Electric Vehicles sales witness 120% growth in India, hybrids surge 400%
The surge in EV adoption was driven by the introduction of new affordable models
India saw 120 per cent growth in electric vehicles (EVs) in the second quarter of this year, driven by a 400 per cent surge in hybrid vehicles, a report showed on Monday.
Assistance systems (ADAS) rapidly expanded by 350 per cent (year-on-year) and the adoption of connected and digital cockpit features continue to gain steady traction in passenger vehicles, surpassing 60 per cent, according to the report by CyberMedia Research (CMR).
The surge in EV adoption was driven by the introduction of new affordable models, including, for instance, MG Comet EV from MG Motors.
By the end of this year, over 5 per cent of passenger vehicles are likely to be fully electric and equipped with ADAS features.
Advanced connectivity and digital cockpit functionalities are projected to capture a 40 per cent market share, the report noted.
