Is the world in need of Electric vehicles? According to the environment pollution index,
India branded 168 out of 180 in terms of air quality, and this is one of the major reasons many countries are adapting to electric vehicles.
These electric vehicles are powered by batteries that last up to a certain range depending on the capacity.
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Types of Electric Vehicles available in the Market
The types of electric vehicles include the Battery electric vehicles which are powered by battery packs and the Plug-in hybrids which have both an electric motor and an internal combustion engine.
The last one is the Fuel cell vehicles, which split electrons to produce energy and run the motor.
One of the main reasons why the country needs to switch to electric vehicles is to save the environment and reduce the import of crude oil from the country.
Lately, the state and central governments are also keen on taking many measures and initiatives to promote the sales of electric vehicles in the country.
The government has also launched many schemes to encourage people to get electric vehicles.
Evolution of Electric vehicles through the years
With the market for electric vehicles growing rapidly, the first decision was taken in 2010 and the MNRE approved a 95 crore scheme for electric vehicle manufacturers.
The schemes by the government include the Faster adoption and manufacturing of hybrid and electric schemes - FAME and the national electric mobility mission plan of 2020.
The government has also set an aim of 100% electrification by the year 2030. Currently, the adoption rate for electric vehicles in India is 1% which is very less and super less and India is way behind in the target.
A study also indicated that India has sold just, 8000 electric vehicles in six years until October 2019.
Maharashtra also announced a subsidy of 1 lakh for electric vehicles and after this initiative, they had the highest sales volume in 2017 in any state in India.
Here is the list of Top Electric vehicles in India
1. Ather energy
This Electric vehicle company was founded by Tarun Mehta and Swapnil Jain in 2013 and is headquartered in Bangalore.
The company is backed by Hero MotoCorp Ltd and has two models of electric vehicles.
The first one is the Ather 450X which has a range of 85k, Peak power of 6 kW, and a Torque of 26 Nm.
On the other hand, the Ather 450 plus has a range of 70 km, peak power of 5.4kW, and a Torque of 22 Nm.
Ather Energy also has its production unit in Tamil Nadu and the company has a presence in 27 cities and 15 states in India.
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2. Mahindra Electric
Another Bangalore-based electric company on the list, Mahindra electric was previously known as Reva Electric Car company.
Mahindra Electric company's mission is to bring tomorrow's movement today and
They have a wide range of electric vehicles and are looking forward to increasing the range in the coming years.
Mahindra Electric is most famous for this Mahindra Reva, which is an electric car considered to be super fast and sold in countries like UK, Germany, and France.
The vehicles offered by Mahindra include:
- Mahindra eVerito
- Mahindra eSupro
- Mahindra Treo
- Mahindra Treo Zor
- Mahindra eAlfa Mini
- Mahindra e2o plus
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3. Olectra Greentech
A subsidiary of MEIL Group, the Olectra Greentech is known as India's largest ELectric bus Manufacturer. They have a manufacturing unit in Hyderabad and are also known to manufacture India's first electric bus.
Olectra Greentech also has many orders from the government to supply buses for public transport.
They have a 40% share in the electric bus market and are planning to manufacture three-wheelers and also trucks at their manufacturing unit in Hyderabad.
Their vision is to create a futuristic way of travel with environmentally friendly solutions. They want to be one of the major players in the world of electric vehicles and create a safe and comfortable travel experience.
Olectra Greentech buses include
- K6 eBus
- K7 eBus
- K9 eBus
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4. Ashok Leyland
All of us are aware that Ashok Leyland is a commercial giant and has entered the electric vehicle space and, Has started manufacturing Electric buses.
Did you know that Ashok Leyland is the 2nd largest commercial vehicle manufacturer in India and,
The 4th largest bus manufacturer in the world? Ashok Leyland also mentioned that They are working on a range of commercial electric vehicles which will be launched in 2025
Many of its electric vehicles such as the Circuit, SOLO, Metrodecker, and the Metrocity are supplied to international cities such as London and have received many contracts from the government for electric and commercial vehicles.
Ashok Leyland sold 7,561 M&HCV units in January which increased by 11% when compared to January of 2021.
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5. Okinawa
Established in 2015, Okinawa is on a mission to create electric two-wheelers that can help towards a sustainable future.
Okinawa has become very popular among youth and in 2022, Okinawa also held the second position among top two-wheelers in India.
The manufacturing units are located in Bhiwadi, Rajasthan and they have sold 29,945 two-wheelers in 2021 and 11,536 only in January 2022.
Okinawa believes in delivering Smart, stylish, comfortable, and energy-efficient two-wheelers which are also affordable and have an eco-friendly technology.
The range of Okinawa electric vehicles in India
- Okinawa Dual
- Okinawa Okhi-90
- Okinawa Lite
- Okinawa iPraise+
- Okinawa PraisePro
- Okinawa Ridge+
- Okinawa R30
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6. Ampere
Founded in 2008, Ampere has a passion to revolutionise everyday transport, and Ampere is known to design vehicles that power India through New Age Energy.
The first Ampere Electric vehicle was introduced in 2010 which was a V60 electric scooter, And then they also introduced the indigenized charger and IQ battery.
The Magnus-EX was launched in 2021 October and, Ampere also launched a new experience centre in Ranipet, Tamil Nadu.
Ampere has over 120000 customers and the Electric vehicles have driven over 960 million kms.
Range of Ampere Electric vehicles in India
- Ampere Magnus EX
- Ampere Magnus
- Ampere Zeal EX
- Ampere Reo Plus
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7. Verge Motors
Verge motors is a Company that creates Electric scooters and has a unique combination of functionality and design.
They are also building India's first hybrid electric scooters which have future-proof technology and help the riders experience fast, flexible, and efficient rides.
They are also among the first companies to create a parallel hybrid electric powertrain,
That has an internal combustion engine and an electric motor. Verge motors also are known to have an affordable range of scooters in the Indian Market. Verge motors also have a working prototype that delivers 100 lm per litre per charge in Hybrid mode.
Verge motos have been developing prototypes since 2015 and have made immense progress and now are focused on an aesthetically pleasing design for the country's youth.
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8. Lush Motors
A private company incorporated in December of 2016, lush motors are involved in manufacturing parts and accessories for motor vehicles.
Lush motors are known for the Lush L1 which is the first smart Urban Mobility vehicle that was designed by them.
This vehicle has an eco-friendly 2 seats and a unique design which is a crossover between a scooter and a car.
This 2-seater vehicle is powered by a lithium Ion Battery with BMS which helps in more Mileage.
This vehicle took 5 years of research and development and is a complete make-in-India product.
This vehicle is known to improve the environment locally through zero emissions and energy efficiency.
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9. Kia Motors
The Subsidiary of Kia, Kia Private Limited started its operations in India in 2017 and has a manufacturing facility in Andhra Pradesh.
Kia firmly believes that Eco-friendly vehicles are going to play a vital role in the future and are ready for its consumers to shift from Petrol to electricity.
Kia motors rank second place in the global green car market in 2017 and are taking centre stage across the board.
The Ray EV in 2011 and the Soul EV in 2014 were among the first electric vehicles launched by Kia and have undergone upgrades every year.
They are developing a high voltage fast charger for the vehicles to help boost the proliferation of electric vehicles.
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10. Kabira Mobility
Founded in 2017, Kabira Mobility is an Indian electric vehicle company that made its debut in 2020 at Indian Auto Expo.
With a manufacturing unit in Goa and Dharwad, they manufacture two-wheelers and, the unit has a capacity of 10,000 units in Goa and 8,000 units in Dharwad,
They are known to work on 100% renewable energy infrastructure and have 4426 scooters on the road today.
The range of Kabria scooters are
- College
- Kollegio plus
- New college
- Intercity Aeolus
- Intercity Neo
- Aetos
- Hermes
The electric range is
- KM3000
- KM4000
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Conclusion
These were some leading companies in India that are currently manufacturing electric vehicles.
Other Automobile manufacturers like Hyundai, BMW, tata motors, ola electric, and revolt motors have also launched many electric vehicles in India.
Tesla is also working on launching electric vehicles in India and is already collaborating with the Indian Government and has open units in Bangalore.
The electric vehicle market in India is fast developing and tata motors is one of the leading companies in India. They are one of the first companies to develop a fully electric vehicle.
Other companies like JBM Auto, Mahindra electric mobility, and Ola electric, are producing electric vehicles along with many start-ups.
Another main reason India is way behind sales in electric vehicles is the cost of these vehicles. The batteries alone cost around 30-40% of the total cost of the vehicles.
Suzuki, TOSHIBA, and DENSO are in a joint venture to produce lithium batteries in India. Other companies such as Exide industries, Amara Raja Batteries, and Li energy also produce batteries.
The government is focusing more on the sales and development of electric vehicles and is working to encourage more people to purchase electric vehicles.
Frequently Asked Questions
1. Which Indian Company is investing in electric vehicles?
Tata Motors, Eicher Motors, Bajaj Auto, TVS Motors, Greaves cotton, Exide Industries, Tata Power, Ashok Leyland, Hero MotoCorp, and Mahindra and Mahindra are among the top companies investing in Electric vehicles.
Gujarat Fluorochemicals, Neogen Chemicals, a,, Suprajit Engineering, Fiem Industries, IOC, Reliance Industries, NTPC, Power Grid, Tata Chemicals are some other companies investing in Electric vehicles.
2. What are the best EV Charging stocks?
Delta electronic is the top and leading EV charging manufacturer in India and they have many charging equipment such as the DC quick charger and the AC EV charger.
Tata Power, BPCL, Reliance Industries, NTPC, Indian oil corporation, and Powergrid corporation are some of the best EV charging stocks in India.
Tesla, Ford, and LI AUto are the top-rated charging stocks in the world.
3. What is the future of EVs in India?
India is fast growing in the electric vehicle sector as the Indian government has introduced a lot of schemes for people to purchase more electric vehicles.
India also plans to manufacture 10 million electric vehicles every year and wants to collaborate with the electric vehicle revolution to introduce more vehicles by 2030.
4. Why are electric cars expensive in India?
Lithium batteries in vehicles are very expensive costing around 30-40% of the vehicles and many people hesitate to purchase electric vehicles as,They cannot afford to replace the batteries often at such a huge price. Another factor is the small-scale production which makes the total cost of the electric vehicle too high.
5. Which company produces electric vehicles in India?
JBM Auto, Olectra Greentech, Ola Electric Mobility, Ashok Leyland Electric, Hyundai, Hero Electric, Menza Motors, Kia motors, Ather energy, and Tata Motors are among some top companies that produce electric vehicles in India.
Reference link: https://tradebrains.in/top-electric-vehicle-companies-india/
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