# Electric Cars # Electric Vehicles # EVs # Alternative Fuel vehicles # Tata Ev # Tata Motors # Mahindra & Mahindra Electric Vehicles

“The Top 05 Best Selling Electric Car Manufacturers In India”

by

Introduction:

The top-selling electric car manufacturers of India in the year 2023 are Tata Motors, MG Motor, Mahindra & Mahindra, Hyundai, and the fifth one of the PSA group Citreon. The Indian Brand Tata Motors is leading in the list with a total of four models of its electric vehicles and of price range between Rs.8.69 for its base model to Rs.19.94 lakh of its upper model cars. The other best-selling brands are MG at position two, Mahindra & Mahindra at position three and Hyundai achieved position four followed by the PSA group Citeron at position fifth.

The details of the top-selling brand and models are as discussed below:

1. Tata Motors Electric Car (Tata.ev):

Tata Motor is the leading electric car manufacturer in India. Tata Motors has recently renamed its electric vehicles as Tata ev. The company is currently offering four models in India as Tata Punch ev, Nexon ev, Tiago ev, and Tigor ev.

Top 5 Tata Electric Cars in India:

Sl. No.ModelPrice In New Delhi
(i)Tata Punch evRs. 10.99-15.49 Lakh  
(ii)Tata Nexon evRs. 14.74-19.94 Lakh  
(iii)Tata Tiago evRs. 8.69-12.04 Lakh  
(iv)Tata Tigor evRs. 12.49-13.75 lakh
(i)Tata Punch EV:
Tata Motors : electric Car Punch ev

Tata Punch ev is the most popular electric car of Tata Motors with a price range of Rs.10.99 to Rs.15.49 Lakh.

(ii) Tata Nexon EV:

Next is the Tata Nexon ev with a price range between Rs.14.74 to Rs.19.94 lakh. The all-new Nexon ev is the game changer EV representing a stunning leap forward in design, cabin comfort, performance, technology, and safety.

Electric Car: Tata Nexon ev

(iii) Tiago EV:

Tata Motors Tiago. ev is the cheapest model of Tata Motors with a starting price of Rs. 8.69 Lakh. It comes with awesome interiors and features that make every drive super exciting. Tata Motors is the Top-selling 4W electric vehicle manufacturer in India.

iv) Tigor. ev:

Tigor. ev is another popular electric vehicle of Tata Motors and is coming in a price range of Rs. 12.49-13.75 lakh.

2. MG Motor Electric Car:

MG Motor offers two electric cars in India in the form of ZS EV electric SUV and Comet EV – India’s most affordable electric car. MG came second in the month of August ’23 with 1,150 EVs sold.

(i) MG ZS EV:

MG ZS EV electric vehicle is a sports utility vehicle, its base model starts at Rs. 22.88 lakh, and the top model goes up to Rs.26.00 Lakh. Its battery range is 461 km. Battery capacity is 50.3 KWh and its battery takes 16 hours to charge at its full capacity.

(ii) MG Comet Electric Car:

The MG Comet is an ultra-compact, electric city hatchback that wows with its design and usable city driving range. The Comet EV starts with a price of Rs. 7.98 Lakh and the top model price goes up to Rs. 10.63 Lakh (Avg. ex-showroom). The battery range is 230km and its charging time is 7 hours at 220 volts.

MG Electric Car: Comet EV

3.  Mahindra & Mahindra:

Mahindra & Mahindra is the third in the electric vehicle segment with just one model XUV 400.

Mahindra XUV400 EV price starts at Rs. 15.49 Lakh and the top model price goes up to Rs. 19.39 Lakh. XUV400 EV is offered in 7 variants – the base model of XUV400 EV is EC Pro 345 kWh and the top model is Mahindra XUV400 EV EL Fast Charger DT.

4. Hyundai Electric Car:

Hyundai India Motors has launched two electric cars in Indian Market-:

(i) Hyundai Kona Electric:

This car is the most popular model of Hyundai with a price range of Rs 23.84 lakh to Rs. 24.03 lakh.

The driving range of the Hyundai Kona is 452 km with a battery of 08 years and approx. 160000 km warranty.

There are 2 Hyundai Electric cars currently available for sale at starting price Rs 23.84 Lakh Lakh. The most popular Hyundai Electric cars are Hyundai Kona Electric (Rs. 23.84 – 24.03 Lakh), Hyundai IONIQ 5 (Rs. 45.95 Lakh). To know more about the latest prices and offers of the best Hyundai Electric cars in your city, specifications, pictures, mileage, reviews and other details, please select your desired car model from the list below.

(ii) Hyundai Ioniq 5:

The Hyundai Ioniq 5 is an electric vehicle with all the necessary and luxurious features with ease of drivability and good range. It’s base price starts at 46.05 lakh.

The Hyundai Ioniq5 and Kona electric vehicles helped Hyundai EV to be placed fourth place in the Indian electric vehicles market in the year 2023.

4. PSA Group Citroen:

PSA Groupe currently offers one EV in India i.e. the Citroen eC3. In February 2023, Citroën India launched an electric variant of C3 under the name Ë-C3. The car was launched about 6 months after the C3’s launch. Its stated range is 320 kilometers (200 mi) per charge.  Citroen managed to sell 111 units of the eC3 in the Indian market last month. Citroen was in fifth place in the electric vehicles Indian Market.

6. BYD:

BYD is a Chinese car manufacturer and it was listed at sixth position in Indian Electric Vehicles market in the year 2023 by selling a total number of 93 units of Its Atto 3 electric SUV and e6 MPV.

The BYD cars in India starts from Rs. 29.15 Lakh for It’s E6 model and the other model Atto 3 comes with a price range of Rs 33.99lakh to 34.49 lakh.

Conclusion:

India is leading in its electric vehicles manufacturing market under the banner of Make in India, and Tata Motors is representing and proving at its full capacity and the innovative technologies. In Indian market, the electric cars are also available at an affordable price of Rs8.96 lakh to a premium range also.

Global Alternative Fuel Vehicles market Revenue is estimated to reach USD 3,710 billion by 2032

by

Introduction:

The alternative fuel vehicles are utilizing non-conventional fuel sources and these vehicles are growing very rapidly. The global alternative fuel vehicle market was at 401.1 billion US dollar in the year 2022 and is expected to grow up to 3710 US dollar by the year 2032 with 25.2 % growth in CAGR. The growth is related to the increasing demand for eco-friendly transportation, new advanced technologies, and favorable government policies.

Key Points and Statistics on the Alternative Fuel Vehicles(AFV)Market:

  • The market is expected to grow up to 3710 US dollars with 25.2 % growth in CAGR.  from 2023 to 2032.
  • The Asia-Pacific region managed the market with over 200 billion US dollar value in 2023.
  • The Middle East & and African market is estimated to record a CAGR of around 25% from 2023 to 2032.
  • As a sub-segment, the passenger vehicles generate around more than 42% share in the year 2023.

Alternative Fuel Vehicles(AFV) Market Overview and Analysis:

The increasing concerns over climate change, general awareness toward clean and green environment various supportive government schemes are the key parameter which are driving the market. Even though, various challenges like high initial costs, very few model options, and a minimal infrastructure are still a big hurdle in the expansion of these vehicles.

Latest Alternative Fuel Vehicles Market Trends and Innovations:

The alternative fuel vehicles market is observing several trends and innovations, including:

  • Increasing adoption of electric vehicles (EVs).

The electric vehicles are gradually becoming popular because of its ecofriendly characteristics, benefits, and very less operating costs. In 2021, global EV sales crossed 10 million units, a more than130percentage increase from 2020.

  • Growth in the hydrogen fuel cell vehicles (HFCVs) sector.

The hydrogen fuel cell vehicles are one more type of alternative fuel vehicle, which is growing rapidly. HFCVs are zero-emission vehicles and is having a longer range than Electric Vehicles. In 2021, global HFCV sales reached 2,000 units, a 43% increase from 2020. The market size of HFCVs in 2023 was valued at 2.19 billion U.S. dollars and is expected to grow up to 62.88 billion dollars by 2032.

  • Expansion of charging infrastructure.

The expansion of charging infrastructure is essential to support the growth of the EV market. In 2021, the global EV charging infrastructure market was valued at $12.8 billion and is expected to grow to $28.9 billion by 2028.

  • Diversity of alternative fuel vehicles.

The alternative fuel vehicles market is becoming gradually diverse, with a variety of options available to buyers. In addition to Electric Vehicles and HFCVs, other alternative fuel vehicles are biofuel vehicles and NGVs (natural gas vehicles).

Major Growth Drivers of the AFV Market:

The factors, which governs alternative fuel vehicles market, are:

  • Increasing concerns over climate change and environmental impact.

Consumers are increasingly concerned about the environmental impact of their transportation choices. This is driving demand for alternative fuel vehicles, which are more environmentally friendly than traditional gasoline-powered vehicles.

  • Favorable government policies and consumer demand for green vehicles.

Governments around the world are implementing policies to promote the adoption of alternative fuel vehicles. These policies include tax incentives, rebates, and access to HOV lanes. Consumer demand for green vehicles is also increasing, as consumers become more aware of the environmental benefits of alternative fuel vehicles.

  • Technological advancements in vehicle manufacturing and fuel efficiency.

Technological advancements in vehicle manufacturing and fuel efficiency are making alternative fuel vehicles more affordable and accessible to consumers. For example, the cost of batteries for EVs has been declining in recent years, making EVs more affordable for consumers.

Key Challenges Facing the AFV Industry:

The alternative fuel vehicles industry faces several challenges, including:

  • High initial investment and ownership costs.

The high cost of the battery for electric vehicles and the cost of the hydrogen fuel cell for HFCVs are the major challenges for alternative fuel vehicles. This causes a higher initial investment and ownership cost than conventional gasoline-powered vehicles.

  • Limited availability of models and infrastructure for alternative fuel vehicles.

The availability of alternative fuel vehicles is still limited in many parts of the world. This is because alternative fuel vehicles are still a relatively new technology. Additionally, the infrastructure for refueling alternative fuel vehicles is not as widespread as the infrastructure for refueling traditional gasoline-powered vehicles.

Despite these challenges, the alternative fuel vehicles market is expected to continue to grow in the coming years. This growth is being driven by the increasing concerns over climate change and environmental impact, favorable government policies and consumer demand for green vehicles, and technological advancements in vehicle manufacturing and fuel efficiency.

Market Segmentation Insights:

According to Fuel Type:

  • Electric Vehicles (EVs)
  • Hydrogen Fuel Cell Vehicles (HFCVs)
  • Biofuel Vehicles
  • Natural Gas Vehicles (NGVs)

According to Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle
  • Two-Wheelers

According to Application:

  • Transportation
  • Chemical
  • Agricultural
  • Industrial
  • Others

Overview by Region of the AFV Market:

The Asia-Pacific market is the leading one and is concerned with increasing pollution issues and driven by favoring government initiatives. North America and Europe also have a remarkable contribution with constant advancement and regulatory support. The Middle East & Africa region is expected to witness rapid growth due to increasing awareness and adoption of alternative fuel vehicles.

 North America and Europe also hold significant shares, with ongoing advancements and regulatory support. The Middle East & Africa region is expected to witness rapid growth due to increasing awareness and adoption of alternative fuel vehicles.

Verified by MonsterInsights