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3d ago

Mahindra Overtakes Tata and Hyundai in Indian Auto Market Shakeup

April 2025 sales data show Mahindra climbing to second place in India's passenger vehicle rankings, while Chinese EV makers like BYD and XPeng set new global records.

FILE - Tesla vehicles line a parking lot at the company's Fremont, Calif., factory on Sept. 18, 2023. (AP Photo/Noah Berger, file)
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin.
White House senior advisor, Tesla and SpaceX CEO Elon Musk attends a Cabinet meeting at the White House on April 30, 2025 in Washington, DC.

Overview

  • Mahindra & Mahindra surged 27.6% year-on-year with 52,330 units sold in April, becoming India's second-largest passenger vehicle manufacturer.
  • Tata Motors and Hyundai Motor India reported declines in domestic sales, with drops of 5.6% and 12% respectively, as Mahindra gained ground.
  • Globally, Chinese EV brands BYD and XPeng achieved record-breaking sales, with BYD delivering 380,089 vehicles and XPeng exceeding 35,000 deliveries for the sixth consecutive month.
  • Tesla's European sales plummeted in April, with a 74% drop in the Netherlands and similar declines across key markets like Sweden and France.
  • Polestar and Kia posted strong growth in specific regions, with Polestar achieving its best sales month in the Netherlands and Kia leading EV sales in the same market.