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Electric Cars in India

The electric car market in India is growing rapidly in line with global patterns. As per a recent study, it is estimated that by 2027, there will be 6.3 million electric cars sold every year in India. This is a whopping compounded annual growth rate (CAGR) of 44% between 2020-2027. Associated infrastructure such as charging stations and batteries are also expected to grow at a similar pace. As a result, most major car manufacturers in India are getting on the electric vehicle (EV) bandwagon and electric car prices in India have been steadily going down. Read on to find out which are the best electric cars in India 2022. This article also covers electric car prices in India.

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List Of Best Electric Cars in India in 2022

We all know that buying an electric car would be an environmentally conscious decision. However, most of us face a common dilemma, which EV to opt for? Let’s explore the list of electric cars in India that are popular and cost-effective, along with their estimated third-party insurance prices:

Electric Car

Ex-Showroom Price*

Tata Nexon EV

₹14.54 Lakh - ₹17.15 Lakhs

MG ZS EV

₹21.99 Lakh - ₹25.88 Lakhs

Tata Tigor EV

₹12.24 Lakh - ₹13.39 Lakhs

Mahindra E-Verito

₹9.12 Lakh - ₹9.46 Lakhs

Hyundai Kona EV

₹23.79 Lakh - ₹23.97 Lakhs

The ex-showroom prices mentioned above are for Delhi and are subject to change based on the city.

Now that we have had a look at the list of some of the best electric cars in India, it is time to deep dive into each car model:

1. Tata Nexon EV

In 2021, Tata Nexon EV was the best-selling electric car in India with over 9,000 units sold in the year. The subcompact crossover SUV produces 94.7 KW power and 245 Nm torque from its 127 HP engine. Its 30.2 kWh battery has a claimed range of 312 km and can be fully charged in 8 hours using an AC charger. With an ex-showroom price starting at ₹14.54 Lakhs, not only does the Nexon EV fall on the lower end of the electric car price band but it has also been rated as one of the safest cars in India.

Car Name

Tata Nexon EV


Ex-Showroom Price (Delhi)

₹14.54 Lakhs - ₹17.15 Lakhs


Range

312 km on a single charge


Horsepower

127.0 Bhp


Transmission

Automatic

With over 2,700 units sold in 2021, the MG ZS EV is the second most popular electric car in India. With a price starting from ₹21.99 Lakhs, the SUV targets the luxury electric car segment and is situated on the upper end of the electric cars price in India. Its 50.3 kWh battery produces a peak power of 173.83 Bhp and offers a driving range of 461 km per full charge. It takes between 6-8 hours to be fully charged. With exceptional battery life and horsepower, MG ZS EV is one of the top electric cars in India.

Car Name

MG ZS EV


Ex-Showroom Price (Delhi)

₹21.99 Lakhs - ₹25.88 Lakhs


Range

461 km on a single charge


Horsepower

173.83 Bhp


Transmission

Automatic

Another electric offering from Tata Motors, one of the famous electric cars in India, the Tigor EV is a compact sedan that comes with a 26kWh battery offering a range of 306 km on a single charge. The car is known to offer a superior driving experience at a feasible electric auto price.

Car Name

Tata Tigor EV


Ex-Showroom Price (Delhi)

₹12.24 Lakhs - ₹13.39 Lakhs


Range

306 km on a single charge


Horsepower

73.75 Bhp


Transmission

Automatic

Priced at a little over ₹9 Lakhs, Mahindra E-Verito is another affordable car placed towards the lower end of the electric car price spectrum in India. Its 288 aH Lithium-ion battery offers a driving range of 181 km on a single charge and requires a charging time of 11 hours 30 minutes to be fully charged.

Car Name

Mahindra E-Verito


Ex-Showroom Price (Delhi)

₹9.12 Lakhs - ₹9.46 Lakhs


Range

181 km on a single charge


Horsepower

41.57 Bhp


Transmission

Automatic

The Kona EV by Hyundai Motors is a stylish SUV that is also high on performance. Its 39.2 kWh battery delivers a peak power of 134.1 bhp and offers a driving range of up to 452 km on a single full charge. Its charging time is stated to be approximately 6 hours 10 minutes. Priced upwards of ₹23 Lakhs, the Kona is positioned as a direct competitor to the MG ZS EV at the upper end of the EV car price in India.


Car Name

Hyundai Kona EV


Ex-Showroom Price (Delhi)

₹23.79 Lakhs - ₹23.97 Lakhs


Range

452 km on a single charge


Horsepower

134 Bhp


Transmission

Automatic

Conclusion

Now that you know some of the top electric cars in India, if you are considering buying one, you must also know that as per India law, you need to secure your vehicle with an electric car insurance policy. As of now, there is no separate insurance policy for electric cars in India. However, as the demand for electric cars picks up, many insurance providers are designing tailor-made insurance policies for electric cars. The Insurance Regulatory and Development Authority of India (IRDAI), with an aim of incentivizing electric cars in India, has mandated that electric cars will be entitled to a 15% discount on insurance as compared to petrol or diesel cars. Finserv MARKETS has car insurance plans for electric cars with comprehensive coverage and low premiums. From cashless claim settlement to options to customise plans with add on covers, there’s more value for money.

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FAQs on Best EV Cars in India

  • ✔️What is the price of electric cars in India?

     Electric car prices in India fall mostly within a range of ₹4.5 Lakhs to ₹1.88 Crores. With advances in technology, the prices of electric cars are expected to come down further.

  • ✔️How do I get my electric car insured?

     Electric cars can be insured in the same way as petrol and diesel cars are insured in India. You need to purchase motor insurance from a reliable insurance provider.  

  • ✔️Why do I need to insure my electric car?

     It is mandatory by law to have motor insurance for your vehicle in India. Besides, motor insurance also protects you from the high costs of repair and replacement in case of damage or theft of your car. Given the relatively high electric car prices in India, it is prudent to have your electric car insured.

  • ✔️What is the standard requirement for electricity in Indian electric cars?

    An electric car in India can consume 20 to 30 units of electricity to be fully charged.

  • ✔️How much time does it take on average to charge an EV completely?

     It takes less than 8 hours to charge a car from zero battery to fully charged with a 7 kW charging point.

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