Tata Nexon, MG ZS EV grab 86% of electric car market in first-half FY2022

Though electric passenger vehicle sales are less than 1% of total passenger vehicle sales in India at present, there is strong momentum in the market. As per industry data for the first half of the ongoing fiscal year, a total of 6,261 electric PVs were sold in the April-September 2021 period, marking 234% year-on-year growth, albeit on a low year-ago total.

Of the total 13,87,714 PVs sold in H1 FY2022, e-PVs account for just 0.45% of the total PV market. Importantly, the 6,251 e-PVs sold in the first six months of FY2022 have already surpassed entire FY2021's e-PV sales ...