Registered number of vehicles Mumbai India FY 2006-2019
Automotive in India
India ranked fourth in the passenger car production sector worldwide in 2020, with over three million units of passenger vehicles produced in fiscal year 2021. Although, in contrast, the domestic market has been dominated by the two-wheeler segment. This was probably due to the latter’s ability to navigate the narrow Indian roads. Sales volume for two-wheelers continued to increase over the past few years.
The number of electric vehicle sales in the dominating two-wheeler segment across the country quintupled between 2016 and 2020, with help from government initiatives to enhance e-mobility. The number of electric two-wheelers was estimated to cross the 26 million mark by 2030. With strict emission laws and reduced taxes on electric vehicles, the Indian government has been making efforts to make a radical yet streamlined switch to e-mobility.