EV Market Shifts Gear: June Sees Soaring E-Car and Bus Sales Amid Two-Wheeler Slowdown – EQ
In Short : Electric vehicle sales in India showed a mixed trend in June. While electric car sales surged 90% year-on-year and electric buses soared by 292%, two- and three-wheeler segments witnessed a slight dip. The contrasting performance highlights growing institutional adoption and premium EV demand, even as retail segments face challenges like cost, charging infrastructure, and subsidy phaseouts.
In Detail : Electric vehicle sales in India for June presented a mixed picture across different segments. The electric car category saw an impressive 90% year-on-year growth, reflecting increasing consumer interest in personal electric mobility solutions. This sharp rise is driven by new model launches, better range, and growing awareness around sustainability.
Electric buses recorded a remarkable 292% increase compared to the same period last year. This surge is largely attributed to growing adoption by state transport undertakings and fleet operators. Government incentives and a push for cleaner public transport have played a significant role in driving this demand.
On the other hand, the two-wheeler and three-wheeler electric vehicle segments saw a marginal decline in June sales. Factors such as reduced subsidies under the revamped FAME scheme, high upfront costs, and range concerns in budget categories contributed to the dip in retail sales.
Despite the dip in smaller EVs, the overall trend indicates a shift in preference toward higher-value segments. Electric cars and buses, often supported by institutional buyers and government initiatives, have shown resilience and continue to expand their market presence. These segments are also benefitting from growing charging infrastructure and financing options.
Industry experts believe that the slowdown in two- and three-wheelers could be temporary, with demand expected to bounce back as the market adjusts to policy changes and new affordable models enter production. Many manufacturers are also investing in localized manufacturing to reduce costs and improve availability.
Overall, June’s EV sales data reveal a maturing market with clear growth in the premium and institutional segments, even as the mass-market categories navigate temporary headwinds. The long-term outlook remains positive, supported by policy frameworks, technology advancements, and increasing environmental consciousness.
