Bajaj Auto Limited has achieved its highest market share in the domestic EV segment, with its electric portfolio comprising 22% of domestic revenue, underscoring a strategic focus on expanding its electric vehicle production and market presence.

Hero MotoCorp has launched the VIDA V2 series, marking its entry into affordable EVs with significant product offerings. The company has shown a strategic commitment to EV segments with robust product launches, network expansion, and clear intentions for future growth, underscoring its transformative involvement in the EV space.

Tata Motors is significantly involved in the EV sector, with a dedicated focus on passenger electric mobility. The company has been launching new EV models like Tiago EV and Range Rover Electric, recording growth in personal EV segments. They maintain a market leadership in EVs in India despite competition, capitalizing on a diverse portfolio and established infrastructure initiatives such as charging networks.

Mahindra & Mahindra has established itself as the leading player in the Indian SUV market with a 23% revenue market share, and it has embarked on launch of new Battery Electric Vehicles (BEVs) to capitalize on this position. The company is fostering large-scale production for two of its BEVs and has demonstrated their strategic importance by integrating them into its end-to-end automotive strategy.

Uno Minda has made significant moves in the electric vehicle sector, evidenced by its portfolio of EV components for two- and three-wheelers, with a revenue of Rs. 238 crores for Q3 FY25. The company's commitment to the EV sector is further highlighted by its participation in industry events, showcasing cutting-edge solutions like E-axle and intelligent battery management systems.

Sandhar Technologies Limited has made strategic moves in the Electric Vehicles (EV) sector through the development and commercialization of motor controllers, battery chargers, and DC-DC converters for EV OEMs across India. The company commenced their first commercial EV-related sales in July 2024, highlighting their growing presence in the EV component supply chain. This reflects a clear strategic intent to expand into the EV market with relevant technological products.

Exicom Tele-Systems is heavily invested in both home and DC fast charging EV solutions. With over 1.73 million chargers sold globally, and a robust product pipeline, the company is targeting significant roles in both domestic and international EV charging markets, especially with strategic acquisition of Tritium to expand its global market presence.

Sona BLW Precision Forgings Ltd. has a substantial presence in the EV sector, with 39% of its Q3 FY25 product revenue derived from Battery Electric Vehicles (BEVs). The company has 57 awarded EV programs across 32 customers, marking a significant shift towards electrification, and reinforcing its strategic priority in the EV market.

Minda Corporation has significantly expanded its involvement in the EV sector through strategic synergies, particularly with its acquisition of a 49% stake in Flash Electronics. This acquisition aims to fortify its position in the EV market by leveraging Flash's expertise in EV components to offer comprehensive solutions across two-wheeler, four-wheeler, and commercial vehicle segments.

Sterling Tools has shown substantial commitment to the EV industry by forming multiple strategic partnerships focused on manufacturing key components for electric vehicles. These partnerships include collaborations to produce magnetic components, HVDC contactors, and relays, positioning the company as an influential player in India's burgeoning EV value chain.

Wardwizard Innovations & Mobility Limited is positioning itself as a leading manufacturer of electric vehicles, especially in the two-wheeler and three-wheeler segments. The company benefits from strategic alignments with government policies like FAME II, and it is expanding its manufacturing capacity and distribution networks to capture significant market share in India's growing EV sector.

The Hi-Tech Gears has shown clear intent towards the EV market with initiatives in EV component production, such as EV-differential assembly and helical gear components. Furthermore, it has successfully won EV business from Hero Moto Corp and Dana, showcasing strong strategic involvement in the EV sector.

TVS Motor Company reported a substantial 57% increase in electric scooter sales for Q3 FY 2024-25, selling 0.76 lakh units compared to 0.48 lakh units the previous year. The company's strategic expansions and robust product portfolio in the EV domain—including the TVS iQube and TVS King EV Max—demonstrate a clear commitment to scaling its presence in the electric vehicle market.

Greaves Cotton strongly qualifies in the Electric Vehicles bucket through its subsidiary, Greaves Electric Mobility Limited (GEML), which has been engaged in the electric mobility sector for over 16 years. GEML's contributions include the creation of a sustainable ecosystem for clean last-mile mobility in India, strengthening its position as a significant player in the EV industry.

Ola Electric Mobility Limited dominates the electric two-wheeler market in India with a 25.5% market share, driven by superior technology, an expansive product portfolio, and the largest EV distribution network. The company has consistently expanded its EV lineup, notably introducing motorcycles such as the Roadster series and an array of scooters, significantly propelling EV penetration across various market segments.

Varroc Engineering, a key automotive technology player, reported that approximately 55% of its business wins in 9M FY25 were from supplying to EV vehicles. The company's EV revenue was about 10.5% of total revenue in Q3 FY25. It has secured major overseas orders for front and rear drive inverters for EVs, with production starting in FY27. These achievements underscore Varroc's significant integration into the EV value chain.

India Nippon Electricals Ltd has expanded into the electric vehicle sector by establishing a world-class technology center in Tamil Nadu dedicated to developing EV technology products and emission control technologies. This move signifies a strong strategic intent to become a significant player in the EV component manufacturing sector, particularly in mechatronic products and software solutions.

Rane Engine Valve Limited is significantly involved in the EV sector, securing substantial orders worth Rs. 43 Cr and Rs. 165 Cr for electric light commercial vehicles (LCV) and EPS steering columns respectively, specifically for domestic passenger vehicle (PV) applications. This indicates a strategic focus on expanding its footprint in the electric vehicle component industry, showcasing clear strategic intent and scale in the EV market.

Gensol is diversifying into the EV sector with substantial investments in both EV manufacturing and leasing, including the launch of a new compact urban EV 'EZIO', with impressive interest reflected in 30,000 pre-orders. This move is strategic, with the company establishing a significant presence and building capacity to capture the growing urban mobility market in India.

Olectra Greentech Limited has a substantial order book of over 10,224 electric buses, reflecting its dominant position in the EV manufacturing space in India. This is further evidenced by the delivery of 2,448 electric buses and 51 electric tippers till December 2024, showcasing the company's significant scale and strategic focus on electric bus production and deployment.

Jupiter Wagons Limited has increased its stake in Jupiter Electric Mobility from 60% to 75%, indicating a strategic focus on expanding its EV capabilities. They are set to supply electric LCVs and have acquired Log9's technology for railway and truck batteries, strengthening their position in sustainable transportation solutions.

RattanIndia Enterprises, through its subsidiary Revolt Motors, is a core electric vehicle player in India. The company has launched several electric motorcycle models, significantly expanded its dealership network, and started its international foray into the Sri Lankan market. These developments underline its strategic focus on electric mobility, supported by government subsidies aimed at fostering electric vehicle adoption.

Triton Valves is actively working in the EV ecosystem, producing patented valve components for electric vehicle battery packs. They are engaged with major two-wheeler EV manufacturers and have positioned themselves as an essential supplier, providing battery venting technology vital for EV safety across leading market players.

Ather Energy is a pure play electric vehicle company dominating the Indian electric two-wheeler (E2W) market with its flagship products, Ather 450 and Ather Rizta. The company showcases comprehensive production capabilities with an annual capacity of 420,000 units of E2Ws and 379,800 battery packs, along with significant technology integrations, making it a key player in the EV manufacturing landscape.

Remsons is advancing into the electric vehicle sector by strategically acquiring a 51% stake in Astro Motors, a key player in India's growing electric three-wheeler market. This move indicates Remsons' intent to capitalize on high-growth potential in the sustainable mobility segment, leveraging Astro Motors' existing dealer network and product development capabilities to secure a top position in the market.

RattanIndia Enterprises has significantly invested in expanding its EV segment, Revolt Motors, by launching the new RV BlazeX model and establishing over 200 dealer stores across India. It also demonstrated international expansion by entering the Nepal market with multiple dealerships, highlighting its strategic focus on becoming a leader in the EV sector.

Premium Plast Limited has expanded its product portfolio to include EV-related components, indicating a strategic shift towards the burgeoning EV industry. Their management strategy includes focusing on EV customer requirements and design variations, marking a clear intent to capitalize on this growing market segment.

Jindal Worldwide has strategically entered the EV market with the acquisition of Earth Energy and is set to release three electric vehicle models. The company's investment in a new manufacturing facility in Ahmedabad underscores its commitment to becoming a significant player in the EV space, with a planned production capacity of 250,000 units annually.

Delta Autocorp Limited stands as a high-scale EV manufacturer, having sold 13,006 EVs in FY25, with a growing dealer network across 25 states in India. The company operates significantly in both two-wheeler and three-wheeler segments, illustrating its firm positioning and strategic investment in the EV value chain.

Shree OSFM E-Mobility Ltd is heavily invested in electric vehicle initiatives. It has pioneered EV adoption within its business model and operates a green fleet deployment of over 30 electric vehicles. The company is actively supporting India's goal of achieving 30% EV penetration by 2030, indicating significant involvement in the EV value chain.

Jay Jalaram Technologies Limited operates an exclusive dealership for 'Revolt' electric bikes in the Ahmedabad region. This strategic collaboration with Revolt Intellicorp signifies the company's commitment to penetrating the EV market, leveraging its retail network to promote electric vehicles, spares, and accessories, establishing itself as a notable player in the EV sector.

Subros has initiated production for new EV vehicles and announced alignment with major companies like Maruti Suzuki and Mahindra & Mahindra. The company’s revenue contribution from EVs and hybrids is significant, signaling a strong strategic pivot towards the growing electric mobility sector.

Kinetic Engineering Limited (KEL) has made a strategic shift towards the EV sector by establishing Kinetic Watts & Volts Ltd, dedicated to designing, developing, and manufacturing EV mobility solutions. The company integrates components like rigid axles and trans-axles from KEL, EV powertrain solutions from Kinetic Communication Ltd, and batteries from Micro Age Instruments Pvt Ltd, indicating a comprehensive approach to capturing the EV market.

The company has made a notable entry into the e-mobility space, deploying 3,801 EV charge points across 26 states, showcasing a clear strategic commitment to becoming a significant player in EV infrastructure. This reflects a major diversification into sustainable transport solutions.

Tube Investments of India Limited, through TI Clean Mobility Private Limited (TICMPL), is actively involved in EV manufacturing, including electric 3-wheelers, tractors, commercial vehicles, and small commercial vehicles. With substantial investments in subsidiaries like IPL Tech Electric and TIVOLT, the company is revolutionizing e-mobility in India with pioneering products such as India's first electric tractor and heavy commercial vehicles like the RHINO 5536.

CIE Automotive India Limited has significantly diversified its presence in the EV components segment. Through its subsidiary Bill Forge, the company supplies aluminum parts, gears, forgings, and stampings specifically for 4-wheel and 2-wheel EVs. This move indicates a clear strategic focus on expanding its influence in the EV supply chain, capitalizing on the evolving automotive landscape in India and globally.

Maruti Suzuki India Limited has made significant strides in electric vehicles with the launch of its first Battery Electric Vehicle (BEV), the e VITARA. The e VITARA will not only address the domestic market but also be exported to over 100 countries, including Japan and Europe. This marks a pivotal expansion in its strategy to achieve carbon neutrality and reinforces its market leadership with a strong EV footprint.

Concord Control Systems has entered the electric vehicle space through its development of zero-emission propulsion systems for existing diesel locomotives. This move reduces asset scrappage and provides cost benefits for rail operators, converting old diesel engines into efficient, battery-powered systems. This positions Concord strategically within both the Indian and global markets for zero-emission locomotive solutions.

ZF Commercial Vehicle Control Systems India Limited has strengthen its foothold in the electric vehicle segment by launching e-mobility products like electric compressors and electronic braking systems across all major EV players. This advancement highlights the company's strategic alignment with electrification trends and its role as a technology partner in the EV domain, signifying ZF CVCS India as a prominent player in the EV ecosystem.

Tata Motors Limited has strategically made significant strides in the electric vehicle (EV) sector by focusing on electric mobility solutions. The company has launched the AcePro EV and provided fleet services with electric Starbus EV buses to BMTC, indicating a substantial commitment to the EV market.

BHEL has been appointed as a Project Implementation Agency (PIA) for deploying EV charging infrastructure under PM e-Drive, indicating its active involvement in the EV sector to establish a supportive infrastructure framework, thus reinforcing its position in the evolving electric mobility sector.

Autoline Industries Ltd has entered the electric vehicle market through Autoline E-Mobility Private Limited (AEMPL), launched in 2022. The subsidiary focuses specifically on the electric 2-wheeler segment, concentrating on e-bicycles and e-scooters. This segment positioning and recent launch show the company's strategic intent to penetrate the growing EV market in India, aligning with global trends towards green mobility solutions.

De Neers Tools Ltd has made strategic inroads into the EV sector by securing official brand approvals from major automotive manufacturers, Maruti Suzuki India Ltd. and Hyundai Motor India Ltd., for its specialized EV tools (insulated tools). This opens pathways for significant market penetration into India's growing EV ecosystem, solidifying their role as a reliable provider of EV maintenance solutions.

Zelio E-Mobility Limited has emerged as one of India's fastest-growing electric mobility companies, focusing on slow-speed electric two-wheelers (E-2Ws) and three-wheelers (3Ws). Zelio ranks among the top three players in this segment, boasting a sale of over 70,000 units in three years, indicating significant presence and strategic intent in the EV sector.

Refex Industries, through its subsidiary Refex Green Mobility Limited, has ventured into electric mobility, providing EV services for passenger mobility, corporate transportation, and B2B2C use cases. With this strategic expansion, Refex Green Mobility leverages technology and innovation to combat climate change through sustainable solutions. The company's commitment to transforming the mobility sector indicates a significant role in the EV industry, highlighting its strategic focus and potential impact.

Talbros Automotive has secured multiple significant orders for the EV segment amounting to ~Rs. 235 crores in FY25 and FY26. This includes various components like gaskets, heatshields, and forgings for leading OEMs. The company is actively involved in supplying critical components to electric vehicles globally, showcasing strategic intent and meaningful scale in EV components production.

Eicher Motors Limited, through its Flying Flea brand, has significantly invested in City+ mobility, which led to Flying Flea winning the Red Dot Design Award 2025. The brand's strategic partnership with Duperre Design School underscores its commitment to future-ready mobility and positions Royal Enfield as an influential player in the EV landscape, exploring the future of electric motorcycles at scale.

Fiem Industries Limited is strategically positioned in the EV space by leveraging its in-house R&D capabilities. The company has taken a proactive approach by developing EV-specific products such as LED lighting solutions, rear-view mirrors, plastic parts, and more, thereby aligning itself with the evolving automotive landscape. This positions Fiem at the forefront of the transition towards electric vehicles in the automotive sector.

Hyundai Motor India Limited is heavily exposed to the electric vehicle (EV) value chain, with a strategic focus on launching electric models to capture growing market demand. Evident from the introduction of the all-electric SUV IONIQ 5, and the planned fully dedicated EV launch around calendar 2027, HMIL shows clear intent to expand its EV product line in alignment with global sustainability goals.

Bharat Forge has made a strategic investment in the EV sector through its stake in Tork Motorcycles, which is engaged in electric motorcycle development. This move is part of Bharat Forge's initiative to enter the E-Mobility space, leveraging Tork's expertise in electric two-wheelers. The company's efforts in establishing a presence in EV powertrain development demonstrate a significant strategic intent in the EV sector.