The Best Electric Vehicle Manufacturing Companies in India

1) Mahindra Electric, Tata Motors, Hyundai Kona Electric, Ashok Leyland, and Hero Electric are some of the major electric vehicle manufacturers in India.
2) Over the next five years, FAME II and Niti Ayog hope to make India the world’s largest producer of electric vehicles.
3) The future of EVS in India is for sale to exceed 100 million by 2030. For electric car manufacturers in India, 2021 is a great time to invest in the electric car industry.
4) Okinawa Electric, Ather Energy, Tork Motors, Revolt Intellicorp, PuRE Energy, and SmartE are some of the largest electric-powered cars in India, with some of India’s largest electric car companies listed.

The electric car ecosystem has recently exploded in India on a large scale, thanks to the hands-on involvement of major Indian car manufacturers. This unique transportation technology is making a huge difference in India apart from low-cost cars and to sustainable electric vehicles. The reason why electric car companies are trending in the Indian stock market.
The work of make in India vision is growing rapidly under the National Electric Mobility Mission Plan of India. It is a good opportunity for India to boost its EV game and increase the production of electric vehicles in India, as the whole world has lost interest in doing business with China.

S.NO Electric vehicle companies Vehicles
01 Mahindra Electric Mahindra e20 & e20 plus
02 Tata Motors Nexon EV, Tigor EV
03 Hyundai Electric Hyundai Kona Electric
04 Ashok Leyland Electric iBus, Euro Bus, Hymus
05 Hero electric Hero Photon, Hero nyx
06 BYD Olectra Olectra bus
07 MG electric MG ZS
08 Lohia Auto E-Rickshaw

Top 10 Electric Vehicle Manufacturers Companies in India

In India, the electric car ecosystem (EV) is still young. The central government, on the other hand, has announced the second phase of its FAME (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) policy, which aims to accelerate EV adoption nationwide.

India’s Top  Electric 
Vehicle Manufacturing 


Hero Electric

Hero Electric, a subsidiary of Hero Group, has already introduced more than a dozen electric vehicles in India. The company has been one of the pioneers in the electric car industry, with two electric wheels and three wheels. Hero Electric offers a variety of Optima, Nyx, Flash, and Photon electric scooters in its series ER, E2, and E5.
With a wide range of electric scooters such as Hero electric Photon, Hero flash here, Hero optima, and Hero electric Nyx, Hero Electric is a market leader in the field of electric vehicles in the two-wheeled segment.
In both two-wheeled and three-wheeled electric vehicles, Hero Electric has become a market leader. The hero wants to make the city move smoothly by providing affordable electric scooters.
Hero price for Hero ranges from ₹ 2984133.78 to ₹ 4476573.78, depending on model type and range.
Hero Electric has partnered with an e-mobility startup at BikeGO to deliver state-of-the-art vehicles and support nationwide.


Tata Motors

With three electric vehicles, the Tigor EV, Nano EV, and Tiago electric, the Indian smoker Tata Motors recently entered the ongoing race race.
Following the success of the Tata Nexon, the automaker has incorporated the 'ZIPTRON' electric vehicle technology into a single-generation electric car, the Tata Nexon EV. The Tata EV has a range of 312 kilometers, according to ARAI.
Tata is not only the manufacturer of electric vehicles, but also the manufacturer of Other vehicles like cars, buses, trucks, and security vehicles in India. Tata invests heavily in R&D in the automotive sector, not only in India but also in other countries. Introducing electric vehicles with advanced technology such as "ZIPTRON" and advanced BMS has swept the Indian EV market.
In addition, to improve charging infrastructure and the electric ecosystem, the electric car manufacturer has begun installing charging stations throughout India. TATA electric buses are full of the market, with a huge demand for government transport unions, and the number of buses expected to appear in 2030 is expected to be around 300,000. Tata is now a major player in the EV stock market.
The Tata Tigor electric car, the Ultra Electric bus, and the Starbus Hybrid Electric electric bus are some of Tata's most popular cars.


Mahindra Electric

With the launch of India’s first electric car, the Mahindra Reva, in the early 2000s, the Mahindra electric was introduced in the first shift towards the electric car park in India.
Mahindra is divided into different categories of electrical mobility as passengers and goods over the past two decades. Electric vehicles such as e-rickshaws and electric vans are available. It has a manufacturing facility in Bangalore that produces enough gears to meet India's growing demand for electric vehicles. Mahindra has established itself as one of India's leading electric car manufacturers.
Apart from electric vehicles, Mahindra has recently partnered with various R&D sectors to begin producing batteries for electric vehicles. Mahindra e2o and Mahindra e2o plus are two integrated electric vehicles from Mahindra. Shares of electric car companies are a great investment opportunity.


Hyundai Electric

In India's ever-changing electric car market, the new Hyundai Kona electric car is expected to be the best way to buy and open the way for the Indian electric car ecosystem.
With a range of 452 km, the Hyundai Kona electric car has achieved the dream of millions of Indians to travel between cities without zero emissions, making it one of the best electric vehicles by 2020.
Fast charging can make a car charge 80 percent less than 57 minutes, giving it a distance of 452 km with a single charge. The price of Hyundai Kona starts at Rs 23.75 lakhs and goes up from there (front showroom).
EV charging stations are currently in short supply in India. Hyundai, like other EV manufacturers in India, has promised to create an ecosystem for electric vehicles with a national network of electric car charging stations. In addition, the electric car company aims to produce electric vehicles suitable for Indian roads.


Ashok Leyland Electric

Ashok Leyland, an Indian market leader for buses, trucks, and security vehicles, has developed electric buses with charging technology to allow for faster charging while passengers board and exit the vehicle.
In India, the company introduces several electric bus models, including Circuit, Circuit S, and HYBUS.
India's climate change Sun Mobility and Ashok Leyland Electric have teamed up to develop vehicles with faster charging technology.
Following the introduction of battery replacement technology, the Ashok Leyland electric bus now aims to address the issue of car load capacity and charging time. Ashok Leyland will build electric buses using ABB's TOSA technology, which allows buses to be charged in minutes. This was done to expand the green electric bus system in India.


BYD Olectra Electric

BYD is a Chinese electric vehicle (EV) and a rechargeable battery company based in Xi'an, Shaanxi. The word BYD stands for "Build Your Dreams."
BYD, the world's largest producer of electric buses, has established strategic partnerships with Olectra Greentech to increase the production of electric buses in India to 5,000 cars a year, from the current 2,000. There are currently no BYD electric vehicles available in India. About 200 BYD - Olectra bus units operating in India at the moment. In Telangana, about 40 electric buses provided by BYD Olectra are currently under way. The company aims to promote sustainable electricity throughout India by expanding its electric bus system in Hyderabad, Pune, Telangana, and Delhi.


Lohia Auto

In India, Lohia Auto is a market leader in electric markets. The e-rickshaw was the first sustainable car to dominate the Indian electric car market, which explains why there are so many electric car manufacturers in the country.
Ather Energies, Okinawa Electric, and TVS Electric are just a few notable names. Compared to other electric cars on the market, Lohia auto has expanded its electric car segment to include electric scooters and three Lohia auto wheels with a large load capacity and range.
The company has kept the price of Lohia cars low, which has led to car sales in Lohia in recent years.


MG Motors

After Hector's launch, the MG ZS model has set the standard, and any car they launch will be expected to have the best features possible.
Given the number of cars sold, the ZS is considered one of the best electric cars you can buy in India, and a distance of 343 kilometers for a single charge. MG Motors cars cost between 20 and 23 lakhs.
It is the first electric car from the MG brand in India, and it has received a lot of attention in a short time. MG Motors says eChargeBays will install a free charger in the area required by the customer.


TwentyTwo Motors

Twenty Two Motors, which launches electric motorcycles in India, has partnered with Taiwanese dual power company Kwang Yang Motor Company (KYMCO) to expand its reach into the country. Both companies will work on a variety of charging solutions, including fast charging, standard charging, and flexible battery.


Ather Energy

Last year, Ather Energy introduced its Ather 450 and Ather 340 electric models in India, which were intended for city use. According to the company, both electric motorcycles are designed to deal with various problems in the two-wheel drive EV category, such as slow charging, low power motors, and short battery life. Ather Energy also offers the Ather One program, which includes free public and home charging, split assistance, and unlimited data service, among other benefits.

Frequently Asked Questions (FAQ)

Tata Motors, Eicher Motors, TVS Motors, Bajaj Auto, Hero MotoCorp, Greaves Cotton, Amara Raja Batteries, Exide Industries, Tata Power, Ashok Leyland , and Mahindra & Mahindra are among the leading companies investing in electric vehicles.

JBM Auto, Olectra Greentech, Kabra Extrusion Technik, IOC, BPCL, Reliance Industries, NTPC, Power Grid, Tata Chemicals, Gujarat Fluorochemicals, Neogen Chemicals, Tatva Chintan Pharma, Motherson Sumi, Suprajit Engineering, Minda Industries, Fiem El Industries, Fiem El Industries, L&T Technology, Hindustan Copper, NALCO, and Hindalco are among the leading EV In addition, the six largest companies of Tata Group have teamed up to form the Tata UniEVerse, the ecosystem of electric vehicles.

Tata Power, Indian Oil Corporation, BPCL, Reliance Industries, NTPC, and Powergrid Corporation top EV charging stocks. The IOC and BPCL have already committed to using their stores to build 17000 EV charging stations in the near future.

In India, the future of electric cars looks very promising. The Indian government wants to join the Electric Vehicle Revolution and according to sources, they plan to own 30 percent of private cars, 70 percent of commercial vehicles, 40 percent of buses and 80 percent of two-wheeled and three-wheeled electric vehicles by 2030. India plans to produce two million 10 million wheels annually, about 15 percent of global production.

Exide Industries, a joint venture between Suzuki, TOSHIBA, and DENSO in Gujarat; Amara Raja batteries, Li Energy and ATL, as well as Manikaran Power Ltd are among India’s largest Lithium Ion battery manufacturers.

Yes, Ashok Leyland operates electric vehicles and is already conducting a pilot program in Chennai and Ahmedabad with a large number of electric buses. Because their EV campaign is so important, the company is looking for the right investors. Switch Mobility, a joint venture between Ashok Leyland and Optare UK, will launch e-LCV in India by the end of December 2021. In the next few years, the company aims to invest $ 150-200 million in the electric vehicle sector.

Electric cars are expensive in India because single batteries account for 30 to 50 percent of the car’s cost. These batteries are very expensive, which increases the cost of electric cars. Another major reason for the high cost of electric vehicles in India is that the industry cannot benefit from a standard economy. We can expect prices to fall as demand grows and EVs are produced in large quantities.

When it comes to the best EV stocks to buy in India, there are a variety of components that go into creating EV, and thus various stocks are involved. In the field of commercial vehicles, Tata Motors is the leading stock in terms of EV production. Amara Raja batteries is a good bet for EV batteries when it comes to batteries. Tata Power is a good investment in the charging industry. In any case, please remember that buying stocks based on this feedback is not recommended. Before investing, a thorough stock analysis is required.

Tata Motors is currently the market leader in the electric car industry in India. Tata Motors was one of the first companies to decide to build a fully automatic electric car. As a market leader in commercial vehicles, it has major plans to deliver electricity by bus and business trucks, and is about to launch its first electric truck.

Tata Motors, JBM Auto, Olectra Greentech, Mahindra Electric Mobility, Ola Electric Mobility, Ashok Leyland Electric, Hyundai, Hero Electric, Menza Motors, Lohia Auto, Kia Motors, and others are among India’s leading electric car manufacturers. Ather Energy, Tork Motors, Menza Motors, Verge Motors, Emflux, Okinawa Autotech, Twenty-Two Motors, Lush Motors, and others are among the top EV production startups.