According to the International Energy Agency (IEA) nearly one-fifth of the cars sold in 2023 was electric and it is expected to increase multifold in coming years.
Nearly 14 million new electric cars were registered globally in 2023 and its sales were 3.5 million higher than in 2022 which is a whooping 35% increase.
Certainly! India’s electric vehicle (EV) market is poised for significant growth taking into consideration all these global opportunities.
Take a peek at the top 5 E-vehicle companies in India:
- Tata Motors
- Ather Energy
- Ola Electric
- Ampere Vehicles
- Okinawa
Tata Motors – Leader of India’s EV market
Tata Motors is an Indian multinational automotive manufacturing company. Tata Motors is a part of Tata Group; the company makes electric vehicles, passenger cars, trucks, coaches, vans, and buses. Tata Motors has a lion’s share of 72% in India’s EV segment. The most popular Tata electric cars are Tata Punch EV, Tata Nexon EV, Tata Tiago EV.
Tata Curvv EV is expected to be launched in August 2024!!
Ather Energy
Ather Energy is an Indian electric two-wheeler manufacturer with its base in Bengaluru. Currently it manufactures three e-scooter models – Ather 450X, Ather 450S and Ather 450 Apex. Of the 3 e-scooter models manufactured by Ather, the Ather 450 Apex is the top one – in terms of innovations, design, features, speed, acceleration.
Ola Electric Mobility
Ola Electric Mobility was established in 2017 as a wholly owned subsidiary of ANI Technologies, the parent entity of Ola cabs with its base in Bengaluru. It has India’s largest two-wheeler EV manufacturing factory in Tamil Nadu’s Krishnagiri district. Currently it offers an electric scooter named Ola S1 in three variants named Ola S1 Air, Ola S1X and S1 Pro.
Ola is also targeting to launch its first electric car by the end of 2024.
Ola Electric IPO is all set to launch next week.
Ampere Vehicles
Ampere Vehicles is a Coimbatore-based electric vehicle manufacturer. Ampere offers a range of electric scooters in India. Currently it offers three different models of electric scooters under the V48 range, Reo and Zeal brand names.
Okinawa
Okinawa is an Indian electric scooter manufacturing company established in the year 2015 with its headquarters in Gurgaon (Gurugram), Haryana. It offers a wide range of e-scooters like – Okinawa Dual, Okinawa Ridge+, Okinawa Lite, Okinawa Okhi-90, Okinawa iPraise+, Okinawa PraisePro, and Okinawa R30.