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EV sales surge in June, but 2W segment trails on H1 performance
However, despite the recent momentum, total electric two-wheeler sales for the first half of 2025 remain lower than the previous year due to a weak start. In contrast, the electric PV segment grew 43.5 per cent during the same period.
In June, electric passenger vehicle (PV) sales rose 79 per cent year-on-year, reaching 13,178 units, up from 7,323 units in June 2024. Tata Motors led the segment with 4,708 units, followed by MG Motor India, which sold 3,972 units, and Mahindra & Mahindra, which sold 3,029 units. Tata Motors' EV sales in June were up 8.2 per cent compared to May, showing signs of recovery, while on a year-on-year basis, sales growth was flat at 2.4 per cent.
Newer entrants like Hyundai also recorded notable growth, with sales rising 712 per cent YoY to 512 units, as it started selling the electric Creta. However, on a month-on-month basis, Hyundai's EV sales fell by 15.5 per cent.
In the electric two-wheeler (2W) segment, sales reached 1,05,355 units, a 31.6 per cent increase YoY, driven by strong performances from legacy and new-age OEMs. TVS Motor Company topped the chart with 25,300 units, closely followed by Bajaj Auto, which sold 23,032 units, and Ola Electric, which sold 20,190 units. Notably, Ather Energy sold 14,526 units and Hero MotoCorp sold 7,668 units, both more than doubling their sales compared to last year, reflecting growing consumer acceptance of e-mobility solutions.
Ola's sales were down 45.2 per cent year-on-year, and its market share fell from 46 per cent in June 2024 to around 20 per cent in June 2025. ALSO READ: Auto component industry seeks national strategy on critical materials
Despite the strong June performance, electric 2W sales for the first half of 2025 (January–June) were down 31.5 per cent YoY, totaling 2,65,611 units compared to 3,87,782 in H1 2024. The decline is attributed to policy-related uncertainty earlier in the year and the high base effect from last year's peak, driven by subsidy wind-downs.
In contrast, the electric PV segment grew 43.5 per cent during the same period, with 70,306 units sold compared to 48,998 in H1 2024.
C. S. Vigneshwar, President of FADA, stated, 'Electric mobility is gathering unprecedented momentum across all segments, underpinned by the PM eDrive Scheme's mandate to make electric vehicles more accessible and affordable.'
In June 2025, electric two-wheelers accounted for 7.3 per cent of total sales, up from 5.8 per cent a year earlier, reflecting rising consumer confidence. Electric passenger vehicle (PV) penetration reached 4.4 per cent, while electric commercial vehicles (CVs) doubled their share to 1.56 per cent. The expansion of charging infrastructure and support for domestic innovation are fueling record EV sales and accelerating India's transition to electric mobility.
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Time of India
6 hours ago
- Time of India
Hyundai, IIT-M join hands to set up Rs 180 cr hydrogen research hub in TN
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Tamil Nadu Industries Minister T R B Rajaa on Tuesday unveiled the design for the Rs 180-crore ' Hyundai HTWO Innovation Centre '-a hydrogen research hub to be established at the Discovery Campus of the Indian Institute of Technology initiative is the result of a collaboration between the Tamil Nadu government, Hyundai Motor India , and IIT Madras , formalised during the Tamil Nadu Global Investors Meet in January state-of-the-art R&D hub aims to serve as a catalyst for innovation in green hydrogen technology and its ecosystem. The centre is expected to be operational by design was unveiled at an event in Chennai by Minister Rajaa, in the presence of senior government officials and Hyundai Motor India MD Unsoo Kim."What the efforts of Hyundai Motor India and IIT Madras bring to my mind are the incredible capabilities of India, and we are here to celebrate exactly that. The possibilities that exist in this remarkable place are only now being recognised by the rest of the world," Rajaa said at the Tamil Nadu's role in national growth, he said the State is India's auto, electronics, and tech capital, driven by its strong talent base and culture of embracing education. "That's what IIT Madras represents-celebrating human capital and showing how people can be changemakers," he expressed hope that Tamil Nadu would become not just India's, but Asia's R&D capital."We should leapfrog into the future and solve tomorrow's problems-that's what we're doing here," he to Hyundai officials, 'HTWO' stands for 'H2' (the hydrogen molecule), while also symbolising 'Hydrogen' and 'Humanity' -the twin pillars of Hyundai's fuel cell business."HTWO is Hyundai's global identity for this initiative," a company official told Motor India MD Unsoo Kim said hydrogen is a key pillar in achieving global carbon neutrality "With the Hyundai HTWO Innovation Centre, we aim to foster an open platform for knowledge exchange by enabling collaboration between global expertise and India's green hydrogen ecosystem."He added that the initiative reflects Hyundai Motor India's commitment to 'Make in India' by empowering local innovation, nurturing talent, and supporting the development of scalable, affordable, and sustainable hydrogen across 65,000 sq ft at IIT Madras' Thaiyur campus, the Centre will feature advanced computational and experimental will focus on the development of digital twins of hydrogen infrastructure, customised test rigs, and fabrication lines, enabling pilot-level evaluation of electrolysers and fuel cells. The facility will also host test zones for containerised demonstrators of industrial-scale Madras Director V Kamakoti said the centre will engage with stakeholders across the hydrogen ecosystem-including academia, R&D labs, industry, and policymakers-at a global level."This initiative will support India's Atmanirbhar Bharat goals in the hydrogen sector and significantly contribute to sustainability and decarbonisation targets aimed at achieving Net Zero by 2070," Kamakoti facility will focus on advancing hydrogen solutions in the mobility and power sectors, with a strong emphasis on localisation of the hydrogen value chain, public-private collaboration, and pilot infrastructure development. PTI
Business Standard
8 hours ago
- Business Standard
EV sales surge in June, but 2W segment trails on H1 performance
India's electric vehicle (EV) market continued its upward trajectory in June 2025, with strong year-on-year growth in both the two-wheeler (2W) and passenger vehicle (PV) segments, according to data released by the Federation of Automobile Dealers Associations (FADA). However, despite the recent momentum, total electric two-wheeler sales for the first half of 2025 remain lower than the previous year due to a weak start. In contrast, the electric PV segment grew 43.5 per cent during the same period. In June, electric passenger vehicle (PV) sales rose 79 per cent year-on-year, reaching 13,178 units, up from 7,323 units in June 2024. Tata Motors led the segment with 4,708 units, followed by MG Motor India, which sold 3,972 units, and Mahindra & Mahindra, which sold 3,029 units. Tata Motors' EV sales in June were up 8.2 per cent compared to May, showing signs of recovery, while on a year-on-year basis, sales growth was flat at 2.4 per cent. Newer entrants like Hyundai also recorded notable growth, with sales rising 712 per cent YoY to 512 units, as it started selling the electric Creta. However, on a month-on-month basis, Hyundai's EV sales fell by 15.5 per cent. In the electric two-wheeler (2W) segment, sales reached 1,05,355 units, a 31.6 per cent increase YoY, driven by strong performances from legacy and new-age OEMs. TVS Motor Company topped the chart with 25,300 units, closely followed by Bajaj Auto, which sold 23,032 units, and Ola Electric, which sold 20,190 units. Notably, Ather Energy sold 14,526 units and Hero MotoCorp sold 7,668 units, both more than doubling their sales compared to last year, reflecting growing consumer acceptance of e-mobility solutions. Ola's sales were down 45.2 per cent year-on-year, and its market share fell from 46 per cent in June 2024 to around 20 per cent in June 2025. ALSO READ: Auto component industry seeks national strategy on critical materials Despite the strong June performance, electric 2W sales for the first half of 2025 (January–June) were down 31.5 per cent YoY, totaling 2,65,611 units compared to 3,87,782 in H1 2024. The decline is attributed to policy-related uncertainty earlier in the year and the high base effect from last year's peak, driven by subsidy wind-downs. In contrast, the electric PV segment grew 43.5 per cent during the same period, with 70,306 units sold compared to 48,998 in H1 2024. C. S. Vigneshwar, President of FADA, stated, 'Electric mobility is gathering unprecedented momentum across all segments, underpinned by the PM eDrive Scheme's mandate to make electric vehicles more accessible and affordable.' In June 2025, electric two-wheelers accounted for 7.3 per cent of total sales, up from 5.8 per cent a year earlier, reflecting rising consumer confidence. Electric passenger vehicle (PV) penetration reached 4.4 per cent, while electric commercial vehicles (CVs) doubled their share to 1.56 per cent. The expansion of charging infrastructure and support for domestic innovation are fueling record EV sales and accelerating India's transition to electric mobility.
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Business Standard
9 hours ago
- Business Standard
Hyundai Motor fuels India's hydrogen dreams with IIT Madras hub
India is finally making a move in hydrogen fuel cell technology for passenger cars too. On Tuesday, Hyundai Motor India joined hands with the Indian Institute of Technology Madras (IIT Madras) and Guidance Tamil Nadu to unveil the Hyundai HTWO Innovation Centre within the Discovery Satellite Campus of IIT Madras at Thaiyur in Chennai. The state-of-the-art research and development hub is poised to serve as a catalyst for innovation in the field of green hydrogen technology and its ecosystem. This comes after the company showcased the Hyundai Nexo hydrogen FCEV recently and joined hands with Indian Oil Corporation to conduct real-world tests on Indian roads. The only other company working on hydrogen cars in India is Toyota Kirloskar Motor, which is doing a pilot with the International Centre for Automotive Technology (ICAT) using the Toyota Mirai to study hydrogen fuel cell technology in Indian conditions. Pilot runs are already happening in the commercial vehicle segment. "Our vision goes beyond electrification. We see green hydrogen as a transformative energy solution with applications across sectors, from refining fuels to producing fertilisers and chemicals," said Unsoo Kim, managing director, Hyundai Motor India. This milestone marks the next phase in HMIL's ₹100 crore commitment to pioneering green hydrogen innovation in India. "For India to grow, Tamil Nadu needs to be growing by leaps and bounds, and that is exactly what Tamil Nadu is doing now through its amazing talent. The possibilities that are here in this amazing place are the possibilities that the rest of the world is only now looking up to. The Hyundai HTWO Innovation Centre is a crucial step towards indigenous hydrogen production," said T R B Rajaa, industries minister of Tamil Nadu. IIT Madras will house this Centre, spread across a sprawling 65,000 sq. ft. area at its Discovery Campus at Thaiyur, featuring advanced computational and experimental laboratories. The development of digital twins of hydrogen infrastructure, along with customised test rigs and fabrication lines, will contribute to the pilot-level evaluation of electrolyzers and fuel cells. It will also host test zones for containerised pilot demonstrators for industrial-scale products. Aligned with the Government of India's vision of energy independence by 2047, the facility will also drive research and development and demonstration activities to accelerate readiness and adoption across the green hydrogen value chain, making the Hyundai HTWO Innovation Centre a national hub for cost-effective, scalable hydrogen innovation. "This initiative demonstrates our commitment to 'Make in India' by empowering local innovation, nurturing talent, and supporting the development of scalable, affordable, and sustainable hydrogen solutions. Our collaboration with IIT Madras and the Government of Tamil Nadu reflects our long-term vision of advancing India's clean energy future and establishing a strong foundation for a hydrogen-powered tomorrow," Kim said. Building on Hyundai Motor Group's hydrogen brand and business platform — HTWO, the Centre is envisioned as a hub for industrial-scale hydrogen research and innovation. Leveraging HTWO's comprehensive expertise across the entire hydrogen value chain — from production and storage to application — as well as its role as an open platform for collaboration, investment, and partnership, the facility will focus on advancing hydrogen solutions in the mobility and power sectors. With a strong emphasis on localisation of the hydrogen value chain, pilot infrastructure development, and public-private collaboration, the Centre aims to accelerate the growth of a viable hydrogen economy. V. Kamakoti, Director — IIT Madras, said the Centre will run its first vehicle within three years. "This Centre will work with all the stakeholders of the hydrogen sector at the global level, including academia, national R&D laboratories, industries, and policymakers. This will make India Atmanirbhar Bharat in the hydrogen sector. It will greatly contribute to sustainability and provide a boost to the nation's decarbonisation initiatives that target Net Zero by 2070," Kamakoti said. Beyond R&D, the facility is expected to play a critical role in developing India's skilled hydrogen workforce and supporting the Government of India's vision of building an Atmanirbhar and Viksit Bharat.
