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The Indian electric vehicle (EV) industry is projected to grow from $5.28 billion in 2025 to $17.88 billion by 2032. Here are some EV companies dominating the Indian market.
Ather Energy
It's India’s premium pure-play electric two-wheeler (E2W) manufacturer, based in Bengaluru. Its E2W portfolio comprises the Ather 450 and the Ather Rizta line.
Olectra Greentech
A subsidiary of Megha Engineering and Infrastructures, it is India’s pioneering electric bus manufacturer with a first-mover advantage in zero-emission public transport.
Ola Electric Mobility
It's engaged in building vertically integrated technology and manufacturing capabilities for EVs and EV components. It operates the world's largest E2W manufacturing facility in Tamil Nadu.
Ashok Leyland
The company has manufactured electric buses and trucks based in Chennai under the Circuit branding to focus on sustainable transportation.
Image: Ashok Leyland
Greaves Electric Mobility
A subsidiary of Greaves Cotton Limited, it's a leading player in the Indian market for electric two- and three-wheelers.
Besides these, Mahindra & Mahindra, Bajaj Auto, Okinawa Autotech, JSW MG Motor, among others, are other prominent EV players in the Indian market.
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