Investec has shared key insights on Indian auto sector trends for the first fortnight of February, highlighting shifts in market share across electric and internal combustion engine (ICE) segments.
In the electric two-wheeler (E-2W) segment, Bajaj Auto has regained market leadership, while Ola’s market share declined by 700 basis points (bps) month-on-month (MoM). In the internal combustion engine (ICE) two-wheeler category, TVS gained market share, while Hero MotoCorp saw an increase in rural markets.
Bajaj Auto, however, witnessed a 110 bps decline in year-to-date (YTD) FY25 market share.
In the electric four-wheeler (E-4) segment, Tata Motors lost 600 bps market share, ceding its top position to MG Motor for the first time. Meanwhile, in the ICE four-wheeler (ICE-4) segment, Mahindra & Mahindra (M&M) and Maruti Suzuki expanded their market shares by 170 bps and 160 bps, respectively, bringing their total shares to 14% and 44% for YTD FY25.
Tata Motors’ market share in the ICE segment also fell by 330 bps to 8.2%, further reflecting challenges for the automaker in both electric and conventional vehicle markets.
Disclaimer: The views expressed are those of the brokerage firm and not of Business Upturn. Investors are advised to conduct their own due diligence before making any investment decisions.