Top 12 EV Companies in India: The 2024 Guide
The electric vehicle (EV) industry in India is booming and is estimated to hit a market size of $2 trillion by 2030. The growing sector offers opportunities in production, design, testing, and more to skilled professionals looking for new and exciting opportunities. If you wish to pursue a career in this industry, refer to this blog on the top EV companies in India to discover the best companies in the domain.
Top Electric Vehicle Companies in India
India’s automotive industry expects 40% of vehicles to be electric by 2030 in the two-wheeler and three-wheeler categories. This creates a promising landscape for professionals looking for employment opportunities in the automotive sector. Here’s a comprehensive list of the top EV companies in India that you can explore to kick-start your career in the industry:
1. Tata Motors
Tata Motors is a leading electric vehicle company in India with a significant market share of 75%. As India’s largest EV manufacturer, it has established itself as a major player in the industry. It offers a range of electric cars including the Nexon EV and Tigor EV. They also provide fast EV charging solutions through Tata Power EZ Charge.
The company has announced its plan to launch ten all-electric vehicles by 2025. This move is a part of their commitment to promoting electric mobility and contributing towards a greener future. The upcoming EVs showcase the company’s dedication to innovation and sustainability.
- Estimate Highest Salary: ₹138.0 LPA
- Employee Benefits:
Tata Motors offers the following employee benefits:
- Excellent Salary Performance-Based Incentives
- Career Growth Opportunities
- On-the-Job Training
- Flexible Work Environment
- Health insurance and Daycare Facilities
- Corporate Social Responsibility
2. Mahindra Electric
Mahindra Electric focuses exclusively on EV cars like the eKUV100 and eVerito. The company leverages its reputation and expertise in the Indian market to drive innovation in the EV industry, making it one of the best electric vehicle companies in India.
Job seekers at Mahindra Electric can explore roles such as electrical engineers, project managers, and other positions related to electric vehicles. At Mahindra Electric you can enjoy a work culture emphasizing innovation, sustainability, and a commitment to driving positive change in the automotive industry.
- Estimate Highest Salary: ₹45 LPA
- Employee Benefits:
Mahindra Electric offers the following employee benefits:
- Health Insurance
- Professional Development
- International Exposure
- Joining bonuses and Mobile Bill Reimbursements
- Work-Life Balance
3. MG Motor India
MG Motor India is making significant progress in the Indian EV market with their innovative and technologically advanced models like the MG ZS EV. The car has a range of up to 461 kilometers on a single charge and is designed to meet the needs of Indian consumers.
MG is committed to developing a strong EV ecosystem, collaborating with partners to build a vast network of EV charging stations, and focusing on battery recycling and second-life solutions. The company aims to achieve 65%-75% of total automobile sales from its EV portfolio by 2028.
- Estimate Highest Salary: ₹55 LPA
- Employee Benefits:
MG Motor India offers the following employee benefits:
- Health Insurance Benefits
- Transport Facilities
- Work from Home Policy
- Education Assistance
4. Hero Electric
Another top electric vehicle company in India is Hero Electric. It is a leading manufacturer of electric two-wheelers in India, offering a wide range of electric scooters and bikes. Hero Electric is a leader in affordable electric two-wheelers, providing scooters and bikes like the Optima and Flash. The company’s goal is to broaden the accessibility of electric mobility by establishing an extensive distribution network throughout India.
- Estimate Highest Salary: ₹47.14 LPA
- Employee Benefits:
Hero Electric offers the following employee benefits:
- Education Loans and Scholarships
- Flexi Timings and Company-Sponsored Courses
- Opportunities for Spouses
- Learning and Development Initiatives
- Hero Care Programme
5. Ather Energy
Ather Energy is a startup gaining attention in the Indian EV industry with the Ather 450X electric scooter. The company focuses on innovation, design, and technology tailored for Indian consumers.
The company not only provides robust EVs but also solves the issues related to charging by providing personal, public, and neighborhood fast charging equipment. The company is developing smart systems to improve customer interactions and streamline decision-making processes.
- Estimate Highest Salary: ₹49.4 LPA
- Employee Benefits:
Ather Energy offers the following employee benefits:
- Insurance Benefits
- Retirement Benefits
- Vacation Policy
- Continuous Learning Programs
- Capability-Building Initiatives
- Relocation Benefits
- Maternity/Paternity Leaves
- Sabbaticals
- Employee Assistance Program
- Team Member Discount on the Ather 450X
6. Okinawa Autotech
Okinawa Autotech specializes in electric two-wheelers, offering models like the Okinawa Ridge+ and Okinawa Praise. The company focuses on sustainable mobility solutions and affordable electric vehicles for the Indian market. The company aims to expand its product range to cater to different consumer needs. Furthermore, Okinawa Autotech with its fast-charging EV, is on a mission to make daily commutes easy and comfortable.
- Estimate Highest Salary: ₹43.77 LPA
- Employee Benefits:
Okinawa Autotech offers the following employee benefits:
- Salaries & Perks
- Work-Life Balance
- Management Support
- Health Insurance
- Retirement Plans
- Employee Welfare Programs
- Career Development
7. Revolt Motors
Revolt Motors stands out for its electric motorcycles like the RV400 and RV300, featuring swappable batteries and AI-enabled functionalities for enhanced user experience and convenience. The company prioritizes innovation and cutting-edge technology in the EV sector. Revolt Motors is working on introducing unique features like swappable batteries and AI-enabled functionalities in their electric motorcycles to enhance user experience and convenience.
- Estimate Highest Salary: ₹76.08 LPA
- Employee Benefits:
Revolt Motors offers the following employee benefits:
- Health Insurance
- Meal in Cafeteria
- Retirement Benefits
- Office Cab/Shuttle
8. Lohia Auto Industries
Lohia Auto Industries is transforming the automobile industry with green and eco-friendly solutions. They offer a wide range of electric vehicles that are efficient, reliable, clean, pollution-free, and noise-free. It is a prominent manufacturer of electric vehicles, including electric scooters and three-wheelers.
The company is committed to sustainable transportation solutions and affordable electric mobility. Some of their popular two-wheelers are Fame and OMA. Their famous three-wheelers include Humsafar and Narain.
- Estimate Highest Salary: ₹34.50 LPA
- Employee Benefits:
Lohia Auto Industries offers the following employee benefits:
- Free Meal
- Office Cab/Shuttle
- Health Insurance
- Job/Soft Skill Training
9. Ampere Electric
Ampere Electric, one of the top 10 electric vehicle companies in India, specializes in electric scooters and bikes. They have developed some impressive e-scooters like the Ampere Magnus and Zeal. The company is on a mission to drive India towards Har Gully Electric with its affordable EVs. The company aims at enhancing battery technology for a longer range and developing smart features to improve the overall user experience of electric vehicles.
- Estimate Highest Salary: ₹20.8 LPA
- Employee Benefits:
Ampere Electric offers the following employee benefits:
- Health Insurance
- Job/Soft Skill Training
- Free Meals
- 401K Plan
- Cafeteria
10. Kia Motors
Kia Motors is known for its commitment to innovation, design, and sustainability. The company has stepped into the EV industry with Kia EV16 offering advanced battery technology and smart connectivity features to individuals. With Kia Connect’s smart and futuristic features including emergency assistance, auto-collision notification, and 3D maps, Kia has gained popularity in the Indian market. Employees at Kia have often praised its healthy work culture, with less pressure, incredible growth opportunities, and competitive salaries.
- Estimate Highest Salary: ₹42.2 LPA
- Employee Benefits:
Kia Motors offers the following employee benefits:
- Medical, Prescription Drug, Dental & Vision Coverage
- Life and Disability Insurance
- Company Car Program
- Smart Working Policies
- Career Growth Opportunities
11. Ola Electric
Ola Electric, a subsidiary of Ola, aims to revolutionize electric mobility in India with a wide range of electric vehicles. The company focuses on affordability, sustainability, and technology development for Indian consumers. In addition to the environment and its customers, Ola aims to make the lives of its employees better and more comfortable. The company has created a work culture emphasizing professional growth, flexibility, and work-life balance.
- Estimate Highest Salary: ₹95.9 LPA
- Employee Benefits:
Ola Electric offers the following employee benefits:
- Health Insurance Benefits
- Transport Facilities
- Work from Home Policy
- Education Assistance
12. Bajaj Auto Limited
Bajaj Auto Limited is one of the best electric vehicle companies in India. It is a key player in the Indian automotive industry, venturing into electric mobility with models like the Bajaj Chetak Electric. The company focuses on blending tradition with innovation in its electric vehicles.
Bajaj Auto Limited has a legacy of excellence and a commitment to shaping the future of electric mobility. The company aims to combine iconic design elements with modern technology to create electric vehicles that resonate with Indian consumers.
- Estimate Highest Salary: ₹98.9 LPA
- Employee Benefits:
Bajaj Auto Limited offers the following employee benefits:
- Health Insurance
- Office Cab Service
- Free Meal
- Professional Degree Assistance
- Performance Bonus
Conclusion
With rising concerns related to pollution and increasing global warming, Indian marketing is shifting towards a greener and more sustainable mode of travel. Electric vehicles have gained popularity due to their smart features including no noise and smoother driving experience. If you are someone searching for an exciting industry to work in, then look no further; the EV industry is booming with tremendous growth opportunities. Partner with these top EV companies in India for professional growth, enhanced lifestyle, and a greener world!
What inspired you to explore EV as a career option? Let us know in the comments below! Also, don’t forget to check out our blog on the top 17 job search strategies to land your dream job with ease!
FAQs
Answer: The future of Electric Vehicles (EVs) in India is promising, with a significant shift towards sustainable mobility. By 2030, NITI Aayog expects electric vehicles to achieve a 70% market share for all commercial vehicles. This transition is set to revolutionize the automotive industry, reducing carbon emissions and promoting cleaner transportation solutions.
Answer: EV companies in India offer a diverse range of key roles across various domains, including:
1. EV Engineers – They specialize in battery technology and electric drivetrains.
2. EV Designers – They focus on innovative vehicle aesthetics.
3. EV Technicians – They look after the maintenance and repair of electric vehicles.
4. EV Sales and Marketing Professionals – They promote and sell EV products.
5. EV Infrastructure Planners- They are responsible for developing charging networks
Answer: The EV sector in India has grown at the rate of 40-45% in 2023 and is expected to continue growing at the rate of 15% in 2024. As the industry expands, there will be a high demand for skilled professionals. Employees can expect opportunities for career advancement, skill development, and specialization in cutting-edge technologies related to electric mobility.