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