As India’s electric vehicle (EV) sector continues to mature, a mix of legacy automakers and ambitious startups are revolutionizing the country’s transport scene. With electric cars and bikes gaining traction, India’s EV market share in 2025 is expected to rise significantly. In this article, we highlight 11 top EV companies in India expected to lead the industry’s charge in 2025, showcasing their role in driving the nation’s EV revolution.
Top 11 EV Companies in India
1.) Tata Motors
A dominant name among India’s EV leaders, Tata Motors has rolled out hits like the Nexon EV and Tigor EV. The company is heavily investing in innovation across passenger and commercial electric vehicles, helping it claim a substantial share of the growing EV market.
1.) Mahindra & Mahindra
A veteran in the Indian auto landscape, Mahindra is steering toward greener transport with EVs like the eVerito and eKUV100. The company aims to extend its reach in the electric mobility space, reflecting a strong commitment to sustainable development.
2.) Ola Electric
One of India’s most talked-about EV startups, Ola Electric has made a name for itself with electric scooters that target urban commuters. With aggressive expansion and fresh ideas, Ola is establishing itself as a major player in India’s EV sector.
3.) Ather Energy
Ather Energy stands out with its tech-driven smart scooters, blending functionality with a premium experience. The company continues to grow its product line and charging network, all while championing greener city mobility.
4.) Hero Electric
One of India’s early entrants into the electric two-wheeler market, Hero Electric has a wide range of scooters catering to different segments. Its early start and broad appeal make it a key contributor to India’s EV progress.
5.) MG Motor India
MG has made an impressive debut with the MG ZS EV, drawing attention for its advanced features and reliable performance. It’s quickly emerging as a serious contender in the Indian electric car market.
6.) BYD India
Leaning on global experience, BYD is boosting its presence in India, especially in electric public transportation. With a focus on both passenger and commercial EVs, it’s playing a major part in the country’s evolving EV landscape.
7.) Hyundai Motor India
Hyundai’s Kona Electric has placed the company firmly on the Indian EV map. With strategies that align with FAME II incentives, Hyundai is working toward increasing EV adoption across the country.
8.) Kia Motors
Kia is gearing up to introduce a broad EV portfolio as part of its vision for the future. With a variety of electric vehicles in the pipeline, the brand is poised to secure a strong position in India’s EV market by 2025.
9.) Tata Power
Although it doesn’t make EVs, Tata Power plays a vital role in supporting India’s electric mobility movement. Its investment in EV charging infrastructure is making electric vehicle ownership more practical and accessible.
10.) Olectra Greentech
Specializing in electric buses, Olectra is making significant strides in eco-friendly public transport. With increasing demand for cleaner travel, the company is emerging as a leader in this space.
Hero Electric
Why Watch: Hero Electric is India’s largest EV two‑wheeler maker by volume.
Key Models:
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Photon: Up to 110 km range; top speed 45 km/h.
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Optima HX: 75 km range; very affordable entry point.
Strengths:
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Pan‑India dealer network of 600+ showrooms.
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Wide range of entry‑level to mid‑range models.
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Strong focus on rural markets.
In 2025, Hero Electric plans newer models with swappable batteries and app integration. Their distribution muscle and brand trust make them central to India’s EV adoption
The Road Ahead for India’s EV Industry
India’s EV market is projected to hit USD 23.52 billion by 2030, growing at a CAGR of around 28.52% from 2025. This rapid expansion is fueled by supportive government policies like FAME II, which incentivize both production and consumer adoption of EVs.
Trends and Challenges to Watch
- Expanding Charging Network – With over 26,000 EV charging stations already in place and more on the way, owning an EV is set to become more convenient.
- Tech-Driven Innovation – AI and IoT are being integrated into EVs, enabling features like live battery updates and predictive maintenance.
- Skilled Workforce Gaps – A lack of trained service professionals and limited after-sales support, especially in smaller towns, remains a hurdle.
Final Thoughts
India’s EV landscape is evolving rapidly, fueled by a mix of fresh innovation and established expertise. The companies spotlighted here are not only advancing green transportation but are also tapping into exciting growth opportunities. As we move toward 2025, these industry leaders will be key players shaping the future of mobility in India.
India’s EV landscape in 2025 features a mix of legacy automakers, disruptive startups, and global entrants. Tata Motors and Mahindra Electric lead in four‑wheelers, while Ola Electric, Ather Energy, and TVS iQube drive the scooter market. New players like BYD India and enduring names like Bajaj Chetak keep competition fierce. Each company brings unique strengths—whether it’s range, price, charging infrastructure, or local reach. As government policies and technology evolve, these top EV companies in India will shape the transition to cleaner mobility. Watching their next moves helps you stay informed, whether you plan to buy an EV, invest in stocks, or simply follow India’s green revolution.
