Climate change is real and so is the need to reverse it. This is not new to any of us. And I know we all want to make a difference. But the question is how do we reverse climate change and also advance our development as a nation, together? Let’s have a look at companies that will make this happen. 

Top EV Companies Driving India

Tata Electric

Tata Nexon EV Companies is currently the best-selling electric SUV in India. It was launched in the market back in 2020 and it is a well-received product among electric car buyers in India.

Tata Motors has made sure to build a rock-solid presence in the EV market. After years of supplying its electric sedan Tigor EV companies to the government, the company launched its EVs among the Indian audience to a wide reception. Electric cars from the house of Tata Motors have been the face of the new-age EVs in India.

Tata Motors has registered four new names for its future cars, expected to be the names of its next-in-line EVs. By 2026, it aims to bring a total of 10 electric cars to India. So, we know Tata Motors will be a frontrunner in EV adoption of India, at least for the decade to come. Electric has been electrified, with Ziptron technology. It isn’t just superior performance. It’s also superior drive comfort. Delivered effortlessly because of the total synergy between our battery, motor and power electronics. 

“Ziptron technology happily scores zero on a lot of things. Zero noise. Zero vibrations. And zero emissions. What this means is that you get a smoother drive and a car that’s quieter and lasts longer. All while leaving behind a cleaner world.” as described on the Tata Electric website 

Tata Motors recorded its highest-ever electric vehicle sales in the month of May 2022. The company sold 3,454 EVs in India last month, registering a massive 626 percent YoY growth. Tata Motors has revealed its sales figures for the month of May 2022. 

Mahindra

To promote the growth of Electric Vehicles (EV) Companies in the country, Mahindra & Mahindra (a part of the $19 billion Mahindra Group) sought the opportunity to combine their years of car manufacturing expertise with the country’s leading EV manufacturer- Reva Electric Car Company (founded in 1994) and renamed it to Mahindra Reva Electric Vehicles.

Reva had a good long run before eventually retiring as e2O in March 2019. While the car bowed out of the EV race, Mahindra has built very strongly on its EV portfolio ever since. Today, it offers a total of five electric vehicles in India. One, is an electric sedan for the masses, by the name of eVerito, which many are familiar with. Then there are commercial EVs like eSupro, Treo, Treo Zor, and e-Alfa Mini. It still lists the e2O Plus on its website as part of its legacy. 

“Mahindra Electric Mobility Limited, part of the Mahindra Group, has closed the financial year with a market share of 73.4%*, making it the No.1 electric 3-wheeler manufacturer in the country. With a whopping 214% growth from FY’21,” said in a press release.

 Mahindra Electric has one of the largest portfolios of electric 3-wheelers with the Treo auto, Treo Yaari, Treo Zor, e Alfa Mini, and e Alfa Cargo to suit the needs of its varied customers. Treo also happens to be the first Li-ion electric 3-wheeler platform to cross 18000+ sales since launch. Mahindra’s last mile products have cumulatively traveled more than 427 Million kilometers and saved more than 42835 metric tonne CO2.”Suman Mishra, CEO of Mahindra Electric.

Ola Electric

More than 80% of the vehicles sold in India today are two-wheelers and despite that only 12% of India owns a two-wheeler. These vehicles consume 12,000 cr liters of fuel every year and are responsible for 40% of air pollution. 

“Clearly, this market is going to grow exponentially in the coming years and we simply cannot allow that to happen. So moving to EV Companies is no longer optional, it’s crucial ” Ola aims for the coming years.

Ola’s goal has been to build products that are both sustainable and revolutionary and with the S1, they’ve done just that. They claim to have the best design, best performance, and best technology. 

It is setting new industry benchmarks with a range of 181 Kms, acceleration of 0-40 kph in 3.0 seconds, and a top speed of 115 kmph. It has a 3.97kWh of battery capacity, more than 30% higher than the next closest EV, and the most powerful motor in the category with 8.5 KW of peak power.  

Ashok Leyland

Ashok Leyland, flagship of the Hinduja group, is the 2nd largest manufacturer of commercial vehicles in India, the 4th largest manufacturer of buses in the world, and the 19th largest manufacturers of trucks. Headquartered in Chennai, 9 manufacturing plants gives an international footprint – 7 in India, a bus manufacturing facility in Ras Al Khaimah (UAE), one at Leeds, United Kingdom and a joint venture with the Alteams Group for the manufacture of high-press die-casting extruded aluminum components for the automotive and telecommunications sectors, Ashok Leyland has a well-diversified portfolio across the automobile industry. Ashok Leyland has recently been ranked as 34th best brand in India. 

Ashok Leyland’s Switch Mobility expects 1,000 electric bus orders by end of FY23 Ashok Leyland has invested close to $180 million on its electric vehicle assets so far, and is in the process of raising funds to the effect of $200 million for new product development and capacity expansion for Switch Mobility in India and the UK, as well as its new facility in Spain, Mahesh Babu, chief executive officer, Switch Mobility said in an interview. 

“We are looking to raise around $200 million for Switch, which will be used in improving products and capacity. In Ohm, the $100 million will be used to acquire new businesses,” said Mahesh Babu, Chief Operating Officer at Switch Mobility. Ohm Global Mobility looks into eMaaS (e-mobility as a service) and will look at the operational side, including maintenance, installation of charging points at depots and other on-ground work for Switch buses. Switch as a whole is going to invest $200-300 million over the next five years, he added. The company was reportedly planning to invest Rs 1,000 crore in a Switch-dedicated facility in South India. 

Ather Energy

Ather has been one of the pioneers in the Indian electric two-wheeler space. Not only did the company come out with its Ather 450 as early as 2016, it even managed to make an exceptional e-scooter which is a hot sell to this day. A classy style, new-age features, and promising performance made the Ather 450 a favourite of the masses soon after its launch.

Ather has another focus of enabling a rapid EV charging network across cities. This is fulfilled under its initiative called Ather Grid, a fast charging network available at over 350 points across 30 plus cities. Ather says that the chargers can juice up an Ather 450 for a day’s range in just 30 minutes. 

Ather energy raised $128 million in May 2022 led by the Indian Government Sovereign Fund, Hero MotorCorp. 

” The funding will be used to expand manufacturing facilities, charging infrastructure, invest in research and development, and grow our retail network.”  Tarun Mehta CEO and Co-founder Ather Energy

Ather Energy has recently announced that it has managed to record its highest-ever monthly sales of 3,787 units in the month of May’22. The company has managed to grow at a steady pace in the market. While the March’22 numbers stood at 2,591 units, April’22 recorded sales of 3,779 units of Ather’s models. 

It would be exciting to see the transition period for vehicles. It will fundamentally shatter today’s auto maintenance and service sector as well.

Electric Vehicles are set to dominate the automobile sector in the coming future as prices will drop and performance improves, it will be more viable for customers.