1. Tata Motors
Tata Motors currently leads the EV sales in the passenger segment with the Tata Nexon EV and Tigor EV. The carmaker has become the most successful EV maker in India, largely because of targeting its EVs. Tata Motors has planned the launch of three electric cars which include Tiago EV, Sierra and Altroz.
All the three electric cars will be based on the carmaker’s Ziptron technology and the Altroz EV launch can be expected only this year, while the Sierra and Tiago are expected to be launched during the first quarter of 2023. Tata Motors may launch the Altroz EV and Sierra EV at Rs 14-15 lakh (ex-showroom) while the Tiago EV can be priced at Rs 5.5-6.5 lakh (ex-showroom).
2. Mahindra e-XUV300
India’s leading SUV manufacturer, Mahindra recently launched the new Scorpio-N. However, the carmaker plans to launch the eXUV300, which will directly compete with the Tata Nexon EV.
The eXUV300 will be launched early next year and will be slightly longer than the 4.2-metre tall petrol XUV300. The Mahindra eXUV300 is expected to offer the same range as the Nexon EV and can be expected to be priced at Rs 15 lakh (ex-showroom).
Hyundai Motor was the first company to launch an electric car in India with an actual range of around 300 km. The carmaker plans to launch the Kona EV facelift during the third quarter of this year. The new Kona EV can be launched at a price of around Rs 25 lakhs ex-showroom.
The second launch is the Ioniq 5 EV, which is based on the same platform as the recently launched Kia EV6. Hyundai plans to price it around Rs 60 lakh (ex-showroom). Unlike the Kia EV6, the Hyundai Ioniq 5 EV will be made in India and will be launched during the last quarter of 2022.
Volkswagen-owned Skoda plans to launch the Enyaq iV in India around the first half of 2023. The Skoda Enyaq iV is the carmaker’s first electric SUV and promises a range of 520 km when fully charged. The Enyaq iV will pack an 82.0 kWh battery. The Skoda electric SUV is expected to be priced around Rs 60 lakh (ex-showroom), as it will be brought to India as a CBU.
Volvo has announced its plans to launch the XC40 Recharge in India on July 26. The XC40 recharge will be made in India. The carmaker is expected to launch it at a price of around Rs 65 lakh (ex-showroom). After launch, it is expected to compete with the Kia EV6 and Hyundai Ioniq 5.
The Volvo XC40 will be powered by a 78 kWh battery and will get two electric motors on each axle, producing 402 bhp and 660 Nm of torque. Volvo claims a WTLP range of 418 km, in line with its competition. The Volvo XC40 Recharge can be fully recharged in two and a half hours using a 50 kW DC fast charger.
German luxury carmaker, Mercedes-Benz, currently offers EQC in India, and for the coming months, the carmaker plans to launch two new electric cars- EQS and EQA which will cost around Rs 1.75 crore respectively. (ex-showroom) and is estimated to be Rs 60 lakhs. The company plans to launch both these electric cars around the second quarter of 2023.
With plans to launch i7 and iX1 EVs in India, BMW is set to give a tough competition to Mercedes-Benz. The BMW i7 is expected to cost around Rs 2.5 crore (ex-showroom), as it will be a CBU, while the iX1 is expected to cost around Rs 60 lakh (ex-showroom), which is based on the Mercedes EQA and Volvo XC40 recharge. will compete. Both BMW vehicles are expected to launch in India by early 2023.
Currently, BMW is selling the i4 electric sedan in India, priced at Rs 69.90 lakh (ex-showroom). It falls under the same price bracket as the Kia EV6. The i4 electric sedan has a range of 590 km.
Audi is on the list with its Q4 e-tron (Q4 e-tron) in India. It is expected to launch during the first half of 2023. The e-tron could be priced around Rs 80 lakh (ex-showroom) and will be sold as a CBU. When launched, the Audi Q4 e-tron will take on the Volvo XC40 Recharge, Ioniq 5, EV6, and electric cars from Mercedes-Benz and BMW.
American carmaker Ford recently ended its operations in India, however, announced that it would focus on bringing EVs to the country. Ford is expected to launch the Ford Mustang Mach E EV later this year. The Ford Mustang Mach E EV will be brought to India via the CBU route and could be priced at ₹ 70 lakh (ex-showroom).