EV Sales continue to consolidate in the 18k-20k range. Retail sales grew 9% MoM and 67% YoY
Launch of XEV 9S, Sierra, and eVitara should bring the next push in EV sales
Brand-by-brand sales trend
Mass Market OEMs
Tata - Nexon and Harrier continue to push Tata sales. Tata needs to revisit Cruvv because it is struggling to generate volume.
MG - Windsor continues to be the best-selling EV in the country. But MG should come up with another launch; the market is ripe for it
Mahindra - Had best month till date with all variants deliveries in full swing
Kia - They overtook Hyundai with a more expensive car, just because they are the only affordable 7-seater EV option in the country
Hyundai - They are struggling, and they need to revisit the prices of the Creta. It is a competent car.
Vinfast - They are doing well, given the fact that these are all organic sales
Premium Market OEMs
BYD continues to do steady volumes for their price point.
BMW iX1 continues to sell well, but they are losing a bit of steam.
Tesla volumes dropped MoM, I think it is because they have showrooms only in Delhi and Mumbai.
Mercedes, Volvo, and Audi continue to struggle.
About the Author
Ankush - Ferrari Rules
Ankush, known publicly as Ferrari Rules, is an automotive data analyst with nearly two decades of experience as an IT professional. He applies his technology and analytical background to India’s rapidly changing passenger-vehicle market, using registration data to explain shifts across electric, hybrid, CNG, petrol and diesel vehicles. His work focuses particularly on model performance, variant preferences and manufacturer strategy.
Ankush - Ferrari Rules
Ankush, known publicly as Ferrari Rules, is an automotive data analyst with nearly two decades of experience as an IT professional. He applies his technology and analytical background to India’s rapidly changing passenger-vehicle market, using registration data to explain shifts across electric, hybrid, CNG, petrol and diesel vehicles. His work focuses particularly on model performance, variant preferences and manufacturer strategy.