When it comes to travel, new technologies have emerged all over the world. These alternative transportation technologies are primarily based on electric cars, and many Indian manufacturers are turning to gain traction before the industry abruptly shifts away from traditional fossil fuels.
Indian manufacturers are trying to compete with Tesla and its later standards in electric cars. Indian investors and Indian EV stocks need to pay attention to this area.
This expansion of the Indian electric car industry is very fast, at least compared to the average time it takes the industry to gain a foothold in the market. Aside from the obvious progress, this sudden ballooning of the EV sector has left much of the unknown or just too much chaos for anyone to keep up with.
Need proof? Ask yourself – how many EV companies can you name right now? Unless you’re an avid market follower, you probably can’t name more than 10, which seems like a good number. Unless of course you know that the actual number of EV companies in India is north of hundreds.
List of EV Manufacturers in India
Wondering about which EV manufacturer is best in the Indian market? You can learn further about the best electronic vehicle manufacturers in India from this post.
Hero Electric
The Hero brand is now associated with a range of powerful electric scooters sold in the country. Here, Hero Electric is one of the leading electric scooter manufacturers in India, second only to Ola in terms of total sales in the month of April. The company sells a total of seven electric two-wheelers in India.
Three represent the range for city speed at a top speed of 45 km/h, while the other three run at 25 km/h at a top speed. This portfolio also includes an electric bicycle called Velocity.
Tata Motors
India’s largest electric car manufacturers in India. The automotive sector includes passenger cars, trucks, buses, trucks and defense vehicles. Its employees include Jaguar Land Rover and Tata Daewoo. In India, Tata Motors formed a joint venture with Fiat.
One of Tata’s key advantages is the ability to access resources from around the world. Tata’s innovative work focuses on the development of sustainable automotive technology. Tata Motors has R&D centers in India, UK, Italy and South Korea and is looking to partner with its subsidiary Tata Motors UK European Technology Center (TMETC).
Ola Electric
Ola has launched a multi-modal electric Vehicles project in Nagpur under Mission Electric and also operates electric cars for public transport in India.
The company itself also plans to launch 10,000 e-rickshaws in India and also invest in setting up EV charging stations in major cities in India. The world’s largest two-wheeler brand with an annual production of 10 million units in the coming years.
The S1 and S1 Pro e-scooters get all the light through cutting-edge features like keyless ignition, a large luggage compartment, an external charging port and many smart features accessible via a large LED display. These two scooters are also capable of delivering impressive performance outputs.
Ultraviolette Automotive
Ultraviolette Automotive is a Bengaluru-based start-up founded in 2015, makers of these premium electric motorcycles and backed by TVS Motor CO.Ltd. Ultraviolet also plans to set up a smart network of city-based billing points, starting with Bengaluru.
Ultraviolet is all set to launch the first electric bike – the F77 in 2022, the f77 has no gearbox or clutch, just turn the throttle and the electric motor will do the rest.
It has a top speed of 142 km/h and acceleration from 0-100 km/h in 7.8 s, The 138 km/h claim set by the KTM Duke-200 was beaten by the F77. Ultraviolet motorcycles are manufactured at a plant in Bengaluru, it has a production capacity of 10,000 units.
Ashok Leyland
Ashok Leyland is one of the largest bus manufacturers and the leader in the truck market in India. The company has already launched a full electric bus called Circuit in India, advanced non-plugin version of HYBUS, Electric Euro 6 Truck and announced iBUS.
Mahindra Electric
Mahindra is a pioneer of electric cars in India. As the first major electric car manufacturer, the company launched the first Mahindra Reva electric car in 2001.
The Mahindra Reva was the first electric car in India. Special R&D Center in Bangalore. Mahindra E20 and eVerito are some of the other EV options.
However, Mahindra is not only focused on the production of electric cars, but also on the production of batteries and has collaborated with various institutions to improve the charging of electric cars.
Kabira Mobility
Kabira is an Indian electric car company founded in 2017 by a group of engineers and debuted at the 2020 Indian Auto Expo. Kabira manufactures electric two-wheelers, which are manufactured at its facilities in Goa and Dharwad.
The Goa manufacturing plant has a capacity of 10,000 units and the Dharwad plant has a capacity of 8,000 units.
Kabira Mobility launched six scooters in 2017, they are:
i) College
ii) College Plus
iii) New dormitory
iv) Intercity Aeolus
v) Intercity Neo
vi) Aetos 100
vii) Hermes 75
It also has two e-bikes in its range, they are:
- 3000 KM
- 4000 KM
Verge Motors
Saumya Rout, founder of Verge Motors, created the prototype ‘VM KDH 100’ with a team of nearly 15 employees after two years of research and development. Functional prototypes have a range of almost 100 km/l, a top speed of 100 km/h, an EV range of 40 km, a switchable battery and more.
An electric scooter that not only runs on energy, but also has a fuel alternative that can be turned on with the flip of a switch! It can travel 100 kilometers per liter of fuel and has a top speed of 100 kilometers per hour.
Kia Motors
Kia Motors produces plug-in hybrid cars, EVs, sustainable and eco-friendly monitors and many other products. His pursuit of zero emissions resulted in the establishment of a mass production system for electric cars.
Produces a large lithium-ion polymer battery, the highest efficiency motor and a built-in high charging system. KIA Motors has pledged $1.6 billion to Anantapur to build its first electric car. With the growth of KIA MOTORS, unemployed young people have the prospect of employment and the launch of the first phase of electric cars is planned for the fourth quarter of 2019.
Tork Motors
Tork Motors has a similar industry situation with its Kratos electric motorcycle for sale in India. The e-bike promises to have one of the highest ranges in its class, traveling more than 180 km on a single charge. In terms of performance, it is capable of going up to 105 km/h thanks to a mid-drive electric motor with a peak output of 7.5 kW.
These are just a few of the EV companies currently operating in India. Many others including Lohia Motors, Ampere Vehicles, Oven, Odyssey and TVS manufacture electric cars in the country. Of course, there are foreign players too, which seems to make it even more interesting to bring its global EV offering to India.
Ather Energy
Athar energy is an Indian electric car company founded in 2013 with the support of Hero MotoCorp ltd, it manufactures electric scooters. The company is also building an electric charging infrastructure called Ather Grid.
Okinawa Electric
Okinawa Autotech is a renowned Indian electric bike manufacturing company that aims to contribute zero emissions to a green society and new technologies in the Indian automotive industry.
Okinawa ridge and Okinawa Praise are two scooters designed with the best technology in the price range starting at Rs. 39,990 to Rs. 1.17 lakh.
Revolt Motors
Revolt came up with India’s first electric motorcycle in the form of the Revolt RV400 and has since released an EV card for a two-wheeler with a unique offering. The e-bike is still available for booking through the company’s online store and can be owned through the interesting My Revolt plan, which requires buyers to pay only for the terms of the car.
Ampere EVs
Ampere Vehicles is now the third largest electric two-wheeler brand in the country as of February 2022. The company was founded in 2008 and initially supplies cars for people with disabilities on the basis of a government contract. After years of innovation, it became the V60 electric scooter in 2010 and later introduced a native IQ charger and battery.
Over the years it has attracted major investment support 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 priced between Rs 45,000 and Rs 80,000. In terms of sales, the company was able to sell a total of 4303 units in February 2022.
Associated Industries & Stocks
India’s EV market, which is in its early stages of development, is seen as a seizing opportunity. Other companies that also have products in the EV market are MG Cars, Maruti Suzuki, Renault, Audi, Volvo, Hero, Ather and others. Electric car manufacturers in India will also see other related industries like batteries and chargers for electric cars.
Many companies like Siemens, Schneider, Delta and others. Unfortunately, these companies will only work if there is a high demand for 4WD in the public sector.
Companies, unorganized participants predominate. To solve this problem, NITI Ayog is playing an important role in configuring EV chargers. India has now installed 270 EV chargers. Use NTPC to install 100,000 EV charging stations across India.
Other government agencies like BHEL are collaborating with ISRO to manufacture batteries using lithium technology. Most of the lithium needed today is imported from China, South Korea, Vietnam, Singapore and Japan. Other companies interested in the lithium battery business in India include Reliance, Suzuki, Toshiba, Denso, JSW Group, Adani, Mahindra, Hero Electric, Panasonic, Exide Batteries and Amara Raja.
Read Also: Best Electric Bikes Under 1.5 lakh in India
