1 / 8TATA MOTORS |The company enjoys a 90 percent market share in the electric passenger vehicle sector with Tata Nexon being the highest-selling EV in India. Tata Motors EV sales have risen 6X in the last 12 months from 372 sales in December 2020 to 2,361 in December 2021. The company is now eyeing 50,000 annual sales by FY23.
2 / 8BAJAJ AUTO | The company invested Rs 300 crore in an electric vehicle plant in Pune which will have a production capacity of 500,000 electric vehicles a year by June 2022. The first EV from the new plant will be rolled out in June 2022.
3 / 8TVS MOTORS | The company currently sells the iQube Electric scooter which has a 4 percent market share in EV scooters. It sold more than 5,000 units of iQube this fiscal. TVS motor is investing Rs 1,000 crore in the EV business Creating a capacity of 10,000 units/month for electric two-wheelers.
4 / 8MINDA INDUSTRIES | The company supplies lamps, switches, seats, alloy wheels and acoustics for large EV manufacturers. It has orders of over Rs 400 crore from new-age electric vehicle manufacturers. It signed a joint venture with FRIWO - a Germany-based charging technology company. The peak sales value from EV contribution is expected in FY25.
5 / 8JBM AUTO | The company manufactures electric buses. The electric vehicles segment is currently 24 percent of the overall business and is expected to grow to 40 percent. JBM is currently delivering 200 EV buses to the Delhi government.
6 / 8TATA ELXSI | The company offers engineering services and solutions for connected, autonomous and electric vehicles. 44 percent of the overall business comes from the automotive market. Tata Motors is one of the key clients of Tata Elxsi.
7 / 8KPIT TECH | The company is working with 10 of the top 15 auto OEMs globally. It initiated a pilot program with EV disruptors like Lucid, Rivian and Nio. 30 percent of revenues for the company come from the electric power train business including battery charging and management systems.
8 / 8OLECTRA GREENTECH | The electric bus manufacturer’s revenue in Q3 surged due to a big jump in orders. The company supplied 103 electric buses in Q3FY22 vs 13 e-buses in Q3FY21.
