Have you been thinking about buying an electric vehicle (EV) for a long time? But before you do your research, you may want to know what’s happening in this market around the country.
LetMeBreathe is here to give you a download.
Here are the four latest trends and updates from the world of electric vehicles.
Tata Motors to launch 10 new electric cars over the next five years
Recently, President of Tata Motors’ Passenger Vehicles Business, Shailesh Chandra has confirmed that the automobile company will be launching 10 new electric vehicles by 2027.
Currently, Tata motors has 80 percent of the market share in the segment of electric vehicles.
In the coming months, Tata Motors will launch the electrified version of the Altroz premium hatchback in the country.
Tyre makers introduce new products
Tyre company Apollo Tyres has introduced two new tyre brands for electric vehicles, both four wheelers and two wheelers, called Amperion and Wav respectively.
“Our teams have invested years of research to understand the changing dynamics and requirements of vehicles in EV space to perfect the product that we have launched,” said Satish Sharma, Apollo Tyres President (Asia Pacific Middle East and Africa) during the announcement.
Hero electric tops sales figures for July 2022
In the electric two-wheeler market, Hero Electric has topped the list of sales made in July 2022, with companies like Ather and Ola e-scooters dipping in number of sales. Despite the ups and downs of individual companies in sales of electric two wheelers, growth in the overall electric two-wheeler segment continues. While on a year-on-year comparison the total sales tally clocked a two hundred percent jump at 44,259 units, a month-on-month comparison shows a six percent gain over the 41,837 EVs sold in June.
Automobile companies looking at hybrid vehicles for the Indian market
More and more automobile companies are working to bring either electric or hybrid vehicles to the Indian market. Although, mass-adoption of EVs will take a long time, this segment is expected to grow in the coming years.Electric vehicles are offering consumers in India lower running costs and automobile companies are estimating that electric vehicles will account for 25 percent of the brands overall sales.
For more exciting content on the electric vehicles market in India, experiences of customers and the growing market, check out our series DrivingGreen