Electric Vehicle Sales by Category May 2024 | India
Total registered electric vehicle sales – May 24 -1,39,738 I April 24 -1,15,596
In May 2024, electric vehicle (EV) sales in India saw a notable increase across most categories compared to April 2024. Electric two-wheeler (E2W) sales increased from 65,364 units to 76,848 units, E-rickshaw sales increased from 31,798 units to 39,476 units, E3W L5 passenger car sales surged from 4,274 units to 7,479 units. E-cart sales increased from 4,210 units to 5,531 units, and E3W L5 cargo car sales increased from 1,745 units to 2,243 units. Electric four-wheeler (E4W) sales declined slightly from 7,674 units to 7,571 units. Electric bus (E-bus) sales increased slightly from 211 units to 220 units, and the “other” category increased from 320 units to 370 units. Overall, May 2024 will show positive growth in the Indian EV market, reflecting the increasing acceptance and adoption of electric vehicles.
Sales trends by category – May 2023 to May 2024
16,66,172 EVs were sold in the last 12 months from June 2023 to May 2024.
Source: Vahan Dashboard. Data for 1360 of 1503 RTOs across 34 of 36 States/Union Territories.
From May 2023 to May 2024, Electric Vehicle (EV) sales in India have steadily increased, reaching a total of 1,666,172 units. The journey began with 158,459 units sold in May 2023. In June 2023, there was a slight dip to 102,641 units due to subsidy reductions, but sales recovered in July 2023 to 116,625 units. This upward trend continued with 127,192 units in August and 128,548 units in September. Sales further increased to 140,618 units in October 2023, 154,104 units in November and 141,904 units in December. This momentum continued in 2024 with 144,981 units recorded in January and 141,653 units in February. March 2024 marked an important milestone with 212,829 units sold, the highest figure for the past 12 months. In April 2024, sales fell slightly to 115,596 units, but recovered in May 2024 to 139,738 units, ending the period on a positive note compared to the previous month.
Fuel-efficient motorcycle sales trends, May 2023 – May 2024
The penetration rate of electric vehicles (EVs) in the two-wheeler (2W) category surged from 4% in April 2024 to 5% in May 2024.
Sales Trends of High-Speed E-2 Wheeler (by OEM)
Source: Vahan Dashboard. Data for 1360 of 1503 RTOs across 34 of 36 States/Union Territories.
Note: Data for low-speed electric two-wheelers is not included.
The top companies this month are OLA Electric, TVS Motors and Bajaj Auto. Greaves Electric Mobility and Ather Energy recorded significant declines compared to the previous year.
Fuel-efficient 3W passenger car L5 sales trends
E-3W Passenger Aircraft L5 Sales Trends by Manufacturer
Source: Vahan Dashboard. Data from 34 out of 36 States/Union Territories and 1,360 out of 1,503 RTOs.
The top three brands in terms of number of electric passenger vehicles 3W registered as of May 2024 are Mahindra Last Mile Mobility Ltd, Bajaj Auto and Piaggio Vehicles.
Sales trends of 3W products by fuel type L5
E-3W Goods L5 Sales Trends by OEM
Source: Vahan Dashboard. Data from 34 out of 36 States/Union Territories and 1,360 out of 1,503 RTOs.
In May 2024, electric three-wheeler sales were led by Mahindra Last Mile Mobility, Omega Seiki and Euler Motors.
Electric rickshaw sales trends by OEM
In May 2024, e-rickshaw sales were led by YC Electric, SAERA Electric and Dilli Electric.
E-Cart Sales Trends by OEM
Source: Vahan Dashboard. Data from 34 out of 36 States/Union Territories and 1,360 out of 1,503 RTOs.
In May 2024, e-cart sales were led by YC Electric Vehicle and Dilli Electric.
E-4W sales by OEM, May 2024
Others include Audi, Porsche and JLR.
Source: Vahan Dashboard. Data from 34 out of 36 States/Union Territories and 1,360 out of 1,503 RTOs.
Tata Motors is the clear leader with over 66% market share, followed by MG Motors and Mahindra & Mahindra.
Electric bus sales by OEM in May 2024
Source: Vahan Dashboard. Data from 34 out of 36 States/Union Territories and 1,360 out of 1,503 RTOs.
The top seller of electric buses in May 2024 was PMI Electro Mobility, followed by Tata Motors and JBM Auto.
For more details on EV sales trends in India (including Telangana data), see segment-wise, OEM-wise, city-wise and state-wise. Visit and subscribe to the EVreporter data portal here.
Read also: Electric Vehicle Sales Trends in India | April 2024
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