After taking command over Tata Group, Noel Tata keeps Ratan Tata’s favorite company at No.1, Tata Motors remain top electric…

Even after the death of Ratan Tata, after his brother took over the ownership of Tata Group, Tata Motors remained the top electric vehicle seller with 61,496 units sold in 2024.

India’s electric vehicle (EV) market experienced robust growth in 2024, with electric car sales rising by 20% to nearly 100,000 units, compared to 82,688 units sold in 2023. The rise was fueled by competitive pricing, new model launches, and improved government incentives, marking a significant step forward in the country’s EV adoption journey.

Tata Motors Dominating EV Market

Tata Motors retained its top position in the EV segment, selling 61,496 units in 2024 compared to 60,100 units in 2023. Despite this increase, Tata’s market share fell from 73% to 62%, reflecting intensifying competition. Tata’s diverse electric lineup, including the Nexon EV, Tiago EV, and Tigor EV, continued to drive sales, and the company plans to expand further with electric versions of the Harrier, Safari, and Sierra SUVs in 2025.

Tata Motors Global Wholesales Up 1%

Tata Motors on Thursday reported a 1 per cent rise at 3,41,791 units in group global wholesales, including that of British arm JLR, in the third quarter ended December 2024.

Global wholesales of Tata Motors passenger vehicles, including electric vehicles, in Q3 FY25 were 1,39,829 units, higher by 1 per cent compared to Q3 FY24, Tata Motors said in a regulatory filing.

For Jaguar Land Rover, global wholesales excluding that of CJLR — a joint venture between JLR and Chery Automobiles in China, stood at 1,04,427 units, up 3 per cent compared to the year-ago period, it added.

Jaguar wholesales for the quarter were 5,604 units, while Land Rover wholesales for the quarter were 98,823 units, the company said.

The global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY25 were 97,535 units, down 1 percent from the third quarter of FY24, the filing said.

JSW MG Motor: A Year of Transformation

JSW MG Motor emerged as a key player, recording a 125% surge in sales, from 9,526 units in 2023 to 21,484 units in 2024. The company credited this growth to the launch of its flagship Windsor SUV and an innovative battery rental option, which made EV ownership more accessible.

Both Tata Motors and JSW MG Motor implemented price cuts in 2024, making EVs more attractive to a broader audience. Government incentives, along with initiatives to develop fast-charging networks, also played a crucial role in boosting demand.

(With inputs from PTI)