India's EV Market Heats Up: JSW MG Surges, Tesla Enters
The Indian electric vehicle (EV) market is heating up, with major players like Tata Motors, Hyundai Motor India, Mahindra & Mahindra, JSW MG, Maruti Suzuki, and Hyundai leading the charge. Let's delve into the recent developments and trends in this burgeoning sector.
In 2025, a significant shift occurred in the Indian EV market. JSW MG Motor, a joint venture between MG Motor and JSW Group, surged ahead to become the second-largest EV manufacturer in India. With around 61,000 vehicles sold in 2024, the company more than tripled its sales from 2019, when it sold a mere 16,500 units. This remarkable growth propelled it past competitors like Hyundai and Maruti Suzuki.
As we look ahead, the Indian EV market promises to be an exciting space to watch. With established players like Tata Motors and Mahindra & Mahindra leading the way, and new entrants like Tesla and potential disruptors like Volkswagen and Skoda on the horizon, the stage is set for a dynamic and competitive landscape. The increasing EV registrations indicate a strong and growing demand for sustainable transportation options in India.
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