https://www.cheggindia.com/earn-online/electric-vehicles-company-in-india/
"India is a diverse multiethnic nation on its path to creating a sustainable future. The promise of a cleaner and greener future has been going around for a while now; steps and initiatives to implement these plans and make them a reality are coming into action. One such initiative is the introduction of electric vehicles on the roads of India. This comes with the establishment of electric vehicle companies in India.
A vehicle that uses electric motors for propulsion instead of fuel, such as petrol or diesel, is known as an electric vehicle. The shift from conventional fuel-based to electric vehicles promises reduced carbon emissions and pollution. It has opened up new opportunities and a marketplace for electric vehicle companies in India. According to a recent study by Arthur D. Little, it is estimated that by 2030, more than 30% of vehicles in India will be electric. The Economic Survey 2023 showcases that between 2022 and 2030, India’s domestic electric vehicle market will observe a 49% compound annual growth rate (CAGR), with 10 million annual sales by 2030.
Now that we know about electric and electric vehicle companies in India, let us look at the top 10 electric vehicle companies in India.
Top 10 Electric Vehicle Companies in India
A survey by the International Energy Agency (IEA) showed that global electric vehicle sales in 2021 doubled to 16.5 million sold worldwide compared to last year. Electric vehicle companies in India have many challenges and needs to cater to. This provides electric vehicle manufacturing companies in India with massive space and opportunities to make various types of electric vehicles. Along with all these opportunities and uprisings, there comes competition to achieve the title of best electric vehicles company in India, like ola electric, hero electric, bajaj auto, MG Motors, etc."