Ad

Ad

Ad

Ad

Electric Car Sales in India Sees A Minute Decline of 5% in Nov, Tata Motors Continues To Lead

By
Robin Kumar Attri
Robin Kumar Attri
|Updated on:04-Dec-2023 01:18 PM

Share via:


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon
noOfViews-icon

8,657 Views



ByRobin Kumar Attri

Updated on:04-Dec-2023 01:18 PM

noOfViews-icon

8,657 Views

share-icon

Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

In Nov 2023, Indian EV sales dropped 5% to 7042 units. Tata Motors leads with 68.56% market share but faces increased competition from new entrants like Citroen, BYD and MG.

Electric Car Sales in India Sees A Minute Decline of 5% in Nov, Tata Motors Continues To Lead

Ad

Ad

The November month of 2023 witnessed a slight decline in EV car sales in India. The total EV car sales last month stood at 7042, that's 395 units less than the October 2023 figure of 7437. Thus a minute 5% decline was observed. However, this decline is much smaller than what the ICE car sales saw in the same period. The ICE car sales in the month of November saw a substantial decline of -14.3%.

Electric Car Sales in India Sees A Minute Decline of 5% in Nov, Tata Motors Continues To Lead

Electric Car Sales Highlights For November 2023

ManufacturerNov’23 SalesMarket Share Nov’23
Tata Motors4,82868.56%
MG Motor India89112.65%
Mahindra & Mahindra4937%
BYD India1221.73%
Hyundai Motors1602.27%
Kia Motors290.4%
  • Tata Motors sees a major decline: Tata Motors, although leading the electric car segment with a 68.56% majority market share, has experienced a significant reduction from its previous market share of 80%. This is most likely due to the increased competition from new models from rival brands like BYD, MG Motors, Citroen and Mahindra, which are now more aggressive in the EV car segment and are rapidly catching up with the Tata.

  • New Entries: PSA Automobiles India (Citroen India) has outperformed expectations, indicating a rising demand for its electric hatchback eC3. The Citroen eC3 rivals the likes of Tata Motors Tiago.EV and MG Motors Comet EV in the entry level mass market EV segment. Moreover, it is also one of the most affordable EV cars in India with a decent range of 320 Km, consecutive DC fast charging capability, interior space and features.

The electric vehicle market in India remains more or less stable with a slight decline this month. However, it is expected that the sales will rise back soon as many new EV cars and SUVs and facelifts of current models are expected to arrive in India in the coming few months. The list includes the Tata Curvv EV, Tata Punch EV, Hyundai Creta EV, an update to the Mahindra XUV400 electric, etc. Moreover, OEMs like Maruti Suzuki and Kia are also expected to launch at least 1 or 2 EV models in India in the year 2024.

Conclusion

Looking forward, despite the observed decline in November, the EV car sales in India is expected to grow slightly or else remain stable in the long run. This pattern could be seen in the total number of EV car sales from November 2022 to November 2023, which stands at 82,090 units with an average sale of 6314 units each month. Moreover, Tata Motors is expected to continue being the majority market share holder, but its market share may decline further due to the evolving landscape, ongoing diversification and increased competition from new brands and new models.


Follow Us:

whatsapp-follow-icon
instagram-follow-icon
youtube-follow-icon
google-news-follow-icon

More News

Kawasaki Teases Arrival of Ninja 500 in India| Launch Soon?

Kawasaki Teases Arrival of Ninja 500 in India| Launch Soon?

Get ready for the arrival of the Kawasaki Ninja 500 in India, boasting a strong 450cc engine.

21-Feb-2024 12:57 PM

Read Full News
Kawasaki Teases Arrival of Ninja 500 in India| Launch Soon?

Kawasaki Teases Arrival of Ninja 500 in India| Launch Soon?

Get ready for the arrival of the Kawasaki Ninja 500 in India, boasting a strong 450cc engine.

21-Feb-2024 12:57 PM

Read Full News
Volvo's EV Evolution, XC40 Recharge Name Changes to EX40 & C40 to EC40

Volvo's EV Evolution, XC40 Recharge Name Changes to EX40 & C40 to EC40

Volvo revamps EV nomenclature, renaming XC40 Recharge to EX40 and C40 Recharge to EC40 for enhanced clarity and sustainability focus.

21-Feb-2024 11:03 AM

Read Full News
Volvo's EV Evolution, XC40 Recharge Name Changes to EX40 & C40 to EC40

Volvo's EV Evolution, XC40 Recharge Name Changes to EX40 & C40 to EC40

Volvo revamps EV nomenclature, renaming XC40 Recharge to EX40 and C40 Recharge to EC40 for enhanced clarity and sustainability focus.

21-Feb-2024 11:03 AM

Read Full News
Dacia Spring EV Facelift Based on Renault Kwid EV, Unveiled with Exciting Upgrades.

Dacia Spring EV Facelift Based on Renault Kwid EV, Unveiled with Exciting Upgrades.

Dacia Spring EV: Affordable, revamped Kwid-based model with a Duster-like design, advanced safety, and potential entry into the Indian market.

21-Feb-2024 10:11 AM

Read Full News
Dacia Spring EV Facelift Based on Renault Kwid EV, Unveiled with Exciting Upgrades.

Dacia Spring EV Facelift Based on Renault Kwid EV, Unveiled with Exciting Upgrades.

Dacia Spring EV: Affordable, revamped Kwid-based model with a Duster-like design, advanced safety, and potential entry into the Indian market.

21-Feb-2024 10:11 AM

Read Full News
Force Gurkha 5-Door Spotted Altitude Testing in Ladakh - Anticipated Launch in 2024?

Force Gurkha 5-Door Spotted Altitude Testing in Ladakh - Anticipated Launch in 2024?

Force Gurkha 5-Door, spied testing in Ladakh, promises off-road excellence, unique design, and imminent competition in India's dynamic automotive market.

21-Feb-2024 05:51 AM

Read Full News
Force Gurkha 5-Door Spotted Altitude Testing in Ladakh - Anticipated Launch in 2024?

Force Gurkha 5-Door Spotted Altitude Testing in Ladakh - Anticipated Launch in 2024?

Force Gurkha 5-Door, spied testing in Ladakh, promises off-road excellence, unique design, and imminent competition in India's dynamic automotive market.

21-Feb-2024 05:51 AM

Read Full News
Mahindra Secures Trademark for Scorpio X Nameplate in India

Mahindra Secures Trademark for Scorpio X Nameplate in India

Mahindra trademarks Scorpio X, possibly for the Global Pik Up. The blend of Scorpio N features sparks anticipation in the automotive community.

20-Feb-2024 12:56 PM

Read Full News
Mahindra Secures Trademark for Scorpio X Nameplate in India

Mahindra Secures Trademark for Scorpio X Nameplate in India

Mahindra trademarks Scorpio X, possibly for the Global Pik Up. The blend of Scorpio N features sparks anticipation in the automotive community.

20-Feb-2024 12:56 PM

Read Full News
New MG Electric Car Launch Confirmed for 2024 Festive Season

New MG Electric Car Launch Confirmed for 2024 Festive Season

MG Motor India confirms a new electric car launch around the 2024 festive season, anticipating increased production capacity and potential Baojun Yep eSUV introduction.

20-Feb-2024 12:26 PM

Read Full News
New MG Electric Car Launch Confirmed for 2024 Festive Season

New MG Electric Car Launch Confirmed for 2024 Festive Season

MG Motor India confirms a new electric car launch around the 2024 festive season, anticipating increased production capacity and potential Baojun Yep eSUV introduction.

20-Feb-2024 12:26 PM

Read Full News

Ad

Ad

Explore Other Cars Brands

Cars In India

Toyota bZ4x

Toyota bZ4x

₹ 70.00 Lakh

Hyundai Stargazer

Hyundai Stargazer

₹ 10.00 Lakh

Lexus LM

Lexus LM

₹ 1.50 - 1.80 Cr

Fisker Ocean EV

Fisker Ocean EV

₹ 80.00 Lakh - 1.00 Crore

Nissan X-Trail

Nissan X-Trail

₹ 26.00 - 32.00 Lakh

Ad

Ad

Ad