Electrical 4 Wheeler Gross sales Report August 2023
The electrical four-wheeler phase has been seeing progress this 12 months. It’s on an upswing with the electrification of four-wheelers aiming to create a cleaner and greener transportation future for the nation. Nevertheless, the E4W gross sales declined fairly a bit in August 2023. The phase skilled a 13% downfall over the earlier month.
Tata Motors maintained its market chief place in August 2023 as nicely, adopted by MG Motors and Mahindra and Mahindra. The highest 3 positions stay the identical. In the meantime, Hyundai Motors and PCA Vehicles acquired the 4th and the fifth rank respectively.
TOP 10 ELECTRIC FOUR WHEELER COMPANIES
Sr.N.COMPANY NAMEJULYAUGUST MOM Progress Market Share 1.TATA ELECTRIC5,4274,598-15%81%2.MG MOTOR1,2241,146-6%18%3.MAHINDRA 3733771%6%4.HYUNDAI INDIA11418260%2%5.CITROEN (PCA AUTO) 216110-49%3%6.BYD INDIA 11792-21%2%7.BMW INDIA 10570-33%2%8.VOLVO INDIA 333918%0%9.KIA INDIA2927-7%0%10.AUDI AG91344%0%
Tata Motors bought the best variety of electrical four-wheelers. It bought 4,598 models and purchased the best market share of 81 p.c in August 2023.
MG Motors bought 1,146 models delivering good outcomes with a market share of 18 p.c and sustaining its place on the second spot.
Mahindra and Mahindra delivered simply 377 models and managed to take care of its third place in August as nicely with a market share of 6 p.c.
Hyundai Motors managed to leap from the sixth spot in July and purchase the 4th place within the chief board. It bought 182 models and delivered nice outcomes with a market share of two p.c.
PCA Vehicles slipped to the fifth place dropping to Hyundai Motors. It bought 110 models and managed to amass a market share of three p.c.
Tata Motors Lion’s Share within the Market
Tata Motors’ continued dominance within the EV market is a testomony to the corporate’s dedication to offering nice high quality and sustainable automobiles. It’s making vital strides within the EV phase and has made a major 54.9% YoY progress as nicely. Regardless of the challenges posed by market dynamics, Tata Motors continues to be a outstanding participant and has the lion’s share of the Indian E4W phase. The corporate’s principal give attention to reasonably priced electrical mobility continues to provide them an distinctive benefit, contributing to their general efficiency within the quickly evolving electrical trade.
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