TaMo keeps M&M in its rearview as EV sales drive lead in PV market race

Business Standard reported that Tata Motors has kept Mahindra & Mahindra behind in the passenger vehicle market race, helped by a lead of 37,803 electric vehicle units. Mahindra's advantage in non-electric passenger vehicles is offset by that EV gap, the outlet said, and both automakers are ramping up production capacity. Passenger vehicles are cars and utility vehicles sold to buyers, as distinct from two-wheelers and commercial vehicles. Electric vehicle units here means the number of EVs sold, not revenue. The report gives no total sales figures or time period for the two companies, so the size of each one's overall lead is not clear from it.

AI summary of what Business Standard reported. AI can make mistakes. Read the full story on Business Standard