scorecardresearch

Top 20 electric car launches expected by 2023

Top 20 electric car launches expected in 2022 and 2023. We list the upcoming EVs planned for India, their approximate launch dates, and their expected pricing.

Top 20 electric car launches expected by 2023

Electric vehicles are gaining popularity in every segment, be it two, three, or four-wheelers. However, while the other segments offer a wide variety of choices, the four-wheeler passenger vehicle market needs a bridge between mass sellers such as the Tata Nexon EV and the super luxury offerings by BMW, Mercedes-Benz, and Audi.

This is all about to change as 20 electric vehicles are to be launched by 2023 in India, a mix from mass-market models to luxury markets. Let’s take a look at 20 electric cars that are expected by 2023 from carmakers.

Tata Motors – 3 EV launches

tata sierra ev

Tata Motors currently leads the EV sales in the passenger segment with the Tata Nexon EV and the Tigor EV. The carmaker has become the most successful EV maker in India, primarily owing to its EVs targetted at the mass market. Tata Motors has 3 EV launches planned — Tiago EV, Sierra, and Altroz.

The three vehicles will be based on the carmaker’s Ziptron technology, and the Altroz EV launch can be expected this year itself, while the Sierra and Tiago are expected to be launched during the first quarter of 2023. Expect Tata Motors to price the Altroz EV and the Sierra at ~Rs 14-15 lakh mark (ex-showroom), while the Tiago EV could be priced ~Rs 5.5-6.5 lakh (ex-showroom).

Mahindra – 1 EV launch

mahindra exuv300

India’s leading SUV manufacturer, Mahindra recently launched the new Scorpio-N and is looking forward to launching the Scorpio Classic, which will the current model with a refresh. However, the carmaker’s EV plan remains, to launch the eXUV300, which will compete directly with the Tata Nexon EV.

The eXUV300 will be launched early next year and will be slightly longer than its ICE sibling at 4.2-metres long. The Mahindra eXUV300 is expected to offer a similar range to the Nexon EV and can be expected to be priced at ~Rs 15 lakh mark (ex-showroom).

Hyundai – 2 EV launches

hyundai ioniq 5

Hyundai was one of the first to launch an EV with a real-world usable range of around 300 km with the Kona EV. The carmaker has plans to refresh the Kona EV with a facelift launch planned during the third quarter of this year, priced at around Rs 25 lakh ex-showroom.

The other launch is the Ioniq 5 EV, which is based on the same platform as the recently-launched Kia EV6. Hyundai has plans to price it around the Rs 60 lakh mark (ex-showroom), and unlike the Kia EV6 which was a CBU, the Ioniq 5 EV will be built in India and launched during the last quarter of 2022. To know more about the EV, you can read our comparison between the Hyundai Ioniq 5 vs the Kia EV6.

Skoda – 1 EV launch

skoda enyaq iv

VW-owned Skoda has plans to launch the Enyaq iV in India around the first half of 2023. The Skoda Enyaq iV is the carmaker’s first electric SUV and promises a range of 520 km on a full charge. The Enyaq iV will be powered by an 82.0 kWh battery pack. When launched, expect Skoda to price the electric SUV at around Rs 60 lakh (ex-showroom), as this will be brought to India as a CBU.

Citroen – 1 EV launch

citroen c3

French carmaker Citroen is slowly paving its way into India with the C5 Aircross that’s already on sale, and the soon-to-launch C3. However, Citroen also has EV plans and could launch the C3 EV in India late next year. The C3 EV, if built in India, can be a great alternative to the Tata Nexon EV and the Mahindra EXUV300, but there are no solid confirmations yet. If Citroen does decide to launch the C3 EV, it could be priced at around Rs 14-15 lakh, ex-showroom.

Volvo – 1 EV launch

volvo xc40 recharge

Volvo has announced its plans to debut the XC40 Recharge in India on July 26. The XC40 Recharge will be built in India and can expect the carmaker to price it at around Rs 65 lakh (ex-showroom) and rival the Kia EV6 and the Hyundai Ioniq 5 when launched.

The Volvo XC40 will be powered by a 78 kWh battery and gets two electric motors on each axle, delivering 402 bhp and 660 Nm of torque. Volvo claims a WTLP range of 418 km – on par with its competition – and can be fully recharged in two and a half hours using a 50kW DC fast charger. Read more on the top 5 things to know about the Volvo XC40 Recharge to see what the Swedish carmaker has to offer.

Mercedes-Benz – 3 EV launches

mercedes benz eqs

German luxury carmaker, Mercedes-Benz, currently offers the EQC in India, and for the coming months, the carmaker has two launches planned, the EQS and the EQA, priced at around Rs 1.75 crore (ex-showroom) and Rs 60 lakh (ex-showroom) respectively. The third launch will be the EQS SUV, planned for sometime around the second quarter of 2023. The Mercedes-Benz EQS SUV could carry a price tag of around Rs 2 crore (ex-showroom).

All three models will be built/assembled in India by the carmaker, and when launched, the EQS will compete with BMW’s upcoming i7, while the EQA will compete with the upcoming BMW iX1.

BMW – 2 EV launches

bmw i7

Hot on Mercedes’ tail is BMW with plans to launch the i7 and the iX1 EVs in India. The BMW i7 is expected to carry a price tag of around Rs 2.5 crore (ex-showroom), as it will be a CBU, while the iX1 is expected to be priced at ~Rs 60 lakh (ex-showroom), which will compete with the Mercedes EQA and the Volvo XC40 Recharge. Both vehicles from BMW are expected to be launched in India in early 2023.

Currently, BMW sells the i4 electric sedan in India, priced at Rs 69.90 lakh (ex-showroom), which falls under a similar price bracket to the Kia EV6. The i4 makes 335 bhp and 430 Nm of torque with its 83.9 kW battery pack and offers a range of WTLP range of 590 km.

Audi – 1 EV launch

audi q4 etron

Audi’s also on the list with 1 planned EV launch, the Q4 e-Tron. Expected to launch during the first half of 2023, the e-Tron could carry a price tag of around Rs 80 lakh (ex-showroom) and will be sold as a CBU. When launched, the Audi Q4 e-Tron will compete against the Volvo XC40 Recharge, the Ioniq 5, EV6, and the models Mercedes-Benz and BMW have plans for. However, due to the CBU route, Audi could be at a disadvantage, but we don’t want to judge the market just yet.

Tesla – 4 EV launches

tesla model 3

Tesla has big ambitions to enter India with four models – Model X, Model Y, Model 3, and Model S – however, there have been numerous hurdles along its way including taxes, confusion between making in India and building in the USA, and a host of others. The carmaker has also put plans on hold as of now and has asked its Indian team to concentrate in the Middle East and has also moved them there.

However, if all goes well, Tesla could look at launching four models in India late this year or early next year. The pricing is tough to determine, as confusion prevails in these models between CBU and CKD. When launched as CBUs, the Teslas could be priced between Rs 60 lakh and Rs 2 crore (ex-showroom) and will compete with BMW, Mercedes-Benz, Audi, Volvo, Hyundai, and Kia.

Ford – 1 EV launch

ford mustang mach e

American carmaker Ford recently wound up its operations in India, however, announced that it will focus on bringing EVs to the country. What we can expect from Ford is the launch of the Mustang Mach E EV later this year. The Ford Mustang Mach E EV will be brought via the CBU route and could carry a price tag of ~Rs 70 lakh (ex-showroom), putting it right in the middle of a segment that Mercedes-Benz, BMW, Audi, Volvo, Hyundai, and Kia have products lined up.

Make ModelExpected Launch
Tata MotorsAltroz EVQ3 2022
Tata MotorsSierra EVQ1 2023
Tata MotorsTiago EVQ1 2023
Mahindra eXUV300Q3 2022
HyundaiKona FaceliftQ3 2022
Hyundai Ioniq 5Q4 2022
SkodaEnyaq iVQ1 2023
CitroenC3 EVQ3 2023
VolvoXC40 RechargeQ3 2022
Mercedes-BenzEQSQ4 2022
Mercedes-Benz EQAQ4 2022
Mercedes-Benz EQS SUVQ2 2023
BMWi7Q1 2023
BMWiX1Q1 2023
AudiQ4 e-TronQ1 2023
TeslaModel 3Q4 2022
TeslaModel SQ1 2023
TeslaModel XQ1 2023
Tesla Model YQ4 2022
Ford Mustang Mach EQ4 2022

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.