The electric vehicle (EV) sector in India is experiencing an exciting phase of growth and innovation in 2024. The Indian government’s focus on reducing carbon emissions, along with increasing consumer awareness and demand for sustainable mobility solutions, has created a thriving environment for EV startups. In this article, we explore India’s top 10 electric vehicle startups of 2024, highlighting their unique contributions to the industry and the future of mobility in the country.
list of the top 10 electric vehicle (EV) manufacturers in India for 2024, along with their market share and approximate market prices for some of their popular models:
Rank | Manufacturer | Market Share | Popular Models | Approximate Market Price (INR) |
1 | Tata Motors | 35% | Tata Nexon EV, Tata Tigor EV | ₹12.49 lakh – ₹17.49 lakh |
2 | MG Motor India | 15% | MG ZS EV | ₹21.18 lakh |
3 | Mahindra Electric | 10% | Mahindra e2o Plus, Mahindra eKUV100 | ₹8.25 lakh – ₹10.50 lakh |
4 | BYD India | 8% | BYD e6, BYD Tang | ₹25.00 lakh – ₹30.00 lakh |
5 | Hyundai Motor India | 7% | Hyundai Kona Electric | ₹23.72 lakh |
6 | Ola Electric | 6% | Ola S1, Ola R | ₹1.10 lakh – ₹1.50 lakh |
7 | TVS Motors | 5% | TVS iQube, TVS Jupiter EV | ₹1.20 lakh – ₹1.40 lakh |
8 | Hero Electric | 4% | Hero Electric Photon, Hero Electric Optima | ₹1.00 lakh – ₹1.30 lakh |
9 | Ather Energy | 3% | Ather 450X, Ather 450 Plus | ₹1.40 lakh – ₹1.60 lakh |
10 | Okinawa Autotech | 2% | Okinawa Ridge, Okinawa RTR | ₹1.00 lakh – ₹1.20 lakh |
Tata Motors
Tata Motors is a leading player in India’s electric vehicle (EV) market, offering a range of EVs designed to meet various needs and preferences. Here are some details about their popular EV models:
Tata Nexon EV
- Features: Powered by Tata’s Ziptron technology, the Nexon EV offers a high voltage system, zippy performance, long-range, fast charging capability, extended battery life, and class-leading safety features.
- Price: Starting at approximately ₹12.49 lakh (ex-showroom).
- Range: Certified full charge range of up to 489 km.
- Charging: Fast charging from 0 to 100 kmph in about 40 minutes.
Tata Tigor EV
- Features: The Tigor EV is designed for city driving, offering a comfortable ride with advanced safety features and a digital dashboard1.
- Price: Starting at approximately ₹12.49 lakh (ex-showroom).
- Range: Certified full charge range of up to 306 km.
- Charging: Fast charging from 0 to 80% in about 57 minutes.
Tata Tiago EV
- Features: The Tiago EV is a compact hatchback with a stylish design, digital dashboard, and a range of features for urban commuting1.
- Price: Starting at approximately ₹8.75 lakh (ex-showroom).
- Range: Certified full charge range of up to 315 km.
- Charging: Fast charging from 0 to 80% in about 57 minutes.
Tata Curvv EV
- Features: The Curvv EV is an upcoming SUV coupé designed to impress with its blend of elegance and innovation. It offers luxurious comfort, robust performance, and top-tier safety features4.
- Price: Expected to be around ₹15 lakh (ex-showroom).
- Range: Expected to be around 400 km.
- Charging: Fast charging from 0 to 100 kmph in about 40 minutes.
Tata Punch EV
- Features: The Punch EV is designed for versatility, offering a new world of possibilities for those who want to go beyond everyday driving.
- Price: Expected to be around ₹14 lakh (ex-showroom).
- Range: Expected to be around 350 km.
- Charging: Fast charging from 0 to 100 kmph in about 40 minutes.
MG Motor
MG Motor India is a significant player in the Indian electric vehicle (EV) market, offering a range of EVs that cater to various needs and preferences. Here are some details about their popular EV models:
MG ZS EV
- Features: The MG ZS EV is a compact SUV with a range of advanced features, including a 50.3 kWh battery pack, 461 km range on a single charge, and a 0-100 kmph time of 8.5 seconds. It also includes i-SMART technology with over 75 connected features, panoramic sunroof, and multiple airbags for enhanced safety1.
- Price: Starting at approximately ₹24.73 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 50 kW DC fast charger.
MG Comet EV
- Features: The MG Comet EV is a compact electric car designed for urban commuting, featuring a 17.3 kWh battery pack, 230 km range on a single charge, and i-SMART technology with 55+ connected features. It also includes safety features like ABS, EBD, Hill Hold Control, and Electronic Stability Control2.
- Price: Starting at approximately ₹9.99 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 55 minutes.
MG Windsor EV
- Features: The MG Windsor EV is a mid-sized electric SUV with a 38 kWh battery pack, 332 km range on a single charge, and a power output of 136 PS and 200 Nm of torque. It also includes the MG e-Shield Package, offering 3 years of unlimited warranty, RSA, and labor-free maintenance services3.
- Price: Starting at approximately ₹13.50 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 55 minutes.
MG Hector Plus (7-seater variants)
- Features: The MG Hector Plus offers two new 7-seater variants: Select Pro and Smart Pro. These variants come with advanced features like a 14-inch HD portrait infotainment system, i-SMART technology, wireless Apple CarPlay and Android Auto, and a range of safety features4.
- Price: Select Pro starting at approximately ₹19.71 lakh (ex-showroom), Smart Pro starting at approximately ₹20.64 lakh (ex-showroom).
Mahindra Electric
Mahindra Electric is a key player in India’s electric vehicle (EV) market, offering a range of EVs designed for various needs and preferences. Here are some details about their popular EV models:
Mahindra e2o Plus
- Features: The e2o Plus is a compact electric car designed for urban commuting, featuring a 19 kWh battery pack, a range of up to 140 km on a single charge, and a top speed of 85 km/h. It includes features like a digital dashboard, reverse parking sensors, and ABS with EBD.
- Price: Starting at approximately ₹8.25 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 15 kW DC fast charger.
Mahindra eKUV100
- Features: The eKUV100 is a mini electric SUV designed for city driving, offering a 15.3 kWh battery pack, a range of up to 150 km on a single charge, and a top speed of 90 km/h. It includes features like a digital instrument cluster, reverse parking sensors, and dual airbags.
- Price: Starting at approximately ₹10.50 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 15 kW DC fast charger.
Mahindra XUV400 EV
- Features: The XUV400 EV is a compact electric SUV with a 34.5 kWh battery pack, a range of up to 375 km on a single charge, and a top speed of 150 km/h. It includes features like a 10.25-inch touchscreen system, dual-zone AC, wireless phone charging, and multiple airbags.
- Price: Starting at approximately ₹15.49 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 50 minutes with a 50 kW DC fast charger.
Upcoming Models
- Mahindra XEV 9e: A luxury electric SUV with advanced features and a focus on premium comfort and design.
- Mahindra BE 6e: A performance-focused electric SUV designed for exhilarating driving experiences.
BYD India
BYD India is making significant strides in the electric vehicle (EV) market with a range of innovative and eco-friendly vehicles. Here are some details about their popular EV models:
BYD eMax 7
- Features: The eMax 7 is a spacious electric MPV with a 71.7 kWh battery pack, offering a range of up to 415 km on a single charge. It comes with advanced features like a 12.3-inch touchscreen infotainment system, Level 2 ADAS (Advanced Driver Assistance System), panoramic sunroof, and powered and ventilated front seats3.
- Price: Starting at approximately ₹26.90 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 50 kW DC fast charger.
BYD Atto 3
- Features: The Atto 3 is a compact electric SUV with a 50.3 kWh battery pack, offering a range of up to 480 km on a single charge. It includes features like a 12.8-inch touchscreen infotainment system, wireless Apple CarPlay and Android Auto, and multiple airbags for enhanced safety3.
- Price: Starting at approximately ₹24.99 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 50 kW DC fast charger.
BYD Seal
- Features: The Seal is a high-performance electric sedan with a 95 kWh battery pack, offering a range of up to 700 km on a single charge. It includes features like a 15-inch touchscreen infotainment system, premium leather seats, and advanced driver assistance systems.
- Price: Starting at approximately ₹41.00 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 1 hour with a 100 kW DC fast charger.
Hyundai Motor
Hyundai Motor India has been expanding its electric vehicle (EV) lineup to cater to the growing demand for sustainable transportation. Here are some details about their popular EV models:
Hyundai Kona Electric
- Features: The Kona Electric is Hyundai’s first electric car in India, featuring a 39.2 kWh lithium-ion battery pack, a range of up to 452 km on a single charge, and a power output of 136 bhp with a peak torque of 395 Nm. It includes features like a 7-inch digital instrument cluster, HUD, wireless smartphone charging, 8.0-inch touchscreen infotainment system, Android Auto, Apple CarPlay, heated and ventilated front seats, and 10-way driver seat adjustments.
- Price: Starting at approximately ₹23.84 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 57 minutes with a 50 kW DC fast charger.
Hyundai Ioniq 5
- Features: The Ioniq 5 is built on Hyundai’s new Electric-Global Modular Platform (E-GMP), offering a range of up to 631 km on a single charge. It includes features like a 12.3-inch touchscreen infotainment system, wireless Apple CarPlay and Android Auto, and multiple airbags for enhanced safety.
- Price: Starting at approximately ₹44.95 lakh (ex-showroom).
- Charging: Fast charging from 0 to 80% in about 18 minutes with a 350 kW DC fast charger.
Upcoming Models
- Hyundai Creta EV: Expected to be launched next year, the Creta EV will borrow design cues from its petrol and diesel counterparts and is expected to offer a range of around 450 km.
- Hyundai Inster EV: A micro-SUV built on Hyundai’s E-GMP platform, offering dual 10.25-inch screens, ADAS, automatic climate control, and a range of around 300 km per charge.
- Hyundai Grand i10 NIOS EV: Hyundai’s response to the Tata Tiago EV, offering a driving range suitable for city use and EV-specific features like regenerative braking.
- Hyundai Venue EV: Leveraging the established Venue platform, it will feature unique design elements and a robust equipment array.
Ola Electric
Ola Electric is a prominent player in India’s electric vehicle (EV) market, known for its innovative and eco-friendly electric scooters. Here are some details about their popular models:
Ola S1 Series
- Ola S1 Air: Starting at approximately ₹74,999, it offers a range of 151 km on a single charge and features like keyless unlock, proximity unlock, and advanced connectivity.
- Ola S1 X: Starting at approximately ₹86,999, it offers a range of 193 km on a single charge and includes features like a 12.7 cm (5″) segmented display, proximity unlock, and advanced regenerative braking.
- Ola S1 Pro: Starting at approximately ₹1,00,499, it offers a range of 151 km on a single charge and includes features like keyless unlock, proximity unlock, and advanced connectivity.
Ola Roadster Series
- Ola Roadster X: Starting at approximately ₹1,04,999, it offers a range of 193 km on a single charge and includes features like a 12.7 cm (5″) segmented display, proximity unlock, and advanced regenerative braking.
- Ola Roadster Pro: Starting at approximately ₹1,99,999, it offers a range of 193 km on a single charge and includes features like a 12.7 cm (5″) segmented display, proximity unlock, and advanced regenerative braking.
TVS Motors
TVS Motors is a prominent player in India’s electric vehicle (EV) market, offering a range of innovative and eco-friendly electric scooters. Here are some details about their popular EV models:
TVS iQube Series
- TVS iQube 2.2 kWh: Starting at approximately ₹89,999, it offers a range of 75 km on a single charge and features like front disc brakes, a digital instrument cluster, and a USB charging port.
- TVS iQube 3.4 kWh: Starting at approximately ₹1,26,628, it offers a range of 100 km on a single charge and includes features like a 5″ color TFT display, under-seat storage, and SmartXonnect for smartphone connectivity.
- TVS iQube S: Starting at approximately ₹1,44,420, it offers a range of 100 km on a single charge and includes features like a 7″ color TFT display, joystick control, and advanced connectivity options.
- TVS iQube ST: Starting at approximately ₹1,55,555, it offers a range of 100 km on a single charge and includes features like a 7″ touchscreen display, Q-Park parking assist, and TPMS (Tire Pressure Monitoring System).
TVS X
- Features: The TVS X is a high-performance electric scooter with a futuristic design, a 10.2″ X-Tilt TFT panoramic display, and features like regenerative braking, Smart Hill Hold technology, and personalized profiles.
- Price: Starting at approximately ₹2,49,990.
- Charging: Fast charging from 0 to 80% in about 4 hours and 30 minutes with a portable charger.
Hero Electric
Hero Electric is a leading manufacturer of electric two-wheelers in India, offering a range of innovative and eco-friendly scooters. Here are some details about their popular models:
Hero Electric Optima Series
- Optima CX 2.0: A city speed variant with a top speed of over 45 km/hr, starting at approximately ₹83,300.
- Optima CX 5.0: Another city speed variant with a top speed of over 45 km/hr, starting at approximately ₹104,360.
- Optima NX 5.0: A premium city speed variant with a top speed of over 45 km/hr, starting at approximately ₹110,891.
Hero Electric Photon Series
- Photon LP: A city speed variant with a top speed of over 45 km/hr, starting at approximately ₹110,891.
Hero Electric Atria Series
- Atria LX: A comfort speed variant with a top speed of 25 km/hr, starting at approximately ₹77,690.
- Atria Flash LX: Another comfort speed variant with a top speed of 25 km/hr, starting at approximately ₹59,640.
Hero Electric Nyx Series
- Nyx 5.0: A city speed variant with a top speed of over 45 km/hr, starting at approximately ₹1,00,499
Ather Energy
Ather Energy is a prominent player in India’s electric vehicle (EV) market, known for its innovative and high-performance electric scooters. Here are some details about their popular models:
Ather 450 Series
- Ather 450S: Starting at approximately ₹1,15,599, it offers a range of 85 km on a single charge and features like a 7″ TFT display, Bluetooth connectivity, and a top speed of 90 km/h3.
- Ather 450X: Starting at approximately ₹1,40,599, it offers a range of 85 km on a single charge and includes features like a 7″ TFT display, Bluetooth connectivity, and a top speed of 90 km/h3.
- Ather 450 Apex: Starting at approximately ₹1,94,999, it offers a range of 110 km on a single charge and includes features like a 7″ TFT display, Warp+ mode, and a top speed of 100 km/h.
Ather Rizta
- Features: The Rizta is a new addition to Ather’s lineup, designed for a more premium and stylish look. It offers a range of 85 km on a single charge and includes features like a 7″ TFT display, Bluetooth connectivity, and a top speed of 90 km/h2.
Okinawa Autotech
Okinawa Autotech is a leading manufacturer of electric two-wheelers in India, known for its innovative and eco-friendly scooters. Here are some details about their popular models:
Okinawa iPraise Series
- iPraise+: Starting at approximately ₹1,00,000, it offers a range of 137 km per charge and a top speed of 50 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 2700 watt BLDC motor.
- iPraise Pro: Starting at approximately ₹1,20,000, it offers a range of 150 km per charge and a top speed of 55 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 1000W BLDC motor.
Okinawa Ridge Series
- Ridge+: Starting at approximately ₹1,10,000, it offers a range of 160 km per charge and a top speed of 60 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 2700 watt BLDC motor.
- Ridge 100: Starting at approximately ₹1,30,000, it offers a range of 170 km per charge and a top speed of 65 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 2700 watt BLDC motor.
Okinawa R30 Lite
- Features: Starting at approximately ₹1,00,000, it offers a range of 140 km per charge and a top speed of 55 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 2700 watt BLDC motor.
Okinawa OKHI-90
- Features: Starting at approximately ₹1,86,006, it offers a range of 161 km per charge and a top speed of 74 km/h. It includes features like a detachable battery, 72V 50AH lithium-ion battery, and a 3800 watt central mounting motor with belt drive.