Electric Car Sales January 2024: Tata Motors (EV) Leads With 60.0% Share
Every electric car registered in India in January 2024, brand by brand: volumes, market share inside the segment, month-on-month and year-on-year change, and who gained or lost share.
How January went
India registered 7,497 electric cars in January 2024.
Electric cars were 1.9% of every car registered in January 2024.
Monthly electric car registrations, 2024–2026
One line per calendar year. A month still filling is left off the line.
Electric Car market share, January 2024
Tata Motors (EV) led the month with 4,501 registrations — 60.0% of the electric car market — ahead of MG Motor on 1,283 (17.1%), a gap of 3,218 units.
The top three hold 87.8% of the segment; 17 manufacturers registered at least one electric car.
Top 10 electric car makers, January 2024
Electric car registrations only — every other vehicle type these companies make is excluded.
Share is of every electric car registered in the month. MoM and YoY compare each maker's own volume; the last column is its change in share of the segment.
| # | Manufacturer | Jan 2024 | Share | MoM | YoY | Share vs Jan 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 4,501 | 60.0% | — | — | — |
| 2 | MG Motor | 1,283 | 17.1% | — | — | — |
| 3 | Mahindra | 798 | 10.6% | — | — | — |
| 4 | Tata Motors (PV) | 184 | 2.5% | — | — | — |
| 5 | Hyundai | 179 | 2.4% | — | — | — |
| 6 | BMW India | 163 | 2.2% | — | — | — |
| 7 | Byd India | 142 | 1.9% | — | — | — |
| 8 | Mercedes-Benz | 71 | 0.9% | — | — | — |
| 9 | Volvo | 60 | 0.8% | — | — | — |
| 10 | Kia India | 40 | 0.5% | — | — | — |
| 11 | Stellantis Automobiles India | 33 | 0.4% | — | — | — |
| 12 | Audi Ag | 15 | 0.2% | — | — | — |
| 13 | Porsche Ag Germany | 11 | 0.1% | — | — | — |
| 14 | Byd Auto | 11 | 0.1% | — | — | — |
| 15 | Tata Motors | 4 | 0.1% | — | — | — |
| All others (2 makers) | 2 | 0.0% |
Exact: Vahan's maker x month table filtered to battery-electric fuels (PURE EV, ELECTRIC(BOV)) and the segment's vehicle classes — not a company total multiplied by anything.
Who is gaining
Monthly share of the electric car market for the six largest makers this month, over the last 15 completed months.
Electric Car market share by month
Share of the segment each month, in per cent.
Market share, 2024 to January
The same table over 2024 to January, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 4,501 | 60.04% | — | — |
| 2 | MG Motor | 1,283 | 17.11% | — | — |
| 3 | Mahindra | 798 | 10.64% | — | — |
| 4 | Tata Motors (PV) | 184 | 2.45% | — | — |
| 5 | Hyundai | 179 | 2.39% | — | — |
| 6 | BMW India | 163 | 2.17% | — | — |
| 7 | Byd India | 142 | 1.89% | — | — |
| 8 | Mercedes-Benz | 71 | 0.95% | — | — |
| 9 | Volvo | 60 | 0.80% | — | — |
| 10 | Kia India | 40 | 0.53% | — | — |
| 11 | Stellantis Automobiles India | 33 | 0.44% | — | — |
| 12 | Audi Ag | 15 | 0.20% | — | — |
| 13 | Porsche Ag Germany | 11 | 0.15% | — | — |
| 14 | Byd Auto | 11 | 0.15% | — | — |
| 15 | Tata Motors | 4 | 0.05% | — | — |
How electric are cars?
The battery-electric share of all cars registered each month — the adoption curve behind the brand race above.
EV share of cars by month
Battery-electric registrations as a per cent of the whole segment.
How electric is each car maker?
Every car maker's January 2024 volume, split into battery-electric and everything else (petrol, diesel, CNG and hybrid). Leave the EVs out and Maruti Suzuki leads the non-electric cars market with 42.1%.
Among the established makers, MG Motor has gone furthest: 26.6% of its cars were electric.
| # | Manufacturer | All cars | Electric | Non-EV | EV share of its sales | Share of non-EV market |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki | 1,60,939 | 0 | 1,60,939 | 0.0% | 42.1% |
| 2 | Tata Motors (PV) | 54,819 | 4,685 | 50,134 | 8.5% | 13.1% |
| 3 | Hyundai | 53,839 | 179 | 53,660 | 0.3% | 14.0% |
| 4 | Mahindra | 42,446 | 798 | 41,648 | 1.9% | 10.9% |
| 5 | Kia India | 20,310 | 40 | 20,270 | 0.2% | 5.3% |
| 6 | Toyota Kirloskar | 20,221 | 0 | 20,221 | 0.0% | 5.3% |
| 7 | Honda Cars | 9,722 | 0 | 9,722 | 0.0% | 2.5% |
| 8 | Skoda | 9,712 | 0 | 9,712 | 0.0% | 2.5% |
| 9 | MG Motor | 4,822 | 1,283 | 3,539 | 26.6% | 0.9% |
| 10 | Renault India | 4,146 | 0 | 4,146 | 0.0% | 1.1% |
| 11 | Nissan India | 2,824 | 0 | 2,824 | 0.0% | 0.7% |
| 12 | Mercedes-Benz | 1,554 | 0 | 1,554 | 0.0% | 0.4% |
| 13 | BMW India | 1,493 | 163 | 1,330 | 10.9% | 0.3% |
| 14 | Stellantis Automobiles India | 816 | 33 | 783 | 4.0% | 0.2% |
| 15 | Stellantis India | 536 | 0 | 536 | 0.0% | 0.1% |
All cars: Vahan maker x month for the segment's vehicle classes, every fuel. Electric: the same table, battery-electric fuels only. Non-EV is the difference — petrol, diesel, CNG and hybrid. EV arms filed as separate makers are counted with their parent: Tata Motors (EV) with Tata Motors (PV).
Where they sell
Maharashtra registered the most electric cars in January 2024 — 1,129, 15.1% of the national total. Kerala (914) and Karnataka (843) followed.
| # | State | Units | Share | YoY |
|---|---|---|---|---|
| 1 | Maharashtra | 1,129 | 15.1% | — |
| 2 | Kerala | 914 | 12.2% | — |
| 3 | Karnataka | 843 | 11.2% | — |
| 4 | Tamil Nadu | 594 | 7.9% | — |
| 5 | Delhi | 565 | 7.5% | — |
| 6 | Gujarat | 493 | 6.6% | — |
| 7 | Rajasthan | 489 | 6.5% | — |
| 8 | Uttar Pradesh | 467 | 6.2% | — |
| 9 | Telangana | 466 | 6.2% | — |
| 10 | Haryana | 236 | 3.1% | — |
| 11 | Madhya Pradesh | 204 | 2.7% | — |
| 12 | West Bengal | 174 | 2.3% | — |
Frequently asked questions
How many electric cars were sold in India in January 2024?
Which company sold the most electric cars in January 2024?
What is the electric car market share of each brand?
What share of cars sold in India are electric?
Which state buys the most electric cars?
How are these numbers measured?
Electric Car sales, earlier months
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
