MG vs Tata : While FY2025 began with a blistering pace of electric vehicle sales in the country, January 2025 was the second best month for electric vehicles after October 2024, led by Tata, Mahindra and MG. The significant part is that, with two months remaining to end on FY2025, India electric
PV sales for the first 10 months are already 93 percent of FY2024’s retails of 91,303 units. January is still in the news thanks to the Auto Expo, which saw the launch and price announcements of several EVs. The Maruti Suzuki e Vitara and Hyundai Creta Electric headlined the mass market segment as they both rival in the compact e SUV space.
Tata Motors recorded EV retails at 5,037 units in January, a decrease of 13 percent YoY (January 2024: 5,790 EVs). This means Tata has a 45 percent share in the market each month, as opposed to 68 percent in January 2024.
Now 48,565 Tata EVs sold in first 10 months of FY2025, YoY difference of -7% This equates to a 57 percent current market share versus 70 percent for April 2023-January 2024. It had clocked retails of 61,435 units, up 2 percent YoY in CY2024 and a market share of 62 percent.
Tata still boasts the largest e-PV lineup in India (by a mass-market carmaker), with the Nexon EV, Tigor EV, Tiago EV, Punch EV and Curvv EV. Its Harrier EV is due to launch in the first half of CY2025, while the Sierra EV will launch in the second half.