The Indian electrical automobile market which has been accelerating within the final two-years, particularly in 2021, is now witnessing the brunt of semiconductor scarcity.
As per information compiled by JMK Research, EV registrations in April 2022 primarily pushed by electrical two-wheelers and passenger-type electrical three-wheelers accounted for 92.92 p.c of whole registrations within the month. The shares of those classes had been adopted by e-cars (3.64%), cargo-type electrical three-wheelers (3.17%), and so forth.
Among all of the states and UTs, Uttar Pradesh retained its high spot of EV share with 16 p.c of general gross sales, adopted by Karnataka with 13 p.c share. Maharashtra fell to the third spot with 11 p.c share, adopted by Gujarat (10%), Tamil Nadu (8%), Rajasthan (7%), and Delhi (5%).
While electrical two-wheelers have been the low-hanging fruit, high-speed electrical two-wheeler registrations got here at 49,141 items, signifying a slight decline of 0.91% on MoM (month-on-month) foundation nonetheless a whopping 866 p.c bounce over the identical interval final 12 months. It is vital to notice that the year-ago base was fairly low.
In phrases of participant clever rankings, Ola Electric dethroned market chief Hero Electric, whereas Okinawa took the second place. Hero Electric fell to the third place whereas Bajaj re-entered the highest 10 rankings after its temporary absence final 12 months, pushing Benling to the eleventh place.
Sales of electrical three-wheelers (passenger and cargo) in April 2022 stood at 18,738 items and a pair of,316 items respectively, a decline of 9.59 p.c and 26.38 p.c respectively.
For the electrical passenger automobile phase, the cumulative gross sales in April 2022 got here at 2,659 items, witnessing a decline of 25.55 p.c over the earlier month, however a progress of 344.65 p.c in registrations albeit a low-year-ago base. Tata Motors noticed the best registration (87 p.c market share within the phase) because of the economical and widespread fashions – Tiago, Tigor and Nexon.
The cumulative gross sales of electrical buses for the month stood at 164 items, a progress of 116 p.c over the earlier month and 6 p.c YoY. This month’s gross sales had been pushed by JBM Auto (30%), adopted by PMI Electro (29%), Tata Motors (23%) and Olectra Greentech (18%).
Source: www.financialexpress.com”