Electric vehicle sales in November 2024 – Tata, MG, Mahindra,

Gadivadi –

Tata Motors continues to dominate EV segment despite 17.71% year-on-year decline in November 2024

India’s electric vehicle market has been slow to develop due to limited vehicle models. There are many factors contributing to this trend, including lack of charging infrastructure, range issues and the higher sticker costs of vehicles compared to internal combustion engine models. Carmakers are gearing up to launch various new models for the mass-market electric vehicle segment, which will be launched next year and we will see new players like Maruti Suzuki and Toyota. In this article, we take a look at electric car sales in November 2024.

The total sales of electric vehicles in November 2024 were 8,668 units, a year-on-year increase of 14.58%. On the other hand, MOM analysis showed that the segment fell by 18.30%. Tata Motors still topped the list with sales of 4,224 units, but the overall year-on-year decline was 17.71%.

The Indian carmaker’s product lineup includes sports models such as Punch EV, Nexon EV and Curvv. In second place is MG, with sales of 3,163 units last month. A year-on-year increase of 230.86% was attributed to the launch of the new MG Windsor, which contributed a considerable proportion. Comet EV and ZS EV are also part of the brand’s product line.

Lagging behind is Mahindra, which only launched the XUV400 EV and sold 552 units, a year-on-year increase of 2.03%. The Indian SUV maker is likely to see these numbers continue to rise once the new BE 6 and XUV 9e start hitting the roads. BYD is not far behind, selling models such as Atto 3 and Seal EV, with a product portfolio of 329 units.

Citroën and Kia achieved double-digit sales of 82 and 68 vehicles respectively. Hyundai Motor’s IONIQ 5 has sold only 21 units in the electric car segment, but the upcoming Creta EV will be a major sales driver for the Korean brand. Talking about luxury car manufacturers, Mercedes-Benz topped the list with 98 sales, followed by BMW with 94 electric cars sold in November 2024.

In addition, Volvo successfully sold 32 electric vehicles with XC40 Recharge and C40 Recharge, a year-on-year decrease of 57.33%.

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