EV market shift: Chinese-backed brands grab one-third share; Tata-Mahindra retain lead
Chinese-owned automakers are rapidly gaining market share in India's electric passenger vehicle segment, now holding nearly a third of the market. Brands like BYD, MG Motor, and Volvo are attracting buyers with advanced technology and competitive pricing, challenging established Indian players. This surge indicates a growing interest from more Chinese EV manufacturers in the Indian market.
Chinese-owned automakers are rapidly gaining market share in India's electric passenger vehicle segment, now holding nearly a third of the market. Brands like BYD, MG Motor, and Volvo are attracting buyers with advanced technology and competitive pricing, challenging established Indian players. This surge indicates a growing interest from more Chinese EV manufacturers in the Indian market.
