India Electric Vehicle Market to Hit USD 23.52 Billion Tons by 2030- MarkNtel

 


MarkNtel Advisors Releases Comprehensive Study on the  India Electric Vehicle  Market, Forecasting Strong Growth from 2025-2030

MarkNtel Advisors,  a leading market research and consulting firm, has announced the release of its latest study titled “ India Electric Vehicle Market  Analysis, 2025-2030.” This report provides a detailed assessment of the India Electric Vehicle Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape. 

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

✅ In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report:  (Discover the market potential, platform-specific insights, and key industry trends.) https://www.marknteladvisors.com/query/request-sample/india-electric-vehicle-market.html 

India Electric Vehicle Market Timeline Overview

Historical Years : 2020-23

Base Year:  2024

Forecast year  - 2025-30 

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

India Electric Vehicle Market Outlook

According to the report, the India Electric Vehicle Market size was valued at around USD 5.22 billion in 2024 and is projected to reach USD 23.52 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 28.52% during the forecast period, ie, 2025-30.           

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market's trajectory over the next decade.

India Electric Vehicle Market Trends:

  • Government Incentives and Policies:  The Indian government is implementing favorable policies, including subsidies, tax exemptions, and registration fee waivers, aimed at promoting EV adoption. Initiatives like the FAME India-II scheme support the domestic manufacturing of EVs and components.
  • Expansion of Charging Infrastructure:  Significant investments are being made to expand the EV charging network across urban and rural areas. Public and private sectors are working collaboratively, with projections for thousands of new charging stations to support mass EV adoption.
  • Rise of Two-Wheelers:  The two-wheeler segment is dominating the EV market in India, accounting for more than 50% of sales. Factors like the growth of e-commerce and food delivery services drive demand due to the operational efficiency of electric scooters.
  • Integration of Advanced Technologies:  The incorporation of AI and IoT in EVs is enhancing user experience with features such as battery monitoring, predictive maintenance, and smart connectivity, making electric vehicles more attractive to consumers.
  • Challenges with After-Sales Support:  Despite rapid growth, the market faces challenges, notably a lack of trained technicians and adequate after-sales service infrastructure, particularly in tier 2 and tier 3 cities, which could hinder broader adoption.

View Full Report (All Data, In One Place): ( Explore in-depth analyses, technological trends, and investment patterns.)  https://www.marknteladvisors.com/research-library/india-electric-vehicle-market.html

India Electric Vehicle Market Segmentation

The study categorizes the India Electric Vehicle Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

-By Vehicle Type

  • Passenger Cars- Market Size & Forecast 2020-2030, Thousand Units
  • Commercial Vehicles- Market Size & Forecast 2020-2030, Thousand Units
  • Two Wheelers
  • Three Wheelers- Market Size & Forecast 2020-2030, Thousand Units

-By Propulsion Type

  • Battery Electric Vehicle (BEV)- Market Size & Forecast 2020-2030, Thousand Units
  • Hybrid Electric Vehicle (HEV)- Market Size & Forecast 2020-2030, Thousand UnitsHybrid Electric Vehicle (HEV)- Market Size & Forecast 2020-2030, Thousand Units

Geographical Analysis

The report presents detailed insights into the market's geographical expansion, highlighting key trends and opportunities across the following geographies:

-By Region

  • North
  • South
  • East
  • West

T alk to Our Industry Analyst:  Get personalized insights into company strategies and regional market dynamics.)  https://www.marknteladvisors.com/query/talk-to-our-consultant/india-electric-vehicle-market.html

Key Highlights of the Report

  • Comprehensive Market Overview:  In-depth analysis of market size, share, and forecasts from 2025-2030.
  • Growth Drivers & Challenges:  Clear insights into factors fueling or restraining market expansion.
  • Investment & Regulatory Insights:  Evaluation of key policies, funding trends, and collaborations influencing industry performance.
  • Competitive Landscape:  Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools:  Application of SWOT Analysis , PESTEL Analysis , and Porter’s Five Forces Model to assess competition and external influences    

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online –  https://www.marknteladvisors.com/pricing/india-electric-vehicle-market.html

Frequently Asked Questions (FAQ)

  1. What is the projected growth rate of the India Electric Vehicle Market?
  2. What are the major factors driving this market's growth?
  3. Which regions are expected to lead the India Electric Vehicle Market?
  4. Who are the prominent players in the India Electric Vehicle Market?
  5. How is the competition structured in this market?
  6. How can I access the full report?

Read More:

About us:

MarkNtel Advisors  is a leading Market Research Company and Industry Research Report Firm offering end-to-end intelligence across the automotive sector, including automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our extensive portfolio of Syndicated Research Reports and Customized Market Research Reports delivers global, regional, and country-level insights that help manufacturers, suppliers, and investors navigate evolving emission standards, technological disruptions, and changing consumer mobility trends. Built on robust data analytics, primary interviews, and Export and Import Data, our research provides actionable Market Forecasts and Revenue Impact Assessments. Clients leverage our intelligence for business analysis, competitive benchmarking, and go-to-market planning. Through our specialized Consulting Services, we empower automotive stakeholders to translate insight into strategy, ensuring agility, innovation, and profitable growth in a transforming global mobility landscape.

Reach Us:

MarkNtel Advisors

Sector 63, Noida, Uttar Pradesh-201301, India

Contact No:  +91 8719999009

Email:  sales@marknteladvisors.com

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