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India's EV market to grow 66% in 2024, likely to represent nearly one-third of PV sales by 2030
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Tata Motors, M&M & more: Big players of India's EV market With a strong portfolio and strategic tie-up with Uber, Tata Motors held more than two-thirds of the country’s EV market in 2023 but lost some share to Mahindra & Mahindra (M&M) and BYD. Recording a 2,476 per cent increase with just one model in its portfolio, M&M was the fastest-growing brand in 2023, followed by BYD and MG Motor, according to the report.
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