Electric Vehicles Secure Foothold In Indian Market But Still Miles To Cover
NDTV
Windmill Capital, a research analyst group registered with the Securities and Exchange Board of India (SEBI), said in its report that the pace at which electric vehicles have been adopted is a low 2.9 per cent in the current financial year.
The number of electric vehicles on the road has been steadily rising over the years in India, but petrol and diesel vehicles far outnumber them, according to a report.
Windmill Capital, a research analysis group registered with the Securities and Exchange Board of India (SEBI), said in its report that the pace at which electric vehicles have been adopted is a low 2.9 per cent in the current financial year.
It further noted that the "exponential" growth witnessed in sales of electric cars and electric two-wheelers in the first six months of the current financial year (April-September) is on account of a lower base.
The sale of electric cars surged 268 percent to 18,142 units in the April-September period. Cumulative retail sales of electric two-wheelers in the same period grew 404 per cent to 2,77,910 units, said Windmill Capital, which is a subsidiary of Smallcase Technologies.
