Electric Car sales drive past 40,000 units in H1 2024, up 21%

TorqueIndia · 1st July 2024, 13:47

Quote:

Between January 1 and June 30, 2024, retail demand for electric passenger vehicles maintained a strong double-digit growth rate and is 55% of CY2023’s 73,267 EVs. Market leader Tata Motors continues to dominate but sees its share reduce to 68% as a result of growing competition. Luxury EV makers sell 1,274 cars and SUVs for a 3% share of the market.

Sales are driven by new launches like Tata Punch, MG Comet, Mahindra XUV 400, Hyundai Ioniq 5 and BYD Seal.

Electric Car sales drive past 40,000 units in H1 2024, up 21%-13406821b732453abb46ed9efb7b9121_july1electricpvvahanh120244.jpg

From the Q4-2024 the market is going to expand with a lot of new launches- Tata CURVV, Tata HARRIER , XUV 700, Citroen C3 aircross, Maruti EVX, Hyundai CRETA and MG CLOUD to name few, everything under 30 Lakhs.

Also Kia, Honda, Jeep are working on their own EV products for India. Interesting times ahead.

Autocar PRO

r24x7 · 3rd July 2024, 16:14

I expect this trend to follow over to the future as well. There are more policies being brought in their private sector to have their fleet emission free by 2030.

For instance, my workplace has decided to allow only EV vehicles to be bought via Car lease scheme from 1st Jan 2025.

navinmra · 3rd July 2024, 19:28

Quote:

Originally Posted by r24x7

For instance, my workplace has decided to allow only EV vehicles to be bought via Car lease scheme from 1st Jan 2025.

This is very very interesting indeed. Just curious, does the company get carbon credits for doing this? Just trying to understand the rationale.

volkman10 · 4th July 2024, 19:16

EV sales drop 20% in June 2024.

Brands like Tata, Mahindra, MG Motor, Mercedes, BMW and Audi sold a total of 5,562 EVs during the month, down from 6,960 units in June 2023.

Link:

volkman10 · 6th July 2024, 19:25

EV Passenger Vehicle sales in June, manufacturer wise:

Electric Car sales drive past 40,000 units in H1 2024, up 21%-grysurkacaivs25.jpg

TorqueIndia · 6th July 2024, 23:53

2 more EV launches for 2024

1. BYD ATTO3 50KWH Variant - July 2024
2. Mahindra XUV 3XO 35KWH - Nov 2024

Quote:

Mahindra has reportedly set a monthly production target of around 1,500-1,800 units for the XUV 3XO EV.
Overall, Mahindra plans to produce approximately 12,000 units of the XUV 3XO across all its fuel types, including petrol, diesel and electric.

3XO ,700, 400 EVs will help Mahindra in Cafe norms. Currently Mahindra have no hybrid or CNG in its line up.

Autocar

TorqueIndia · 8th July 2024, 13:16

Merecedes Benz BEV sales in India grew by 60% in H1 2024.
Sold around 400-450 units in H1 2024, 5% of total sales.

Electric Car sales drive past 40,000 units in H1 2024, up 21%-gr8obm3xcaassne.jpg

Launched EQA-70KWH at 66L, EQB 7 seater now starts at 71L.
Plans to launch 2 more EVs by this year.

3rd July 2024, 16:14	#2
r24x7 BHPian Join Date: Nov 2021 Location: TN02 KA51 Posts: 249 Thanked: 479 Times	Re: Electric Car sales drive past 40,000 units in H1 2024, up 21% I expect this trend to follow over to the future as well. There are more policies being brought in their private sector to have their fleet emission free by 2030. For instance, my workplace has decided to allow only EV vehicles to be bought via Car lease scheme from 1st Jan 2025.
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4th July 2024, 19:16	#4
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 24,109 Thanked: 71,375 Times View My Garage	Re: Electric Car sales drive past 40,000 units in H1 2024, up 21% EV sales drop 20% in June 2024. Brands like Tata, Mahindra, MG Motor, Mercedes, BMW and Audi sold a total of 5,562 EVs during the month, down from 6,960 units in June 2023. Link:
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6th July 2024, 19:25	#5
volkman10 Distinguished - BHPian Join Date: Dec 2010 Location: -- Posts: 24,109 Thanked: 71,375 Times View My Garage	Re: Electric Car sales drive past 40,000 units in H1 2024, up 21% EV Passenger Vehicle sales in June, manufacturer wise:
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8th July 2024, 13:16	#7
TorqueIndia BHPian Join Date: Jul 2020 Location: Kottayam,DXB Posts: 626 Thanked: 2,890 Times Infractions: 0/1 (5)	Re: Electric Car sales drive past 40,000 units in H1 2024, up 21% Merecedes Benz BEV sales in India grew by 60% in H1 2024. Sold around 400-450 units in H1 2024, 5% of total sales. Launched EQA-70KWH at 66L, EQB 7 seater now starts at 71L. Plans to launch 2 more EVs by this year. Last edited by TorqueIndia : 8th July 2024 at 13:22.
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