Electric Vehicles (EVs) in India

India’s electric bike market is expanding rapidly, with around 60-62 electric bikes currently available for sale across multiple segments. From affordable city EVs to ultra-luxury electric grand tourers, buyers now have plenty of options to choose from. Some of the most popular electric bikes in India under 10 lakhs include MG Comet EV (₹7.50), Tata Tiago EV (₹7.99), Tata Punch EV (₹9.69), and in some listings extended to close options like variants dipping under with offers, though primarily these three dominate the sub-10 lakh space (with the Punch EV base often highlighted for its value). At the entry level, MG Comet EV (or Vayve Mobility Eva in niche low-speed segments at even lower ~₹3.25 Lakh) is among the most affordable electric bikes with prices starting at ₹6.31-7.50 Lakh (depending on source and variant), while the costliest EV on sale is Rolls-Royce Spectre which sits at the top end of the market with a price tag of ₹7.50 Crore (or up to ~₹9.5 Crore in some luxury configs). Most EV batteries are of lithium-ion type (commonly LFP for affordable models due to safety and cost, or NMC for higher-range premium ones) and can charge to 80 percent in 1 hour or less (with fast DC charging on many models, often 30-60 mins for 10-80%). Tata, Mahindra, and MG dominate India's EV market in 2026, leading sales with strong models. Tata excels with Nexon EV, the top compact SUV with around 489 km range and 5-star safety, Punch EV, a popular affordable urban choice, and Tiago EV, the budget-friendly entry-level favorite. Mahindra surges with XEV 9e, a premium long-range beast, BE 6, a sporty mid-premium hit, and XEV 9S, an impressive 7-seater family option. MG shines with Windsor EV, a comfort-focused bestseller, Comet EV, the ultra-cheap city runabout, and ZS EV, a tech-packed crossover. These brands own the segment. Lastly, BaaS (Battery as a Service) scheme is also gaining interest with bikes like MG Comet EV, MG Windsor EV, Tata Punch EV, Maruti Suzuki e Vitara available at low cost and with battery rental starting at 3-6 rupees per kilometer (e.g., MG Comet often at ~₹3.2/km, others in similar 3-4 range depending on plan and usage). This lowers upfront prices significantly while shifting battery costs to pay-per-use.