EV sales zoom 20% to nearly 1L units in 2024 on price cuts

Quick Summary:

Electric car sales surged by 20% in 2024, with around one lakh units sold, thanks to price cuts despite concerns over charging infrastructure and battery longevity.

Tata Motors led the market, followed by JSW MG Motor.

Maruti Suzuki and Hyundai plan to enter the EV market this year, anticipating further growth through new model launches.

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Article Details

Author / Journalist: Pankaj Doval

Category: EconomyBusiness

Markets: IndiaCanada

Topics: Tata Motors EV Electric car price cuts EV sales 2024 Electric vehicles JSW MG Motor sales Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 06:35:05 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 866 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24967482

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