Electric car sales rise 22% to 6577 units in April

Electric car sales rise 22% to 6577 units in April

Electric car sales rise 22% to 6577 units in April after a record FY2024, electric passenger vehicle sales are seen rising in the first month of FY2025. Tata Motors leads with 71% market share (4,701 units), followed by MG Motor India at 12% and Mahindra at 9%. Luxury car makers contribute 3.42% share with sales of 225 units.

Electric car sales rise 22% to 6577 units in April Continuing the momentum of record performance of FY2024, India Electric Passenger Vehicles Inc has made a positive start to FY2025. According to vehicle data (as of May 1, 2024), April 2024 saw retail sales of 6,577 electric cars and SUVs, a year-on-year growth of 22% from 5,412 units in April 2023.

The growth in sales of electric passenger vehicles is becoming increasingly evident, reflected in the increasing presence of green numbered cars, SUVs and MPVs on Indian roads. This growth can be attributed to several factors: increasing awareness about EVs ,Expanded product offerings from EV manufacturers, increased charging infrastructure – especially in urban areas – and the appeal of having wallet and environment-friendly vehicles.

As consumers are becoming more aware of environmental issues, the trend toward electric vehicles is gaining momentum. With a wider range of EV options now available and access to charging facilities becoming more widespread, The inclination of potential buyers is increasing towards switching to electricity. Furthermore, economic benefits, coupled with the desire to reduce carbon footprint, are encouraging individuals to choose electric vehicles.

Manufacturers’ commitment towards innovation and sustainability, coupled with supportive government policies and incentives, is also driving the growth of the electric vehicle market in India. As a result, Electric passenger vehicles are no longer just a niche segment, but are increasingly becoming the mainstream choice for Indian consumers looking for greener and more sustainable mobility solutions.

Electric car sales rise 22% to 6577 units in April Tata Motors, which boasts India’s widest EV lineup, currently has 71% market share. However, its dominance is facing challenges amid increasing competition.

Electric car sales rise 22% to 6577 units in April Tata Motors, leading the electric passenger vehicle (PV) market with its diverse portfolio including Nexon EV, Tigor EV, Tiago EV, Express-T (for fleet buyers) and Punch EV, achieved remarkable sales of 4,701 units in April. This strong performance strengthens its position in the dynamic EV market by achieving 71.47% share. Despite intense competition, Tata Motors continues to grow, with rivals constantly introducing new products. In FY2024, the company’s EV sales grow to 73,833 units, reflecting a strong growth of 48% year-on-year and achieving an impressive EV penetration level of 13%. As Tata Motors is the leader in India’s electric PV market, its commitment to innovation and customer-centric offerings remains critical in maintaining its leadership amid changing market dynamics.

Electric car sales rise 22% to 6577 units in April MG Motor India Securing its position at second position, MG Motor India achieved sales of 813 units in April 2024. Its two flagship products, ZS EV and Comet EV, contributed 12% market share.

Electric car sales rise 22% to 6577 units in April Mahindra & Mahindra secured the third position with sales of 580 units of XUV400, capturing 8.81% EV market share. Notably, in mid-January 2024, Mahindra launched the new XUV400 Pro range, offering competitive pricing ranging from Rs 15.49 lakh to Rs 17.49 lakh for the top-spec EL Pro variant. These introductory prices are valid till May 31, 2024, reflecting Mahindra’s commitment to provide value to its customers in the growing EV market.

Electric car sales rise 22% to 6577 units in April BYD India, which is famous for its Atto 3 SUV and e6 MPV, moved up to fourth place in the recent rankings after introducing the Sealed sedan on March 5. The Indian subsidiary of the Chinese EV giant sold a total of 127 units, demonstrating its growing influence. in the market.

Electric car sales rise 22% to 6577 units in April Mercedes-Benz India is at fifth position with triple-digit sales of 119 units in April. This achievement marks its best monthly performance within the first four months of CY2024. Leaving behind rivals like Hyundai Motor India (84 units) and BMW India (51 units), Mercedes-Benz India’s strong sales highlight its commitment to providing premium electric vehicles in line with the preferences of Indian consumers.

According to vehicle data, luxury carmakers in India collectively sold 225 units in April 2024, capturing 3.42% share of the Indian EV market for the month. Mercedes-Benz India leads the group with sales of 119 units, demonstrating its dominance in the luxury EV segment. BMW India is at second position with 51 units, while Volvo Auto India has recorded sales of 36 units. Audi and Porsche also contributed significantly with sales of 11 units and 8 units respectively. This data underlines the growing interest in luxury electric vehicles among Indian consumers, as well as the competitive landscape within this specific market segment.