Top 4 ‘affordable’ electric cars in Indian auto market

Tata Motors has the most number of, and the most affordable EVs in the mass-market segment. The other notable players are MG and Hyundai.
By : HT Auto Desk
| Updated on: 13 Jul 2022, 16:23 PM
Tata Motors continues to lead the electric four-wheeler segment with more than 70 percent market share thanks to Nexon EV and Tigor EV.
Tata Motors continues to lead the electric four-wheeler segment with more than 70 percent market share thanks to Nexon EV and Tigor EV.
Tata Motors continues to lead the electric four-wheeler segment with more than 70 percent market share thanks to Nexon EV and Tigor EV.
Tata Motors continues to lead the electric four-wheeler segment with more than 70 percent market share thanks to Nexon EV and Tigor EV.

The Indian electric car may still be quite small when compared to western markets but there is a shift afoot with more and more manufacturers either expanding presence or introducing debut, battery-powered models. While almost every luxury car maker here has at least one EV on offer, the mass-market EV segment is firmly controlled by Tata Motors with the Nexon EV fast emerging as a common sight on roads.

Tata Motors sold 6,952 units of Nexon EV in the April to June quarter of this year and the battery-powered model has a 74.88 per cent share in the company's overall EV sales at present. The other EV models sold by the company include Tigor EV which too has received a largely positive response from the market - 2,332 units were sold in the quarter ending June, and Nexon EV Max.

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The mass-market EV space, however, is also gradually witnessing expanding options with MG Motors recently updating its ZS EV and looking at offering a more affordable battery-powered car come 2023. Hyundai also has the Kona EV in its portfolio.

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Both the ZS EV and Kona are more expensive than any of the EVs offered by Tata Motors at present although both also claim to be more premium. The new generation ZS EV, which was launched in India recently, found 250 homes last month. The carmaker has achieved an increase of 145 per cent in terms of sales of its EVs. In June last year, MG had sold only 102 units of the electric SUV.

Hyundai though is stuttering with Kona sales with just seven units of the EV sold all of last month.

It is important to note here that monthly sales of Tata Motors' EVs is not available.

First Published Date: 04 Jul 2022, 11:20 AM IST
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