India’s Electric Car Registrations Hit Record in September

India’s electric car registrations hit a record 35,948 units in September. That is a 94 percent jump from a year earlier, according to Vahan data compiled by Nuvama.
Electric cars made up 8.3 percent of all passenger vehicle registrations. Roughly one in every 12 cars registered was electric. Registrations rose 11 percent from August.
Tata Motors led the market with 14,722 registrations, about double its year-earlier figure. Its share stood at 41 percent. Mahindra followed with 7,741 units, up 116 percent. It overtook JSW MG Motor for second place.
MG ranked third with 5,226 units. VinFast was fourth with 2,961 registrations. For the April-September half, electric car registrations reached 1,91,751 units, up 89 percent.
Nuvama’s Raghunandhan NL said higher aspirational value and more model options were driving acceptance. Overall passenger vehicle registrations rose 31 percent to over 4.14 lakh in September.
VinFast’s rise is notable. The company registered just six vehicles last September. This September it sold 2,961 units, up 133 percent in share terms. Kia and Tesla also gained ground. Tesla recorded 279 registrations, up 138 percent from August. Overall, 4,22,802 passenger cars were registered in September, with the mass market growing strongly.
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