May auto retail hits record 25.3 lakh units; EV 2W share jumps to 9.25% on fuel-price hike
FADA reports total vehicle retail up 9.55% YoY in May to 25,31,067 units, with PVs at 4.02 lakh (+23.25%) and 2Ws at 18.45 lakh (+7.54%). Electric two-wheeler share surged to 9.25% from 6.11% as dealers cite a spike in enquiries for fuel-efficient and green vehicles post fuel-price hike. 59% of dealers expect further growth.
What happened
FADA reports record May auto retail of 25.31 lakh units (+9.55% YoY) with electric two-wheeler share jumping to 9.25% from 6.11% as fuel-price hikes drove
Key facts
- 25,31,067 units
- 9.55% YoY
- EV 2W share 9.25% vs 6.11%
- PV 4,02,591 units +23.25%
- 2W 18,44,947 units +7.54%
- 3W 1,11,526 +3.56%
- CV 83,823 +5.29%
- 59.07% dealers expect growth
Why this matters
The EV 2W inflection post fuel-price hike opens a window to lock in charging, battery-swap, or financing partnerships before incumbent ICE 2W players defend share with discounting.
Also reported by
- BL · Consumer & Economy — Same time