Electric Vehicle Industry
The term electric vehicle refers to vehicles powered partially or entirely by electricity. Electric vehicles have low running costs as they have less maintenance cast. Electric vehicles are environmentally friendly as they do not use fossil fuels like petrol or diesel.
The world is undergoing an electric vehicle revolution currently. Electric Vehicles are being invested in by a range of well-known companies such as Tata Motors, Eicher Motors, TVS Motors, Bajaj Auto, Hero MotoCorp, Greaves Cotton, and many more such companies. The following is a list of Indian companies producing electric vehicles, their parts, and their investment details of such companies in the electric vehicle industry.
1. Tata motors Ltd invested 102580.91 Cr Indian rupees
2. Tata Chemicals Ltd. Invested 19155.12 Cr Indian rupees
3. Ashok Leyland Ltd invested 34140.18 Cr Indian rupees
4. Mahindra and Mahindra Ltd invested 105683.8 Cr Indian rupees
5. Maruti Suzuki India Ltd invested 214837.83 Cr Indian rupees
6. Hero MotoCorp Ltd invested 62319.44 Cr Indian rupees
7. Vedanta Ltd invested 82577.47 Cr Indian rupees
8. Hindalco Industries Ltd invested 75297.62 Cr Indian rupees
9. Exide Industries Ltd invested 15907.75 Cr Indian rupees
10. Himadri Special city chemical Ltd invested 1782.03 Cr Indian rupees
11. Amara Raja Batteries Ltd invested 14862.4 Cr Indian rupees
12. Graphite India Ltd invested 9904.57 Cr Indian rupees
13. JBM Auto Ltd invested 2041.18 Cr Indian rupees
14. Greaves Cotton Ltd invested 3038.06 Cr Indian rupees
Tata Motors will invest ₹15,000 crores in October 2021 to launch 10 electric vehicles in the next four years.
The electric vehicle producers in India are Tata Motors, JBM Auto, Olestra Greentech, Mahindra Electric mobility, Ola Electric Mobility, Ashok Leyland Electric, Hyundai, Hero Electric, Menza Motors, Lohia Auto, Kia Motors, Ather Energy, Tork Motors, Menza Motors, Verge Motors, Emflux, Okinawa Autotech, Twenty-Two Motors, Lush Motors, etc. Tata Motors expects that the first round of capital infusion will be completed by March 2022, and the entire funds will be infused by the end of 2022.
Tata Motor’s tech and capabilities and channelize them into EV technology. TATA Motors Limited has set up the entity under TML EVCo for this.
Mahindra Trek, Bajaj RE, Kinetic Safari, Piaggio Ape e-city, Gay am Motor Worked e – Shaft is the most popular three-wheeler electric vehicle in India.
The top two electric wheeler manufacturers are Ather Energy, Revolt Motors, Bajaj Auto, Yo Bikes, Ampere, TVS Motor, Hero Electric, Okinawa Autotech, Altra Vilolette Automotive, Gemopai Electric, Ola Electric, BMW Motorrad, Simple Energy, Okays Electric, and RR Global.
The companies that make batteries for electric vehicles are Amara Raja Batteries, Exide Industries, and Kabra Extrusion Technik.
Ashok Leyland, JBM Auto are heavy electric vehicle manufacturers. The price of a 14-seater electric bus of JBM Auto is 15 lakhs INR. The price of an electric bus of Ashok Leyland starts from 26 lakhs.
The companies that heavy goods require more investment than companies producing cars and scooters. These are dams for electric vehicles also; I.e., companies manufacturing heavy electric vehicles like buses and trucks require more investment than companies producing electric cars and scooters.