The Indian electrical automobile market has been experiencing vital development, with 2024 marking key milestones. Notably, whereas the electrical four-wheeler (E4W) phase continued to broaden, December 2024 noticed a slight dip in gross sales, illustrating the market’s dynamic nature.
Tata Motors has maintained its place because the chief within the electrical four-wheeler market all through December, adopted by MG Motors and Mahindra. Let’s discover the highest 10 authentic tools producers (OEMs) within the electrical four-wheeler sector for December 2024.
### High 10 Electrical Automotive Corporations in December Gross sales Information 2024
| Firm | Nov Gross sales | Dec Gross sales | MoM Development (%) |
|————————|———–|———–|—————–|
| Tata Motors | 4,374 | 4,037 | -7.7 |
| MG Motor India | 3,627 | 3,421 | -5.68 |
| Mahindra & Mahindra | 575 | 383 | -33.39 |
| BYD India | 140 | 221 | 57.86 |
| BMW India | 116 | 110 | -5.17 |
| Hyundai Motor India | 114 | 90 | -21.05 |
| Mercedes-Benz | 104 | 96 | -7.69 |
| PCA India (Citroen) | 82 | 77 | -6.1 |
| Kia India | 41 | 43 | 4.88 |
| Volvo Auto India | 32 | 47 | 46.88 |
#### Tata Motors
Tata Motors continued to carry the highest place within the electrical four-wheeler market as of December 2024. The corporate reported a lower in retail gross sales, dropping to 4,037 models from 4,374 in November, resulting in a month-over-month decline of seven.7% and a market share of 47.36%.
#### MG Motors
Whereas MG Motors couldn’t surpass Tata Motors this month, it maintained its second place within the rankings. The corporate offered 3,421 electrical four-wheelers, reflecting a slight drop from the three,627 models offered in November. Its month-on-month decline stands at 5.68%, with a market share of 39.68%.
#### Mahindra and Mahindra
Mahindra and Mahindra held onto its third place in December 2024. The corporate reported gross sales of 383 electrical autos, considerably down from 575 models in November. This led to a considerable month-on-month decline of 33.39%, leading to a market share of 5.39%.
#### BYD India Pvt Ltd
BYD maintained the fourth spot on the leaderboard, promoting 221 models in December. Notably, BYD was the one model to exhibit optimistic month-on-month development this month, with a major enhance from 140 models offered in November, showcasing a 57.86% development fee. BYD now holds a 2.03% market share.
#### BMW
BMW jumped to the fifth place in December’s rankings, reporting gross sales of 110 models, down from 116 in November. This interprets to a month-on-month decline of 5.17% and a market share of 1.27%.
### Remaining Ideas
In December 2024, Tata Motors and MG Motors collectively dominated the Indian electrical four-wheeler phase with a mixed market share exceeding 86%. BYD India and Volvo Auto India confirmed optimistic development regardless of many others encountering declines. The general lower in month-on-month gross sales amongst main manufacturers suggests a possible market slowdown or modifications in shopper preferences.
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