New Delhi: India’s electric vehicle industry is gearing up for its biggest product expansion yet, with automakers and two-wheeler manufacturers expected to introduce nearly 40-50 new electric models and variants during FY27, averaging almost one EV launch every week.
The surge in product launches comes as consumer interest in electric mobility strengthens amid concerns over rising fuel prices and energy security. Industry players report a significant increase in enquiries for electric vehicles following higher petrol, diesel and CNG prices, prompting manufacturers to accelerate their EV plans, Moneycontrol reported.
Electric vehicle adoption is already showing strong momentum. EV penetration in the two-wheeler segment reached around 9 per cent in May 2026, compared with the FY26 average of 6.5 per cent and 7.8 per cent in April. In the passenger vehicle segment, EV penetration rose to 7 per cent in May from about 5 per cent earlier in FY26.
The upcoming launches will span passenger cars, electric scooters and motorcycles, with established manufacturers and emerging startups competing for a larger share of one of the country’s fastest-growing automotive segments.
Among passenger vehicle manufacturers, Tata Motors is expected to lead the launch cycle with three major electric models — the Safari EV, Sierra EV and Avinya. The Avinya is expected to introduce the company’s next-generation EV architecture.
Hyundai Motor India plans to showcase a locally developed electric vehicle in December before launching it commercially in the fourth quarter of FY27. Kia is also preparing to launch the Syros EV to strengthen its electric vehicle portfolio.
Japanese automaker Honda is set to enter India’s electric passenger vehicle market with the launch of the 0 Alpha, a mid-size electric SUV. Vietnamese manufacturer VinFast is expected to expand beyond electric cars with the launch of the VF3 compact electric SUV and plans to enter the electric two-wheeler market.
The premium vehicle segment is also expected to witness increased activity. Mercedes-Benz and BMW are preparing new EV launches, while the all-electric Range Rover is expected to make its India debut before December. Jaguar is planning a return as a fully electric brand, and Volvo is preparing to launch the flagship EX90 while reintroducing the EX40.
BMW Group India President and CEO Hardeep Singh Brar said the company plans to introduce 27 models during the year, with sustainability and electric mobility remaining central to its strategy.
India’s two-wheeler EV market, the largest by volume, is also set for a wave of new launches. Royal Enfield is expected to expand its electric motorcycle lineup with the Flying Flea S6 following the launch of the Flying Flea C6.
Leading manufacturers TVS Motor Company, Bajaj Auto and Hero MotoCorp are preparing multiple updates to their electric scooter ranges, including the iQube, Chetak and Vida brands. The refreshed models are expected to feature improved battery packs, additional features and new pricing options.
Industry executives believe competition is increasingly shifting towards offering customers multiple battery, range and performance options within the same vehicle family rather than relying solely on entirely new products.
Among dedicated EV manufacturers, Ather Energy is preparing to launch products based on its new EL platform, which is expected to support multiple future scooter models. Yamaha is also expanding its electric lineup with the anticipated launch of the Aerox E, the electric version of its popular maxi-scooter.
Several emerging manufacturers, including Greaves Electric Mobility, Ultraviolette Automotive, Oben Electric, Revolt Motors and Simple Energy, are collectively expected to introduce 10-12 new products during FY27.
Industry estimates indicate that India witnessed around 30-40 EV launches in FY26. With as many as 50 launches expected this year, FY27 is on track to become the most active year yet for electric mobility, reflecting the rapid transformation underway in the country’s automotive market.
