| Market Capitalisation | Three-Month Returns | |
| Tata Motors (DVR Incl.) | ₹3.16 lakh crore | 37.32% |
| Maruti Suzuki | ₹3.14 lakh crore | -4.03% |
| Bajaj Auto | ₹2.15 lakh crore | 42.7% |
| Mahindra & Mahindra | ₹2.02 lakh crore | 8.61% |
| Eicher Motors | ₹1.01 lakh crore | 10.26% |
| TVS Motor Co | ₹0.94 lakh crore | 22.64% |
| Hero MotoCorp | ₹0.92 lakh crore | 47.85% |
Tata Motors is preparing to launch four more mass-market EVs by late next year. The Curvv EV is set to launch in the coming months, followed by the Harrier EV later this year. The Sierra EV and Altroz EV are slated for a 2025 release.
Shailesh Chandra, MD, Tata Passenger Electric Mobility, spoke about the brand’s EV lineup and the newly introduced Acti.EV architecture at the Punch EV launch. He stated that all upcoming passenger EVs will feature this advanced architecture.
Interestingly, Maruti's sales of small cars, such as the Alto and Baleno, have decreased by 29%. This decline is partly due to Maruti's decision to moderate wholesales. Tata Motors, on the other hand, reported an 8% growth in domestic PV sales but did not provide growth rates for different car categories.
Moreover, Maruti Suzuki, traditionally known for compact cars, has emerged as a strong contender in the SUV market, doubling its market share to 20% in 2023. Maruti Suzuki reported a year-on-year growth of 24% in domestic SUV sales and is set to debut its first-born EV SUV based on the eVX in late 2024.
The strategic launch of four SUVs in the past two years, including the Fronx, Jimny, and Grand Vitara, has significantly boosted its domestic SUV sales.
