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Electric vehicle sales in India jump 240% in December 2021; Uttar Pradesh logs maximum monthly registration: Report
EV registrations in December 2021 were driven by electric two-wheelers and passenger-type electric three-wheelers, which together accounted for 90.3% of total registrations in the month.
The overall electric vehicle (EV) sales continue to grow in December 2021 as well, clocking 50,866 units, signifying a m-o-m increase of 21% and y-o-y jump of 240%. This is the first time that EV registrations have crossed the 50,000-mark in a month, as per a report by JMK Research & Analytics.
Among all the states and UTs, Uttar Pradesh continues to have maximum monthly registered EV sales with a 23% share in overall sales in India in December 2021, clocking over 10,000 units in EV sales making it the first state to witness so. Maharashtra has the 2nd highest sales at 13%, followed by Karnataka (9%), Rajasthan (8%), and Delhi (7%), and Tamil Nadu (7%).
The EV registrations in December 2021 were driven by electric two-wheelers and passenger-type electric three-wheelers, which together accounted for 90.3% of total registrations in the month. The shares of these categories are followed by e-cars (5%) and then cargo-type electric three-wheelers (4.3%).
High-Speed Electric Two-Wheeler
The overall High-Speed Electric Two-Wheeler (HS-E2W) sales in the country in December 2021 stood at 24,725 units, signifying a ~10% m-o-m jump and a y-o-y leap in registrations of 444%. The Top 10 players Okinawa Autotech, Hero Electric, Ather Energy, Ampere Vehicles, Pure EV, TVS Motors, Benling India, Bajaj Auto, Revolt Intellicorp, Jitendra New EV Tech, and Others accounted for 94% of the total registrations recorded in the month of December 2021. In addition, it is after a gap of ~7 months that sales of Okinawa have surpassed those of Hero Electric this month.
Source: Vahan Dashboard, JMK Research
Note: Sales figures represent EVs registered across 1,379 RTOs in 33 states/ UTs.
The cumulative sales of electric cars (e-cars) in December 2021 stood at 2,522 units, a m-o-m jump of 64% and a y-o-y surge of 410% in registrations. Tata Motors drove the e-car sales this month, accounting for 93% of the total registrations in December 2021.
The cumulative sales of electric buses (e-buses) in December 2021 stood at 221 units, with a m-o-m jump of 550%. This month’s sales were driven by PMI Electro which accounted for 47.1% share of the total e-bus sales in December 2021, followed by Olectra Greentech (26.7%), Ashok Leyland (13.1%), and JBM Auto (9.5%).
The sales of registered Electric three-Wheeler (E3Ws) - both passenger and cargo-type - in December 2021 stood at 23,373 units, signifying a 29.8% m-o-m increase. Passenger E3W sales increased by 30% m-o-m whereas the cargo E3W sales increased by 33% as from the previous month’s sales. The cumulative sales of top 7 electric 3-wheeler players across passenger and cargo segments in December 2021 accounted for 35.5% share of the entire E3W market. YC Electric Vehicle has the highest share of 9.8%, which is followed by Mahindra Electric Mobility (6.4%), Saera Electric Auto (4.6%), Champion Poly Plast (4.6%), Best Way Agencies (3.6%), Dilli Electric (3.6%), and Unique International (2.9%).
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