India is ready to take the global lead towards electric vehicles and make transportation environment-friendly. The strength of the environmental awareness concerning electric cars and the active gubernatorial support have significantly influenced the enhanced uptake of Electric Car Companies.
In 2025, the Indian EV market will be a rich, vibrant environment typified by innovation, affordability, and sustainability. This article explains the world’s best electric car companies in India, their market shares, the models they have brought to the market, and the models they plan to launch.
Learn how market leader Tata Motors and other players such as BMW and BYD Auto began turning the nation electric. First and foremost, this guide will be helpful for EV enthusiasts and anyone interested or planning to buy an EV in India.
Best Electric Car Companies in India Ranked by Market Share (2025)
Learn more about the best electric vehicles that you can buy in 2024.
The EV market share of the top electric car companies in India in 2025 is to be over 62.26%, making Tata Motors the market leader in this field. The various models interested in such as the Tata Tiago. EV, Tata Nexon. EV and the recently unveiled Electric Car Companies, the Tata Curvv.
Ev targets different customers. Tata has remained future-ready through a steady commitment to R&D and forging partnerships with battery makers and technology partners. Its eager plan to bring out a few models, such as the Harrier EV, Sierra EV, and Safari EV, by 2025 shows its commitment to India’s EV change.
Key Highlights:
- Market Share: 62.26%
- Top Models: Tata Tiago.EV, Tata Nexon.EV, Tata Curvv. ev
- Future Launches: Avinya, Harrier EV, Sierra EV
Tata has been a market leader in the Indian EV business, and one reason has been the availability of charging points across the country at comparatively cheaper prices and effective post-sale support.
Still, MG Motors ensures that it increases its market share in the EV segment, with the latest standing at 21.75%. Some of these models include the MG ZS EV and the MG Comet EV, with consistent trends in providing affordable and unique electric vehicles.
Indeed, the Electric Car Companies growth rate in 2024-2025 can be considered spectacular, it reached 125.39% y-o-y, which proves the product’s demand in India. Future products such as the MG Cyberster and the MG 4 EV listed above should enable MG to meet the full demand of the market.
Key Highlights:
- Market Share: 21.75%
- Top Models: MG ZS EV, MG Comet EV
- Future Launches: MG Cyberster, MG 4 EV
Urban/suburban clients have also accepted the Electric Car Companies strategy to emphasize charging network construction and devise an appealing financing model.
This fact puts Mahindra in a favorable strategic position, having entered the Indian EV market first and continuously growing. Orissa-based Indian buyers are still expected to favor the Mahindra XUV400 EV, which will account for 7.2% of the market share in top electric cars 2025.
This strategic move aligns with Mahindra’s visionary endeavors, which has, for instance, signed for the purchase of the Reva Electric Car Companies. Electric Thar and BE series are expected to be the next step in expanding electric models and catering to a wider market.
Key Highlights:
- Market Share: 7.2%
- Top Models: XUV400 EV
- Future Launches: Electric Thar, BE series
The Electric Car Companies core business is localized manufacturing, and competitive pricing makes it a major market contender in the Indian EV sector.
BYD, one of the world’s largest new energy vehicle manufacturers, has come a long way from being known as a battery producer. Similarly, in 2025, BYD has a 2.86% market share in India based on the models in circulation, such as the BYD Atto 3 & BYD e6.
All these have proven that the brand values of safety, technological advancement and environmental friendliness appeal to Indian customers. The introduction of such models as the BYD Seagull and the BYD Sealion is also being planned to strengthen the Electric Car Companies market position.
Key Highlights:
- Market Share: 2.86%
- Top Models: BYD Atto 3, BYD e6
- Future Launches: BYD Seagull, BYD Sealion
BYD’s investments in Electric Car Companies-owned production facilities and tie-ups with Indian firms have made it a more entrenched entity in the fiercely competitive EV market.
Citroën is enjoying a 1.9% market share after introducing its low-cost electric vehicle, the eC3. While sales for the brand have dipped slightly in recent years, the brand is not overly concerned about the future, with the Basalt EV set to be released in late 2025.
Key Highlights:
- Market Share: 1.9%
- Top Models: Citroën eC3
- Future Launches: Basalt EV
Based on the principle of cost-effectiveness and practicality of the EVs on the market, the Electric Car Companies mainly targets the price-conscious market in India.
As an automobile brand associated with luxury and technology, BMW currently holds only 1.23% of India’s market share of EVs. BMW iX and BMW i4 models show how the brand wants to merge high performance with environmental responsibility.
The BMW Neue Klasse and the BMW X3 model, which will be launched soon, will meet the expectations of premium consumers regarding luxury EVs.
Key Highlights:
- Market Share: 1.23%
- Top Models: BMW iX, BMW i4
- Future Launches: Neue Klasse, BMW X3 EV
In the context of luxurious EVs, BMW’s commitment to building building efficient, fast-charging infrastructure and tailored ownership ecosystems complement the Electric Car Companies strategy.
Hyundai still occupies a considerate market share for automobiles in India. Even so, its EV market share is 0.93 %. Hyundai stopped the production of Kona Electric and is now pinning its hopes on the Ioniq series, which it already has. Creta EV is expected to be in the market by 2025.
Key Highlights:
- Market Share: 0.93%
- Top Models: Ioniq 5
- Future Launches: Creta EV, Ioniq 6
Hyundai’s promise to improve its Electric Car and the density of its charging stations highlights its desire to claw its way back.
The competition to dominate the EV market on the luxury end remains a clear fight between Mercedes-Benz and others. Taking up just 0.85% of the market, the group’s EQ generation, which includes the EQB and the EQS, demonstrates the brand’s commitment to becoming ‘technology leaders while using sustainable resources.’
Key Highlights:
- Market Share: 0.85%
- Top Models: EQB, EQS
- Future Launches: EQG
A greater share of India’s premium market is in sight as the Electric Car Companies works towards offering diversification of EV type.
Sustainability has also been part of the Electric Car Companies focus area, with an increasing number of EVs in Volvo’s lineup. Both the XC40 Recharge and C40 Recharge models have had a good run in India, which currently has a market share of 0.72%.
Key Highlights:
- Market Share: 0.72%
- Top Models: XC40 Recharge, C40 Recharge
- Future Launches: EX90
Therefore, the Electric Car Companies strategy to transition to electric cars in its entire fleet by 2030 positions Volvo as a strategic player in India’s EV market, complementing the country’s sustainability initiatives.
Kia completes the list of top 10 electric car companies with 0.65% of the car market share of the region. The Kia EV6 has received much attention due to its excellent design and enhanced functionality on the field.
There is an effective strategy pursuing the brand’s intentions and subsequent growth connected with producing affordable and accessible EVs, such as the Soul EV.
Key Highlights:
- Market Share: 0.65%
- Top Models: Kia EV6
- Future Launches: Soul EV
The key theme at Kia remains the design and development of new products, which are maintaining their appeal to consumers under 45 years old who are strongly interested in technology.
Conclusion
The Electric Car Companies market in the Indian environment is also growing at a striking pace due to these factors, including technology demand and policy support. Currently, Tata Motors, MG Motors and Mahindra have a rich lineup that can be considered diverse, while BMW, Mercedes-Benz and BYD offer luxury and creativity with their models.
As India invests firmly in infrastructure, Research and development, and supportive policies, electro-mobility is expected to become a global epicenter. The next decade is the era of breakthroughs and new architectures that reshape transport and contribute to future creation.
Disclaimer: The market share and data as presented in this blog is estimated and retrieved from some of the market data available in 2025. Cautions are made to readers to seek further information on their respective areas of interest or seek professional advice on any investment or buying choices.
FAQs
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Which Company has the highest market share in India’s EV sector in 2025?
The market is dominated by Tata Motors, with a 62.26% share in total sales arising from a wide range of products and extensive charging networks.
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What do MG Motors in India offer the top models?
Some of the models currently in use by MG Motors include the MG ZS EV and the MG Comet EV, and other products will soon be released, including the MG Cyberster and the MG 4 EV.
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How is Mahindra contributing to the Indian EV market?
It has models like the XUV400 EV and plans to unveil many more, including the Electric Thar and BE series, all of which will be produced locally in India.
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What makes BYD stand out in the Indian EV market?
The company objectives cover safety, state-of-the-art technology, and environmental sustainability. There are well-known models like BYD Atto 3 and BYD e6, with further developing market models like BYD Seagull.
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Are luxury car brands like BMW and Mercedes-Benz active in India’s EV market?
Indeed, both BMW and Mercedes-Benz have IG EVs like the BMW iX, BMW i4, EQB, and EQS that aim at the upscale market coupled with superior power and embellishments.
