Passenger EV retail falls 4% as supply crunch hits sales
In short
Passenger EV retail fell 4% because of supply problems at Tata Motors and a sharp drop at Vinfast. Mahindra and MG gained market share.
At the same time, the overall passenger vehicle market grew 15%. The report does not say how many EVs were sold or when the supply issue will ease.
What the reporting says
Passenger EV retail dipped 4% amid supply constraints at Tata Motors and a sharp fall at Vinfast, while Mahindra and MG gained market share. The reporting says the broader passenger vehicle market grew 15%, highlighting a mixed market backdrop for electric models. It does not provide the full retail totals or say how long the supply crunch may last.
Why it matters
Passenger EV retail declined 4% as supply constraints at Tata Motors and a steep drop at Vinfast weighed on registrations, while Mahindra and MG gained share. The broader passenger vehicle market still grew 15%, showing that the weakness was specific to the EV segment rather than the whole auto market. The source does not give exact sales volumes or the duration of the supply issue.