India Witnesses 120% Surge in EV Sales, 400% Hybrid Vehicles Sales: CyberMedia Research

By: Asia Business Outlook Team | Monday, 21 August 2023

In accordance with a report released on Aug 21, India saw a 120% increase in electric vehicles (EVs) in the second quarter of this year, driven by a 400% increase in hybrid vehicles.

According to a CyberMedia Research (CMR) report, assistance systems (ADAS) have increased by 350% year on year, and the adoption of connected and digital cockpit features has surpassed 60% in passenger vehicles.

Introducing new affordable models, such as the MG Comet EV from MG Motors, fueled the surge in EV adoption.

"Automotive original equipment manufacturers (OEMs) are focused on introducing electric vehicles with Level 2 advanced driver assistance systems (ADAS) that include helpful features like adaptive cruise control, lane centering, and automated lane changes," said John Martin, CMR's senior analyst-smart mobility practise.

Furthermore, the use of intelligent and connected cockpits within vehicles is increasing.

"These advancements not only improve consumer safety, but they also promote intelligent mobility and environmental sustainability," Martin said.

OEMs such as Toyota Kirloskar, Maruti Suzuki, and Honda Motors drove the remarkable growth in hybrid vehicle demand.

According to the report, smart connected features were installed in more than 90% of EV sales in Q2 2023, and digital cockpits were installed in approximately 15% of hybrid vehicles.