Alt-fuel vehicles cross 40% of India's PV market for first time, led by record EV sales
FADA data shows alternative-fuel vehicles hit 40.35% of India's passenger vehicle retail, driven by record EVs (7.75% PV share, 31,823 units) and CNG (24.33%). Overall vehicle retail rose 22% YoY, with PV registrations up 28.63%, boosting Tata, Mahindra and Maruti.
FADA data shows alternative-fuel vehicles crossed 40% of India's passenger vehicle market for the first time, led by record EV sales from Tata, Mahindra and others. Overall vehicle retail sales rose 22% YoY in June.
Also reported by
- The Hindu BusinessLine — Same time