India Achieves Over 1 Million EV Sales in FY 2024-25

02 Apr 2025 CW Team

Surging EV adoption in India

India’s electric mobility sector is witnessing rapid growth, driven by government policies, technological advancements, and increasing environmental awareness. The latest figures highlight this momentum:

Electric Two-Wheelers (e-2W): 11,49,334 units sold in FY 2024-25, a 21% increase from 9,48,561 units in the previous year.
Electric Three-Wheelers (e-3W L5): 1,59,235 units sold, marking a 57% growth from 1,01,581 units in FY 2023-24.

Government’s push

To further accelerate EV adoption, the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was launched on September 29, 2024, with a Rs 109 billion outlay for two years (until March 31, 2026). This scheme replaces the Electric Mobility Promotion Scheme (EMPS) 2024 and focuses on strengthening India's EV manufacturing ecosystem.

Under PM E-DRIVE in FY 2024-25:

10,10,101 e-2Ws and 1,22,982 e-3Ws (L5) were registered on the VAHAN portal.
Overall, more than 1 million EVs were sold this fiscal year.

Minister's statement on the achievement

Union Minister for Heavy Industries & Steel, Shri H.D. Kumaraswamy, praised this milestone, stating:

"Under the visionary leadership of Prime Minister Shri Narendra Modi, India is leading the global shift towards sustainable mobility. The achievement of over 1 million EV sales reflects the success of key government initiatives like FAME, EMPS, and PM E-DRIVE. This reaffirms our commitment to a cleaner, greener, and self-reliant India."

Impact on environment and economy

The adoption of EVs under PM E-DRIVE has led to:

Daily fuel savings: 8,55,723 litres
Total fuel saved: 15,77,33,334 litres
Daily CO? reduction: 12,48,100 kg
Total CO? reduction: 23,01,73,978 kg

Beyond environmental benefits, the initiative is boosting investments, strengthening the EV supply chain, and creating jobs in manufacturing and charging infrastructure.

PLI auto scheme

The Production Linked Incentive (PLI) Auto Scheme is playing a vital role in advancing sustainable manufacturing. Under this initiative, 18 Original Equipment Manufacturers (OEMs) have applied, driving India’s transition toward an electric and self-reliant automotive industry.

With these government-backed initiatives, India is poised to become a global leader in EV adoption, reinforcing its commitment to a clean, green, and sustainable future.

(PIB)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Ministry of Heavy Industries (MHI) has successfully recorded the sale of over 1 million electric vehicles (EVs) in the financial year 2024-25, marking a significant step toward sustainable and green mobility. This milestone aligns with Prime Minister Narendra Modi’s vision of achieving Net Zero by 2070 and promoting Aatmanirbhar Bharat. Surging EV adoption in India India’s electric mobility sector is witnessing rapid growth, driven by government policies, technological advancements, and increasing environmental awareness. The latest figures highlight this momentum: Electric Two-Wheelers (e-2W): 11,49,334 units sold in FY 2024-25, a 21% increase from 9,48,561 units in the previous year. Electric Three-Wheelers (e-3W L5): 1,59,235 units sold, marking a 57% growth from 1,01,581 units in FY 2023-24. Government’s push To further accelerate EV adoption, the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme was launched on September 29, 2024, with a Rs 109 billion outlay for two years (until March 31, 2026). This scheme replaces the Electric Mobility Promotion Scheme (EMPS) 2024 and focuses on strengthening India's EV manufacturing ecosystem. Under PM E-DRIVE in FY 2024-25: 10,10,101 e-2Ws and 1,22,982 e-3Ws (L5) were registered on the VAHAN portal. Overall, more than 1 million EVs were sold this fiscal year. Minister's statement on the achievement Union Minister for Heavy Industries & Steel, Shri H.D. Kumaraswamy, praised this milestone, stating: Under the visionary leadership of Prime Minister Shri Narendra Modi, India is leading the global shift towards sustainable mobility. The achievement of over 1 million EV sales reflects the success of key government initiatives like FAME, EMPS, and PM E-DRIVE. This reaffirms our commitment to a cleaner, greener, and self-reliant India. Impact on environment and economy The adoption of EVs under PM E-DRIVE has led to: Daily fuel savings: 8,55,723 litres Total fuel saved: 15,77,33,334 litres Daily CO? reduction: 12,48,100 kg Total CO? reduction: 23,01,73,978 kg Beyond environmental benefits, the initiative is boosting investments, strengthening the EV supply chain, and creating jobs in manufacturing and charging infrastructure. PLI auto scheme The Production Linked Incentive (PLI) Auto Scheme is playing a vital role in advancing sustainable manufacturing. Under this initiative, 18 Original Equipment Manufacturers (OEMs) have applied, driving India’s transition toward an electric and self-reliant automotive industry. With these government-backed initiatives, India is poised to become a global leader in EV adoption, reinforcing its commitment to a clean, green, and sustainable future. (PIB)

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..