Want to know about the Electric Vehicles Company in India? Well you have landed on the right article.
As a result of the government's goal to electrify all vehicles by 2030, more and more electric car companies have started to spring up in India.
It is essential that electric vehicles become more reliable, more efficient, and more enjoyable alternatives to gasoline powered vehicles in the near future.
One of the few EV producers is Tata Motors, an Indian behemoth whose parent company owns Mahindra as well as upstarts like Ather Energy and Okinawa.
Several manufacturers, including Mahindra, Suzuki, Yamaha, and Honda have expressed interest in following suit in the near future.
Aside from their environmental friendliness, electric vehicles also reduce the country's dependence on gas imports, which are very costly for the country.
In order to encourage people to switch to electric cars completely, the federal government and state legislatures have developed a number of programs that are being funded to promote the electric vehicle sector. The market for electric vehicles in India is rapidly expanding.
There was a recruitment drive of electric vehicle engineers worth Rs 95 crore established by the Ministry of Natural Resources and Environment in 2010, which signified an important milestone in the development and growth of electric vehicles in the country.
Several years ago, the government set out to improve public fuel security by promoting the adoption of electric and hybrid cars as part of the "public electric adoption mission plan-2020."
It was announced in 2013, that the plan would be implemented by 2020.
FAME - Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, a program implemented by the government to encourage the adoption and manufacturing of electric vehicles, has been created as part of the public electric versatility mission plan.
As far as motorcycles are concerned, they cost between Rs. 2,000 and 20,000 and cars cost between Rs. 1.8 lakhs and Rs. 20,000.
Moreover, the organisation is also trying to enhance the infrastructure of charging in the nation in order to facilitate faster charging.
List Of Top 10 EV Manufacturers In India (2022)
Want to jump straight to my top picks? My favorite is Tata Motors and Kia Motors.
1. Tata Motors
Tata Group is the world's largest automobile manufacturer.
The company manufactures a wide range of automobiles, including cars, utility vehicles, buses, trucks, and defence vehicles.
In addition to its associate companies, Tata Daewoo and Jaguar Land Rover are some of the largest in the world for electric vehicles.
In contrast to Mahindra, Tata is a relatively new player in the electric vehicle segment.
Tata Motors, one of India's largest automobile companies, has an industrial joint venture with Fiat.
Tata has been able to leverage resources from around the world, and it focuses much of its innovation efforts on introducing auto technologies that are both sustainable and suitable.
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2. Kia Motors
The mass production system for electric vehicles has been developed by Kia Motors as a result of its commitment towards Zero Emissions.
In addition to manufacturing plug-in hybrid vehicles, Kia Motors is involved in the manufacturing of electric cars, sustainable and environmental monitoring systems, and a host of other products.
The battery is a huge lithium-ion polymer battery, and it features the most efficient motor on the market.
It also has an integrated battery charging system for domestic use as well as a functional monitor for the vehicle.
A part of KIA Motors' commitment to establish the facility in Anantapur for the manufacturing of electric vehicles, 1.6 billion dollars will be invested in the facility.
With the development of KIA MOTORS, a number of young unemployed people will be able to find work opportunities, and the first phase of electric cars is anticipated to have a launch within the fourth quarter of 2019.
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3. Mahindra Electric
Mahindra is the pioneer of EV in the Indian space.
Being the first major EV manufacturer it launched Mahindra Reva, its first EV as early as 2001. The Mahindra Reva was India’s first electric car.
Over the years Mahindra has gone ahead to set up a dedicated R&D centre in Bengaluru.
Among the other EV models produced by Mahindra, the Mahindra E20 and eVerito are examples.
The company has not only put a lot of focus on the manufacture of EVs, but also on the manufacturing of batteries and has partnered with numerous institutions to facilitate the charging of EVs.
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4. Hyundai
When Hyundai released the Hyundai Kona Electric Vehicle in India, it launched a revolution in the Indian EV market.
According to Hyundai, the Kona vehicle was specifically designed to suit Indian operating conditions.
The vehicle has a 452km range on a single charge, and this is what set it apart from the rest of the industry.
When it comes to the Indian market, this fits perfectly with the ‘Kitna Deti hai’ demand.
The Kona has a similar range to other market leaders but with a cost difference of almost 20 lakhs that makes it extremely expensive for Indian markets.
Just to put things in perspective, the Kona has a range difference of at least 100 kilometres over its rivals.
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5. Hero Electric
Since Hero Electric has been around for more than 14 years, it has established itself as the market leader in the electric two-wheeler segment.
As a result of this, people have developed a sense of trust and confidence for the brand.
Consequently, Hero Electric is now selling thousands of electric two-wheelers every month with a record number of sales, as a result of increased awareness of electric vehicles in India.
However, it is important to note that this has to do with an increased awareness of electric vehicles.
The government sector will be implementing a nationwide program encouraging the development of electricity-powered vehicles in order to meet the company's long-term goal of manufacturing more than 1 million vehicles by 2025.
It is the company's goal to provide its customers with a convenient method of charging their two-wheelers from a number of different points around the country by providing 2000 charging stations currently available in the country, with 20,000 more on the way in the near future.
There are a number of e-scooters that are available from Hero Electric, including the Optima HX, Photon HX, NYX HX, Flash LX and Atria LX.
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6. Ola Electric
This division of Ola cabs, Ola Electric Mobility, is leading the electric scooter market with the Ola S1 and Ola S1 Pro scooters.
This company is located in the Krishnagiri district of Tamil Nadu, and it is there that the company manufactures its electric two-wheelers on a 500-acre automated factory.
By the year 2025, Ola is planning to become one of the world's largest two-wheeler brands, with an annual production capacity of 10 million units.
Currently, the company produces 1000 electric scooters every year, and it intends to become one of the world's largest two-wheeler brands.
Due to the high-end features, including keyless ignition, a large boot space, external charging port, and loads of smart features accessible via the large LED display on the S1 and S1 Pro e-scooters, the S1 and S1 Pro e-scooters have been able to gain all the limelight.
In addition to providing impressive performance outputs, both scooters are also capable of offering exceptional ride quality.
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7. Ashok Leyland
Against a backdrop of increasing electric vehicle (EV) sales, Ashok Leyland published a road map of its electric vehicle (EV) plans on Wednesday.
The company says it aims to become one of the world's top 10 CV brands.
A big part of Ashok Leyland's EV strategy is to push the product through a company called Switch Mobility, a joint venture between the electric vehicle arm of Ashok Leyland and Optare, which was formerly part of Optare.
It is expected by the end of December that Switch Mobility will release its first electric light commercial vehicle (e-LCV) in India; the company has already received 2,000 orders.
As part of their plans, the group is planning on investing $150-200 million in the electric vehicle space within the next few years. These vehicles will be manufactured in India and sold under the Switch brand.
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8. Okinawa
A company founded in 2015 in Gurugram, Okinawa, is known for its fast and powerful e-scooters.
Okinawa's scooters are known for their sporty looks and impressive performance.
It is a popular brand of electric two-wheeler in the middle age group among young people.
Okinawa brand of two-wheelers was ranked second amongst India's top two-wheeler brands as of February 2022.
It has made a substantial impact on the market by selling two-wheelers in a variety of price brackets, thus helping it gain a significant share of the market share, which has helped it remain one step ahead of the competition.
Currently, it manufactures its vehicles in a plant that is located in Bhiwadi, Rajasthan,which is the site where the company manufactures and supplies six of its two-wheelers:
The Okinawa R30, the Ridge Plus, the Praise, the i-Praise, and the OKHI-90, which will directly compete with the Ola S1 Pro, a feature-packed two-wheeler with a large range of features.
There was a total of 29,945 electric two-wheelers sold in 2021 while 2011 alone has seen a total of 11,536 electric two-wheeler sales in January of 2022.
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9. Ather energy
India's first smart electric scooter, S340, is made by another company called Ather Energy.
One of the earliest scooters created by the brand was a two-wheeled scooter which featured some features never seen before on a scooter.
It includes capacitive touch screens, user profiles, as well as an application that enables the user to operate the scooter by holding down the appropriate control buttons while they are holding them down.
In order to be a factor in the rapidly expanding EV market, Ather has managed a charging infrastructure that covers 21+ cities in India and 220 charging stations across the country, called Ather Grid.
It is due to this amount of hardware that the company has been able to develop two electric scooters to date, namely the Ather 450X and the Ather 450 Plus, which are both equipped with reverse assist, advanced suspension systems, Bluetooth connectivity, and a series of smart features such as monthly ride statistics, among others.
Hero MotoCorp, which is itself a leading player in the two-wheeler industry, has invested several times in Ather Energy in the past couple of years, showing its commitment to the company.
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10. Kabira Mobility
In the year 2017, a group of skilled engineers came together to form the 'Kabira' company, an electric vehicle company based in India.
In 2020, the company will be showcasing its electric vehicle at the Indian Auto Expo.
One of the reasons Kabira is renowned is because the company manufactures electric two-wheelers.
Various Kabira vehicles are manufactured in Dharwad and Goa.
Our facilities in the land of Dharwad have a production capacity of around 8,000 units, while the production facility located at Goa has a production capacity of around 10,000 units.
We launched six scooters in 2017 and we anticipate several more to come in the years to come.
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Conclusion
I hope you liked our article on Electric Vehicles Company in India, if you have any comments or suggestions do share them in the comments below.
Here, in this piece, we have discussed the top electric vehicle companies and their drivers in India. We also have discussed several leading manufacturers in this segment, what they are currently doing, and what their prospects are for the future.
Earlier this year, the Indian government announced that by 2030 it would replace all internal combustion engines with electric vehicles.
It has been indicated in a report by Mckinsey and Company in 2017 that 40% of mobility in 2030 will be electrified and this figure will be more realistic. But although this report was made before the Pandemic, it is still relevant.
As a result, electrification in the industry is further set back for years to come, resulting in further delays.
Frequently Asked Question
Q1. How many electric car companies are there in India?
There are currently 380 manufacturers in India of electric vehicles and this number is expected to rise by the end of the year.
Q2. Who is leading EV in India?
There is no doubt that Tata Motors is leading the way in the Indian electric vehicle market.
Q3. Which company will benefit from electric cars?
The company's stock symbol is RIVN (Rivian Automotive Inc.). It will witness the highest growth in the sector.
Here are my best picks:
