India, The World's 3rd largest automobile industry with a 265.06 billion US dollar market size is one of the fastest growing markets for electric vehicles. When the entire world is talking about Net Zero Carbon emission that is a step ahead from promoting Green energy, Minimizing carbon emissions & downsizing the utility of fossil fuels. Electric-based vehicles emerged as one of the best options to solve the issue & save the planet. Only in India, Separately transport system is responsible for 40% of total pollution. Now EV becomes a necessity from luxury and as per expectation the entire ecosystem of EVs will reach 20 lakh crore rupees by 2030. Now the companies are focusing on integrating regenerative braking, battery management systems, quick battery swapping, onboard chargers and telematics in EVs to utilize kinetic energy along with increasing the production of electric vehicles & reduction of cost as well. Manufacturing companies are playing a pivotal role towards sustainable & green energy. Number of manufacturers are competing with each other to be a leader in the Indian automobile industry. Some of most trusted & biggest players are here:

Tata Motors

One of the largest passenger EV manufacturers & most trusted brand of the Indian automobile industry with around 85% market share with best selling electric car models like Tata Nexon, Tata Tigor, Tata tiago, Tata Curvv & most awaited model Tata Avinya. The company is not only working on increasing & selling electric vehicles but also working on Setup thousands of charging stations nationwide. Amazing build quality is a signature of brand TaTa. Its most of the vehicles are globally 5 star rated that shows its capability & making it one of the most reliable brands of electric vehicle industry. 

company Type: Public 

CEO : Shailesh Chandra (President of the Passenger and Electric Vehicle Division)

Total Market Capitalization: Approximately $25 billion

Popular Models: Nexon, Curvv, Tiago, Tigor

Mahindra Electric

One of the biggest market player Mahindra electric has proven their capacity in electric vehicles as other fuel segment. The company is working rapidly in commercial  & passengers vehicles as well. XUV400 EV,Mahindra XEV 9e & latest Mahindra BE 6 created a buzz among buyers. It has created a empire of stunning commercial & passenger vehicles with super comfort, much stylish & extraordinary equipped with advanced technology. Its latest model BE 6 has amazed the world with its powerful AI integrated passenger vehicle that is enough to say just Waaaooowww.

company Type: Public 

CEO : Anish Shah (Managing Director & CEO)

Total Market Capitalization: Approximately $17 billion

Popular Models: Mahindra XUV400 EV, Mahindra XEV 9e & latest Mahindra BE 6

Ola Electric

Popularly known as Indian Tesla, who has changed the entire Indian Scooter market along with tradition, where common people believed in only petrol based models. Its record selling number of scooters & stunning features has just created a aura of electric mobility in the heart of almost every indians. It holds 30% of Indian market share in two-wheeler EV segment & the number is rapidly growing. Record breaking sales, Amazing featured Scooters & superior quality is the USP of Ola Electric. The company is planning to launch commercial utility light speed scooters that will start only from around 40,000 INR. It can be a masterstroke by Ola electric that already changes the entire ecosystem of bike riding in India.

company Type: Private ( Investors are SoftBank, Tiger Global & others)

CEO : Bhavish Aggarwal

Total Market Capitalization: Not publicly available but estimated at around $5 billion during its last funding round in 2023.

Popular Models: Ola S1, Ola S1 pro, Ola Roadster Pro, Ola S1 Z

Ather Energy

An electric two-wheeler industry leader & a trusted specialist EV brand. Super stylish model, Long-lasting battery, Power packed body & outstanding sales after service is USP of Ather Energy. Who has established their brand among big industry leaders like Ola, Hero & others. Since the launching of Ather 450 electric scooter that was introduced in 2018 has created a large pool of super satisfied customers & its growing rapidly. Indian territory Karnataka based company has introduced a large number of models with advanced features, super exotic look & durable battery along with heavy engines. High performing scooters like Ather 450 Apex, Ather 450S and Ather Rizta are one of the best models of this company.      

Company Type: Private ( Investors are Hero MotoCorp and Flipkart founders)

CEO : Tarun Mehta

Total Market Capitalization: Not publicly available but estimated at around $5 billion during its last funding round in 2023.

Popular Models: Ola S1, Ola S1 pro, Ola Roadster Pro, Ola S1 Z

Ashok Leyland

A big giant of the commercial vehicle segment & subsidiary of Multinational industrial group Hinduja. Chennai based & 1948 founded company is a trusted brand whose speciality is in making Trucks, Buses, Army utility vehicles along with electric buses and components. Circuit series buses became a game changer for this company that made it a big giant of the electric commercial vehicle segment among its rival brands like Tata Motors, Volvo and Scania. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) listed this company has around 30-32% market share in the commercial vehicle segment in India.

Company Type: Public 

CEO : Shenu Agarwal 

Total Market Capitalization: Approximately ₹52,000 crore (~$6.5 billion USD)

Popular Models: Circuit Electric, Uluv Electric & Switch Mobility.

These are top brands that manufacture electric vehicles in India. Who made the new vibrant environment of the EV era. When the entire world is facing Global warming & Carbon emission issues, EV became the light of hope and these brands are rapidly helping to overcome these issues in the Indian mobility battleground.