Penetration of electric vehicles growing across segments in auto industry | News

Electric vehicle penetration is on the rise in the auto industry, with Hero MotoCorp’s EV sales accounting for 0.74% of total sales and Bajaj Auto’s share increasing from 4.04% to 8.32% in 2024. Mahindra leads the passenger 3W market with 96.75% EV penetration, while Bajaj’s share grew from 1.21% to 7.7%. Tata Motors also saw a slight increase in EV reach among PVs, rising from 2.27% to 2.39%.

Full Article