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 braces for EV surge with new model launches

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

Gears, Motors & Drives
ABB India upgrades Faridabad plant to enhance sustainability efforts

ABB India upgrades Faridabad plant to enhance sustainability efforts

The facility has diverted 99% of its waste away from landfill, aligning with the company's long-term sustainability targets of zero waste to landfill.

Read more
Auto & Auto Components
Minda Corporation achieved highest ever consolidated revenue of Rs 12.90 billion

Minda Corporation achieved highest ever consolidated revenue of Rs 12.90 billion

During the quarter, the company signed a Technology Licensing Agreement with SANCO (China) to locally develop advanced Electrical Distribution Systems (EDS) solutions.

Read more
Auto & Auto Components
Inteva Products expands Pune plant to meet growing automotive demand

Inteva Products expands Pune plant to meet growing automotive demand

In addition to its Pune facility, Inteva operates a technical centre in Bengaluru with a team of 317, including 200 engineers, who support product development and engineering for global and Indian o..

Read more

Related 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

Request a Quote

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

Request a Quote

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

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back