Electric Vehicle Market In India 2026-2030

Description

The electric vehicle market in india is forecasted to grow by USD 19580.2 mn during 2025-2030, accelerating at a CAGR of 18.3% during the forecast period. The report on the electric vehicle market in india provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by comprehensive government policy frameworks and fiscal incentives, rapid expansion of charging infrastructure and multimodal connectivity, consumer preference for premium features and favorable total cost of ownership.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Market Scope
Base Year	2026
End Year	2030
Series Year	2026-2030
Growth Momentum	Accelerate
YOY 2026	15.8%
CAGR	18.3%
Incremental Value	$19580.2 mn

Technavio's electric vehicle market in india is segmented as below:

By Charging

Normal charging
Super charging

By Vehicle Type

Passenger cars
Commercial vehicles

By Type

BEV
PHEV

Geography

APAC
- India

This study identifies the structural dominance of electric two-wheelers and last-mile commercialization as one of the prime reasons driving the electric vehicle market in india growth during the next few years. Also, expansion of premium electric suv segment and global brand entry and localization of battery manufacturing and advanced chemistry cell ecosystems will lead to sizable demand in the market.

The report on the electric vehicle market in india covers the following areas:

Electric vehicle market in india sizing
Electric vehicle market in india forecast
Electric vehicle market in india industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle market in india vendors that include Ashok Leyland Ltd., BMW AG, BYD Co. Ltd., Stellantis NV, EKA Mobility, Etrio Automobiles Pvt Ltd, Euler Motors Pvt Ltd, Hyundai Motor Co., JBM Group, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, MG Motor, TI Clean Mobility Pvt Ltd, OMEGA SEIKI MOBILITY, Tata Motors Ltd., Tesla Inc., VinFast Auto Ltd., Volvo Car Corp.. Also, the electric vehicle market in india analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR76985

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Charging
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030

3 Market Landscape

3.1 Market ecosystem
3.2 Market characteristics
3.3 Value chain analysis

4 Market Sizing

4.1 Market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2025
4.4 Market outlook: Forecast for 2025-2030

5 Historic Market Size

5.1 Electric Vehicle Market in India 2020 - 2024
- Historic Market Size - Data Table on Electric Vehicle Market in India 2020 - 2024 ($ million)
5.2 Charging segment analysis 2020 - 2024
- Historic Market Size - Charging Segment 2020 - 2024 ($ million)
5.3 Vehicle Type segment analysis 2020 - 2024
- Historic Market Size - Vehicle Type Segment 2020 - 2024 ($ million)
5.4 Type segment analysis 2020 - 2024
- Historic Market Size - Type Segment 2020 - 2024 ($ million)

6 Qualitative Analysis

6.1 Impact of AI in electric vehicle market in India

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
7.7 Market condition

8 Market Segmentation by Charging

8.1 Market segments
8.2 Comparison by Charging
8.3 Normal charging - Market size and forecast 2025-2030
8.4 Super charging - Market size and forecast 2025-2030
8.5 Market opportunity by Charging
- Market opportunity by Charging ($ million)

9 Market Segmentation by Vehicle Type

9.1 Market segments
9.2 Comparison by Vehicle Type
9.3 Passenger cars - Market size and forecast 2025-2030
9.4 Commercial vehicles - Market size and forecast 2025-2030
9.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)

10 Market Segmentation by Type

10.1 Market segments
10.2 Comparison by Type
10.3 BEV - Market size and forecast 2025-2030
10.4 PHEV - Market size and forecast 2025-2030
10.5 Market opportunity by Type
- Market opportunity by Type ($ million)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Drivers, Challenges, and Opportunity

12.1 Market drivers
- Comprehensive government policy frameworks and fiscal incentives
- Rapid expansion of charging infrastructure and multimodal connectivity
- Consumer preference for premium features and favorable total cost of ownership
12.2 Market challenges
- Inverted duty structures and fiscal policy uncertainty
- Fragmented charging ecosystem and digital infrastructure gaps
- Upstream supply chain dependence and raw material scarcity
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
12.4 Market opportunities
- Structural dominance of electric two-wheelers and last-mile commercialization
- Expansion of premium electric SUV segment and global brand entry
- Localization of battery manufacturing and advanced chemistry cell ecosystems

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 Ashok Leyland Ltd.
- Ashok Leyland Ltd. - Overview
- Ashok Leyland Ltd. - Product / Service
- Ashok Leyland Ltd. - Key offerings
- SWOT
14.5 BMW AG
- BMW AG - Overview
- BMW AG - Business segments
- BMW AG - Key offerings
- BMW AG - Segment focus
- SWOT
14.6 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- SWOT
14.7 Stellantis NV
- Stellantis NV - Overview
- Stellantis NV - Business segments
- Stellantis NV - Key news
- Stellantis NV - Key offerings
- Stellantis NV - Segment focus
- SWOT
14.8 EKA Mobility
- EKA Mobility - Overview
- EKA Mobility - Product / Service
- EKA Mobility - Key offerings
- SWOT
14.9 Etrio Automobiles Pvt Ltd
- Etrio Automobiles Pvt Ltd - Overview
- Etrio Automobiles Pvt Ltd - Product / Service
- Etrio Automobiles Pvt Ltd - Key offerings
- SWOT
14.10 Euler Motors Pvt Ltd
- Euler Motors Pvt Ltd - Overview
- Euler Motors Pvt Ltd - Product / Service
- Euler Motors Pvt Ltd - Key offerings
- SWOT
14.11 Hyundai Motor Co.
- Hyundai Motor Co. - Overview
- Hyundai Motor Co. - Business segments
- Hyundai Motor Co. - Key news
- Hyundai Motor Co. - Key offerings
- Hyundai Motor Co. - Segment focus
- SWOT
14.12 JBM Group
- JBM Group - Overview
- JBM Group - Product / Service
- JBM Group - Key offerings
- SWOT
14.13 Mahindra and Mahindra Ltd.
- Mahindra and Mahindra Ltd. - Overview
- Mahindra and Mahindra Ltd. - Business segments
- Mahindra and Mahindra Ltd. - Key news
- Mahindra and Mahindra Ltd. - Key offerings
- Mahindra and Mahindra Ltd. - Segment focus
- SWOT
14.14 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- SWOT
14.15 TI Clean Mobility Pvt Ltd
- TI Clean Mobility Pvt Ltd - Overview
- TI Clean Mobility Pvt Ltd - Product / Service
- TI Clean Mobility Pvt Ltd - Key offerings
- SWOT
14.16 OMEGA SEIKI MOBILITY
- OMEGA SEIKI MOBILITY - Overview
- OMEGA SEIKI MOBILITY - Product / Service
- OMEGA SEIKI MOBILITY - Key offerings
- SWOT
14.17 Tata Motors Ltd.
- Tata Motors Ltd. - Overview
- Tata Motors Ltd. - Business segments
- Tata Motors Ltd. - Key news
- Tata Motors Ltd. - Key offerings
- Tata Motors Ltd. - Segment focus
- SWOT
14.18 Volvo Car Corp.
- Volvo Car Corp. - Overview
- Volvo Car Corp. - Product / Service
- Volvo Car Corp. - Key offerings
- SWOT

15 Appendix

15.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations