Top 10 EV manufacturers in India: TATA Motors, Mahindra Electric, Okinawa, and more

With the government’s aim to go fully electric by 2030, several brands have come up in the electric vehicle segment in India. Their aim is to make EVs more affordable, reliable, and perfect alternatives to ICE. These EV brands include the likes of TATA Motors and Mahindra, which are household names in the country, as well as newcomers such as Ather Energy and Okinawa. More brands such as Maruti Suzuki, Yamaha, and Honda are also expected to join the bandwagon soon. Until then, here’s a quick look at some of the top electric vehicle companies excelling across two-wheeler and four-wheeler segments in India right now:

Top 10 EV manufacturers in India

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Tata Motors

Tata Motors was one of the first automotive brands in India to hop onto the electric vehicle bandwagon. It was quick in assessing the EV space way before the competition and currently enjoys a slight first-mover advantage. Tigor EV was the manufacturer’s first electric vehicle for personal buyers which came at a hefty price in 2019. This particular car accounted for 95 percent of total electric car sales in February 2022. Apart from that, the Ziptron technology at the helm of Tata electric cars ensures the smooth performance of the battery and motor for the long term. It also allows Tata to easily offer EV versions of its existing ICE cars such as Tigor and Nexon.

TATA Motors EVs in India

• TATA Nexon EV Max
• TATA Nexon EV
• TATA Tigor EV
• TATA Tiago EV

Hyundai

Hyundai started its electric vehicle campaign in India with the launch of the Kona SUV in 2019. At the time, it was one of the first foreign brands to come up with an electric car for the Indian market despite the segment being at its early stages. After properly analysing the Indian EV market and factoring in various aspects, the South Korean car manufacturer is said to launch 6 new electric cars across various price points by 2028. It plans on making this possible with its sister brand, Kia Motors where both companies will share resources and target different kinds of audiences in the market.

Hyundai EVs in India

• Hyundai Kona Electric

MG

British automotive company MG (Morris Garage) has been impressive in India’s EV market. Per a report, the company is the best EV OEM in the country, after TATA, with 8.32 percent market share. This is creditable, given that MG has only a single EV on sale versus TATA’s two. Looking at the considerable demand for its EV, the OEM is aiming to expand its portfolio. MG has plans to bring its entry-level electric car to India early next year. Dubbed the MG Air EV, it is expected to compete against TATA’s most affordable electric car Tiago EV in the country.  

MG EVs in India

• MG ZS EV

Hero Electric

Hero Electric currently holds the topmost position in the electric two-wheeler segment. As it’s been a well-known brand in the industry for over 14 years, consumers have built a sense of faith and trust. This of course goes in hand with the increased awareness of electric vehicles in India. That said, Hero Electric is able to sell thousands of electric two-wheelers every month with record-high sales. It aims to manufacture over 1 million EVs by 2025 whilst expanding its plant and charging stations. Currently, the brand has 2000 charging stations across the country with 20,000 more in the pipeline which will make it much easier for its customers to quickly charge their two-wheelers at various standpoints. Hero Electric’s lineup of e-scooters includes Optima HX, Photon HX, NYX HX, Flash LX and Atria LX. Its sales figure shows the company has sold over 46,260 units of electric scooters in 2021.

Hero EVs in India

• Hero Eddy
• Hero Electric Photon HX
• Hero Electric NYX HX
• Hero Electric Optima LX
• Hero Electric Flash LX
• Hero Electric Atria LX
• Velocity

Ola Electric

Ola Electric Mobility, a division of Ola cabs has taken the market by storm with its Ola S1 and Ola S1 Pro electric scooters. The company’s electric two-wheeler manufacturing takes place in its 500-acre automated factory in the Krishnagiri district of Tamil Nadu. Currently, Ola produces 1000 electric scooters and claims to become the largest two-wheeler brand in the world with an annual production of 10 million units in the coming years. The S1 and S1 Pro e-scooters have been able to gain all the limelight due to the high-end features such as keyless ignition, large boot space, external charging port and loads of smart features accessible via the large LED display. Both these scooters are also able to provide impressive performance outputs.

Ola EVs in India

• Ola S1 Air
• Ola S1
• Ola S1 Pro

Ather Energy

Ather Energy is the maker of India’s first smart electric scooter called S340. Launched in 2016, the scooter brought in never seen features on a two-wheeler such as a capacitive touch screen, user-based profiles and even an app to control various settings of the e-scooter. Being an avid player in the EV space, Ather has managed to build its charging infrastructure across 21+ cities and 220 locations in India, called Ather Grid. It currently manufactures two electric scooters, namely Ather 450X and Ather 450 Plus, with both of them boasting features like reverse assist, a high-end suspension system and tons of smart features such as Bluetooth connectivity and monthly riding stats. Ather Energy has received several investments from Hero MotoCorp in the past couple of years, which itself is a forefront player in the two-wheeler automotive sector.

Ather Energy EVs in India

• Ather 450x Gen 3
• Ather 450x
• Ather 450 Plus

Mahindra Electric

Mahindra Electric Mobility Limited is an electric vehicle venture under the Mahindra Group. The company has several EVs in its portfolio including commercial, personal and passenger vehicles. Being a prominent player in the automotive sector for a couple of decades just like Tata Motors, Mahindra Electric has made fast progress by quickly understanding the need for electricity-run vehicles and taking action accordingly. Its history can be dated back to 2001 with the launch of the Mahindra Reva, which is considered to be one of the world’s first electric cars that even sold in international markets such as the United Kingdom, Germany, France etc. As of today, apart from building cars such as eVerito, eSupro, Treo Zor and e2o plus, Mahindra Electric also focuses on the manufacturing of batteries and improving the EV infrastructure in the country.

Mahindra Electric EVs in India

• Mahindra eVerito
• Mahindra e2o plus
• Mahindra eSupro
• Mahindra Treo
• Mahindra eAlfa mini

TVS

TVS is also among the best EV manufacturer in the country. The domestic two-wheeler company was quick to realise the potential of EVs in the country and launched the iQube electric scooter back in 2020. The e-scooter got a positive reception among buyers, and TVS didn’t wait long to refresh it with better range and performance earlier this year. Per the TOI report, analysts believe that TVS Motor Company is expected to sell over 1,00,000 E2Ws in FY22-23, which can go up to 1,50,000 units in FY24. Overall, the E2W industry has the potential to sell between 700 to 8,00,000 vehicles in the current fiscal year. Which would further help TVS maintain its double-digit growth.

TVS electric scooters in India

• TVS iQube
• TVS iQube S
• TVS iQube ST

Okinawa

Okinawa is a popular electric two-wheeler brand among youngsters. The Gurugram-based company founded in 2015 makes sporty-looking e-scooters that are often associated with speed and performance. As of February 2022, Okinawa held the second position among the top two-wheeler brands in India. It has been able to capture a good chunk of the market share by providing two-wheelers in various price brackets which gives it a competitive edge. It manufactures its vehicles in a plant situated at Bhiwadi, Rajasthan which is responsible for the production and supply of six electric two-wheelers in its portfolio such as Okinawa R30, Ridge Plus, Praise, i-Praise, and OKHI-90 which will directly rival the feature-packed Ola S1 Pro. As for sales, Okinawa sold a total of 29,945 units in 2021 and in January 2022 alone it sold 11,536 units of electric two-wheelers.

Okinawa EVs in India

• Okinawa Dual
• Okinawa Okhi-90
• Okinawa Lite
• Okinawa iPraise+
• Okinawa PraisePro
• Okinawa Ridge+
• Okinawa R30

Ampere EVs

Ampere Vehicles is currently the third largest two-wheeler EV brand in the country as of February 2022. Founded in 2008, the company was initially into supplying vehicles for the differently-abled on a government contract basis. After years of innovation, it came up with the V60 electric scooter in 2010 and later on introduced indigenized charger and IQ battery. Over the years, it has backed several investments from personalities like Shri Ratan N Tata. It currently has four electric scooters in its fleet namely Magnus EX, Magnus, Zeal EX and Reo Plus all ranging from Rs 45,000 to Rs 80,000. As for sales, the company has managed to sell a total of 4303 units in February 2022.

Ampere EVs in India

• Ampere Magnus EX
• Ampere Magnus
• Ampere Zeal EX
• Ampere Reo Plus