AUTO PUNDITZ

Electric Passenger Vehicle Sales in India for H1 2022

H1-2022 registered highest ever half-yearly Battery Electric Vehicle sales of 20,440 units. June 2022 is the all-time best sales month with 4,451 units. Tata Motors command 92% Indian BEV market share. Tata Nexon EV is best selling product followed by Tata Tigor EV.


Battery Electric Vehicle market

  • June 2022 reached to an all-time high sales of 4,451 units

  • H1-2022 witnessed record BEV sales of 20,440 units

  • BEV market share shot up to 1.1% total PV sales in India

Body style Mix

  • SUV/Crossover body styled products command 73% share

  • Improved Tata Tigor EV launched in H2-2021 scaled sedan share to 27%


Manufacturer

  • Tata Motors command 92% market share followed by MG Motors 6%, rest are fringe players as of now

Product-wise Analysis

Tata Nexon EV (Local production with imported battery cell)

  • With larger battery pack Nexon EV Max introduced recently took the finally tally to an all-time high of 3,070 units

  • Tata Motors sold 13,280 Nexon EV in H1-2022

  • Nexon EV command 65% market share in H1-2022

Tata Tigor EV (Local production with imported battery cell)

  • With improved battery and motor, sales of Tigor EV sales grew since August 2022

  • Sales growth is due to improved product with right value proposition

  • Sales of Tigor EV just doubled since last half-yearly sales

  • Tigor EV now commands 27% market share

MG ZS EV (CKD)

  • After facelift, CKD MG ZS EV sales settled around 300 units per month

  • ZS EV lost considerable volume and market share during facelift transition in early 2022

Hyundai Kona (CKD), Mahindra eVerito (Local) & KIA EV6 (CBU)

  • Both the products have miniscule share in growing Indian BEV market

  • Kia EV6 wholesale stands at 16 units in H1 2022