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Electric and Hybrid Vehicle Sales Analysis for Q2 2023!


  • Battery Electric Vehicles (BEV) sales reached an all-time high level of 26,794 units in Q2-2023, which is 2.7% of total PV sales.

  • Strong-hybrid vehicle sales dropped to 14,399 units as Toyota dropped production despite having a strong order backlog.

  • Combined sales of strong-hybrids and BEVs dropped to 4.1%, from 4.3% in Q1-2023.

  • Tata and Toyota continue to dominate the BEV and strong-hybrid EV markets with 71% and 69%, respectively.

  • Tata Tiago EV is the best-selling BEV product, and Toyota Innova Hycross is the best-selling strong-hybrid EV in Q2 2023.


Battery EV (BEV) sales overtook Strong-hybrid EV (HEV) sales in Q2-2023 as Toyota dropped production of HEVs despite having a strong order backlog. Combined sales of BEV and HEV dropped to 4.1% from 4.3% in Q1-2023 in the Indian passenger vehicle market, with each contributing 2.7% and 1.4%, respectively.

BEV sales touched a new level of 26,749 units in Q2-2023, due to the introduction of a new product by MG and continued sales momentum from Tata.


  • As the BEV market expands with new products from rivals - Tata's market share has fallen to 71%.

  • MG has been doing consistent numbers, as BYD and Citroen’s dispatch dropped in Q2-2023.

  • Toyota continues to lead HEV sales with a drop in share due to less production and dispatch.

  • Maruti comes next, and Honda’s sales have less traction due to higher pricing.

Body style

The introduction of the MG Comet increased hatchback share in the BEV segment to 49%, and SUVs are next at 39%. Currently, the HEV segment is limited by UV-dominated body styles.


  • The Tata Tiago EV was the best-selling BEV in Q2-2023.

  • Amid production constraints on Tata BEVs, Tata seems to have shifted production from Nexon EV to Tiago EV.

  • Deliveries of the Mahindra XUV400 were flat, and deliveries of the Citoren eC3 dropped in Q2-2023.

  • The BYD Atto3 average monthly sales dropped to 137 units in Q2-2023 from 288 in Q1-2023.

  • The Innova Hycross was the best-selling HEV in Q2-2023, followed by Maruti’s Grand Vitara.


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