Top 7 Electric Car Launches Expected By 2023

By: Seat Earnings

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.

1 .Tata Motors – 3 EV launches 

Tata Motors currently leads the EV sales in the passenger segment with the Tata Nexon EV and the Tigor EV.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). 

2. Mahindra – 1 EV launch 

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). 

3. Hyundai – 2 EV launches 

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. 

4.Skoda – 1 EV launch 

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. 

5. Citroen – 1 EV launch 

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.

6. Volvo – 1 EV launch 

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.

7.Mercedes-Benz – 3 EV launches 

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). 

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