Ad
Ad
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.
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%.
Ad
Ad
Electric Car Sales Highlights For November 2023
| Manufacturer | Nov’23 Sales | Market Share Nov’23 || ------------------- | ------------ | -------------------- || Tata Motors | 4,828 | 68.56% || MG Motor India | 891 | 12.65% || Mahindra & Mahindra | 493 | 7% || BYD India | 122 | 1.73% || Hyundai Motors | 160 | 2.27% || Kia Motors | 29 | 0.4% |
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.
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.
Next-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades
The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment.
07-Sep-2024 10:40 AM
Read Full NewsNext-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades
The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment.
07-Sep-2024 10:40 AM
Read Full NewsBMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028
BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure.
07-Sep-2024 07:39 AM
Read Full NewsBMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028
BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure.
07-Sep-2024 07:39 AM
Read Full NewsNew Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane
The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1
07-Sep-2024 07:02 AM
Read Full NewsNew Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane
The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1
07-Sep-2024 07:02 AM
Read Full NewsScout to Unveil Two Electric Concepts in 2026
Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant.
07-Sep-2024 06:40 AM
Read Full NewsScout to Unveil Two Electric Concepts in 2026
Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant.
07-Sep-2024 06:40 AM
Read Full NewsSpeed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up
Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle.
07-Sep-2024 06:04 AM
Read Full NewsSpeed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up
Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle.
07-Sep-2024 06:04 AM
Read Full NewsSkoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only
Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector.
06-Sep-2024 01:26 PM
Read Full NewsSkoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only
Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector.
06-Sep-2024 01:26 PM
Read Full NewsAd
Ad
Mercedes-Benz Maybach EQS SUV
₹ 2.25 Cr
Tata Curvv
₹ 9.99 - 19.00 Lakh
Maserati GranTurismo
₹ 2.72 - 2.90 Cr
Aston Martin Vantage
₹ 3.99 Cr
Audi Q8
₹ 1.17 Cr
Hyundai Alcazar facelift
₹ 17.00 - 22.00 Lakh
MG Windsor EV
₹ 25.00 - 30.00 Lakh
Mahindra XUV300 Electric
₹ 15.00 Lakh
Mercedes-Benz EQS 2024
₹ 2.00 Cr
Hyundai Ioniq 5 N
₹ 45.95 Lakh
Ad
Ad
Ad