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Electric vehicles are becoming increasingly popular in India. They play a major role in reducing pollution as well as promoting e-mobility. EV buses, electric cars, e-rickshaws and other electric vehicles are now commonly seen across the country, especially in metro cities like Delhi, Bangalore and Mumbai.
To encourage adoption of EVs, the Government of India offers various subsidies and incentives to EV buyers. In this blog post, we will explore the top 10 EV companies in India.
Below, you have provided you with the list of 10 EV companies in India. Their electric vehicles are quite popular in the country. :-
Date of Establishment :- 1945
Tata Motors is one of the top 10 electric vehicle companies in India. It was founded in 1945. It is a part of Tata Group. The Tata Motors company manufactures some of the most popular EV cars in the country.
The brand’s popular EVs include Nexon.ev, Punch.ev, Tiago.ev and the fleet-focused XPRES-T. Tata Motors leads the Indian EV car market. Its models are widely appreciated for having safety, range and reliability for drivers and passengers.
The brand has extensive charging infrastructure and advanced technologies like Ziptron. It continues to focus on expansion of its EV portfolio and market share in the country.
Date of Establishment :- 1945
Mahindra & Mahindra is one of the top EV companies in India. Its journey goes back to 1945, when it was founded in Ludhiana, Punjab, as Mahindra & Mohammed. Later, the company changed its name to its present name Mahindra & Mahindra.
The company was originally established as a steel trading firm. However, it quickly established itself by manufacturing automobiles. With time, Mahindra & Mahindra expanded into a wide variety of industries. It grew into one of the largest agricultural equipment and tractor manufacturers in the world.
It provides high quality electric vehicles like Mahindra XUV400 EV, Mahindra XUV 3XO EV, Mahindra BE 6 & BE 07 and Mahindra XEV 9e & 9S. These EVs are known for comfort, advanced-in car technology and safety.
Date of Establishment :- 2017
Morris Garages, abbreviated as MG, is originally a British automotive brand, known for offering high quality cars. It was founded in the 1920s, and is now owned by the Chinese SAIC Group. MG Motor India was established in 2017 by SAIC Group and JSW Group. In 2019, the brand launched its first car MG Hector SUV.
In India, MG offers popular EVs like Comet EV, SUV ZS EV and Windsor EV. Comet EV is known for urban affordability. SUV ZS EV is an affordable long range EV. Windsor EV focuses on future design, technology and value for money.
Date of Establishment :- 1945
Bajaj Auto was established in 1945. It is one of the top 10 EV companies in India 2026. It is a popular manufacturer of electric three wheelers in the country. Bajaj Auto is making significant investments in the EV segment. The company offers models like Riki and GoGo series in both passenger and cargo variants.
Its models are designed to meet commercial as well as urban mobility needs. The Bajaj EVs provide long driving ranges of around 178 km to 251 km along with fast-charging capabilities and several features. They are ideal for everyday use.
Date of Establishment :- 1911
TVS Motor Company, the flagship company of the TVS Group, is one of the leading EV companies in India. It was founded in 1911, as T. V. Sundram Iyengar & Sons Limited. By revenue, it is one of the largest motorcycle companies in India. It exports to over 60 countries across the world.
TVS Motor Company is one of the largest EV manufacturers in India. It is expanding its electric vehicle sales across the world. It uses its Indonesia facility to manufacture iQube electric scooters for South East Asian markets, alongside sales in India.
Date of Establishment :- 2007
Hero Electric, founded in 2007, is one of the key players in the EV industry in India. It is a part of the HeroEcoTech Group. The business of Hero Electric involves manufacturing affordable, eco-friendly electric two-wheelers for urban commuting. The EVs of Hero Electric focus on efficiency. They come with LED lights and smart technology.
Some of the popular EV models of the company are Flash, Photon, Optima and Atria. The parent company of Hero Electric also has premium EVs under the Vida brand like V1, V2 and VX2 scooters.
Date of Establishment :- 2017
Compared to many EV companies in India, Ola Electric is a relatively new EV brand. However, it quickly became one of the largest EV manufacturers in India. It was founded in 2017 by Bhavish Aggarwal. It manufactures EVs like Ola S1 in 3 variants namely Ola S1 Air, S1 Pro and Ola S1X. Its manufacturing facility is in Krishnagiri in Tamil Nadu.
Apart from manufacturing EVs, the company also produces battery cells at its manufacturing facility. These battery cells then supply energy solutions for its vehicles and other applications. Ola Electric is a publicly traded company on the National Stock Exchange and Bombay Stock Exchange.
Date of Establishment :- 2013
Ather Energy was established in 2013. Its founders are Tarun Mehta and Swapnil Jain. It manufactures electric scooters like Ather 450 series and Ather Rizta. The company has EV manufacturing facilities in Whitefield, Bangalore, and Hosur, Tamil Nadu.
Ather Energy is a publicly listed company on the Bombay Stock Exchange and National Stock Exchange. The models of the company are known for smart features and technology. They are affordable yet offer premium quality.
Date of Establishment :- 1987
KLB Komaki Private Limited was established on 23 November, 1987. Originally, it was involved in the bearings business. Later on, in 2016, the company ventures in the electric vehicle sector within India. In today’s time, Komaki is one of the most popular EV brands in India.
It is a Delhi-based EV manufacturer. The company has a state-of-the-art manufacturing plant that spans over five acres with offices and warehouse in Delhi / NCR. It manufactures electric scooters, electric bikes and e-rickshaws. It is one of the top 10 e rickshaw companies in India, according to the author.
Date of Establishment :- 2015
Okinawa Autotech is an EV company headquartered in Gurgaon, Haryana. Veteran of two-wheeler industry Jeetender Sharma along with his wife Rupali Sharma founded this company in 2015. Their first EV scooter Okinawa Ridge, launched in 2017, was the first high-speed electric scooter in India. After the launch of this scooter, Okinawa iPraise was launched in the same year.
In May 2019, Okinawa became the first company to receive the FAME-II subsidy for its iPraise and Ridge+ electric scooter models. Both the models are equipped with lithium-ion batteries. The company expanded its lineup later that year with the launch of the Okinawa Praise Pro in September, followed by the Okinawa Lite in November and the Okinawa R30 in August 2019.
In January 2021, Okinawa entered the B2B segment with the launch of its first commercial electric scooter, the Okinawa Dual. The EV vehicles provided by Okinawa are environmentally friendly, affordable and high quality.
The top 10 EV companies in India are Tata Motors, Mahindra & Mahindra, MG Motor India, Bajaj Auto, TVS Motor Company, Hero Electric, Ola Electric, Ather Energy, Komaki and Okinawa Autotech. All of them manufacture environmentally friendly electric vehicles that help reduce pollution.
Need assistance in EV company registration in India? Connect with our company registration consultants at Registrationwala!
Q1. What are the top 10 EV companies in India?
A. According to the author, they are :- Tata Motors, Mahindra & Mahindra, MG Motor India, Bajaj Auto, TVS Motor Company, Hero Electric, Ola Electric, Ather Energy, Komaki and Okinawa Autotech.
Q2. Is MG Motor an Indian company?
A. No, it is originally a British automotive company and is now owned by Chinese Giant SAIC Motor. However, it has a strong presence in India through JSW MG Motor India Pvt Ltd - a joint venture between Indian JSW Group and Chinese SAIC Group.
Q3. Does Tata Motors manufacture electric cars?
A. Yes, Tata Motors does manufacture electric cars like Nexon.ev, Punch.ev, Tiago.ev, Tigor.ev and Harrier.ev.
Q4. When was Ola Electric launched?
A. It was launched in 2017, by Bhavish Aggarwal.
Disclaimer :- This article is based on the author’s personal opinion and may or may not represent views of the general public, institutions or organizations. Please note that while the author has made every effort to ensure the accuracy of the information provided, its complete accuracy cannot be guaranteed.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.
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