EV Sales 2024: 20,26,406 Units, Up 28% YoY
Every EV registered in India over CY 2024 — January 2024 to December 2024. The calendar year, January to December. Month-by-month volumes, the manufacturer leaderboard, which segments those EVs are in, and the same window in every earlier year on record.
EV sales month by month, CY 2024
India's electric-vehicle market registered 20,26,406 EVs in CY 2024. Volumes jumped 28.0% against the 15,82,840 logged over the same 12 months of CY 2023.
October was the strongest month of the period at 2,25,207 EVs and April the quietest at 1,18,578, an average of 1,68,867 a month. 11 of those 12 months grew on the same month a year earlier.
CY 2024 ran from January 2024 to December 2024 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of CY 2023.
EVs accounted for 7.4% of everything registered in India over the period, up from 6.3% in CY 2023. The whole market ran to 2,72,37,413 vehicles over the same window, up 9.1% year on year.
EV registrations by month — CY 2024 vs CY 2023
Vahan retail registrations, each month set against the same month a year earlier.
Every completed month of CY 2024, with the matching month of CY 2023 beside it.
| Month | CY 2024 units | CY 2023 units | YoY | Share of period |
|---|---|---|---|---|
| January 2024 | 1,50,355 | 1,06,690 | +40.9% | 7.4% |
| February 2024 | 1,48,862 | 1,10,940 | +34.2% | 7.3% |
| March 2024 | 2,23,441 | 1,44,855 | +54.3% | 11.0% |
| April 2024 | 1,18,578 | 1,15,633 | +2.5% | 5.9% |
| May 2024 | 1,45,608 | 1,65,186 | −11.9% | 7.2% |
| June 2024 | 1,46,246 | 1,05,465 | +38.7% | 7.2% |
| July 2024 | 1,89,398 | 1,20,279 | +57.5% | 9.3% |
| August 2024 | 1,62,285 | 1,31,084 | +23.8% | 8.0% |
| September 2024 | 1,66,797 | 1,32,110 | +26.3% | 8.2% |
| October 2024 | 2,25,207 | 1,44,056 | +56.3% | 11.1% |
| November 2024 | 2,01,181 | 1,58,841 | +26.7% | 9.9% |
| December 2024 | 1,48,448 | 1,47,701 | +0.5% | 7.3% |
Each month links through to its own full report.
Who is selling the EVs
Our Vahan data holds manufacturer volumes split by fuel only across a whole calendar year, so the EV leaderboard below covers full-year 2024 rather than CY 2024 alone. It is exact for that window.
Ola Electric holds 21.2% of battery-electric registrations over full-year 2024, ahead of Bajaj Auto.
Top EV manufacturers — full-year 2024
Battery-electric registrations only; hybrids are counted separately.
| # | Manufacturer | EV units | Share | vs full-year 2023 |
|---|---|---|---|---|
| 1 | Ola Electric | 4,29,191 | 21.18% | +3.64pp |
| 2 | Bajaj Auto | 2,44,816 | 12.08% | +7.04pp |
| 3 | TVS Motor | 2,37,671 | 11.73% | +0.54pp |
| 4 | Ather Energy | 1,36,514 | 6.74% | −0.33pp |
| 5 | Mahindra Last Mile | 67,471 | 3.33% | +2.59pp |
| 6 | Tata Motors (EV) | 64,165 | 3.17% | +0.62pp |
| 7 | Hero MotoCorp | 45,767 | 2.26% | +1.51pp |
| 8 | YC Electric | 43,968 | 2.17% | −0.41pp |
| 9 | Greaves Electric | 35,981 | 1.78% | +0.23pp |
| 10 | Saera Electric | 28,313 | 1.40% | −0.46pp |
| 11 | Dilli Electric | 25,051 | 1.24% | −0.35pp |
| 12 | MG Motor | 23,325 | 1.15% | +0.46pp |
| 13 | Piaggio | 22,136 | 1.09% | −0.28pp |
| 14 | BGauss | 19,417 | 0.96% | +0.20pp |
| 15 | Mini Metro EV | 14,758 | 0.73% | −0.28pp |
Which segments the EVs are in
The chart is period-exact: it is the battery-electric share of every vehicle registered in each month of CY 2024. The split by segment underneath comes from a calendar-year table — Vahan publishes class against fuel only across a whole year — so it covers full-year 2024.
EV share of the Indian market, month by month
EVs as a percentage of every vehicle registered that month.
Battery-electric volumes only; hybrids are counted separately.
| Segment | 2024 EV units | Share | vs full-year 2023 |
|---|---|---|---|
| Two-Wheelers | 12,14,768 | 59.95% | +2.97pp |
| Three-Wheelers | 6,94,971 | 34.30% | −2.72pp |
| Cars & UVs | 95,183 | 4.70% | −0.31pp |
| Taxis & Cabs | 9,960 | 0.49% | −0.13pp |
| Goods Carriers | 6,468 | 0.32% | +0.15pp |
| Buses | 4,080 | 0.20% | +0.03pp |
| Other | 956 | 0.05% | +0.01pp |
| Tractors | 20 | 0.00% | 0.00pp |
Fuel mix, CY 2024
Battery-electric vehicles were 7.4% of every registration in CY 2024, against 6.3% in CY 2023. That is 20,26,406 electric vehicles across all segments.
Fuel labels come straight from Vahan and the split below covers the whole market over January 2024 to December 2024 — petrol includes the E20 ethanol blend, which is now the single largest label in the database.
Registrations by fuel — CY 2024
Every vehicle registered in the period, by fuel.
Exact fuel volumes over January 2024 to December 2024.
| Fuel | CY 2024 units | Share | vs CY 2023 | Share move |
|---|---|---|---|---|
| Petrol | 2,07,08,798 | 76.03% | +7.7% | −0.99pp |
| Diesel | 27,52,536 | 10.11% | +2.5% | −0.65pp |
| Electric | 20,26,406 | 7.44% | +28.0% | +1.10pp |
| CNG / LPG | 13,16,664 | 4.83% | +24.7% | +0.60pp |
| Hybrid | 3,57,476 | 1.31% | +7.5% | −0.02pp |
| Other | 75,533 | 0.28% | −6.0% | −0.04pp |
EV sales, year by year
Across the 2 completed windows in our Vahan record, EV registrations went from 20,26,406 in CY 2024 to 23,56,971 in CY 2025, up 16.3% over the stretch.
CY 2026 is still running — 9 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
EV registrations by calendar year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| CY 2026 (to date) | 9 | 25,36,880 | +51.9% |
| CY 2025 | 12 | 23,56,971 | +16.3% |
| CY 2024 | 12 | 20,26,406 | +28.0% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Where the demand was
State-level volumes for a single segment come from a calendar-year table, so the figures below cover full-year 2024. Uttar Pradesh leads with 3,69,319 registrations, 18.2% of the segment.
| # | State | Units | Share |
|---|---|---|---|
| 1 | Uttar Pradesh | 3,69,319 | 18.2% |
| 2 | Maharashtra | 2,41,811 | 11.9% |
| 3 | Karnataka | 1,79,224 | 8.8% |
| 4 | Tamil Nadu | 1,31,461 | 6.5% |
| 5 | Bihar | 1,12,860 | 5.6% |
| 6 | Rajasthan | 1,09,392 | 5.4% |
| 7 | Madhya Pradesh | 1,00,487 | 5.0% |
| 8 | Kerala | 83,272 | 4.1% |
| 9 | Delhi | 80,390 | 4.0% |
| 10 | Gujarat | 75,760 | 3.7% |
| 11 | Telangana | 75,636 | 3.7% |
| 12 | Assam | 68,133 | 3.4% |
Frequently asked questions
How many EVs were sold in India in CY 2024?
What period does CY 2024 cover?
Which was the strongest month for EV sales in CY 2024?
Which calendar year had the highest EV sales?
Are these retail sales or factory dispatches?
EV sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit. A free, auto-updating EV registrations widget can go on any website.
