Jan-2025 NewsLetter

Mahindra & Mahindra launched premium SUVs, BE 6e and
XUV 9e, with ranges exceeding 600 km per charge

MARKET GROWTH

Massive Sales Surge: India sold approximately 1.9 million electric vehicles in 2024, marking a significant growth compared to previous years.

Electric Two-Wheelers Leading the Way: Two-wheelers
dominate the market, accounting for over 70% of EV sales. Brands like Ola Electric, TVS, Bajaj and Ather Energy are key players.

Luxury Car Buyers Opt for EVs: 5% of Mercedes-Benz’s sales in India were electric, reflecting a growing preference among luxury car buyers.

INDUSTRY DEVELOPMENTS

Affordable EVs by Indian Brands: Tata Motors solidified its leadership in the EV space with new models like the Tata Nexon EV Facelift and an affordable Tata Punch EV.

Mahindra’s EV Expansion: Mahindra & Mahindra launched premium SUVs, such as the BE 6e and XUV 9e, with ranges exceeding 500 km per charge.

JSW Steel Enters the EV Market: JSW Steel announced its foray into EV manufacturing with plans to build its first models in 2025.

INFRASTRUCTURE AND POLICY

Rapid Charging Infrastructure Growth: India added 15,000 new EV charging stations in 2024, bringing the total to over 50,000 stations nationwide.

Government Push for EVs: The FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme disbursed ₹10,000 crores in subsidies, encouraging EV adoption.

30% EV Target by 2030: Government policies are aimed at ensuring 30% of new vehicle sales are electric by the end of this decade.

CONSUMER TRENDS

Battery Subscription Models: MG Motor introduced battery subscription plans to reduce the upfront cost of owning an EV.

Hybrids Gaining Traction: Hybrid EVs became a popular alternative in regions with limited charging infrastructure.

Rural Adoption: EV penetration in rural India saw significant growth, driven by affordable electric two-wheelers.

ENVIRONMENTAL IMPACT

Reduced Emissions: EV adoption in 2024
reduced India’s carbon footprint by 10
million tons, contributing to global
sustainability goals.

Renewable Energy Synergy: A growing
number of EV chargers are powered by
solar energy, particularly in urban areas.

About Us

GrowOwn provides hands-on EV training for students, professionals, and institutes. Our Electric Vehicle (EV) Course focuses on hands-on learning, EV Campus Connect helps colleges bring EV education to their students, and EV Pro Tech offers specialized training with job opportunities in the industry. These programs give you real skills and certifications to build a career in electric vehicles.

Jan-2025 NewsLetter

MARKET GROWTH

INDUSTRY DEVELOPMENTS

INFRASTRUCTURE AND POLICY

CONSUMER TRENDS

ENVIRONMENTAL IMPACT

About Us

Still Curious? Dive Deeper into the EV Industry

Join the Future of mobility –
exclusive ev tips & updates await!

Jan-2025 NewsLetter

MARKET GROWTH

INDUSTRY DEVELOPMENTS

INFRASTRUCTURE AND POLICY

CONSUMER TRENDS

ENVIRONMENTAL IMPACT

About Us

Still Curious? Dive Deeper into the EV Industry

Cygni Energy Launches India’s First LEED-Certified 4.8 GWh BESS Gigafactory in Hyderabad, Paving the Way for Sustainable Energy Innovation

Future of Electric Vehicles: How Advanced Tech Drives Up EV Chip Costs

Jeep Compass EV Spotted Testing: All-Electric SUV Gears Up for Global Launch with Two Battery Options

Join the Future of mobility – exclusive ev tips & updates await!

Join the Future of mobility –
exclusive ev tips & updates await!