Planning to go for a sustainable commuting option? Check out these 25 top EV companies in India and select your preferred model.
25 Best EV Companies in India in 2025
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Table of Contents
Considering the increasing pollution in today’s environment, especially from motor vehicle emissions, the need for sustainable options is at its peak. Several automobile companies have joined hands to reduce their carbon footprints with their electric vehicle (EV) models.
Read on to check out the top 25 EV companies in India that are revolutionising sustainable commuting through their technological innovations and varied offerings.
A Quick Glance
| Company | Platform |
| Tata Motors | Offers extended battery warranties and safety features in their EVs |
| Ola Electric | Provides battery swapping services across selected Indian cities |
| Zypp Electric | Offers EV scooters for rent, aiming for emission-free and sustainable logistics |
| Ather Energy | Stylish EV scooters with their own charging infrastructure |
| Mahindra Electric | Caters to both private and commercial transportation requirements with its diverse offerings |
| Hero Electric | Offers a wide range of EV scooters at various price points |
| TVS Motor | Developing next-gen electric concepts, with a focus on improved customer service and robust performance |
| Bajaj Auto | Known for their excellent brand positioning, R&D capabilities, and award-winning design |
| MG Motor India | Offers EVs loaded with advanced features and is known for their safety and performance |
| Revolt Motors | Innovative subscription-based ownership model that targets urban riders seeking performance and smart features |
| Battery Smart | India’s leading EV battery swapping network that is compatible with multiple EV brands and models |
| Simple Energy | Provides high-performance EVs scooters with advanced features and design |
| Euler Motors | Supplies electric cargo vehicles in India |
| Okinawa Autotech | Focuses on manufacturing EVs across various price ranges to cater to a wide clientele |
| Ampere Vehicles | Known for their reasonable pricing and robust after-sales service |
| Ultraviolette Automotive | Manufactures high-performance EV scooters with advanced features and technology |
| Yulu | Uses IoT and AI for seamless EV operations and demand-supply management |
| Okaya EV | Known for their affordable range of durable EV scooters |
| Tork Motors | Focuses on excellent performance, stylish design, and local manufacturing |
| Hop Electric | Provides affordable EV solutions |
| Pure EV | Focuses on battery innovation to produce an affordable range of EVs |
| EVeium | Offers luxurious urban mobility while maintaining sustainability |
| Omega Seiki Mobility | Focuses on the logistics and delivery sectors |
| Lohia Auto | Known for their contribution to EV adoption in rural areas |
| MoEVing | Collaborates with leading e-commerce, logistics, and FMCG companies, as well as OEMs and financial institutions |
The rise of EV (electric vehicles) has rapidly transformed the Indian automobile industry. With encouragement from the government in the form of the PM eDrive scheme and the urge to maintain a pollution-free environment, electric vehicles are in high demand. Also, they have become an integral part of the transportation system due to their contribution to reducing the carbon footprint.
With the announcement of the Union Budget 2025-2026, the government is stepping up its efforts to support electric vehicles by significantly raising the automotive sector’s overall budget. It is nearly doubled (+74%) from ₹4,306.81 crores (US$ 495.28 million) in FY2024 to ₹7,484.61 crores (US$ 859.24 million) in FY2025.
Furthermore, the numerous advantages of owning an EV are encouraging more people to follow this environmentally friendly trend. Crucial elements such as improvements in EV charging infrastructure, government incentives, and the expansion of EV charging stations also contribute to the trend’s favourability.
Top 25 EV Companies in India in 2025
Here is a list of the top 25 EV companies in India:
Tata Motors (EV Leader in Passenger Segment)
| Establishment Year | 1945 |
| Headquarters | Pune, Maharashtra |
| Popular Models | Nexon EV, Tigor EV, Tiago EV |
| Market Cap | ₹2,61,187 Cr. (as of May 2025) |
| Official Website | https://ev.tatamotors.com/ |
About the Company
With its top EV models, such as Tiago EV and Nexon EV, Tata Motors is successfully leading the passenger EV segment in India. With its continuous innovation in electric vehicles, this company is expanding its reliability in the EV segment while maintaining its legacy. Strong government incentives, development in charging, and battery infrastructure help Tata Motors form a well-established EV ecosystem.
Strengths:
- Top models like Nexon EV come with a 5-star Global NCAP rating in safety features.
- Tata EVs are available at a competitive price range to enhance their accessibility among Indian buyers.
- Extended battery warranties and reliable technologies.
Notable Achievements:
- Secured first position in selling the highest number of EV passenger cars in April 2025.
- Reliable after-sales service and significant market share make Tata Motors the leader in the EV passenger car segment.
Ola Electric (Disruptor in Two-Wheeler Mobility)
| Establishment Year | 2017 |
| Headquarters | Bangalore, Karnataka |
| Popular Models | S1 and S1 Pro |
| Market Cap | ₹194.88 Billion (as of May 2025) |
| Official Website | https://www.olaelectric.com/ |
About the Company
Ola Electric has transformed India’s electric two-wheeler segment with feature-packed, stylish, and affordable scooters. This EV company gained prominence rapidly by fusing technology with consumer-led design.
The Ola S1 and S1 Pro range delivers stellar driving range, performance, and intelligent connectivity features at affordable prices. Ola Electric also spends considerable amounts on battery swapping and charging infrastructure, making EV adoption effortless for city commuters.
Strengths:
- Maintains an aggressive pricing strategy for their EVs.
- Focus on developing EVs with advanced features, high performance, and long range.
- Capable of large-scale EV manufacturing.
Notable Achievements:
- Known for its global presence in EV manufacturing.
- Provides battery swapping services in selected cities.
Zypp Electric (EV Fleet-as-a-Service Leader)
| Establishment Year | 2017 |
| Headquarters | Gurugram, Haryana |
| Popular Models | NA |
| Official Website | https://zypp.app/ |
About the Company
Zypp Electric focuses on building a carbon-free India with EV-based technology and electric vehicles. Their Mission Zero-Emission aims for emission-free and sustainable logistics for smooth and carbon-free last-minute product deliveries. Zypp Electric rents out a fleet of scooters to businesses, ensuring a low-carbon footprint.
It is one of the leading tech-enabled EV-as-a-Service platforms in India that assists e-commerce giants, local merchants, as well as delivery executives in last-mile delivery, reducing pollution and delivery charges.
Strengths:
- Offers cost-efficient, tech-enabled, and eco-friendly last-mile delivery options.
- The asset-light model aims to improve user experience, community support, and other aspects, which will allow rapid growth in the EV market.
Notable Achievements:
- Their sustainable approach helped them expand in several cities in India, partnering with major companies.
Ather Energy (Premium Urban Commuter EVs)
| Establishment Year | 2013 |
| Headquarters | Bangalore, Karnataka |
| Popular Models | 450X, 450S, 450 Plus, 450 Apex, Rizta |
| Market Cap | ₹ 11,163 Cr. (as of May 2025) |
| Official Website | https://www.atherenergy.com/ |
About the Company
Ather Energy produces stylish electric scooters integrated with advanced technologies. The company aims to offer innovative features and performance to enhance customers’ riding experiences. With its own EV charging network called Ather Grid, Ather Energy is setting a higher standard in the electric two-wheeler segment in India.
Strengths:
- Their scooters include features like over-the-air updates, touchscreen dashboards, and various connected features.
- The stylish outlook of Ather Energy bikes appeals to the younger generation.
Notable Achievements:
- Active expansion of sales and service networks across India.
- One of the first EV companies to concentrate on creating a strong charging network, especially for its automobiles.
Mahindra Electric (Early Mover in EV Market)
| Establishment Year | 1994 |
| Headquarters | Pune, Maharashtra |
| Popular Models | BE 6, XEV 9e, eVerito, e20Plus, Treo |
| Official Website | https://www.mahindraelectricsuv.com/ |
About the Company
Mahindra Electric is among India’s first movers in the EV segment, with a keen emphasis on electric three-wheelers and passenger cars. The company has played a key role in driving electric mobility in commercial segments through offerings such as the Treo and e-Alfa Mini.
Mahindra’s EV cars, like the eVerito, are targeted at fleet operators and eco-friendly buyers. The company’s extensive history in battery management systems and electric drivetrains has seen it weather rising competition with a steady presence.
Strengths:
- Robust engineering and manufacturing capabilities.
- Strong government and fleet partnerships.
Notable Achievements:
- First Indian company to launch a fully electric passenger car.
Hero Electric (Mass Market EV Leader)
| Establishment Year | 2007 |
| Headquarters | Gurugram, Haryana |
| Popular Models | Photon, Optima, City Speed Range, NYX, etc. |
| Official Website | https://heroelectric.in/ |
About the Company
Hero Electric is India’s largest and oldest electric two-wheeler manufacturer, with a focus on affordable, mass-market EVs. Since 2007, Hero Electric has delivered over 5 lakh electric scooters and bikes, making it a household name in tier 2 and tier 3 cities.
The company’s extensive dealer network and affordable pricing have made EVs accessible to a broad demographic. Hero Electric continues to innovate with improved battery technologies and expanded model choices, supporting India’s rural and urban mobility needs.
Strengths:
- Manufactures a wide range of EV scooters across various price ranges.
- A wide network of services and distribution across the country.
Notable Achievements:
- One of India’s biggest electric two-wheeler producers, which is known for its long history in the electric scooter market.
TVS Motor Company (Trusted Auto Giant)
| Establishment Year | 1911 |
| Headquarters | Chennai, Tamil Nadu |
| Popular Models | TVS iQube |
| Market Cap | ₹1.27 trillion (as of May 2025) |
| Official Website | https://www.tvsmotor.com/ |
About the Company
TVS Motor Company, a well-established player in the Indian two-wheeler market, has made significant strides in electric mobility with the launch of the iQube Electric scooter. Known for its reliability and performance, TVS combines its decades of automotive expertise with modern EV technology.
The company is also developing futuristic electric concepts like the Creon, showcasing its vision for smart urban mobility. TVS’s commitment to quality and after-sales service is helping it gain traction in the competitive EV space.
Strengths:
- Trusted brand with a strong dealer network.
- Focus on quality and performance.
Notable Achievements:
- Development of next-gen electric concepts, strong customer service and support ecosystem.
Bajaj Auto (Urban Mobility Pioneer)
| Establishment Year | 1945 |
| Headquarters | Pune, Maharashtra |
| Popular Models | Chetak Electric |
| Market Cap | ₹2.15 trillion (as of May 2025) |
| Official Website | https://www.bajajauto.com/ |
About the Company
Bajaj Auto, an Indian two-wheeler icon, has returned to the electric segment with its legendary Chetak Electric scooter. Fusing tradition with modern electric know-how, Chetak provides classy build quality, a refined ride, and a decent range.
The company’s intent to target the urban commuter and brand tradition has enabled it to carve a niche out of the electric scooter market. Bajaj Auto still invests in battery technology and charging networks to bring greater customer comfort.
Strengths:
- Strong brand legacy and customer loyalty.
- Premium product positioning, robust manufacturing and R&D capabilities.
Notable Achievements:
- Award-winning design and performance.
- Growing presence in urban EV markets.
MG Motor India (Premium Electric Cars)
| Establishment Year | 2017 |
| Headquarters | Gurugram Haryana |
| Popular Models | ZS EV |
| Official Website | https://www.mgmotor.co.in/ |
About the Company
MG Motor India, a subsidiary of China’s SAIC Motor, has quickly established itself as a leader in the premium electric SUV market with the MG ZS EV. Launched in 2020, the ZS EV offers a compelling combination of style, performance, and features tailored for Indian customers.
MG’s focus on safety, connected car technology, and after-sales service has earned it a loyal customer base. The company plans to expand its EV portfolio with upcoming models like the Astor EV, reinforcing its commitment to electrification.
Strengths:
- Advanced safety and connectivity features.
- Growing dealership and service network.
Notable Achievements:
- Award winner for safety and design.
- Rapidly expanding EV charging partnership.
Revolt Motors (AI-Integrated Electric Bikes)
| Establishment Year | 2019 |
| Headquarters | Gurugram, Haryana |
| Popular Models | RV400, RV300 |
| Official Website | https://www.revoltmotors.com/ |
About the Company
Revolt Motors is India’s first AI-enabled electric motorcycle manufacturer, blending technology with sustainable mobility. Since its inception in 2018, Revolt has introduced models like the RV400 and RV300, which feature AI-powered voice commands, geo-fencing, and remote diagnostics.
The company targets young urban riders seeking performance and smart features. Revolt’s innovative subscription-based ownership model and focus on software updates set it apart in the EV two-wheeler market.
Strengths:
- Unique EV bike features such as AI (artificial intelligence) integration, swappable batteries, etc.
- Focused on creating a new EV two-wheeler market with modern features and sporty design.
Notable Achievements:
- Launched India’s first AI-enabled electric motorcycle, pioneering software-driven EV ownership.
Battery Smart (India’s Largest EV Battery-swapping Network)
| Establishment Year | 2019 |
| Headquarters | Gurgaon, Haryana |
| Popular Models | NA |
| Official Website | https://dev.batterysmart.in/ |
About the Company
Battery Smart is India’s leading EV battery swapping network, offering fast, convenient battery swaps for electric two-wheelers and three-wheelers. Founded in 2019, the company has rapidly expanded its footprint with over 1,500 swap stations across major cities. Battery Smart’s technology enables riders to exchange depleted batteries for fully charged ones in under five minutes, eliminating range anxiety and charging downtime.
The company partners with multiple EV manufacturers and fleet operators, playing a crucial role in accelerating EV adoption.
Strengths:
- Extensive and rapidly growing swap station network.
- Compatible with multiple EV brands and models.
Notable Achievements:
- Largest battery swapping network in India, contributing to rapid urban EV adoption.
Simple Energy (High-Speed E-Scooters)
| Establishment Year | 2019 |
| Headquarters | Bangalore, Karnataka |
| Popular Models | Simple One |
| Official Website | https://www.simpleenergy.in/ |
About the Company
Simple Energy is an innovative EV startup focused on delivering high-performance electric scooters with premium features. The Simple One, launched in 2022, offers a top speed of 105 km/h and a range of 236 km, targeting urban commuters seeking speed and style.
The company emphasises design, connected technology, and battery efficiency. Simple Energy is rapidly expanding its sales and service network to compete with established players in the premium scooter segment.
Strengths:
- Manufactures high-performance electric scooters with a focus on design and technology.
- Growing brand recognition among youth.
Notable Achievements:
- Rapid expansion of charging and service infrastructure.
Euler Motors (Electric Cargo Vehicles)
| Establishment Year | 2018 |
| Headquarters | New Delhi |
| Popular Models | eCargo, eTrucks |
| Official Website | https://www.eulermotors.com/en/ |
About the Company
Euler Motors deals with electric commercial vehicles, particularly last-mile delivery and logistics solutions. Since 2018, Euler has created a series of electric cargo three-wheelers and light commercial trucks aimed at freight urban mobility.
These vehicles feature low operating expenses, zero emissions, and high performance, which makes them in demand by fleet operators and e-commerce firms. Furthermore, Euler’s battery and telematics technology raise the level of operational efficiency.
Strengths:
- Focuses on electric commercial vehicles.
- Strong partnerships with logistics firms.
Notable Achievements:
- One of the leading suppliers of electric cargo vehicles in India.
Okinawa Autotech (Affordable EVs)
| Establishment Year | 2015 |
| Headquarters | Gurgaon, Haryana |
| Popular Models | Praise Pro, Dual 100, Ridge Plus, iPraise+, OKHI-90, |
| Official Website | https://okinawascooters.com/ |
About the Company
Okinawa Autotech is a prominent manufacturer of affordable electric scooters, targeting budget-conscious consumers in urban and semi-urban India. Since 2015, Okinawa has delivered reliable, efficient EVs with decent range and performance. Models, such as Praise and i-Praise, are known for their durability and low maintenance costs.
The company continues to expand its product portfolio and dealer network to deepen market penetration.
Strengths:
- Manufactures various EV two-wheelers across different price ranges to cater to clients with varied budgets.
- Focuses on localising the component, which helps with cost-effectiveness.
Notable Achievements:
- They maintain a perfect balance between performance, price range, and features in the EV segment.
Ampere Vehicles (Low-Cost EV Mobility)
| Establishment Year | 2008 |
| Headquarters | Multiple Locations Across India |
| Popular Models | Zeal EX, Magnus EX, Reo Plus |
| Official Website | https://ampere.greaveselectricmobility.com/ |
About the Company
Ampere Vehicles, part of Greaves Cotton Ltd., pioneered India’s affordable electric two-wheelers segment. With a strong presence in rural and semi-urban markets, Ampere offers practical, low-maintenance scooters like Magnus and Zeal.
The company focuses on cost-effective solutions to accelerate EV adoption among first-time buyers. Ampere’s extensive dealer and service network supports its mission to make electric mobility accessible nationwide.
Strengths:
- Cost-effective EV solutions and reliable after-sales service.
Notable Achievements:
- Sold over 1 lakh electric scooters and is known for being a key player in government EV programs.
Ultraviolette Automotive (Performance EV Bikes)
| Establishment Year | 2016 |
| Headquarters | Bengaluru, Karnataka |
| Popular Models | F77 |
| Official Website | https://www.ultraviolette.com/ |
About the Company
Ultraviolette Automotive is a Bangalore-based startup focused on high-performance electric motorcycles. The flagship F77 model combines sportbike aesthetics with advanced battery technology and fast charging.
Targeting enthusiasts and urban riders, Ultraviolette emphasises power, range, and smart connectivity. The company is expanding its footprint with plans for new models and enhanced manufacturing capabilities.
Strengths:
- High-performance electric motorcycles with advanced battery and motor technology.
Notable Achievements:
- Recognised for their design and innovation in the EV segment.
Yulu (Largest EV Battery Pool)
| Establishment Year | 2017 |
| Headquarters | Bengaluru, Karnataka |
| Popular Models | NA |
| Official Website | https://www.yulu.bike/ |
About the Company
Yulu is India’s largest shared micro-mobility platform, headquartered in Bengaluru, offering low-speed electric two-wheelers for urban commuting and last-mile deliveries. Operating in major cities like Bengaluru, Mumbai, Delhi, and Hyderabad, Yulu provides over 45,000 dockless EVs, serving more than four million users.
This company’s business model centres on Mobility-as-a-Service (MaaS), addressing urban congestion and pollution by offering a clean, flexible alternative to internal combustion vehicles. Strategic partnerships and a robust battery swapping network further strengthen its position in India’s EV ecosystem.
Strengths:
- Advanced technology platform using IoT and AI for seamless operations and demand-supply management.
Notable Achievements:
- Strong industry partnerships, including Bajaj Auto and Magna International, for manufacturing and battery-as-a-service.
Okaya EV (Battery + Scooter Manufacturer)
| Establishment Year | 1986 |
| Headquarters | New Delhi |
| Popular Models | Defy 22 |
| Market Cap | ₹4.48 billion (as of May 2025) |
| Official Website | https://opgmobility.com/about-us/ |
About the Company
Okaya EV is a pioneer in both EV battery manufacturing and electric scooter production. With over two decades in battery technology, Okaya leverages its expertise to deliver reliable, long-lasting batteries and affordable electric scooters. The company’s integrated approach ensures better quality control and performance. Okaya targets budget-conscious consumers and fleet operators, expanding its presence across India.
Strengths:
- In-house battery manufacturing expertise
- Affordable and durable electric scooters
Notable Achievements
- Has expertise in manufacturing lithium batteries since 2018.
Tork Motors (Electric Motorbike Innovator)
| Establishment Year | 2014 |
| Headquarters | Pune, Maharashtra |
| Popular Models | Kratos |
| Official Website | https://torkmotors.com/ |
About the Company
Tork Motors is an Indian company that develops and manufactures high-performance electric motorcycles. The Tork Kratos, its most popular model, combines sporty design with advanced electric powertrains, targeting enthusiasts and urban riders. Tork emphasises made-in-India manufacturing and innovation, focusing on battery efficiency and ride experience.
The company is expanding its dealer network and service infrastructure to support growing demand.
Strengths:
- Focus on performance and design
- Strong local manufacturing base
Notable Achievements:
- Growing presence in niche EV markets.
Hop Electric (Eco-Friendly Urban Commute)
| Establishment Year | 2019 |
| Headquarters | Jaipur, Rajasthan |
| Popular Models | OXO, LEO |
| Official Website | https://hopelectric.in/ |
About the Company
Hop Electric focuses on affordable and eco-friendly electric scooters designed for urban commuters. The company offers a range of models with practical range and performance, targeting budget-conscious city riders. Hop Electric emphasises sustainability, ease of use, and low maintenance.
Moreover, the company is expanding its footprint with new models and dealer partnerships.
Strength:
- Affordable urban EV solutions, focused on sustainability and ease of use.
Notable Achievements: NA
Pure EV (Telangana-Based Innovator)
| Establishment Year | 2015 |
| Headquarters | Hyderabad |
| Popular Models | EPluto 7G, ETrance+ |
| Official Website | https://pureev.in/about-us |
About the Company
Pure EV is a Hyderabad-based EV manufacturer focused on electric scooters and motorcycles. The company has developed a range of affordable, reliable EVs suited for Indian roads. Pure EV emphasises battery technology, connected features, and after-sales support.
It has gained traction in southern India and is expanding nationally.
Strengths:
- Affordable and reliable EVs focused on battery innovation
EVeium (Luxury Electric Two-Wheelers)
| Establishment Year | 2022 |
| Headquarters | Hyderabad |
| Popular Models | COMET, COSMO, and CZAR |
| Official Website | https://eveium.in/ |
About the Company
EVeium is a niche player in the luxury electric scooter segment, offering premium design and advanced features. The brand targets affluent urban consumers looking for style, performance, and sustainability. EVeium combines cutting-edge battery tech with bespoke aesthetics, positioning itself as a luxury EV lifestyle brand.
Strengths:
- Advanced battery and motor technology, focused on luxury urban mobility.
Notable Achievements: NA
Omega Seiki Mobility (Electric Cargo & Commercial)
| Establishment Year | 2018 |
| Headquarters | New Delhi |
| Popular Models | Rage+, Stream City, and M1KA 1.0 |
| Official Website | https://omegaseikimobility.com/ |
About the Company
Omega Seiki Mobility specialises in electric commercial vehicles, particularly last-mile delivery trucks and cargo carriers. The company’s Rage+ model offers high payload capacity with zero emissions, targeting logistics and e-commerce sectors. Omega Seiki focuses on robust design, low operating costs, and scalable fleet solutions, contributing to cleaner urban logistics.
Strength:
- Strong focus on logistics and delivery sectors.
Notable Achievements:
- Leading supplier of electric cargo vehicles, partnering with major logistics companies.
Lohia Auto (Affordable Commercial EVs)
| Establishment Year | 2008 |
| Headquarters | Noida |
| Popular Models | Comfort F2F series, Humsafar series, and Narain series |
| Official Website | https://www.lohiaauto.com/ |
About the Company
Lohia Auto is a veteran in the electric three-wheeler and commercial EV segment, offering affordable e-rickshaws and cargo carts. With a legacy of over six decades, Lohia has adapted to the EV revolution by developing reliable, cost-effective electric commercial vehicles for urban and rural markets. The company’s products are widely used for last-mile connectivity and goods transport.
Strengths:
- Strong presence in tier 2 and tier 3 cities with their wide range of commercial EVs.
Notable Achievements:
- Actively contributing to EV adoption even in rural areas.
MoEVing (Trusted EV Delivery Partner)
| Establishment Year | 2021 |
| Headquarters | Gurugram, Haryana |
| Official Website | https://moeving.com/ |
About the Company
MoEVing is a top Indian tech platform dedicated to accelerating electric vehicle (EV) adoption for last-mile logistics and delivery. With a broad range of electric vehicles available on rent-e.g., electric pickups (3W & 4W) and electric bikes, MoEVing offers companies a green, cost-savvy alternative to fuel-based logistics.
Their driver-centric, data-driven technology platform optimises operations and enables leading e-commerce, logistics, and FMCG firms to cut logistics costs and achieve carbon emission goals. MoEVing’s collaborations with OEMs, driver-owners, and financial institutions enable the removal of impediments to EV adoption and make green logistics accessible and economical throughout India.
Strengths:
- Advanced apps and tracking technology ensure a seamless, user-friendly rental experience.
- Actively supports India’s carbon emission reduction goals by promoting EV adoption and sustainable logistics solutions.
Notable Achievements
- The first logistics company in India that has earned VERRA Carbon Credits Accreditation.
Key Trends Shaping the EV Sector in 2025
The electric vehicle (EV) sector in 2025 is undergoing transformative changes driven by technological, policy, and market forces. Key trends include:
- Accelerated EV Adoption
Global EV sales are projected to grow at a mid-teens percentage rate, with China leading the market and, for the first time, expecting EV sales to surpass those of internal combustion engine vehicles. This surge is supported by consumer demand for cleaner transportation and government incentives.
- Expansion of EV Model Lineups
Automakers are rapidly increasing the variety of EV models, catering to diverse consumer preferences. This includes everything from affordable compact cars to luxury SUVs, making EVs more accessible and appealing to a broader audience.
- Advancements in Battery Technology
Innovations such as solid-state batteries and ultra-fast charging extend driving ranges and reduce charging times. This helps address major barriers to adoption and improve overall vehicle performance.
- Growth of Charging Infrastructure
Significant investments are being made in expanding public and private charging networks, particularly in Europe. New regulations require charging points every 60 km along major routes, alleviating range anxiety and supporting mass adoption.
- Policy and Regulatory Developments
Governments worldwide are ramping up pro-EV incentives, implementing stricter emissions mandates, and introducing increased vehicle taxes on petrol and diesel cars to accelerate the shift to electric mobility.
These trends collectively signal a pivotal year for the EV industry, marked by technological maturity, policy support, and mainstream market acceptance
The Road Ahead for India’s EV Market
India’s electric vehicle (EV) market is growing rapidly, with over 20 lakh (2 million) EVs sold in FY2025. Here are some key highlights:
- A 15.6% year-on-year increase brings cumulative sales to 61.66 lakh units by March 2025.
- Two-wheelers dominate the segment, accounting for more than 50% of sales, followed by electric three-wheelers at 36%, and four-wheelers at 6%.
- The top five states- Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, and Bihar- collectively contributed nearly half of the nation’s annual EV sales.
- In April 2025 alone, sales of EVs hit a record 12,330 units, marking a 58% year-on-year jump.
- Tata Motors led the four-wheeler segment with a 36% market share, although its sales dipped 14% year-on-year, while MG Motor and Mahindra posted triple-digit growth.
- The production of battery-powered passenger vehicles is projected to soar by 140% in 2025, reaching around 301,400 units, about 6% of the total passenger vehicle output.
Despite impressive gains, challenges remain. EV penetration must accelerate to meet the government’s ambitious 30% market share target by 2030. Policy uncertainties and the exclusion of passenger vehicles from some subsidy schemes could slow momentum. However, continued government support and expanding infrastructure signal a promising future for India’s EV ecosystem.
With this, the EV companies require a robust API to manage their financial transactions and banking needs. To address such needs, Decentro offers a wide range of payment and banking APIs. With our Professional Verification API, firms can verify the details of companies and other entities they are dealing with to avoid fraudulent activities and adhere to regulatory requirements.
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Frequently Asked Questions
Which is the best EV company in India in 2025?
Some of the best EV companies in India in 2025 are Tata Motors, Mahindra and Mahindra, MG Motor, etc.
Are EVs suitable for long-distance travel in India?
Yes, EVs are increasingly suitable for long-distance travel in India, with several models now offering a 400–600 km range and fast-charging infrastructure expanding across major highways and cities.
What subsidies are available in 2025 for EV buyers?
In 2025, EV buyers in India can avail subsidies under the PM E-Drive scheme and state policies, with incentives up to ₹1.5 lakh for cars and ₹10,000–₹15,000 per kWh for two-wheelers.
