Chinese companies rapidly become strong contenders in India EV market
Chinese automakers are no longer just knocking on India’s EV door—they’ve kicked it down and brought the furniture. Brands like BYD, MG, and Volvo (yes, the Swedish one now owned by China’s Geely) are flexing their tech, price, and feature muscles, grabbing a third of the market in record time. Tata and Mahindra may still lead, but the game is changing faster than a Tesla on Ludicrous Mode. The real twist? These aren’t just budget options anymore—they’re premium, packed with innovation, and increasingly local. India’s EV dream is getting a Chinese accent.
The rise of Chinese-backed EV brands in India is reshaping the competitive landscape. With aggressive localisation, access to advanced battery tech, and strong government incentives like FAME-II and PLI, these companies are rapidly scaling up. While Indian firms still hold the top spot, the surge in Chinese market share—now at 33%—signals a shift in consumer preference and industry dynamics. This trend is expected to continue as Chinese automakers expand their model lineup and deepen their supply chain presence, making them key players in India’s electric mobility revolution.
