EV market share in India doubles to 11.5%; October sales set new record

New Delhi: Electric vehicle (EV) sales in India touched a record high in October, with 3.55 lakh units sold during the month, according to data released by the Federation of Automobile Dealers Associations (FADA).

This is the highest-ever monthly EV sales recorded in October, pushing the segment's share of the Indian automobile market to 11.5 per cent, up from 6 per cent in the corresponding month last year.

Sales of alternative-fuel vehicles in the passenger segment, including compressed natural gas (CNG), hybrid and electric vehicles, have outpaced petrol vehicle sales for the third consecutive month. These vehicles together accounted for 41.83 per cent of total vehicle sales in October.

In comparison, petrol-powered vehicles accounted for 41.6 per cent of the market, while diesel vehicles had a share of just 16.57 per cent.