Do you know that over 4,500 electric vehicles are sold in India every day?

Yes, that’s the daily average of EV sales that happened between April 2023 and March 2024. This is a big figure and is only expected to increase dramatically in the coming years. 

EV companies in India are seeing huge growth, both in numbers and revenue. Traditional automobile manufacturers are going electric, and more companies are entering the booming EV market. So, if you want to buy an electric vehicle, you already have a lot of options to choose from. 

With this blog, we hope to make it easier for you to make a choice. Here is a list of 10 of the best EV companies in India in 2025. Read on to learn which one suits you best!

Top 10 EV Companies In India

We considered several factors, such as brand image, network of charging stations, average vehicle specifications, and overall consumer trust the company has built over the years.

Here is an overview of the 10 best EV Companies in India that shine on these factors:

EV Company	Two Wheelers	Four Wheelers	Top Models	Website
Hero Electric	✅	❌	Optima CX 5.0,Optima CX 2.0,Atria LX	Hero Electric
Ola Electric	✅	❌	S1 Pro, S1 Air, S1 X	Ola Electric
Ather Energy	✅	❌	Ather 450S, 450X, 450 Apex, Ather Rizta	Ather Energy
Okinawa Autotech	✅	❌	OKHI-90, iPraise+, Ridge 100	Okinawa
TVS	✅	❌	TVS X, TVS iQube	TVS Motor
Tata Motors	❌	✅	Nexon, Punch, Tigor	Tata Motors EV
MG Motor India	❌	✅	Comet EV, ZS EV	MG Motor India
Mahindra Electric	❌	✅	XUV400	Mahindra Electric
Hyundai	❌	✅	KONA Electric, IONIQ 5	Hyundai
Volvo Cars	❌	✅	Volvo C40, Volvo XC40	Volvo Cars

Some of these companies produce and sell only electric vehicles, while others also offer traditional ICE vehicles. Nevertheless, for the rest of the blog, we will mainly focus on each company’s EV models.

Top 5 EV Companies In India (Two-Wheelers)

Electric two-wheelers in India start at an economical range of INR 60,000 to INR 70,000. If you want to get your hands on your first electric two-wheeler, there are a lot of promising options in the Indian EV market. Here are five of them:

1. Hero Electric

Establishment Year	1956
Headquarters	Gurgram, Haryana, India
Type of Vehicle	2-Wheelers

Hero is one of India’s oldest two-wheeler companies. It was also among the country’s first companies to introduce electric two-wheelers. Besides Hero Electric, Hero also powers another electric mobility brand called Vida.

Currently, Hero Electric is India’s largest manufacturer of electric two-wheelers. Its range of two-wheelers includes best-selling models like Optima CX 5.0 as well as low-cost, no-license models like Atria, Flash, and Hero Eddy.

With a presence in over 25 states and a customer base of over 600,000, Hero Electric is a leader in the Indian EV landscape. It is your ideal choice if you want to buy an electric two-wheeler.

2. Ola Electric

Establishment Year	2017
Headquarters	Bengaluru, Karnataka, India
Type of EV	2-Wheelers

OLA Electric is one of the premier electric two-wheeler companies in India. It is known for its high-tech, feature-rich electric scooters that can do much more than take you places.

All scooters come with smart IoT-enabled features, such as navigation, proximity unlock, rider profiles, and access controls that enhance the overall experience. You also get a dedicated mobile app to control your e-scooter remotely.

The company also has an extensive nationwide network of over 900+ experience centers where you can try out the e-scooters and charge them for free. So, you can rest assured about getting post-sales maintenance whenever you need it.

3. Ather Energy

Establishment Year	2013
Headquarters	Bengaluru, Karnataka, India
Type of EV	2-Wheelers

If you are looking for an EV company that efficiently checks the boxes of performance, features, and nationwide aftersales presence, Ather Energy sets a high bar.

The company has been in business for over 10 years and has established a solid and loyal customer base during this time. Its models, including the flagship Ather 450 series, are known for their outstanding performance and intelligent capabilities.

With over 2,500 charging stations across the country, Ather Energy claims to boast India’s largest 2-wheeler fast-charging network. This major upside has earned the company a top spot at the national level.

4. Okinawa Autotech

Establishment Year	2015
Headquarters	Gurgaon, Haryana, India
Type of EV	2-Wheelers

Okinawa is another established two-wheeler manufacturer in India. It launched its first high-speed electric scooter in 2017 and currently has nine models in its lineup.

The company boasts a wide range of e-scooters, from entry-level license-free models like Okinawa Lite to high-speed, long-range ones like OKHI-90 and iPraise+. While the features vary between models, most Okinawa scooters offer promising performance and durability.

In March 2023, Okinawa crossed the milestone of 2.5 lakh sales. Clearly, it’s one of the most trustworthy names in the Indian EV industry.

5. TVS Motor

Establishment Year	1978
Headquarters	Chennai, Tamil Nadu, India
Type of EV	2-Wheelers

TVS Motor is the third-largest two-wheeler manufacturer in India and one of the largest in the world. The company has a presence not only in India but also in other parts of Southeast Asia, the Middle East, Africa, and South America.

While the company mainly produces traditional two-wheelers and three-wheelers, its Electric segment boasts two great-performing models—TVS X and TVS iQube. While the X model is a premium one, the iQube series models are more popular within the budget segment.

TVS is one of the most trusted names in the Indian automobile industry. If you don’t want to take any chances with newer companies, you can definitely go for TVS e-scooters.

Top 5 EV Car Companies In India (Four-Wheelers)

The Indian four-wheeler EV market is comparatively less developed than in other countries. Nevertheless, we do have some really good options, with prices starting at around INR 7-8 lakhs:

1. Tata Motors

Establishment Year	1945
Headquarters	Mumbai, Maharashtra, India
Type of EV	4-Wheelers

No list of Indian automobile companies is complete without the name of TATA Motors. After all, it is among the five largest automobile manufacturers in India, with a presence in over 44 countries worldwide.

The company’s EV lineup boasts four models across different budget segments: Punch, Nexon, Tiago, and Tigor. Tiago is the most budget-friendly, and Nexon is the most premium model. Models vary based on several factors, like range and top speed.

If you are looking for an electric four-wheeler that not only promises performance but also fits your budget, you can go for a Tata EV. The company has a network of over 8,000 charging centers, which is another big plus point!

2. MG Motor India

Establishment Year	2017
Headquarters	Gurugram, Haryana, India
Type of EV	4-Wheelers

MG Motor India is a joint venture between India’s JSW Motors and China’s SAIC Motors, which sells cars under the brand name MG Motors. 

While MG Motors’ origins go back to 1924 in England, the Indian venture is just a few years old. Nevertheless, the company flaunts two attractive EV models in the country as of May 2024—the MG Comet EV and the MG ZS EV. While the Comet EV is a budget model, the ZS EV is a more well-rounded model with superior performance.

You can go for one of the two models according to your budget and requirements. The network of charging stations is pretty decent, with over 1500 stations across the country. 

3. Mahindra Electric

Establishment Year	1945
Headquarters	Mumbai, Maharashtra, India
Type of EV	4-Wheelers

Mahindra Electric is part of the Mahindra & Mahindra group and is among India’s largest automobile manufacturers. 

Currently, Mahindra only offers one electric SUV model–the XUV400. But if an electric SUV is what you are looking for, you might not need to look any further, as this model ticks off key performance metrics. 

What’s more, the company also plans to launch several futuristic next-gen eSUV models starting in 2025. Hopefully, these models will be worth the wait!

4. Hyundai

Establishment Year	1996
Headquarters	Gurugram, Haryana, India
Type of EV	4-Wheelers

Hyundai is another popular and trusted car brand in India. It’s a subsidiary of the South Korea-based Hyundai Motor Company and sells a range of four-wheelers, including sedans, hatchbacks, SUVs, and EVs.

With its EV lineup, Hyundai aims to sell premium models boasting high performance and long range. As of May 2023, there are only two Hyundai EV models in India: KONA Electric and IONIQ 5. Both models offer premium design, high range and top speeds, and over-the-top advanced features.

Although Hyundai EV models can feel a bit heavy on the pocket, their specifications and features compensate for them in kind. 

5. Volvo Cars

Establishment Year	1927
Headquarters	Gothenburg, Sweden
Type of EV	4-Wheelers

Volvo Cars is a Swedish luxury car maker. Besides Sedans and SUVs, the company also produces station wagons and sells them worldwide.

Volvo can be your go-to company if you are looking for a luxury electric car. It currently sells two fully electric SUV models in India: C40 and XC40. Both models have a range of over 500 km per charge and offer aggressively fast accelerations.

The company has been in the carmaking business since 1927. So, if the budget is not a concern, you can rest assured that Volvo EVs have the best-in-class quality and durability.

Conclusion: EV Companies In India Offer Promising Options

The Indian EV market is full of companies producing two- and four-wheelers that shine on performance, technology, sustainability, and durability. The above list of ten companies contains some of the best names in the country. 

However, based on my personal preferences, here are my top 3 Indian EV companies:

1. Hero Electric: One of the oldest and most trusted Indian 2-wheeler brands
2. Ather Energy: The largest network of electric two-wheeler charging stations
3. Tata Motors: For its wide range of cars and an extensive charging network

While these companies are currently the big players in the Indian EV market, international giants like Tesla, VinFast, and Leapmotor are also keen on manufacturing EVs in India. We are all set to see more and better EV companies in India in the coming years!