AUTO PUNDITZ
  • Team Auto Punditz

Tata Nexon EV becomes India's Best Selling EV within its first year of launch!

Tata Nexon EV recorded sales of 2,244 units in FY2021 and emerged as the best-selling EV with a Market Share of 64%.

Electric Car Sales in India between April to December 2020 and YoY comparo

The BEV (Battery Electric Vehicle) segment recorded a growth of 131% YoY between Apr-Dec'20 v/s Apr-Dec'19 period. The New Entrants - Nexon & eZS emerged to be the segment bestsellers owing to a better value proposition and impressive range. Also the erstwhile segment leaders - Tigor & Verito sales saw a significant dip and can say that they just got obsolete?

Nexon EV now commands a lion's share in the BEV segment

· Tata Motors has garnered 71% of BEV (Battery Electric Vehicle) passenger car market with Nexon and Tigor BEV.

· Mahindra once a pioneer in the BEV passenger vehicle is not even a fringe player now.

· MG too is playing its card quite well with the right product choice (Crossover) and secured 25% market share

· BEV party has started now only, and in next 5 years, any newcomer will not be a late entrant

· In fact, in this nascent stage, every newcomer with the successful product will be the market, thyself