India EV Market Trend Update 2024-Dec/ English
In recent years, the EV market in India has been growing, supported by government policies. Not only startups but also major companies are entering this promising market.
This report provides a monthly update on the rapidly growing EV market in India.
Sales Figures for FY24
E-2 Wheelers: 944,126 units
E-3 Wheelers: 632,485 units
E-4 Wheelers: 90,432 units
E-Buses: 3,693 units
Top EV Brands (December 2024)
2-Wheelers: Bajaj (21,389 units), TVS (18,764 units), Ather (11,808 units), OLA (8,647 units), Ampere (3,700 units)
4-Wheelers: TATA (3,812 units), MG Motor (3,271 units), Hyundai (738 units), Mahindra (424 units), BYD (254 units)
Recent News (December 2024)
Tesla's Entry: Tesla plans to open its first showroom in India in April 2025.
OLA's New Model: OLA will start delivering the Roadster X series in mid-March 2025.
New Government Policy: A new EV policy to support Tesla's entry is expected to be announced.
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