Vehicle manufacturers globally have for some time been making efforts to manufacture cars that use alternative sources of energy and overcome traditional fossil fuels. After much research, he has manufactured electric cars. They run on electricity stored in the battery that powers an electric motor. This battery needs to be changed from time to time.
We all know that environmental pollution has assumed terrible proportions worldwide today. And this is a major cause of global warming. This causes temperatures to rise worldwide, causing widespread damage. The ozone layer is eroded, causing harmful sun rays to enter our atmosphere. Such pollution also damages soil and human health.
Electric Vehicle Sector of India
The Indian electric car market is set to reach over $ 700 million by 2025. This implies a CAGR of over 34%. The government is playing an active role in promoting more manufacturing and use of electric vehicles to reduce fossil fuel pollution. Until now, battery electric vehicles (BEVs) hold a majority share in the market. There are some hurdles such as lack of charging points, initial heavy investment, lack of awareness, etc., but the government and manufacturers are sure to eliminate them.
The manufacturers’ market for electric vehicles in India is quite consolidated. So far, a moderate number of players are operating in the market.
List of Top Electric Vehicle Companies in India
| Sl. No. | Company | Establishment | Head office |
| 1 | Mahindra Electric | 1994 | Bengaluru |
| 2 | Tata Motors | 1945 | Mumbai |
| 3 | Hyundai | 1967 | Seoul, South Korea |
| 4 | Ashok Leyland | 1948 | Chennai |
| 5 | Lohia Auto | 2008 | Noida |
| 6 | Twenty Two Motors | 2016 | Gurgaon |
| 7 | BYD Olectra | 2007 | Hyderabad |
| 8 | MG Motor | 2006 | Marylebone, London, United Kingdom |
| 9 | Ola Electric | 2010 | Bengaluru |
| 10 | Ather Energy | 2013 | Bengaluru |
Here is the list of leading electric vehicle manufacturers in India:
1. Mahindra Electric
Mahindra Electric has been a pioneer of electric vehicle manufacturing in India. Products are available for both commercial and personal use. Part of the multi-billion dollar Mahindra group, the current electric vehicle portfolio includes 3-wheelers, e-veto – sedans, e-Supro – passenger and cargo vans, and e20Plus – revolutionary electric small cars.
- Market Cap (Rs Crore): 93,525.38
- Book Value (Rs.): 2 … 65.
- Face Value (RS): 5.00
- Turnover (Rs in lakh): 30,642.75
2. Tata Motors
The global conglomerate, the Tata group, has introduced its electric car model, named the Nexon EV. The car comes with some excellent features like 0-100 kmph within 10 seconds and 0-50 kmph within 5 seconds, the largest network pan-India, free home charge installation (in select cases), and a Large public charge network. Security aspects are also at the top.
- Market Cap (Rs. Crore): 56,698.12
- Book Value (Rs.): 54.39
- Face Value (RS): 2.00
- Turnover (Rs in lakh): 59,126.12
3. Hyundai
Hyundai’s Kona Electric is India’s first all-electric SUV. With an unmatched driving range of 450+ kmph when full charged, 0-100 kmph speed of just over 9 seconds, automatic transmissions and an 8-year battery warranty, an incomparable and extremely thrilling driving corner Provides experience. Customer.
- Market Cap (B): 47,692.29
- Book Value (Rs): N / A
- Face Value (Rs): N / A
- Revenue (B): 102,578.39
4. Ashok leyland
Ashok Leyland, the flagship company of the Hinduja Group, is India’s largest and 4th largest bus manufacturer. Keeping in mind the widespread use of public buses in India, Ashok Leyland is introducing electric buses. These buses will be equipped with flash-charge technology which will take only 15 seconds for a 600 kW charge. The company has started operating these buses on a pilot basis in Ahmedabad and Chennai.
- Market Cap (Rs. Crore): 27,946.22
- Book Value (Rs.): 24.26
- Face Value (RS): 1.00
- Revenue (in crores): 15,615.76
5. Lohia Auto
Lohia Auto came into existence in 2008. In his decade-long tenure, he has become a well-known manufacturer of electric two-wheelers and three-wheelers. The company has launched the OMA range of scooters, the Comfort range of e-rickshaws, the Narain range of cargo three-wheelers and the Humsafar range of passenger and cargo three-wheelers. The company is inspired by its zeal to create a cleaner world through new-age vehicles.
- Market Cap (Rs. Crore): 30
- Book Value (Rs.): -120.25
- Face Value (RS): 10
- Revenue (Rs. In crores): 264
6. TwentyTwo Motors
TwentyTwo Motors entered the electric vehicle arena in India with its first electric scooter, the Flow. With an all-digital display and smartphone compatibility, the vehicle is completely jean – with a classy retro look. The vehicles are linked with the parent company through a cloud base. This helps track the scooter in case of theft or unauthorized riding. It takes 2 hours for a full charge, while a 10-minute charge can see scooters up to 20 km. The top speed is 60 km per hour.
- Market Cap (Rs. Crore): N / A
- Book Value (Rs): N / A
- Face Value (Rs): N / A
- Business (Rs in crore): 14,78,07,100.00
7. Byd Olectra
OlectraGreentech Ltd was established in 1992. It has strong involvement of composite insulators, amorphous core-distribution transformers, data analysis, IT consulting and electric buses. E-buses are examples of the latest technology – fast charging (2 hours), ITS-enabled, optimal passenger safety, long distance on one charge, and more. Maintenance troubles are also minimal, making these buses a new-age passenger carrier.
- Market Cap (Rs. Crore): 960.76
- Book Value (Rs.): 26.32
- Face Value (Rs.): 4.00
- Business (Rs in lakhs): N / A
8. MG Motor
MG Motor’s ZS EV is India’s first pure electric Internet SUV, available in three variants – Standard, Excite and Exclusive. The car comes with an 8 year / 150k km warranty on the battery. Private owners will get a 24 x 7 roadside service warranty for 5 years. Running cost Re less than 1 / km. The advanced air filter assures clean air inside the vehicle while the 3 drive modes – Eco, Sports and Normal – allow you to customize your driving experience. Other premium features like hill descent control, reverse parking assist, connected mobility and electric parking brake ensure that you enjoy a smooth driving experience.
- Market Cap (Rs. Crore): 3350.0
- Book Value (Rs): N / A
- Face Value (Rs): N / A
- Revenue (Rs. In crores): 5.30
9. Ola Electric
Ola Electric is a project started by Ola, one of the world’s largest app cab companies. It aims to launch e-scooters and e-rickshaws in India in the near future. So far, it is aiming to launch its e-scooter at a price of less than Rs 1 lakh by February 2021. It will be called “App Scooter”. It can be charged at home and at public charging points. The scooter will come with 3 interchangeable battery modules. Each battery will have a capacity of 600W per module. The limit per module will be 80 km.
- Market Cap (M): $ 114.8M
- Book Value (Rs): N / A
- Face Value (Rs): N / A
- Revenue (Rs in crore): 2,222
10. Ether Energy
Ather Energy, a new entrant in the field, comes with its attractive e-scooter, the Aether 450X. The scooter comes in 4 attractive colors and with exciting and necessary features. The 7 ”LCD display will help you make calls, navigate, and locate the nearest charging point – in short, everything you would have done through your smartphone. It is an important safety net. Move at a speed of 40 kmph in just 3 seconds and reach a top speed of 80 kmph. Easy-to-install home charger, the Aether Dot protects you from the hassle of refueling. The Ather app will enable you to remotely check the charge status of your scooter.
- Market Cap (Rs. Crore): N / A
- Book Value (Rs): N / A
- Face Value (Rs): N / A
- Business (Rs in lakhs): N / A