Electric passenger vehicles (EVs) accounted for over 4% of total passenger car income in india in May 2025, marking a huge upward push from 2.6% inside the identical month 12 months ago, in step with today's retail sales facts released by the Federation of Vehicle Sellers Institutions (FADA). This marks a 0.5 percentage point growth over April's EV share of 3.5%, indicating a consistent upward trend in electric-powered vehicle adoption.
A total of 12,304 electric-powered vehicles had been offered in May also, compared to 8,029 devices 12 months in the past. Income in april stood at 12,233 units. "That is an important milestone in our industry's journey in the direction of electrification," said Saharsh Damani, CEO of FADA. "The increase is being pushed through higher battery era, progressed variety, and falling charges of EVs as compared to advanced models."
Tata, MG, and mahindra Dominate the EV Marketplace
Tata cars retained its lead within the EV space with 4,351 devices bought in May also. JSW MG Motor observed carefully with 3,765 gadgets, registering a 149% 12-month-on-year surge. mahindra & mahindra took 1/3 of the region with 2,632 devices bought. Collectively, those three groups accounted for over 87% of all electric car income last month.
Deliver Chain Dangers at the Horizon.
In spite of the momentum, FADA recommended that international supply chain demanding situations, mainly the ones related to rare-earth substances, may also hose down EV increase in the coming months. China, which controls the majority of world rare-earth magnet manufacturing utilized in EVs, has begun tightening export rules. "If the supply situation for uncommon earth materials doesn't improve, we should see production slowdowns that may impact retail sales in the near future," Damani warned.
Govt. Pushes for Global Investments in EVs
In a pass to further bolster EV adoption and neighborhood production, the authorities on monday notified new hints geared toward attracting overseas investment. Below the scheme, permitted candidates—together with worldwide players like Tesla—might be allowed to import electric-powered 4-wheelers with a minimal CIF fee of $35,000 at a discounted 15% customs responsibility for 5 years. To qualify, agencies should decide on a minimal investment of Rs 4,150 crore. The wide variety of EVs allowed beneath the decreased import duty might be capped at 8,000 units yearly, with unused quotas eligible for carryover. The coverage is designed to promote india as an international hub for electric automobile production and help the country's broader green mobility transition.
Disclaimer: This content has been sourced and edited from Indiaherald. While we have made adjustments for clarity and presentation, the unique content material belongs to its respective authors and internet site. We do not claim possession of the content material.
.jpg)
click and follow Indiaherald WhatsApp channel