India is prepared to view an electric vehicle (EV) dart in the second half of the current fiscal with top original equipment manufacturers (OEMs) like Maruti Suzuki India, Hyundai Motor India, Mahindra & Mahindra, Kia India, Volkswagen Passenger Cars India and BYD India booting up to launch fresh models.
Up until this point in FY25, there has not been much activity in the mass electric passenger car market. There are just two noteworthy launches to date. The Windsor EV was introduced to the market last week by JSW MG Motor India, while the Curvv.ev was introduced by Tata Motors, the nation’s largest electric vehicle manufacturer, in August.
In the Indian automobile market, the rate of adoption of EVs is currently quite low, at about 2%. Nonetheless, by 2030, the government wants to see 30% of passenger cars be electric.
Analysts predict that when more electric vehicles are released, especially from mass market OEMs, the demand for them will increase.
The eVX, Maruti’s first electric vehicle, will be on sale in Q4 of FY25. According to the business, the eVX will be a high-end vehicle built on a brand-new EV platform. It will run for 500–550 kilometers on a single full charge thanks to a 60kWh battery pack using safe battery technology.
Gopalakrishnan CS, Chief Manufacturing Officer of Hyundai, recently informed India Today that the company’s Sriperumbudur factory in Tamil Nadu has begun preparing for the manufacturing of the Creta EV, which is scheduled to be released in Q4 of FY25. Already available from the automaker is the high-end Ioniq 5 electric SUV.
Mahindra, the nation’s top SUV maker, is extremely optimistic about its electric vehicle (EV) prospects and projects that by 2027, electric models would account for up to 30% of its SUV lineup, contributing close to 200,000 units annually to sales.
Mahindra is set to release the BE.05, the first SUV under its electric-only BE brand, in Q4 of FY25. The modular electric drive matrix (MEB) platform of the Volkswagen Group will provide components for the INGLO EV platform, which will serve as the foundation for the BE.05. Currently, the firm offers the XUV400 electric SUV for sale.
Three models—the Kia EV9, Volkswagen ID.4, and BYD eMAX 7—will be introduced early in Q3 FY25, while the Maruti Suzuki eVX, Hyundai Creta EV, and Mahindra BE.05 will go on sale in Q4 FY25.
Volkswagen’s first electric vehicle in India will be the ID.4. Following the EV6, the EV9 will be Kia’s second high-end electric SUV in this market. The Seal premium sedan, the Atto 3 SUV, and the e6 MPV are among BYD’s all-electric vehicles. The e6 will be replaced by the future eMAX 7.
Top EV launches coming up in FY25
Model | Launch Timeline |
Maruti Suzuki eVX | Q4 FY25 |
Hyundai Creta EV | Q4 FY25 |
Mahindra BE.05 | Q4 FY25 |
Kia EV9 | Q3 FY25 (October 3 confirmed) |
Volkswagen ID.4 | Q3 FY25 |
BYD eMAX 7 | Q3 FY25 |