Electric car sales: Tata Motors leads with 2,426 EV sales in January 2023

Announcing the data for electric vehicle sales in India in January 2023 and the growth over last year, the Federation of Automobile Dealers Association (FADA) today released sales numbers for various EV makers in the passenger car segment. While the PV (passenger vehicle) market had 1.3 percent electric cars in India in December 2022, the number slipped to 0.6 percent in January 2022 but grew back to 1.0 percent last month.

In the list of top electric car makers in India, Tata Motors takes the lead with a 72.79 percent growth over January 2022, having sold 2,426 electric cars in January 2023. MG Motor follows having sold 425 EVs in January 2023, registering a 620.34 percent growth over last year. BYD India registered sales of 132 units in January 2023, compared to 10 units in January 2022.

In related news, the Economic Survey 2022-23 released recently underlined that India’s electric vehicle market is expected to grow to one crore units of annual sales by 2030. The survey tabled in Parliament on Tuesday said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms of sales.
“The automotive industry is expected to play a critical role in the transition towards green energy. The domestic electric vehicles market is expected to grow at a compound annual growth rate of 49% between 2022 and 2030 and is expected to hit one crore units of annual sales by 2030,” it said. As per industry estimates, the total EV sales in India stood at around 10 lakh units in 2022.