The overall electric vehicle (EV) sales in April 2023 declined 21% to 1,10,503 units from March 2023. However, the sales increased by 51% from that in April 2022.
EV registrations in April 2023 were driven by electric two-wheelers and passenger-type electric three-wheelers, which together accounted for 90.48% of total registrations in the month. The shares of these categories were followed by e-cars 5.26%, and cargo-type electric three-wheelers 4.01%.
Among the states and UTs, Uttar Pradesh secured the number one position in EV registration this month, pushing Maharashtra to the second position. Karnataka secured the third spot this month with 10% market share. This was followed by Gujarat and Tamil Nadu with 8% and 7% share respectively. Gujarat moved ahead and secured fourth position this month.
Ola Electric recorded the highest ever sales in April, 2023 with 21,845 units sold. Ampere moved to second place, replacing TVS Motors. TVS Motors and Ather secured third and fourth positions respectively. BGauss again made an entry to the top 10 squad this month.
The sales of registered passenger and cargo-type E3Ws in April 2023 stood at 33,572 units and 4,435 units respectively, signifying a M-o-M decrease of 15% and 30% respectively. Overall E3W sales recorded a M-o-M rise of 15% over last month.
On a Y-o-Y basis, passenger E3W sales in April 2023 increased by 80%. Cargo E3W sales increased by more than 90% from that of passenger and cargo-type E3W sales in April 2022.
The cumulative sales of the top 8 electric 3-wheeler players across passenger and cargo segments in April 2023 accounted for 37.52% share of the entire E3W market. Mahindra and YC Electric came in first with 9.26% share and second 7.47% share positions respectively. This was followed by Saera Electric Auto with 4.88%, Dilli Electric with 4.55%, Piaggio at 3.71%, Mini Metro with 2.73%, Champion Poly Plast (2.60%), and Unique International (2.32%).
The total sales of E-cars in April 2023 stood at 5,810 units, witnessing a M-o-M decrease of 31%. Tata Motors has been driving the E-car sales with 75% of the market share during this month. M&M secured second position with 8.6% of the market share, taking it ahead of MG motors. On a Y-o-Y basis, E-Car sales in April 2023 increased by more than 110% from that in April 2022.
The total sales of E-buses in April 2023 stood at 84 units, witnessing a M-o-M decrease of 3%. On a Y-o-Y basis, E-Bus sales in April 2023 decreased by 49 % compared to E-Bus sales in April 2022. Olectra Greentech is the leader in April 2023 with a 38% market share, followed by PMI Electro Mobility with 19%, Switch Mobility with 15%, JBM Auto with 15%, and Mytrah Mobility with 14%.
