The Indian Electric market has been on an upward growth trajectory, with 2024 marking significant milestones. The E4W segment also showed notable growth in 2024, reflecting the increasing adoption of EV cars in the country.
However, December 2024 brought a slight decrease in sales, reflecting the dynamic nature of the market.
Tata Motors, the longstanding electric 4W leader, continued to dominate the market in December and maintained market leadership, followed by MG Motors and Mahindra.
Let’s look closer at the top 10 original equipment manufacturers (OEMs) in the electric four-wheeler industry for December 2024.
Company
Nov Sales
Dec Sales
MoM Growth (%)
Tata Motors
4,374
4,037
-7.7
47.36
JSW MG Motor India
3,627
3,421
-5.68
39.68
Mahindra & Mahindra
575
383
-33.39
5.39
BYD India
140
221
57.86
2.03
BMW India
116
110
-5.17
1.27
Hyundai Motor India
114
90
-21.05
1.15
Mercedes-Benz
104
96
-7.69
1.13
PCA India (Citroen)
82
77
-6.1
0.9
Kia India
41
43
4.88
0.47
Volvo Auto India
32
47
46.88
0.44
Tata Motors continues to maintain its first position in the electric four-wheeler market leaderboard in December 2024 as well. The company reported a substantial decrease in retail sales, with sales figures falling to 4,037 units compared to 4,374 units in November.
This decrease resulted in a month-over-month growth rate of -7.7% and a substantial market share of 47.36%.
MG Motors failed to surpass Tata Motors this month but surely is going to catch up soon. It retained its second position on the leaderboard in December 2024.
The company sold 3,421 electric four-wheelers, a slight decrease from the 3,627 units sold in November. Its month-on-month growth stands at -5.68%, with a market share of 39.68%.
Mahindra and Mahindra continues to maintain its third spot on the leader board in December 2024.
The company sold 383 electric vehicles in November, which is a substantial decrease from the 575 units sold in November 2024.
Mahindra recorded a month-on-month growth of -33.39% and now holds a market share of 5.39%.
BYD maintained the fourth spot in the leaderboard with a sales figure of 221 units in December 2024. In a surprising turn of events, MG Motors is the only brand to have positive MoM growth this month.
The company had a slight rise from the 140 units sold in November, reflecting a 57.86% month-on-month growth. BYD India Pvt Ltd now holds a 2.03% market share.
BMW, jumped up to the fifth position in the leaderboard this month.
It reported sales of 110 units in December 2024, a reduction from the 116 units sold in November. This represents a reduction in month-on-month growth by -5.17% and its market share currently stands at 1.27%.
The post Electric Four-Wheeler Sales Data December 2024 | Top 10 Company appeared first on E-Vehicle Info.
