Electric Car Sales June 2024: Tata Motors (EV) Leads With 63.1% Share
Every electric car registered in India in June 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 June went
India registered 6,972 electric cars in June 2024, −9.5% on June 2023 and −10.5% on May.
Across the 6 completed months of 2024 to June, 45,554 electric cars have been registered, +22.8% on the same months of 2023.
Electric cars were 2.5% of every car registered in June 2024, against 2.6% in June 2023 (−0.1pp).
Monthly electric car registrations, 2023–2026
One line per calendar year. The dashed end of the current year is the month so far.
Electric Car market share, June 2024
Tata Motors (EV) led the month with 4,402 registrations — 63.1% of the electric car market — ahead of MG Motor on 1,510 (21.7%), a gap of 2,892 units. Tata Motors (EV) also led May.
Tata Motors (EV) has gained the most share against June 2023, +8.03pp to 63.1%; Tata Motors (PV) has lost the most, −8.97pp to 0.3%.
The top three hold 91.7% of the segment; 17 manufacturers registered at least one electric car.
Top 10 electric car makers, June 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 | Jun 2024 | Share | MoM | YoY | Share vs Jun 2023 |
|---|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 4,402 | 63.1% | −12.5% | +3.6% | +8.03pp |
| 2 | MG Motor | 1,510 | 21.7% | −3.3% | +14.8% | +4.59pp |
| 3 | Mahindra | 484 | 6.9% | −19.5% | +8.8% | +1.17pp |
| 4 | Byd India | 228 | 3.3% | +35.7% | +26.0% | +0.92pp |
| 5 | Hyundai | 64 | 0.9% | −39.0% | −65.0% | −1.46pp |
| 6 | BMW India | 58 | 0.8% | −29.3% | −49.1% | −0.65pp |
| 7 | Volvo | 49 | 0.7% | +14.0% | −14.0% | −0.04pp |
| 8 | Mercedes-Benz | 48 | 0.7% | −27.3% | +2.1% | +0.08pp |
| 9 | Stellantis Automobiles India | 35 | 0.5% | −2.8% | −87.8% | −3.21pp |
| 10 | Tata Motors (PV) | 23 | 0.3% | −25.8% | −96.8% | −8.97pp |
| 11 | Others | 22 | 0.3% | +0.0% | +450.0% | +0.26pp |
| 12 | Audi Ag | 19 | 0.3% | +137.5% | +111.1% | +0.16pp |
| 13 | Kia India | 16 | 0.2% | −27.3% | −67.3% | −0.41pp |
| 14 | Byd Auto | 5 | 0.1% | +66.7% | −88.1% | −0.47pp |
| 15 | Porsche Ag Germany | 4 | 0.1% | +33.3% | +33.3% | +0.02pp |
| All others (2 makers) | 5 | 0.1% |
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 June
The same table over 2024 to June, set against the same months of 2023.
| # | Manufacturer | Units | Share | vs 2023 | Volume YoY |
|---|---|---|---|---|---|
| 1 | Tata Motors (EV) | 29,433 | 64.61% | +41.41pp | +241.8% |
| 2 | MG Motor | 8,160 | 17.91% | +7.52pp | +111.7% |
| 3 | Mahindra | 3,927 | 8.62% | +3.76pp | +117.8% |
| 4 | Byd India | 910 | 2.00% | −0.83pp | −13.3% |
| 5 | Hyundai | 733 | 1.61% | −0.24pp | +6.5% |
| 6 | BMW India | 552 | 1.21% | −0.25pp | +1.8% |
| 7 | Tata Motors (PV) | 465 | 1.02% | −48.28pp | −97.5% |
| 8 | Mercedes-Benz | 427 | 0.94% | +0.26pp | +69.4% |
| 9 | Volvo | 293 | 0.64% | −0.07pp | +11.0% |
| 10 | Stellantis Automobiles India | 238 | 0.52% | −2.32pp | −77.4% |
| 11 | Kia India | 159 | 0.35% | −0.40pp | −42.8% |
| 12 | Audi Ag | 87 | 0.19% | +0.04pp | +55.4% |
| 13 | Others | 64 | 0.14% | +0.05pp | +100.0% |
| 14 | Porsche Ag Germany | 49 | 0.11% | +0.03pp | +81.5% |
| 15 | Byd Auto | 32 | 0.07% | −0.58pp | −86.7% |
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. The dashed end of the current year is the month so far.
How electric is each car maker?
Every car maker's June 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 38.1%.
Among the established makers, MG Motor has gone furthest: 37.5% of its cars were electric.
| # | Manufacturer | All cars | Electric | Non-EV | EV share of its sales | Share of non-EV market |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki | 1,02,336 | 0 | 1,02,336 | 0.0% | 38.1% |
| 2 | Hyundai | 39,294 | 64 | 39,230 | 0.2% | 14.6% |
| 3 | Tata Motors (PV) | 38,593 | 4,425 | 34,168 | 11.5% | 12.7% |
| 4 | Mahindra | 36,159 | 484 | 35,675 | 1.3% | 13.3% |
| 5 | Toyota Kirloskar | 18,342 | 0 | 18,342 | 0.0% | 6.8% |
| 6 | Kia India | 17,295 | 16 | 17,279 | 0.1% | 6.4% |
| 7 | Skoda | 6,063 | 0 | 6,063 | 0.0% | 2.3% |
| 8 | Honda Cars | 4,440 | 0 | 4,440 | 0.0% | 1.7% |
| 9 | MG Motor | 4,031 | 1,510 | 2,521 | 37.5% | 0.9% |
| 10 | Renault India | 3,093 | 0 | 3,093 | 0.0% | 1.2% |
| 11 | Nissan India | 1,597 | 0 | 1,597 | 0.0% | 0.6% |
| 12 | Mercedes-Benz | 1,293 | 48 | 1,245 | 3.7% | 0.5% |
| 13 | BMW India | 1,113 | 58 | 1,055 | 5.2% | 0.4% |
| 14 | Jaguar Land Rover India | 363 | 0 | 363 | 0.0% | 0.1% |
| 15 | Stellantis Automobiles India | 332 | 35 | 297 | 10.5% | 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 June 2024 — 912, 13.1% of the national total. Kerala (833) and Karnataka (779) followed.
| # | State | Units | Share | YoY |
|---|---|---|---|---|
| 1 | Maharashtra | 912 | 13.1% | −21.2% |
| 2 | Kerala | 833 | 11.9% | −9.2% |
| 3 | Karnataka | 779 | 11.2% | −20.8% |
| 4 | Andhra Pradesh | 566 | 8.1% | +253.8% |
| 5 | Tamil Nadu | 522 | 7.5% | −7.9% |
| 6 | Delhi | 508 | 7.3% | −2.7% |
| 7 | Rajasthan | 431 | 6.2% | +14.9% |
| 8 | Uttar Pradesh | 391 | 5.6% | −5.8% |
| 9 | Gujarat | 363 | 5.2% | −47.8% |
| 10 | Telangana | 333 | 4.8% | −54.9% |
| 11 | Madhya Pradesh | 197 | 2.8% | +52.7% |
| 12 | Haryana | 187 | 2.7% | +2.7% |
Frequently asked questions
How many electric cars were sold in India in June 2024?
Which company sold the most electric cars in June 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 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.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
