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Tata Motors' EV Sales Slump in Feb, 9th Time in 11 Months
Mint Hyderabad
|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.
Dit verhaal komt uit de March 04, 2025-editie van Mint Hyderabad.
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