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Daily News Wrap-Up: Electric Vehicle Sales Up 40% YoY in Q1 2024

Luminous inaugurates 250 MW solar module manufacturing facility in Uttarakhand

April 2, 2024

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Electric vehicle (EV) sales in India reached a record 486,669 units in the first quarter (Q1) of 2024, a jump of over 40% year-over-year against the 347,676 units sold in the same period of 2023. The EV market consistently exceeded the 100,000-unit threshold each month during the quarter, and March witnessed the highest-ever monthly sales figure of 204,337 units. EVs account for 7.9% of overall automobile sales, which totaled 6,157,070 units in Q1 2024.

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