a more common choice among Indian consumers.
Electric two-wheelers remained a key driver of the growth, while electric three-wheelers continued to see strong demand in the commercial and last-mile mobility segments. The increasing availability of models, improving charging facilities and growing awareness of lower running costs are helping more buyers consider EVs.
The broader automobile market is also seeing a shift towards alternative powertrains. In August, CNG, hybrid and electric passenger vehicles together accounted for 41.95 per cent of passenger vehicle sales, moving ahead of petrol and ethanol-powered vehicles at 40.85 per cent.
The strong EV performance is significant for the wider auto industry as manufacturers, battery companies, component suppliers and charging operators prepare for rising demand. It also signals that electric vehicles are steadily moving beyond being a niche segment and becoming an important part of India’s mobility market.
With the festive season approaching, sustained consumer demand could provide another boost to EV sales in the coming months. At the same time, expanding charging infrastructure and improving affordability will remain important for maintaining the pace of adoption.