Electric PV retail sales jump 81.2% YoY to 26,682 units in May; Tata, Mahindra, MG lead
FADA data shows India's electric passenger vehicle retail surged 81.2% YoY in May to 26,682 units, with Tata at 10,340 (+103.4%), Mahindra at 6,210 (+114.8%) and JSW MG at 4,984. Electric two-wheelers rose 62.76% to 1.7 lakh units, led by TVS (42,459), Bajaj (39,202) and Ather (28,240).
What happened
FADA reports India electric passenger vehicle retail sales jumped 81.2% YoY to 26,682 units in May, led by Tata Motors, Mahindra and JSW MG. Electric
Key facts
- 26,682 units
- 81.2%
- Tata 10,340 units +103.42%
- Mahindra 6,210 units +114.8%
- MG 4,984 units
- E2W 1,70,733 units +62.76%
- TVS 42,459
- Bajaj 39,202
- Ather 28,240
Why this matters
With electric 2W also up 62.8% led by TVS, Bajaj and Ather, the window is open for OEM-charging, battery-swap and dealer-network bolt-on M&A before share consolidates around the top three.