The Economic Times

India EV sales jump 51% in August as robust demand drives electric car and 2W market growth

India's electric vehicle market witnessed an impressive 51% year-over-year growth in August. Despite this surge, a 12% sequential decline was recorded, attributed to festival-related office holidays. Electric two-wheelers experienced a remarkable 69% annual increase, bolstered by prominent manufacturers such as Bajaj Auto and TVS Motor. Meanwhile, electric car registrations saw a 12% month-on-month decrease from July's record levels, yet industry leaders are optimistic about ongoing strong consumer interest.