M&M closes in on Tata Motors as EV sales falter
Hindustan Times Gurugram|December 16, 2024
Mahindra & Mahindra (M&M) has surpassed Tata Motors as India's third-largest carmaker thrice in the second half of 2024 on new launches at a time cooling electric vehicle sales and an ageing line-up have hurt the fortunes of the Tata Group company.
Alisha Sachdev
M&M closes in on Tata Motors as EV sales falter

NEW DELHI:

In August, September, and November, Mahindra, the maker of Thar SUV (sport utility vehicle), cornered 12.64%, 12.64%, and 13.14% share of India's passenger vehicle market, respectively, showed a Mint analysis of the government's vehicle registration data compiled by Fada Research. That surpassed Tata's 12.26%, 11.53%, and 12.38%, respectively, for those months.

To be sure, overall Tata Motors is still ahead of Mahindra. Still, for a company that earlier this year was locked in a battle for the No. 2 spot with Hyundai Motor India, that marks a reversal. Tata Motors' market share, driven by the Nexon EV, peaked at just over 14% in March but its performance has since deteriorated as India's nascent electric vehicle market has been hit by a withdrawal or reduction in Central government subsidies.

Bu hikaye Hindustan Times Gurugram dergisinin December 16, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Hindustan Times Gurugram dergisinin December 16, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

HINDUSTAN TIMES GURUGRAM DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Hindustan Times Gurugram

ED raids across TN in case linked to minister

The Enforcement Directorate (ED) on Thursday conducted searches at multiple locations across Tamil Nadu as part of a fresh money-laundering probe in connection with alleged irregularities in the Tamil Nadu State Marketing Corporation, including the purported role of its minister Senthil Balaji, officials familiar with the development said.

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

A UN report finds women's rights weakened in quarter of all nations

Women's rights regressed last year in a quarter of countries around the world, according to a report published by UN Women, on Thursday, due to factors ranging from climate change to democratic backsliding.

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

What to do when the market keeps falling

Your portfolio tells a story. If the bleed is less than the market average, it's a good story, else you need to read this

time-read
4 dak  |
March 07, 2025
Hindustan Times Gurugram

Pro-Khalistan terror group member held in UP: Police

DGP Kumar said that the suspect had planned to carry out a major terror attack during the Maha Kumbh, but failed due to security checks at the event

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

EU Holds Emergency Talks on Defence, Ukraine Aid

Zelensky received warm bonhomie from most leaders—a stark contrast with the verbal lashing he got from Trump less than a week ago

time-read
2 dak  |
March 07, 2025
Hindustan Times Gurugram

Rana approaches US top court against extradition

Tahawwur Rana, one of the people behind the 26/11 terror attacks in Mumbai, has filed an emergency application in the US Supreme Court against his extradition to India, saying that being a Muslim of Pakistani origin, and a former Pakistan army officer, the likelihood of his torture in India is high, adding that he was being sent into a \"hornet's nest\".

time-read
2 dak  |
March 07, 2025
Hindustan Times Gurugram

After HC Order, Edu Min Booked Over Jadavpur Varsity Violence

West Bengal education minister Bratya Basu on Thursday was booked by the Kolkata Police in connection with last week's violence at Jadavpur University.

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

SpiceJet Hit With New Insolvency Claims From Irish Lessors, Ex-Pilot

SpiceJet Ltd has been hit with fresh insolvency claims from three Ireland-based aircraft lessors and a former pilot over defaults on rental and employment dues, just as the financially strained airline prepares to revive operations.

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

Aim To Reduce Road Accidents By 50%: Gadkari

Union minister for road transport and highways Nitin Gadkari on Thursday said the government aims to reduce road accident rates by half by 2030 and said accidents contribute to economic loss of 3% to GDP.

time-read
1 min  |
March 07, 2025
Hindustan Times Gurugram

CM steps in as Marathi debate rages in Mumbai

Political slugfest heats up

time-read
2 dak  |
March 07, 2025