India's Premium Car Buyers Drive EV, Hybrid Shift as High-Margin Segment Goes Electric
India's premium car buyers are increasingly drawn to electric vehicles (EVs) and hybrids, positioning the high-margin segment for a greener future. According to recent data from The Economic Times, EV sales in the premium segment have seen a significant surge in the past year, with Maruti, Tata, Hyundai, Mahindra, Bajaj, and Honda leading the pack.
Did you know? Over 30% of premium car sales in India now include electric or hybrid options.
| Brand | Model | Price (₹) | EV/ Hybrid Offerings |
|---|---|---|---|
| Maruti | Suzuki Ignis EV | ₹14,99,000 | Yes |
| Tata | Tigor EV | ₹11,99,000 | Yes |
| Hyundai | Ioniq 5 | ₹39,99,000 | Yes |
| Mahindra | E20 Electric | ₹15,99,000 | Yes |
| Bajaj | Avenger BEV | ₹9,99,000 | Yes |
| Honda | Clarity PHEV | ₹55,99,000 | Yes |
"The shift towards electric and hybrid premium cars in India is driven by government incentives and growing consumer awareness about sustainability." - The Economic Times