08_T5_AM
08_T5_AM
2023-2024
Tutorial No - 05
Mahindra & Mahindra: Established player offering electric cars and scooters like the
eVerito and e2o Plus, contributing to India's EV transition.
MG Motor India: Bringing the British legacy with modern EVs like the ZS EV, offering a
blend of style and technology.
Hyundai India: Global auto giant with the Kona Electric, setting benchmarks in range
and features in the Indian EV market.
Ather Energy: Indian electric scooter startup known for its innovative and tech-savvy
offerings like the Ather 450X.
Ola Electric: Disrupting the market with the S1 Pro scooter and plans for mega
factories, aiming to revolutionize urban mobility.
MG Motor India:
MG ZS EV:
Battery Rating: 44.5 kWh
Range: Up to 419 km (ARAI)
Price: Starting from approximately ₹21 lakh
Hyundai India:
Hyundai Kona Electric:
Battery Rating: 39.2 kWh
Range: Up to 452 km (ARAI)
Price: Starting from approximately ₹23.75 lakh
2W
Ather Energy:
Ather 450X: Battery Rating - 2.9 kWh (Li-ion)
Range: Up to 116 km (ARAI)
Price: Starting from approximately ₹1.6 lakh
Ola Electric:
Ola S1 Pro: Battery Rating - 3.97 kWh (Li-ion)
Range: Up to 181 km (ARAI)
Price: Starting from approximately ₹1.1 lakh
Hero Electric:
Hero Electric Optima HX: Battery Rating - 1.56 kWh (Li-ion)
Range: Up to 82 km (ARAI)
Price: Starting from approximately ₹62,000
[Reference Link 1,2 & 3]
Limitation For 2W, 3W, 4W
Tata Motors:
Charging Infrastructure: Tata Motors, like many other manufacturers, faces
the challenge of a developing charging infrastructure in India. While efforts
are being made to expand charging networks, the availability of fast-
charging stations remains limited in many areas.
MG Motor India:
Price: MG ZS EV, while offering a good range, is positioned at a higher price
point compared to some other EVs in India. This might be a limitation for
budget-conscious buyers.
Hyundai India:
High Initial Cost: The Hyundai Kona Electric, while offering an impressive
range, comes at a higher initial cost compared to many other EVs in India.
This might be a limiting factor for many potential buyers.
Ather Energy:
Geographical Availability: Ather Energy operates primarily in select cities,
which limits the availability of its models to a wider audience across India.
Price Point: Ather's scooters are positioned in the premium segment, which
might be a limiting factor for budget-conscious buyers.
Ola Electric:
Supply Constraints: Ola S1 Pro faced initial supply constraints, leading to
longer waiting times for customers. This might affect the buying decision for
some potential customers.
Hero Electric:
Limited Range: Hero Electric's models often have limited range compared to
some of the other EVs in the market, which might deter buyers looking for
longer-range options.
Speed and Performance: Some models from Hero Electric are designed for
city commuting with lower top speeds, which might not appeal to all types
of riders.
[Reference Link 1,2 & 3]
Result Companies can further improve the EV sector by focusing on a few key
areas. Firstly, investing in research and development to enhance battery
technology, thereby increasing the range of EVs and reducing charging
times. Secondly, expanding the charging infrastructure network to make it
more convenient and accessible for EV owners, encouraging widespread
adoption. Thirdly, offering a diverse range of EV models across various price
points to cater to different consumer segments. Lastly, educating the public
about the benefits of EVs, including environmental impact and cost savings,
to create greater awareness and acceptance of electric vehicles in the
market. By addressing these aspects, companies can contribute significantly
to the growth and sustainability of the EV sector.
Conclusion The evolution and success of India's EV sector depend on the concerted
efforts of companies to innovate, invest in infrastructure, diversify offerings,
and educate the public. By enhancing battery technology, expanding
charging networks, offering a variety of models, and raising awareness
about the benefits of EVs, companies can accelerate the transition to
sustainable mobility. This holistic approach not only benefits the
environment but also creates opportunities for economic growth and a
greener future for generations to come.
References • https://e-
amrit.niti.gov.in/Manufacturers
• https://www.imarcgroup.com/in
dian-electric-vehicle-companies
• https://diyguru.org/term/top-
electric-vehicle-companies-and-
manufacturers-in-india-2w-3w-
4w-ev-companies-in-india/