Prøv GOLD - Gratis
Tata Motors' EV Sales Slump in Feb, 9th Time in 11 Months
Mint Chennai
|March 04, 2025
Automaker blames the slide on the withdrawal of a government incentive
Tata Motors Ltd's electric vehicle (EV) sales have been on a downhill slide so far this fiscal, with sales of nine out of 11 months settling below their FY24 numbers, accompanied by a significant drop in market share. While the country's top EV maker blames the withdrawal of a government incentive for the slide, analysts point to rising competition weaning away buyers.
In February, the Mumbai-based company's EV sales declined 23% from the year-ago period—from 6,923 units in February 2024 to 5,343 units last month. In FY25 so far (April 2024 to February 2025), Tata Motors' EV sales have slid 12% year-on-year to 58,293 units in the domestic and international markets.
Denne historie er fra March 04, 2025-udgaven af Mint Chennai.
Abonner på Magzter GOLD for at få adgang til tusindvis af udvalgte premiumhistorier og 10.000+ magasiner og aviser.
Allerede abonnent? Log ind
FLERE HISTORIER FRA Mint Chennai
Mint Chennai
Passenger vehicle makers eye UK EV market via FTA
Maruti Suzuki, Mahindra, Tata looking to tap market as FTA allows some duty-free exports
1 mins
June 22, 2026
Mint Chennai
India seeks US tariff edge ahead of pact
India is seeking a competitive advantage over rival nations before rolling out a much-delayed trade agreement with the US, after both countries agreed on the initial framework.
1 min
June 22, 2026
Mint Chennai
POWER, PRINCIPLE AND THE POLITICS OF DEFECTION
Last weekend was particularly painful for Uddhav Thackeray, with six out of his 9 members of Parliament defecting.
3 mins
June 22, 2026
Mint Chennai
Russian crude makes up half of India’s oil imports in June
Rising crude imports from Russia reinforce Moscow’s position as India’s largest oil supplier
2 mins
June 22, 2026
Mint Chennai
Big Mac Index-type readings shouldn't mislead Europe
In a recent series of Substack posts, Nobel laureate economist Paul Krugman made a counterintuitive argument to support the view that Europe is not suffering any productivity decline relative to the US.
3 mins
June 22, 2026
Mint Chennai
INDIA’S BIGGEST BANK DESERVES A BETTER VALUATION: SBI CHIEF
SBI chairman C.S. Setty says the state-owned lender is better positioned from a regulatory and growth-capital perspective
7 mins
June 22, 2026
Mint Chennai
Trump warns of war with Iran amid peace talks
Iran has argued that Washington failed to meet its commitment to halt fighting in Lebanon
3 mins
June 22, 2026
Mint Chennai
India’s economic expansion will be driven by a capex supercycle
What began with government support for infrastructure is now broadening into energy, defence, manufacturing and tech
3 mins
June 22, 2026
Mint Chennai
IHG sees luxury brands and franchises as growth drivers
UK-based IHG Hotels & Resorts is accelerating its India expansion, betting on luxury brands, hotel conversions and airport-linked developments to capitalize on surging travel demand.
2 mins
June 22, 2026
Mint Chennai
Dalmia Bharat plans to raise ₹4,000 cr
Dalmia Bharat is planning to raise up to ₹4,000 crore through various instruments to support its growth plans, as it targets to expand its manufacturing capacity to 110-130 million tonnes per annum by fiscal year 2031 (FY31) through a mix of acquisitions, greenfield and brownfield projects.
1 min
June 22, 2026
Listen
Translate
Change font size