The Society of Manufacturers of Electric Vehicle (SMEV) has released the Indian electric vehicle sales report for Financial Year 20-21, which stood at 236,802 units, registering a decline of nearly 20% compared to 295,683 units sold during FY 19-20. The total sales include two-wheelers (E2W), three-wheelers (E3W) and four-wheelers (E4W).
The E2W segment sold 143,837 units in FY21, registering a decline of over 5% compared to 152,000 units sold in FY20. Note that the E2W segment is further broken down into two sub-segments: 40,836 high-speed and 103,000 low-speed vehicles in FY21. The E3W segment registered sales of 88,378 units as against 140,683 units sold in FY20, a decline of over 37%. However, the data doesn’t include E3Ws that are not registered with the transport authority. In the E4W segment, the industry witnessed registration of 4,588 units in FY21 compared to 3,000 units in FY20, a growth of nearly 53%.
We were anticipating a good growth before the start of FY21, but sales remained stagnant due to various reasons. The sales in the electric three-wheeler and two-wheeler segment stood low as compared to last year. The low-speed and high-speed categories in the two-wheeler segment have witnessed growth. However, a lot more needs to be done to achieve the target under the FAME II scheme. Timely intervention by the government in the form of policy change is required to fuel the growth and achieve the target by the end of FY22. – Sohinder Gill, Director-General, SMEV
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