New Delhi [India], February 27: Global EV adoption is gaining unprecedented momentum. According to the IEA, over 17 million electric cars were sold globally in 2024, with projections for 2025 surpassing 20 million vehicles, representing more than one in four cars sold worldwide. India is als
Tata Motors reached a major milestone in India's automotive industry as its electric vehicle division, TATA.ev, surpassed 250,000 cumulative sales. According to an official release from Tata Motors, the company now holds a 66 per cent share of the total electric passenger vehicles sold in th
The contribution of electric passenger vehicles (EVs) crossed 4 per cent in May, compared to 2.6 per cent of the same period of 2024, the data by the Federation of Automobile Dealers Associations (FADA) revealed.
The industry, which was valued at USD 36.1 billion in H1 FY24, surged to USD 39.6 billion in H1 FY25. Several trends have emerged in the market, with consumers shifting towards larger and more powerful vehicles across all segments.
YTD EV penetration improved by 100 basis points (bps) year-over-year (YoY) to reach 7.6 per cent, with total EV registrations rising 26 per cent YoY to 1.1 million units.