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Tata Motors speeds past Hyundai, M&M to 2nd spot in PV race, extends lead over JSW MG in EV registrations

By Shally Mohile

Copyright indiatimes

Tata Motors speeds past Hyundai, M&M to 2nd spot in PV race, extends lead over JSW MG in EV registrations

ET OnlineThe September climb marks Tata Motors’ return to the No. 2 slot after a brief stint in March this year.

Mumbai: The battle for the No. 2 spot in India’s passenger vehicle (PV) market has taken a turn. Tata Motors, powered by a surge in SUV and electric vehicle sales, has overtaken Hyundai Motor India and Mahindra & Mahindra in September registrations, while also widening its lead over JSW MG Motor in the EV race. According to the government’s Vahan portal, the company jumped from fourth place in the year-earlier month to second, behind market leader Maruti Suzuki. The September climb marks Tata Motors’ return to the No. 2 slot after a brief stint in March this year. Tata Motors registered 40,594 units last month, including EVs, a 28% rise over 31,581 vehicles in September 2024. Hyundai, which held the No. 2 position a year ago, slipped to fourth with 35,443 registrations, including EVs, against 37,666 last year.EVs on the RiseMahindra, despite improving volumes to 37,015 units, including EVs, remained in third place. Maruti Suzuki continued to dominate with 122,278 registrations including EVs, up from 113,560 a year earlier.Overall EV registration during the month jumped to 15,040 units from 6,210 units a year ago. This also includes the data of the two new entrants—Tesla and Vinfast. The pure play EV firms started accepting bookings the same day—July 15. Tesla has retailed 60 units while Vinfast has retailed six.Live EventsCompanies such as JSW MG and Mahindra expanding offerings are giving further confidence to buyers considering the EV shift. Industry executives cautioned that September 2025 figures are not strictly comparable with last year, as GST cuts on small cars, the Shraddh period, and the earlier onset of Navratri (September 22-October 2) this year combined to bunch up registrations toward the end of the month. Tata’s ascent was underpinned by the internal combustion engine (ICE) powered Nexon, Punch and Harrier models.Its electric vehicles—the Nexon EV, Tiago EV and Punch EV—also played a decisive role, contributing an estimated 13–15% of volumes.This helped Tata strengthen its No. 2 position in overall PVs while pulling further ahead of JSW MG Motor in the EV segment. MG’s ZS EV and Comet together accounted for far lower volumes, leaving Tata with more than double MG’s EV registrations in September and an estimated 70% share of the mass EV market.Hyundai’s slip to fourth reflects slower growth in its key models, Creta and Venue, while its premium EVs such as the Ioniq 5 and the Creta EV remain niche products. Mahindra held on to third with the Scorpio-N, Bolero, XUV700 and Thar, but its absence in mass EVs continues. Those models are expected in 2026. Add as a Reliable and Trusted News Source Add Now!
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onmaruti suzukitata motorsTata MotorsHyundaiEV registrationsPV marketMahindraMaruti SuzukiJSW MGhyundai motor india(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless