Electric Cars Sales Analysis - 2021
BEV (Battery Electric Vehicle) passenger vehicle sales penetration level reached 0.5% in 2021, with 14,690 units sales. For now, the Indian BEV market is powered by battery cells made in China or South Korea, thus imported crude oil is getting replaced by imported battery cells in those vehicles.
Electric Passenger Vehicles Market Size:
BEV sales have reached 14,690 units in 2021
The industry is in a nascent stage and is experiencing growth with the addition of successful new products
BEV passenger vehicle penetration level reached to 0.5% in 2021, from 0.04% in 2018.
Manufacturer wise Electric Cars Sales
Tata Motors became the biggest BEV manufacturer in India followed by MG Motors.
However, battery cells and electric motors are still imported.
Imported crude oil is now getting replaced by battery cells in India.
Mahindra - once EV pioneer is lost in oblivion for now.
Body Style Sales Analysis
In line with the passenger vehicles sales trend in India, SUV/crossover gained significance in the BEV segment as well.
Modelwise Electric Cars Sales Trend -
Tata Nexon is the best-selling BEV in India followed by a much more expensive MG EZS. Tata Nexon EV market share reached 62% in 2021!
The new larger battery pack on Tata Tigor has helped in sales growth.
All current products are based on ICE cars, and purpose-built BEV is yet to come into the Indian PV mass market.