Chinese EV makers gearing up to challenge Tata Motors’ dominance in India

Tata Motors, which dominates the electric passenger vehicles space in India with a market share of around 85 per cent, is likely to face challenges this year from two Chinese companies looking to acquire one-third of the domestic EV market, The Financial Express reported on Tuesday.

The Chinese-owned British brand MG Motor and China’s biggest EV maker BYD are ramping up their operations to dent the Indian giant’s dominance in the emerging sector.

The FE report said that MG Motor is targeting sales of 20,000-24,000 EVs this year and MG is set to launch a budget EV, expected to be priced in the range of Rs 10-15 lakh this year, followed by a refurbished ZS EV.