India's Electric Vehicle (EV) sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year (YoY) basis. As per the report by JMK Research Analytics, the growth in EV sales was led by two-wheelers and three-wheelers, which contributed 94 per cent to the total sales.
EV two-wheelers sales were up 29 per cent on a YoY basis to 10,09,356 units. This category's contribution to the total electric vehicle sales stood at 57.60 per cent.
In EV three-wheelers, which include passenger and cargo vehicles, sales increased by 56 per cent to 6,34,969 units on a YoY basis.
According to the report, "Lower running cost, increasing logistics demand and last-mile connectivity are the key factors for growth in this segment."
The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024.
Electric bus sales soared to 3,708 units in FY2024 with a growth of 85 per cent on a YoY basis.
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Hero MotoCorp has reportedly sold around 498,123 units of motorcycles and scooters in May 2024, marking a 4.1 per cent decline in sales, when compared to the previous year’s sales number, which was 519,474 units. The drop in monthly sales indicates a challenging period for the company in the short term.
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We all will agree to the fact that charging an electronic device is time-consuming. For smartphones or other appliances, it usually takes around 15-20 minutes to 30 minutes to gather enough juice to last for a longer span. Over the period, tech players have been continuously working towards upgrading the charging speed for smartphones/tablets/laptops- to have enough power, and some have even introduced smartphones with superfast charging capabilities, which could charge a smartphone 15-20 minutes faster.
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According to the automaker, Electric Vehicle owners can access the charging facility on the company's own Charger Management System in the myHyundai App, for easy location, navigation and pre-booking of charging slots, making digital payments and remote charging status monitoring.
