India EV Market Trend Update 2024-Nov/ 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 (November 2024)
2-Wheelers: OLA (29,196 units), TVS (26,974 units), Bajaj (26,164 units), Ather (12,751 units), Hero (7,309 units)
4-Wheelers: TATA (4,191 units), MG Motor (3,137 units), Mahindra (549 units), BYD (326 units), BMW (94 units)
Recent News (November 2024)
Mahindra's Crash Test: Mahindra conducted India's first EV crash test with the XEV 9e.
OLA's Market Share: OLA's market share dropped to 24.54% in November 2024.
Government Policy Expansion: The government plans to expand EV policies to include existing automakers.
Honda's New EV Models: Honda launched its first EV 2-wheelers, Activa E and QC1.
JSW's EV Brand: JSW plans to launch its own EV brand.
Delhi's EV Policy Extension: Delhi extended its EV policy until March 2025 due to rising pollution.
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