The India electric vehicle market size reached approximately USD 7.38 Billion in 2025. The market is further projected to grow at a CAGR of 34.70% between 2026 and 2035, reaching a value of USD 145.12 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
34.7%
Value in USD Billion
2026-2035
*this image is indicative*
Electric vehicles refer to vehicles that use electric motors for propulsion. They can also be powered by external sources such as generators, batteries, and fuel cells. These vehicles can operate partially or completely on electricity, depending upon the type of the vehicle. The two main types of electric vehicles include hybrid electric vehicles and battery electric vehicles.
The Expert Market Research’s report titled “India Electric Vehicle Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Platform
Market Breakup by Propulsion Type
Market Breakup by Vehicle Type
Market Breakup by Region
Battery electric vehicles are anticipated to account for a significant India electric vehicle market share in the coming years owing to the ability of the vehicles to reduce operational costs and carbon dioxide emissions. Battery electric vehicles are more environment friendly as opposed to their hybrid counterparts. Due to the efficiency of electric motors, these vehicles aid the owners in saving maintenance costs.
Passenger vehicles are expected to witness significant growth over the forecast period. This growth can be attributed to the increasing prices of diesel, petrol, and gasoline. The rising investments by the government towards the development and construction of supporting infrastructure is boosting the India electric vehicle market demand. The increasing initiatives by the government towards promoting the adoption of battery and hybrid electric vehicles is further supporting the market expansion.
The comprehensive Expert Market Research report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Tata Motors Limited, headquartered in Mumbai, India, is a motor vehicle manufacturing company that is involved in the production of electric vehicles, trucks, buses, sports utility vehicles, and defence vehicles, among others.
BMW AG was founded in 1916 and is headquartered in Munich, Germany. The company is involved in the production of electric vehicles, motorcycles, and luxury vehicles, among others. The company’s brand portfolio includes Alpina, BMW I, Rolls-Royce, and DriveNow, among others.
Mahindra & Mahindra Limited, headquartered in Mumbai, India, is a multinational automotive manufacturing corporation that specialises in electric vehicles, construction equipment, and agriculture equipment, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the Indian electric vehicle market include MG Motor India Pvt. Ltd., ANI Technologies Pvt Ltd., Hyundai Motor India, Piaggio Vehicles Private Limited, Kinetic Green Energy & Power Solutions Ltd., TVS Motor Company, and Bajaj Auto Ltd.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The market reached a value of approximately USD 7.38 Billion in 2025.
The market is projected to grow at a CAGR of 34.70% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 145.12 Billion by 2035.
The major market drivers include increasing initiatives by the government towards promoting the adoption of battery and hybrid electric vehicles and exponential rise in fuel prices in the country.
The key trends fuelling the growth of the market include rising investments by the government towards the development and construction of supporting infrastructure and strong presence of various key market players in the country.
The major regions in the market are North India, East India, West India, and South India.
The significant vehicle types include passenger cars and commercial vehicles.
The key players in the market are Tata Motors Limited, BMW AG, Mahindra & Mahindra Limited, MG Motor India Pvt. Ltd., ANI Technologies Pvt Ltd., Hyundai Motor India, Piaggio Vehicles Private Limited, Kinetic Green Energy & Power Solutions Ltd., TVS Motor Company, and Bajaj Auto Ltd, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Platform |
|
| Breakup by Propulsion Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share