The Indian electrical car (EV) trade has been experiencing vital progress, notably within the electrical four-wheeler section, which confirmed exceptional progress in March 2025, indicating a rising acceptance of EVs within the nation.
In accordance with Vahan Knowledge, retail gross sales of electrical four-wheelers reached notable figures, with year-on-year (YoY) progress noticed. March marked a considerable surge in gross sales, making it a profitable month for main EV producers.
Main the market are Tata Motors and MG Motor India, which account for a big share of whole gross sales. Different producers like Hyundai, Mahindra, and BYD demonstrated spectacular year-on-year and month-on-month progress, highlighting a broader pattern in direction of electrical mobility.
Prime 10 Electrical Automotive Corporations in March 2025 | EV Gross sales Report
Listed below are the highest ten authentic tools producers (OEMs) within the electrical four-wheeler section for March 2025:
OEMs | MAR’24 | FEB’25 | MAR’25 | YoY Change% | MoM Change% |
---|---|---|---|---|---|
TATA PASSENGER ELECTRIC MOBILITY LTD | 7,184 | 3,980 | 4,710 | -34% | 18% |
MG MOTOR INDIA PVT LTD | 1,173 | 3,440 | 3,889 | 232% | 13% |
MAHINDRA & MAHINDRA LIMITED | 692 | 498 | 1,944 | 181% | 290% |
HYUNDAI MOTOR INDIA LTD | 153 | 766 | 849 | 455% | 11% |
BYD INDIA PRIVATE LIMITED | 144 | 267 | 396 | 175% | 48% |
BMW INDIA PVT LTD | 74 | 236 | 250 | 238% | 6% |
MERCEDES-BENZ | 53 | 69 | 170 | 221% | 146% |
PCA AUTOMOBILES INDIA PVT LTD | 178 | 60 | 46 | -74% | -23% |
VOLVO AUTO INDIA PVT LTD | 51 | 23 | 24 | -10% | 4% |
KIA INDIA PRIVATE LIMITED | 31 | 21 | 24 | -29% | 14% |
Supply: Vahan Dashboard
Highlights from the Main Manufacturers:
1. Tata Motors
Tata Motors maintained its place because the market chief within the electrical four-wheeler sector, attaining gross sales of 4,710 models in March 2025, reflecting an 18% month-on-month (MoM) progress in comparison with February’s figures. Nonetheless, on a YoY foundation, gross sales skilled a 34% drop resulting from rising competitors.
2. MG Motor India
Securing the second place, MG Motor India offered 3,889 models in March 2025, representing a formidable 232% YoY improve from March 2024. The model additionally famous a 13% MoM rise, pushed by aggressive market methods and new mannequin launches.
3. Mahindra & Mahindra
Mahindra & Mahindra noticed exceptional progress, with 1,944 electrical autos offered in March, marking a 181% YoY improve and a staggering 290% MoM rise. The corporate is quickly carving a distinct segment within the EV market with its increasing lineup of electrical SUVs.
4. Hyundai Motor India
Hyundai reported promoting 849 electrical autos in March, which denotes a 455% YoY progress and an 11% MoM improve. The agency’s dedication to EV innovation and a various product lineup have contributed to this success.
5. BYD India
BYD India continued to advance, recording gross sales of 396 models, which signifies a 175% YoY progress and a 48% MoM rise. This regular improve suggests rising shopper confidence in BYD’s electrical choices.
6. BMW India
BMW India reported gross sales of 250 models, demonstrating a 238% YoY progress and a 6% MoM improve. The posh model continues to draw premium electrical car consumers in India.
7. Mercedes-Benz
With 170 EV gross sales in March 2025, Mercedes-Benz noticed a 221% YoY rise, alongside a considerable 146% MoM progress, highlighting a restoration of their market efficiency.
8. PCA Vehicles (Citroën)
PCA Vehicles struggled, promoting solely 46 models, reflecting a 74% YoY decline and a 23% MoM drop, indicating a necessity for a stronger EV technique.
9. Volvo Auto India
Volvo managed to promote 24 models in March, exhibiting a ten% YoY lower however a 4% MoM improve, sustaining its presence within the luxurious EV section.
10. Kia India
Kia offered 24 models in March 2025, marking a 29% YoY lower however a 14% MoM improve, suggesting the necessity for a strategic reassessment to higher compete within the evolving market.
Closing Ideas
The electrical four-wheeler market in India is navigating dynamic modifications. Whereas Tata Motors and MG Motor India maintain vital market shares, Mahindra, Hyundai, and BYD are gaining traction with excellent progress. Regardless of Tata’s main place, the year-on-year decline highlights the intensifying competitors and rising gamers within the sector. The EV market panorama is poised for additional evolution within the coming months, pushed by new entrants and shifting shopper preferences.