PV, CV, Three-Wheelers And Two-Wheelers Reports Growth In Domestic Sales In The Year 2022 Compared To 2021

0
194
alternative auto automobile battery
Photo by Mike on Pexels.com

The Union Minister of State for Heavy Industries, Shri Krishan Pal Gurjar in a written reply to a question in Lok Sabha informed that as per the data received from SIAM (Society of Indian Automobile Manufacturers) it has been observed that there has been a growth in domestic sales of passenger vehicles, Commercial Vehicles, Three Wheelers & Two Wheelers in the year CY 2022 compared to CY 2021.         

Data of Sales (number) in the last two years:

YearPVsCVs3Ws2Ws
202130,82,4216,77,1162,64,7581,45,33,815
202237,92,3569,33,1164,18,3411,56,07,991

Electric Vehicles sold in the market are all battery-operated vehicles. “Battery Operated Vehicle” means a vehicle adapted for use upon roads and powered exclusively by an electric motor whose traction energy is supplied exclusively by the traction battery installed in the vehicle.

The information regarding the manufacture of electric vehicles is not maintained by the Ministry. The data regarding the number of electric vehicles sold in India {as per information from Ministry of Road Transport and Highways, (MoRTH)}, is given below:

ALSO READ  ANERT Invites Bids For Installation Of 13 EV Charging Stations In Thiruvananthapuram Solar City

      (Units in Number)

CategoryFuel TypesDomestic Sales (MoRTH)
2019-202020-212021-22
Passenger Vehicles (e-4W)EVs6,0005,00019,000
Three Wheelers (e-3W)EVs14,00088,0001,78,000
Two Wheelers (e-2W)EVs25,00041,0002,31,000

Several measures have been taken by the Government of India to promote Electric vehicles. The Ministry of Heavy Industries has launched 3 schemes for the promotion of Electric vehicles in the country: –

  1. FAME Scheme – Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India): The Government notified Phase-II of the FAME India Scheme for a period of five years commencing from 1st April 2019 to 31st March 2024 with a total budgetary support of Rs. 10,000 crore. This phase focuses on supporting the electrification of public and shared transportation and aims to support through incentives for purchasing Electric vehicles (2-wheelers, 3-wheelers, 4-wheelers, and Electric Buses).
  2. PLI Scheme for the Auto and the Auto Component – With a budgetary outlay of ₹25,938 crore, the Production Linked Incentive (PLI) Scheme for the Automobile and Auto component was approved by the Union Cabinet on 15th September 2021 & notified on 23rd September 2021. Total of 85 applicants has been approved under this scheme. The Scheme provides incentives to Electric Vehicles and their components up to 18% of the eligible sales.
  3. PLI ACC– The Government has approved the PLI Scheme for manufacturing of ACC in the country with a budgetary outlay of ₹18,100 crore.  The scheme incentivises the establishment of Giga scale ACC manufacturing facilities in the country for 50 Giga Watt hour (GWh).  These ACCs will be used in batteries which are aimed to promote the widespread adoption of EVs.
ALSO READ  Electric Vehicle Sales Show Strong Growth In July 2023; 45% YoY Increase - Report

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.