Tata Motors Getting Tricky Pageant in Ev Marketplace, Marketplace Percentage Declining, Mg Motor, Tesla

The Sales of Electric Vehicle (EV) of Tata Motors, one of the large automobile companies, have declined in the current financial year. Along with this, there has been a decrease in the company’s market share in this market. The collision from companies like MG Motor is a big reason behind this. In February, EV sales of Tata Motors declined by about 23 percent to 5,343 units on a year-by-year basis.

In this financial year, the sales of EV in the country and international market of the company are about 12 percent to about 58,293 units. According to an estimate, Tata Motors’ stake in this market is reduced to about 56 percent. Tata Motors’ EV Manufacturing Unit Tata.Ev has become more than two lakh units. Tata.ev’s portfolio includes punch Ev, Tiago Ev Tigor Ev and CurvV EV. The company also plans to launch the EV version of the Harrier. With a view to increasing charging facility for customers, the company has extended the free charging benefit at Tata Power’s charging stations for six months. Free installation of 7.2 kw AC fast home charger has also been offered by the company.

The sale of MG Motor has increased rapidly in the EV segment. The market share of MG Motor is about 28 percent. In February, the company sold around 3,800 EVs. The company’s retail sales have increased by 16.3 percent. EV holds about 78 percent stake in it. The company’s Windsor EV has received good response from customers. MG Motor also plans to launch some new models in the EV segment.

The company’s EV portfolio consists of COMET EV, Windsor EV and ZS EV. The company has helped to increase the stake in this segment from the Windsor EV. The manufacturing of this electric crossover last month exceeded 15,000 units. It is being manufactured in MG Motor’s Halol factory in Gujarat. MG Motor had told that he is getting about 200 bookings per day for Windsor EV. To fulfill its increasing demand, the company has also prepared to increase the capacity of its factory.