A have a look at Electrical 4-Wheeler gross sales for August 2023
The four-wheel electrical automobile section is rising this 12 months. It’s booming with the electrification of four-wheeled automobiles aiming to create a cleaner and greener transportation future for the nation. Nonetheless, E4W gross sales fell considerably in August 2023. The section noticed a 13% decline month-over-month.
Tata Motors additionally maintained its market management place in August 2023, adopted by MG Motors and Mahindra and Mahindra. The primary 3 positions stay the identical. In the meantime, Hyundai Motors and PCA Cars took 4th and fifth place, respectively.
Tata Motors is the corporate that sells essentially the most four-wheel electrical automobiles. It offered 4,598 models and had a peak market share of 81% in August 2023.
COMPANY NAME
JULY
AUGUST
MOM Development
Market Share
TATA ELECTRIC
5,427
4,598
-15%
81%
MG MOTOR
1,224
1,146
-6%
18%
MAHINDRA
373
377
1%
6%
HYUNDAI INDIA
114
182
60%
2%
CITROEN
(PCA AUTO)
216
110
-49%
3%
BYD INDIA
117
92
-21%
2%
BMW INDIA
105
70
–33%
2%
VOLVO INDIA
33
39
18%
0%
KIA INDIA
29
27
-7%
0%
AUDI AG
9
13
44%
0%
Market share of Tata Motors
Tata Motors’ continued dominance within the electrical automobile market demonstrates the corporate’s dedication to delivering high-quality, sturdy automobiles. It’s making vital progress within the electrical automobile section and likewise registered vital year-on-year progress of 54.9%. Regardless of the challenges posed by market dynamics, Tata Motors continues to be the chief and is capturing a significant market share in India’s E4W section. The corporate’s main deal with reasonably priced electrical mobility continues to offer it a particular benefit, contributing to its general efficiency in a quickly altering electrical sector.
MG MOTOR
MG Motor additionally leads in gross sales at second place on the checklist. MG Motors offered 1,146 models, performing nicely with an 18% market share and sustaining its second place. With an 18% market share, they compete with one of many big electrical automobile producers, Tata Motors, and with different main corporations. For comparability, MG’s month-to-month income for August was 15% decrease than in July.
Mahindra
Mahindra and Mahindra delivered solely 377 models and likewise held third place in August with a market share of 6%. In comparison with July and August gross sales, one in every of India’s favourite electrical automobile producers has seen progress, however they nonetheless have to work tougher to compete with different massive gamers like Tata. Motors and MG Motors. On the identical time, it maintains its market share within the third place.
Hyundai and Citroen
Citroen (PCA Cars) dropped to fifth place forward of Hyundai Motors. It offered 110 models and gained a 3% market share. Though Citroën has a market share of three%, greater than Hyundai India, gross sales in August are nonetheless 49% decrease than the earlier month. Hyundai Motors jumped from sixth place in July and took 4th place within the rankings. It offered 182 models and achieved glorious outcomes with a 2% market share.
A couple of phrases to conclude
There was a comparatively constructive enhance in gross sales in August 2023. Along with the launch of fairly a number of electrical four-wheelers throughout this month and within the months to return. It’s due to this fact seemingly that we’ll see higher gross sales progress within the months to return. There could also be loads of modifications that can be caused to the positions of the businesses as a results of this.
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