India auto retail hits record July as EVs take 12.7% and petrol share slips
Vehicle retails rose 25.89% year-on-year to 2.59 million units in July, led by two-wheelers. Total EV retails reached a record 327,901 units, while petrol passenger-vehicle share fell to 41.68% as diesel, CNG, hybrid and EV demand gained.
India’s vehicle retail sales hit a record July, led by two-wheelers and EVs. Petrol-car share declined amid E20 concerns, while diesel, CNG, hybrids and EVs gained traction; passenger-vehicle EV penetration held at 8% and total EV retail reached a monthly record.
Why this matters
FADA's record July follows its recent report of 25.9 lakh vehicle retails, up 25.9% YoY, and its finding that alternative-fuel PVs reached 40.6% share, narrowing petrol's lead to 1.1 points.
Retail-company is accelerating, with theme activity up 167,267% QoQ.