Schedule a Call Back
India braces for EV surge with new model launches
Industry News- Sep 16,24
Currently, EV adoption in India is around 2%, but the government aims for a 30% penetration in the passenger car segment by 2030.
India is poised for an electric vehicle (EV) surge in the latter half of the fiscal year, as leading OEMs, including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Kia, Volkswagen, and BYD, prepare to unveil new models.
The EV market has seen limited action this fiscal year, with only two major launches so far: Tata Motors' Curvv.ev in August and JSW MG Motor India's Windsor EV last week. Currently, EV adoption in India is around 2%, but the government aims for a 30% penetration in the passenger car segment by 2030.
Analysts anticipate a boost in EV demand with the introduction of new models from prominent manufacturers. Maruti Suzuki is set to debut its first EV, the eVX, in Q4 FY25. This premium model, built on a new EV platform, will feature a 60kWh battery offering a range of 500-550km per charge.
Hyundai will launch the Creta EV, also in Q4 FY25, from its Sriperumbudur factory. This will complement its existing premium Ioniq 5 electric SUV.
Mahindra is optimistic about the EV market, projecting that electric models could constitute up to 30% of its SUV lineup by 2027, with annual sales nearing 200,000 units. Its BE.05 SUV, the inaugural model from its electric-only BE brand, will arrive in Q4 FY25, utilising the INGLO EV platform, which incorporates Volkswagen's MEB components.
Additionally, the Kia EV9, Volkswagen ID.4, and BYD eMAX 7 are set to launch in Q3 FY25. The ID.4 will mark Volkswagen’s entry into the Indian electric market, the EV9 will be Kia’s second premium electric SUV following the EV6, and BYD's eMAX 7 will replace the e6 MPV in its lineup.
These upcoming releases signal a significant expansion in India’s electric vehicle market.
(India Today)
Related Stories
Automation & Robotics
The 3D metal revolution
India is rapidly emerging as a frontrunner in the world of 3D metal printing, a technology that is reshaping the way industries approach manufacturing. From aerospace to automotive, healthcare to de..
Read moreAuto & Auto Components
BYD India to showcase globally acclaimed models at Bharat Mobility Expo 2025
Plans to display new models including internationally successful models and BYD’s India line-up. BYD’s participation in Bharat Mobility and the upcoming launches of the new models is a testament..
Read moreAuto & Auto Components
Role of EV charging guns in accelerating electric mobility: Ishaan Parwanda
India's EV market has witnessed exponential growth, with EV sales surging from 160,000 in 2019 to 1.5 million in 2023.
Read moreRelated Products
Tata Motors unveils facilities for development of Hydrogen propulsion tech
AUTO COMPONENTS & ACCESSORIES
Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more
Tata Motors plans petrol powertrain for Harrier and Safari SUVs
AUTO COMPONENTS & ACCESSORIES
Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more
Electric Vehicle Charger
AUTO COMPONENTS & ACCESSORIES
RRT Electro is engaged in manufacturing of customized Power Electronic Products over two decades having capability to Design, Develop, Prototyping, Regulatory Compliance testing & Certification, Manuf Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
