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Top 10 Best Selling Electric Cars In India In 2023 Details and Stats
Here’s some of the Best Selling Electric Cars In India In 2023 and why they are a good replacement for the current ICE cars. The electric four-wheeler segment in India, experienced a noticeable decline of 13% in August 2023. Tata Motors, MG Motors, and Mahindra and Mahindra maintained their positions as the top three market leaders. Hyundai and PCA secured the fourth and fifth spots in the ranking of the top electric cars in India for 2023. The pursuit of a cleaner and greener transportation future remains a driving force in this evolving industry.
Tata’s Dominance
Tata Motors has emerged as the leader in India’s electric four-wheeler market, boasting an impressive 81 percent market share in August 2023. The company’s dominance extends even further, with an overall market share of over 85 percent in the EV segment. The Tiago EV, Tata’s latest offering, has achieved remarkable success, becoming the best-selling electric vehicle in India within just a year of its launch, with more than 19,000 units sold since deliveries commenced in January 2023. Tata Motors has the Best Selling Electric Cars in India’s electric car market.
MG Motors is not so far behind
MG Motors has secured the second position in India’s electric vehicle market, with a commendable 18 percent market share and sales of 1,146 units in August 2023. Adding to their achievements, MG Motor’s ZS EV has crossed a significant milestone, surpassing 10,000 sales in the country. This electric car, introduced in late 2019 and later updated in March 2022, has clearly found favor among Indian consumers, contributing to MG Motor’s strong performance in the EV segment. MG Motors is one of the Best Selling Electric Cars brand with a more and more customers switching to electric.
Other EV Manufacturers
In the competitive landscape of India’s EV market in August, Mahindra maintained its third position, despite delivering 377 units, securing a 6 percent market share. Meanwhile, Hyundai Motors made a significant leap from the 6th spot in July to claim the 4th position with 182 units sold and a 2 percent market share. PCA Automobiles, however, slid to the 5th position, losing out to Hyundai Motors, as it sold 110 units and captured a 3 percent market share.
Tata’s Motive and Vision
Tata Motors continues to shine brightly in India’s electric vehicle market, underscoring its unwavering commitment to quality and sustainability. With a remarkable 54.9% year-on-year growth, Tata Motors maintains its lion’s share in the E4W market, even amidst shifting market dynamics. The company’s dedication to affordable electric mobility is a significant advantage, positioning them as a dominant player in this rapidly evolving industry.
| Sr.N. | COMPANY NAME | JULY | AUGUST | MOM Growth | Market Share |
| 1. | TATA ELECTRIC | 5,427 | 4,598 | -15% | 81% |
| 2. | MG MOTOR | 1,224 | 1,146 | -6% | 18% |
| 3. | MAHINDRA | 373 | 377 | 1% | 6% |
| 4. | HYUNDAI INDIA | 114 | 182 | 60% | 2% |
| 5. | CITROEN (PCA AUTO) | 216 | 110 | -49% | 3% |
| 6. | BYD INDIA | 117 | 92 | -21% | 2% |
| 7. | BMW INDIA | 105 | 70 | -33% | 2% |
| 8. | VOLVO INDIA | 33 | 39 | 18% | 0% |
| 9. | KIA INDIA | 29 | 27 | -7% | 0% |
| 10. | AUDI AG | 9 | 13 | 44% | 0% |