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# India’s EV market grew 223% to 48,000 units in 2022
- URL: https://www.techloy.com/electric-vehicle-market-in-india-grew-by-223-percent-in-2022/
- Published: 2023-02-07T17:45:04.000Z
- Updated: 2023-02-07T17:45:04.000Z
- Author: Emmanuel Oyedeji
- Tags: EVs, / Insights, Tech in India

India's electric vehicle (EVs) market registered unprecedented growth in 2022, propelled by pent-up demand and rising consumer buying power, according to the latest Automotive Analysis data by *Canalys.*

In 2022, India’s light vehicle market grew 23% to 3.8 million units. Initially, electric vehicles (EVs) occupied 1.3% of the Indian market share but the market grew by a phenomenal 223% in 2022 by adding 48,000 EVs.

With the Indian electric vehicle market in its nascent stage, Tata led in EV sales with 86% market share from just two models, the Nexon EV and Tigore EV, followed by Morris Garages’ ZS EV and Hyundai’s Kona with 9% and 1.6% respectively. 

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2023/02/India-s-top-three-EV-brands--market-share--2022---1---1-.png)

Global luxury brands including Audi, BMW and Mercedes-Benz also registered EV sales in the country but in small volumes. Mercedes-Benz and BMW posted record sales but represented less than 1% of the total market.

With the new government initiative (The FAME India Phase II) set to promote nationwide rapid adoption of EVs, *Canalys* forecasts that the EV market in India will grow to over 300,000 units in 2025, representing over a 6% share of the total light car market, achieving a CAGR of 59%.