Discover the top 30 EV companies in India in 2026 — Tata, Ola, Ather, Mahindra, JSW MG and more. Compare segments, popular models, market share.
30+ Best EV Companies in India in 2026
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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 over 30 EV Companies in India that are revolutionising sustainable commuting through their technological innovations and varied offerings.
A Quick Glance
| Company | Platform |
|---|---|
| Tata Motors | India’s dominant e4W leader; offers Nexon EV, Punch EV, Curvv EV with extended battery warranties and 5-star NCAP safety |
| Mahindra Electric | Born-electric BE 6 and XEV 9e on the INGLO platform; also covers 3W commercial segment via Treo |
| Hyundai Motor India | Creta Electric brings mass-market EV credentials to the ₹17–20L segment; 2 lakh+ Creta units sold in CY2025 |
| JSW MG Motor India | Windsor EV bestseller with disruptive Battery-as-a-Service (BaaS) model; JV with JSW Group since 2023 |
| Tesla India | Entered India in 2025 with Model Y; sets global benchmarks in software, Autopilot, and Supercharger infrastructure |
| Ola Electric | Largest e2W manufacturer; aggressive pricing, vertically integrated Futurefactory, and battery cell development underway |
| Ather Energy | Premium urban scooters (450X, Rizta) backed by Ather Grid fast-charging network; listed in 2025 |
| TVS Motor Company | iQube range delivers next-gen performance; trusted brand with pan-India dealer network |
| Bajaj Auto | Iconic Chetak EV revived in premium avatar; strong R&D capabilities and award-winning design |
| Revolt Motors | India’s first AI-enabled electric motorcycles with geo-fencing, remote diagnostics, and a subscription ownership model |
| Simple Energy | Performance-first Simple One scooter; 105 km/h top speed and 236 km claimed range |
| Okinawa Autotech | Affordable e2W for urban and semi-urban India; wide dealer network in Tier 2/3 markets |
| Ultraviolette Automotive | Sportbike-grade F77 Mach 2 for performance enthusiasts; expanding globally alongside Indian dealerships |
| Okaya EV | In-house battery manufacturing expertise; affordable scooters for budget-conscious consumers and fleet operators |
| Pure EV | Telangana-based innovator with connected, affordable scooters; strong presence in south India |
| EVeium | Luxury electric scooters (Comet, Cosmo, Czar) targeting affluent urban consumers as a lifestyle EV brand |
| Hop Electric | Eco-friendly, budget scooters for city commuters; expanding via dealer partnerships across north and west India |
| Euler Motors | HiLoad EV offers India’s highest payload capacity in e3W cargo; partners with Flipkart, Amazon, and major 3PL operators |
| Omega Seiki Mobility | High-payload Rage+ and Stream City serve urban logistics; partners with leading e-commerce and FMCG companies |
| Lohia Auto | Veteran e-rickshaw and electric cargo manufacturer; affordable commercial EVs serving Tier 2/3 cities and rural markets |
| Greaves Electric Mobility | Multi-brand platform: Ampere (e2W), ELE (e-rickshaw), Teja (e-auto); powered by Greaves Cotton’s manufacturing backbone |
| JBM Group | India’s #1 electric bus maker with 24% market share and 79% tarmac bus share in FY26; order book of 10,000+ e-buses |
| Olectra Greentech | Listed pioneer in electric buses; supplies state transport corporations; unveiled luxury iX intercity e-bus at Bharat Mobility 2025 |
| Tata Power EZ Charge | India’s largest public EV charging network; covers highways, malls, apartments, and fuel stations across the country |
| ChargeZone | Focused on DC fast chargers on national highway corridors; enables long-distance EV travel across India |
| Statiq | Tech-first urban charging platform with app-based booking and multi-network interoperability for seamless EV roaming |
| BOLT.Earth | Workplace and residential charging specialist; cloud-based charging management software for fleet operators and corporates |
| Battery Smart | India’s largest battery swapping network for e2W and e3W; 1,500+ swap stations with under-5-minute swap times |
| Zypp Electric | EV Fleet-as-a-Service leader; rents electric scooters to delivery partners for emission-free last-mile logistics |
| Yulu | India’s largest shared micro-mobility platform with 45,000+ dockless EVs; backed by Bajaj Auto and Magna International |
| MoEVing | Data-driven EV logistics platform; first Indian logistics company to earn VERRA Carbon Credits Accreditation |
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.
India’s electric vehicle market delivered a landmark performance in FY2025–26. According to VAHAN portal registration data, total EV registrations surged across segments — electric two-wheelers (e2W) grew 21.8% to 1.40 million units in FY26 (up from 1.15 million in FY25), while electric four-wheelers (e4W) nearly doubled, surging 91.3% year-on-year to 1,93,633 units. Monthly EV registrations hit a record 2,82,358 units in March 2026, with April 2026 recording 2,39,014 units, reflecting sustained momentum.
On the policy front, the Union Budget 2026–27 earmarked ₹1,500 crore for the PM E-DRIVE (Electric Drive Revolution in Innovative Vehicle Enhancement) scheme, continuing the government’s push to accelerate EV adoption and strengthen charging infrastructure — replacing the now-wound-down FAME-II programme.
The broad automotive sector budget in FY25 had already nearly doubled (+74%) from ₹4,306.81 crore in FY24 to ₹7,484.61 crore in FY25.
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 35+ EV Companies in India in 2026
Here is a list of the top 25 EV companies in India:
SEGMENT 1: Passenger Cars (4-Wheeler EVs)
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
Tata Motors is India’s undisputed leader in the passenger EV segment, commanding the dominant share of the e4W market as India’s e4W registrations nearly doubled to 1,93,633 units in FY26. The company’s portfolio spans entry-level (Tiago EV), mid-range (Punch EV, Nexon EV), and premium (Curvv EV) offerings, giving it unmatched breadth. Tata’s investment in battery technology and its Tata.ev charging ecosystem continue to reinforce its position at the top.business-standard
Strengths:
- Top models like Nexon EV carry a 5-star Global NCAP safety rating
- Widest price band in the 4W EV segment — from ₹8.5L to ₹22L+
- Strong after-sales network and extended battery warranty
Notable Achievements:
- Maintained #1 position in e4W sales throughout FY26
- Drove e4W category growth of 91.3% YoY — the fastest-growing segment in India’s EV market.
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 has undergone a dramatic transformation — moving away from its legacy eVerito and e20Plus models (both now discontinued) to a bold new era anchored by the BE 6 and XEV 9e, India’s first production EVs built on a purpose-built skateboard platform: the INGLO architecture. These “Born Electric” SUVs crossed 20,000 cumulative units in just 5 months of sales, establishing Mahindra as a serious challenger to Tata in the premium EV 4W segment.
Strengths:
- INGLO platform delivers next-gen range, performance, and OTA software capability
- Mahindra’s deep manufacturing base and strong B2B fleet relationships
- Treo range sustains strong 3W EV presence
Notable Achievements:
- BE 6 and XEV 9e customers clocked 9.3 crore km within the first 5 months of launch
- First Indian OEM to launch a ground-up EV-native platform (INGLO)
Hyundai Motor India (Creta Electric — Segment Disruptor)
| Est. Year | 1996 |
| HQ | Chennai, Tamil Nadu |
| Popular Models | Creta Electric, Ioniq 5 |
| Official Website | hyundai.com/in |
About the Company
Hyundai made one of the biggest splashes in India’s 4W EV market in 2025 with the Creta Electric, a fully electric version of India’s best-selling SUV nameplate. The Creta — already a juggernaut in its ICE form — crossed 2,00,000 total units (across all variants) in calendar year 2025, with the electric variant accounting for a meaningful share of that number, averaging ~550 units/day. The Creta Electric democratised EV ownership at the ₹17–20L price band, making Hyundai a key player any 2026 EV list must include.
Strengths:
- Creta brand equity gives instant consumer trust
- Strong after-sales and dealer network across India
- Multiple range variants (Standard and Long Range)
Notable Achievements:
- Creta (all variants) crossed 2 lakh annual sales in CY2025
- Creta Electric positioned as India’s most aspirational mainstream EV SUV in the sub-₹20L bracket
SW MG Motor India (Windsor EV & Battery-as-a-Service)
| Est. Year | 2017 (rebranded as JSW MG Motor India in 2023) |
| HQ | Gurugram, Haryana |
| Popular Models | Windsor EV (bestseller), Comet EV, ZS EV |
| Official Website | mgmotor.co.in |
About the Company
The company formerly known as MG Motor India is now JSW MG Motor India, following the 2023 joint venture between SAIC Motor and JSW Group — India’s largest steel conglomerate. This structural change brought Indian ownership into the fold and gave the brand renewed credibility. The standout product is the Windsor EV, which has become their bestselling model thanks to a disruptive Battery-as-a-Service (BaaS) model — customers can buy the Windsor at just ₹9.99L ex-showroom by leasing the battery separately, with monthly subscriptions starting at ₹5,250 for 1,500 km. The older ZS EV, while still available, is no longer the lead product.
Strengths:
- BaaS model drastically lowers the upfront cost of EV ownership
- More than 35% of total MG sales are now from EVs.
- JSW Group’s backing adds manufacturing depth and distribution clout
Notable Achievements:
- Windsor EV became India’s #2 or #3 best-selling 4W EV model within months of launch
- First mainstream OEM in India to bring Battery-as-a-Service to passenger cars
Tesla India (Global EV Icon Enters India)
| Est. Year | 2003 (India entry: 2025) |
| HQ | Austin, Texas, USA (India office: Mumbai) |
| Popular Models | Model Y |
| Official Website | tesla.com/in |
About the Company
Tesla made its long-awaited India debut in 2025, entering via the CBU (Completely Built-Up) import route with the Model Y — imported from its Berlin Gigafactory (which manufactures right-hand-drive units). While volumes remain limited due to import duties, Tesla’s entry into India carries enormous symbolic and competitive weight. It signals India’s arrival as a premium EV market and is already prompting legacy players to sharpen their product propositions. Showrooms are operational in key metros, and Tesla is scouting local assembly options to reduce prices.
Strengths:
- Global leader in EV technology, software, and Supercharger infrastructure
- Model Y’s Autopilot and OTA software features set a benchmark Indian consumers now compare against
- Brand aspirational pull is unmatched — even at CBU pricing
Notable Achievements:
- First Tesla showrooms opened in India in 2025
- Model Y launch reinforced India’s growing importance as a global EV market
SEGMENT 2: Two-Wheelers (2W EVs)
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. India’s e2W segment grew 21.8% to 1.40 million units in FY26, and Ola has consistently been one of the top-selling brands in this category. The company’s vertically integrated Futurefactory in Tamil Nadu and ongoing R&D investments in cell manufacturing (under the Bharat Cell initiative) make it a vertically integrated EV giant with significant scale advantage.
Strengths:
- Aggressive pricing and wide variant range (S1 X starts under ₹80K)
- Large-scale manufacturing capability
- Battery innovation pipeline (indigenised cell development underway)
Notable Achievements:
- Among top 2 electric 2W sellers in India consistently through FY25–FY26
- IPO’d in 2024 — one of India’s most watched EV public listings
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 tech-forward electric scooters backed by its own Ather Grid fast-charging network — one of India’s most reliable public charging infrastructure plays. The Rizta, launched targeting family riders, expanded Ather’s TAM beyond young urban commuters. Ather IPO’d in 2025, giving the company fresh capital to scale its Hosur plant and expand nationally.
Strengths:
- OTA updates, touchscreen dashboards, and AI-powered ride analytics
- Ather Grid public charging network — one of India’s most extensive 2W fast-charge networks
- Strong NPS and brand loyalty in the premium 2W segment
Notable Achievements:
- IPO in 2025
- One of the first Indian EV companies to build a proprietary charging network.
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 is one of India’s most consistent e2W performers, with the iQube family forming the core of its EV push. TVS combines its seven-decade manufacturing heritage with fast-evolving battery and connectivity tech. The company is also an early investor and partner in EV charging and last-mile mobility.
Strengths:
- Trusted brand with pan-India dealer network
- iQube range covers multiple price and performance points
- Strong R&D capabilities and global partnerships
Notable Achievements:
- iQube consistently among the top 3 electric scooters by monthly sales
- Active expansion of sales and service network in Tier 2/3 cities
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 revived the iconic Chetak nameplate for the electric era, combining retro-premium design with modern EV tech. The Chetak Premium and Sport variants cater to urban commuters who value aesthetics alongside performance. Bajaj continues to invest in expanding Chetak’s retail presence and charging convenience.
Strengths:
- Legendary brand equity with the Chetak name
- Premium product positioning with reliable build quality
- Robust R&D and manufacturing capabilities
Notable Achievements:
- Award-winning design and growing urban market presence
- Chetak community (brand community + app ecosystem) growing rapidly
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, offering geo-fencing, remote diagnostics, and voice commands on its RV400 and RV300. The company targets young urban riders seeking performance and smart features, with a subscription-based ownership model that reduces the upfront barrier to ownership.
Strengths:
- AI and IoT integration on motorcycles — unique in India
- Swappable battery architecture reduces range anxiety
- Subscription ownership model — innovative for the segment
Notable Achievements:
- Launched India’s first AI-enabled electric motorcycle
- Pioneer of software-driven EV ownership models in the 2W space
Simple Energy (High-Speed E-Scooters)
| Est. Year | 2019 |
| HQ | Bengaluru, Karnataka |
| Popular Models | Simple One |
| Official Website | simpleenergy.in |
About the Company
Simple Energy targets performance-first urban riders with its flagship Simple One, which offers a top speed of 105 km/h and a claimed range of 236 km. The company emphasises design-forward aesthetics, connected technology, and battery efficiency — positioning itself as a premium challenger to Ola and Ather.
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.
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.
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.
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.
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.
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.
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.
SEGMENT 3: Three-Wheelers & Commercial EVs
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.
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.
SEGMENT 4: Electric Buses
JBM Group (India’s #1 Electric Bus Manufacturer)
| Est. Year | 1983 |
| HQ | New Delhi |
| Popular Models | Ecolife, Galaxy (tarmac bus), Intercity coaches |
| Official Website | jbmgroup.com |
About the Company
JBM Auto Limited is India’s dominant electric bus manufacturer and one of the most important players in the EV ecosystem that this list previously missed entirely. In FY26, JBM grabbed 24% market share in the Indian electric bus segment and an extraordinary 79% share of the electric tarmac bus market and 50%+ of the intercity luxury coach market. The company registered 1,282 units of electric buses across Telangana, Delhi, Maharashtra, Gujarat, and Assam in FY26, and holds a robust order book exceeding 10,000 electric buses.
Strengths:
- Market leader in city/tarmac electric buses
- Massive confirmed order pipeline of 10,000+ units.
- End-to-end manufacturing capability (bodies + EV drivetrain)
Notable Achievements:
- 24% overall electric bus market share in FY26.
- 79% share of the electric tarmac bus segment.
- Orders from major state transport corporations across India
Olectra Greentech (Listed Pioneer in Electric Buses)
| Est. Year | 1992 (EV buses: ~2018 onwards) |
| HQ | Hyderabad, Telangana |
| Popular Models | K7 (city bus), iX e-bus (intercity), C9 |
| Official Website | olectra.com |
About the Company
Olectra Greentech is one of India’s oldest and largest listed electric bus manufacturers, with a strong presence in state bus fleet electrification programmes. At Bharat Mobility Global Expo 2025, Olectra unveiled the iX e-bus — a new 9-metre luxury intercity electric coach — reflecting the company’s push into the premium inter-city bus segment. Olectra has supplied electric buses to Telangana, Gujarat, Himachal Pradesh, Pune (PMC), and several other STUs, and holds significant orders from the PM E-BUS Sewa scheme.
Strengths:
- Listed company with strong institutional visibility
- Established relationships with state transport corporations
- Pioneer in Indian e-bus segment; operational buses have logged crores of km
Notable Achievements:
- Unveiled iX luxury intercity e-bus at Bharat Mobility 2025.
- Sizeable order book under PM E-BUS Sewa and state EV bus tenders
SEGMENT 5: Charging & Battery Infrastructure
Tata Power EZ Charge (India’s Largest Public Charging Network)
| HQ | Mumbai, Maharashtra |
| Services | Public, home, and commercial AC/DC EV charging |
| Official Website | tatapower.com/ev-charging |
About the Company
Tata Power EZ Charge operates India’s largest public EV charging network, covering thousands of charging points across highways, malls, offices, apartments, and fuel stations. The network supports all major vehicle types — 2W, 3W, and 4W — and offers seamless payment via the EZ Charge app. With Tata Motors as a group company, EZ Charge benefits from close OEM integration, making it the default charging partner for Tata EV owners.
ChargeZone (National Fast-Charging Network)
| HQ | Ahmedabad, Gujarat |
| Services | DC fast charging, highway charging corridors, fleet charging |
| Official Website | https://www.chargezone.co.in/ |
About the Company
ChargeZone is one of India’s fastest-growing EV charging networks, with a focus on DC fast chargers on national highway corridors — a critical gap in India’s charging infrastructure. The company has deployed chargers across major highways connecting metros and tier-1 cities, enabling long-distance EV travel. ChargeZone has also established a fleet charging vertical catering to logistics companies transitioning to EVs.
Statiq (Tech-First Urban Charging Platform)
| HQ | Gurugram, Haryana |
| Services | Public AC/DC charging, roaming across networks |
| Official Website | statiq.in |
About the Company
Statiq is a tech-first EV charging startup that has scaled rapidly across metros and Tier-1 cities. Its app-based platform enables EV users to locate, book, and pay for charging across Statiq’s own network and partner stations. Statiq is notable for its network interoperability initiative, enabling seamless roaming between different charging networks through a single app — a major usability leap for Indian EV owners.
BOLT.Earth (Workplace & Residential Charging Specialist)
| HQ | Bengaluru, Karnataka |
| Services | Workplace, residential, and commercial AC charging; charging management software |
| Official Website | bolt.earth |
About the Company
BOLT.Earth (formerly Lithion Power) has carved a niche in workplace and residential EV charging, helping corporates, housing societies, and businesses deploy charging infrastructure. Beyond hardware, BOLT.Earth’s cloud-based charging management platform is used by fleet operators and property managers to track usage, manage billing, and optimise energy consumption — making it a software-led charging infrastructure play in India’s rapidly expanding market.
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.
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
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.
Furthermore, they can leverage the MultiCollect API for seamless payment collection from different companies simultaneously.
Frequently Asked Questions
Which are the best EV companies in India in 2025?
India’s leading EV companies in 2025 include Tata Motors, Ola Electric, Mahindra Electric, Ather Energy, TVS Motor Company, Bajaj Auto, MG Motor India, and several others. These companies offer a wide range of electric vehicles—from passenger cars and two-wheelers to commercial EVs—fueling the country’s transition to sustainable mobility.
What types of electric vehicles do Indian EV companies manufacture?
Indian EV companies manufacture a variety of vehicles including electric cars (Tata Motors, MG Motor, Mahindra), electric scooters and bikes (Ola Electric, Ather Energy, TVS, Bajaj), three-wheelers (Euler Motors, Lohia Auto, Omega Seiki), and commercial vehicles for logistics and deliveries (Zypp Electric, MoEVing).
What are the latest trends driving the growth of EV companies in India?
Key trends include rapid expansion of charging infrastructure, government incentives and higher budgets, advances in battery technology, new model launches, and greater focus on clean, emission-free transportation. Demand is also rising with urbanization and heightened environmental awareness.
Which Indian EV company has the largest market share in 2025?
Tata Motors leads the four-wheeler EV market in India with a 36% market share, thanks to popular models like the Nexon EV, Tigor EV, and Tiago EV. In the two-wheeler segment, companies like Ola Electric, Ather Energy, and more have established strong positions.
How many EVs were sold in India in 2025 and which segments are growing the fastest?
Over 2 million EVs were sold in FY2025 with two-wheelers dominating sales (over 50%), followed by three-wheelers (~36%) and four-wheelers (6%). India’s EV sector is expected to keep growing, with ongoing government support and increased consumer adoption.
