Electric Vehicle Manufacturers In India: Top EV Manufacturing Companies (2023)

Since the beginning of the new millennium, many breathtaking technologies have evolved. Electric vehicles' manufacturing is one of them.

If you live anywhere close to Delhi, you need no further explanation; the air pollution is at its best. So, India, recently, has been very proactive as per as pollution control is concerned. The central government has launched schemes such as 'National Electric Mobility Mission Plan, 2020' and 'Go electric campaign' to promote electric vehicles. In the recently concluded COP26 of the UNFCCC at Glasgow, Mr. Narendra Modi has pledged 'net-zero' by 2070. It means that India will take all the steps necessary to keep Carbon emission under control in the upcoming years. And usage of electric vehicles is an important step in this way.

Why should you buy an electric vehicle?

• Petroleum and gas are limited. We can't use them forever. Anyway, they will be costly in the upcoming days.
• To contribute to the reduction of air pollution.
• To promote renewable energy.
• They come with ultra-modern designs and features. So, it's an attractive deal, environmentally sustainable, and cost-effective.
• The Government of India provides incentives for the purchase of electric vehicles under the Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) scheme. So, it is the right time!

Well, now you must be thinking of buying one. Then let's jump in and know more. Here are the top electric vehicles manufacturers in India:

• Tata Motors
• Hero Electric
• Mahindra Electric
• Ola Electric Mobility
• MG Motors
• Hyundai
• Ashok Leyland
• Ultraviolette Automotive
• Revolt Motors
• Tesla India

1. Tata Motors

Tata Group has been a pioneer in every possible kind of sector since the inception of the industrial revolution in India. How could it have stayed away from this crucial transitional phase in automobile manufacturing? Recently, it has come up with two models of electric cars. Nexon EV and Tigor EV:

• They are manufactured with the help of Ziptron Technology.
• The market price starts at 11.99 lakhs.
• More than thirty digital features.
• Full charge of the battery in under an hour.
• Instant pick up ; 0-60 kmph in 6 seconds and 0-100 kmph in 10 seconds.

2. Hero Electric

A part of the Hero Group, it has been a front-runner in the manufacture of electric scooters. Besides its ER series, E2 series, E5 series, etc., it is also associated with the production of electric three-wheelers. Already popular among the people across India, it has around 3 lakh customers. Some of the latest editions are discussed in the following table:

3. Mahindra Electric

For a really long period, Mahindra has been a leading car manufacturer in India. The popularity of Scorpio has been insane since anyone can remember, besides other models like Bolero, Xylo, XUV 300, Marazzo, Thar, etc.

Now Mahindra has entered into this electric vehicles' revolution in the most diverse way possible. Cars, vans, three-wheelers, and two-wheelers; all of them are released by Mahindra.

4. Ola Electric Mobility

Founded in 2017, it is a wholly owned subsidiary of ANI Technology. Based in Bangalore, it has its manufacturing plant in Tamilnadu. Ola will make full benefits of its wide market range because of its established cabs and bikes services.

• It has come off with two models of scooters Ola S1 and S1 pro.
• Price starts at 99,999 rupees
• Instant pick up: 0-40 kmph in 3 second
• Every possible digital feature is available with it.
• 181 km per full charge.
• It is available in 10 stunning colours.

Also read: 5 EV Battery Manufacturers In India

Ola future factory:

• With an annual production capacity of 10M, it can produce around 15% of global two-wheeler capacity.
• The basic aim is to manufacture as much material as possible.
• Covering a massive area of 500 acres, around 3000 robots run it.

Ola hypercharger:

• To ensure effective services of the electric scooters, it has installed over 1 lakh charging units across 400 cities.
• Yearly Ola charge cost is estimated to be around 4,000 rupees instead of 15,000 to 20,000 rupees based on the current price of petrol.

Also Read: E-Scooter Manufacturers In India

5. MG Motors

One of the latest additions to the car market in India, Morris Garage specialises in making stylish cars in a reasonable price range. Recently, it has launched MG ZS EV 2021, an electric car that represents power and passion.

• It has a battery capacity of 44.5 kWh
• Estimated driving range is 419 km per charge.
• Acceleration of 0-100 kmph in 8.5 seconds.
• It's believed to be strategically placed against Hyundai KONA Electric.

6. Hyundai

This carmaker has started its luck in the electric vehicles revolution. It recently launched KONA Electric, a versatile and powerful model of an electric vehicle. Major highlights are:

• India’s First All-Electric SUV.
• Up to 452 km driving range per full charge.
• 0-100 kmph acceleration in less than 10 seconds.
• Up to 8 years warranty for battery.

7. Ashok Leyland

Ashok Leyland, the fourth-largest bus maker in the world, has a large market base in India for trucks, buses, and vans. To address the severe pollution of Delhi and to ensure excellent commutation, it jumped into the electric bus system.

• It launched its first electric bus Circuit in 2016 and Circuit S at the 2018 Delhi Auto Expo.
• The company claims that its electric buses are designed for Indian conditions and has tied up with Sun Mobility to enhance its expertise in the electric vehicle domain.
• It is determined to introduce battery swapping in electric buses to address e-mobility needs in the country.

8. Ultraviolette Automotive

Backed up by TVS Motors, it's a Bengaluru-based startup founded in 2015. It's expected to produce some of the finest sporty and stylish electric bikes

• It has a production capacity of 10,000 units per annum.
• It is planning to set up charging facilities in all the major places starting from Bengaluru.
• Its first bike - F77 - is ready to be launched in 2022. With no gearbox and no clutch, it's set to put the roads on fire with a maximum speed of 142kmph.

9. Revolt Motors

It is set to bring up 1st AI-enabled bikes in India with the help of Rattan India.

• Revolt Motors has already started with RV300 and RV400 in Pune, Delhi, Hyderabad, Chennai, and Ahmedabad.
• These bikes are using a swappable battery system and a subscription-based pricing model.

10. Tesla India

Founded in Jan 2021 in Bangalore, it's a subsidiary of Tesla Inc. It is set to launch various variants of expensive and hi-tech electric cars in India.

• Although it's yet to enter the market, it already promises a lot because of the popularity of its already running products in the USA and other countries.
• Mr. Musk has been an ardent ambassador of advanced technology. The craze of Elon Musk is high amongst the technocratic youth of the country.
• A stand-off between Tesla and the Union Government is going on due to some clearance issues. Once it's sorted out, it's expected to release four luxurious cars named Model 3, Model S, Model X and Model Y in the upcoming days.

India in Limelight:

India already has a low HDI, a massive population, moderate literacy, and high unemployment. It can not add 'pollution' to its list of problems.

Besides environmental safety, there is a different angle to be looked at as per this emerging technology is concerned. China was the leading manufacturer of electric vehicles due to its large lithium reserves. But after this COVID saga, the rest of the world has lost trust in China. So, India has a golden chance to rule this market. Automobile giants are trying their best to get it going. With big companies like Tesla coming here, the future seems lucrative.

Also Read:

1) Medical Equipments Manufacturers In India
2) LED Light Manufacturers In India
3) Lithium Battery Manufacturers In India
4) Cosmetic Manufacturers In India
5) Manufacturing Companies In India
6) E Rickshaw Manufacturers in India

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FAQs on EV Manufacturers

Q. Why is there so much talk about electric vehicles?

Ans. To bring down the overall temperature by 1.5°C and to control the ever-growing air pollution, the whole world is looking for every possible measure. Physical mobility has become essential, and humanity is acquainted to automobiles. But around 27% of pollution is caused by vehicles. So, the only solution is to change into vehicles run by electricity.

Q. Is India ready for it?

Ans. Recent government policies certainly suggest that India is ready for the manufacture, production, and use of electric vehicles.

Q. Are Indians ready to adopt?

Ans. A class of people, who understand the environment, are more than ready to shift. Some are tired of the ever-increasing price of petrol and diesel. Still, a lot of awareness is required. But with diverse products and better infrastructure, people will certainly be attracted.

Q. What is the most important material required for electric vehicles manufacturers?

Ans. Among other things, the unique aspect is that of the batteries. Lithium is the most sought-after material. Nickel, Cobalt, Graphite are also required.

Q. What are the main challenges of these electric automotive industries in India?

Ans. India doesn't have sufficient reserves of raw materials. So import cost is a problem. Infrastructure development is needed on a fast track basis to meet the requirements of electric vehicles. Public awareness is essential for business sustainability.