The EV Sector in India is rising at a really fast tempo, pushed by authorities incentives just like the FAME II scheme, rising environmental consciousness, and developments in expertise. The market is seeing a surge in electrical two wheelers and 4 wheelers, increasing battery and charging infrastructure, and elevated participation and heightened competitors from each startups and established automakers.
Right here is the record of the highest EV producers in India and their Market share for each the four-wheeler and two-wheeler:
4 Wheeler Shares:
1. Tata Motors
Tata Motors is a number one participant in India’s EV market, dominating the four-wheeler phase with fashions just like the Nexon EV, Tigor EV, and Tiago EV. The corporate has benefited from sturdy authorities assist, rising client demand, and an increasing charging infrastructure. Tata Motors ’ market share for Jan 2025 stood at 45 %, it noticed a fall from 74 % in CY23 to 61 % in CY24.
2. JSW MG Motor
JSW MG Motor India is a three way partnership between JSW Group and MG Motor India, geared toward increasing their presence in India’s electrical automobile (EV) market. JSW Group, a serious conglomerate with companies in metal, vitality, and infrastructure, is leveraging its experience to assist native EV manufacturing and inexperienced mobility. JSW MG Motor’s market share for Jan 2025 stood at 38 %, it noticed a acquire from 12 % in CY23 to 22 % in CY24.
3. M&M
Mahindra & Mahindra (M&M) is a number one Indian automaker with a robust presence within the SUV and electrical automobile (EV) segments. The corporate has been actively increasing its EV portfolio below Mahindra Electrical, with fashions just like the XUV400 EV and upcoming Born Electrical (BE) collection. M&M’s market share for Jan 2025 stood at 6 %, and noticed a acquire from 5 % in CY23 to 7 % in CY24.
4. Hyundai Motors
Hyundai Motor India is a key participant in India’s automotive business and a pioneer within the nation’s electrical automobile (EV) phase. The corporate launched India’s first long-range EV, the Hyundai Kona Electrical, adopted by the premium Ioniq 5, primarily based on its superior E-GMP platform. Hyundai market share for Jan 2025 stood at 3 %, and noticed a acquire from 1 % in CY23 to 2 % in CY24.
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Two Wheeler Shares:
1. Bajaj Auto
Bajaj Auto is a number one Indian two- and three-wheeler producer, making a robust push into the electrical automobile (EV) market. The corporate re-entered the EV phase with the Chetak Electrical. Bajaj Auto’s market share for Jan 2025 stood at 22 %, and for the Half Month of February (H1 of Feb) stood at 26 %.
2. TVS Motors
TVS Motor Firm is a number one Indian two- and three-wheeler producer making vital strides within the electrical automobile (EV) phase. The corporate launched the TVS iQube Electrical. TVS Motor’s market share for Jan 2025 stood at 24 %, and for the Half Month of February (H1 of Feb) stood at 22 %.
3. OLA Electrical
Ola Electrical is one in every of India’s fastest-growing electrical automobile (EV) corporations, revolutionizing the two-wheeler EV market with its S1 collection electrical scooters. Backed by Bhavish Aggarwal. OLA Electrical’s market share for Jan 2025 stood at 25 %, and for the Half Month of February (H1 of Feb) stood at 18 %.
4. Ather Power
Ather Power is a number one Indian electrical two-wheeler producer recognized for its high-performance good scooters, the Ather 450X and Ather 450S. Based by Tarun Mehta and Swapnil Jain, Ather Power’s market share for Jan 2025 stood at 13 %, and for the Half Month of February (H1 of Feb) stood at 15 %.
5. Hero Motocorp
Hero MotoCorp, India’s largest two-wheeler producer, has entered the electrical automobile (EV) market via its Vida model, launching the Vida V1 electrical scooter. With a robust legacy within the standard two-wheeler house. Hero Motocorp’s market share for Jan 2025 stood at 2 %, and for the Half Month of February (H1 of Feb) stood at 3 %.
Written By Abhishek Das
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