Sales-wise, August 2022 proved to be a booming month for the Indian electric vehicle market. Due to the two big festivals Onam, Ganesh Chaturthi, and numerous other festivals, it was a good month for electric vehicle manufacturers.
EV manufacturers like Tata Motors, Mahindra, and Hyundai experienced strong growth. Electric vehicle sales are improving, and problems with the supply chain have got resolved.
This article lists five top-selling electric vehicle manufacturers in India for August 2022.
Top 5 electric vehicles sold in August 2022
The Indian market for passenger electric cars is developing consistently and gradually. India sold 4,331 electric vehicles in total as of August 2022.
Tata Motors is now the top manufacturer in the passenger EV market. Tata Motors sold 3,845 electric vehicles in India in August, accounting for 88% of all sales. In India, the Tata Nexon EV is the most popular electric vehicle.
Still, Tata’s stronghold in this market may soon end as Mahindra will introduce its all-electric XUV400 electric SUV on September 8, 2022.
The Nexon EV and the XUV400 will be in the same market segment. It will be the first long-range EV car from Mahindra. The cost will be between 15 to 20 lakhs and have a range of more than 300 kilometers.
Last month, this Mumbai-based automaker sold 47,166 passenger automobiles, including ICE and EV. Besides, the company was able to sell 3,845 electric car units, representing a staggering 276% year-on-year growth. That’s Tata Motors’ second-highest EV sales total in a month, which is noteworthy.
Since Tata Motors sold 3,845 EVs in August 2022, an increase against 1,022 electric vehicles sold during the same time in 2021, on a month-over-month basis, the company seems to have recorded a slight dip in sales. Compared to the company’s best-ever EV sales of 4,022 units in July of this year, Tata’s EV sales decreased by 4.4% in August 2022 to 3,845 units.
The second-place electric vehicle for overall retail sales is MG Motor India. In August 2022, MG sold 308 MG ZS EVs in India.
MG Motors is actively working to increase the selection of electric vehicles by developing a brand-new, reasonably priced EV that will get positioned below the ZS EV. The model is anticipated to launch in the second half of 2022 and may cost between Rs 10-15 lakh (ex-showroom).
Coming in third place was Hyundai selling 67 Kona electric vehicles.
By 2025, the Hyundai Motor Group wants to add 23 new models to its EV fleet. Hyundai’s new E-GMP (Electric-Global Modular Platform) design, which will make its premiere in India with the Ioniq 5 electric crossover, will serve as the foundation for its next BEVs (battery electric cars). The business is creating an entry-level electric hatchback for the European market that will cost about 20,000 euros (approx. Rs 16.29 lakh). It might be released to replace the Hyundai i10. It will compete with the Volkswagen ID.3 electric hatch in Europe.
BYD Auto (Build Your Dreams)
Chinese manufacturer BYD sold a total of 44 E6 units. BYD’s sales will increase in September due to the company’s debut of the E6 MPV for private purchasers in India. It was previously solely accessible to fleet operators.
BYD introduced the all-electric E6 MPV for private customers in the Indian market, priced at 29.15 lakh. The EV comes in two variations, GL and GLX. It features a 71.7kWh battery, giving it a WLTC range of 415km.
Meanwhile, BYD plans to introduce the Atto 3 electric SUV in India in 2023.
The German multinational manufacturer sold 23 units in August 2022. By the end of next year, BMW anticipates that EV sales in India will have over 10% of all auto sales. Last year, in November, the group announced its plans to introduce three electric vehicles in India within six months. The company has already released the all-electric MINI SE premium hatchback and the all-electric iX SUV.
List of electric car sales for August 2022:
- 3,845 EVs: Tata Motors
- 308 EVs: MG Motor India
- 67 EVs: Hyundai Motor India
- 44 EVs: Private BYD India
- 23 EVs: BMW India Pvt Ltd
When it comes to EV range, several EV manufacturers assert that their vehicles can travel more than 500 km per charge cycle.
Remember that BYD recently surpassed Tesla in EV sales. China’s BYD Auto replaced Elon Musk’s Tesla as the best-selling EV brand globally. BYD Auto shipped more than 354,000 EVs in Q2, a 266 % YoY increase, whereas Tesla’s global sales increased 27% Year-on-Year to more than 254,000 vehicles, which was below estimates. E6 electric van has a 450 to 520 kilometers range.
Although only private purchasers can purchase this vehicle currently, the firm has stated that it is expanding operations in the Indian market and will soon compete with EVs like the Hyundai Kona and MG ZS EV. The BYD Atto 3 will launch in October.
Are EVs costly to purchase and maintain? They are if you choose a Tesla or a Volvo XC40 Recharge, but automakers like Tata Motors are constantly working to lower the price of EVs. Not to mention that the Central government and manufacturers are collaborating to decrease the mass-market EV prices each year. Because of government incentives, you can purchase electric vehicles in India for as little as Rs 12.50 lakh – Tata Tigor EV, ex-showroom. They undoubtedly cost less to operate due to fewer moving parts, such as ICE powertrain, belts, etc., and consequently less wear and tear. Hence, the cost of operating and maintaining EVs is low.
The Tata Nexon EV, the most popular electric vehicle in India, has a stated range of 312 km, but the Nexon EV Max has 437 km. These cars will undoubtedly get you through the weekly workplace commute on a single charge, even if the actual range should be less. Ultimately, the choice is yours.