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India EV Charging Market

India EV Charging Market Share, Size, Growth, Analysis, Forecast: By Charging Type: AC, DC; By Power Output: Rapid Chargers, Fast Chargers, Slow Chargers; By Location: Street Parking, Depot, Highways, Workplaces, Retail Spaces, Others; By Phase: Single Phase, Three Phase; Regional Analysis; Competitive Landscape; 2024-2032

India EV Charging Market Size

The India EV charging market reached a volume of approximately 1.28 million units in 2023. The market is further expected to grow at a CAGR of 22.20% between 2024 and 2032, reaching a volume of 7.80 million units by 2032.

 

India EV Charging Market Report Summary Description Value
Base Year Million Units 2023
Historical period Million Units 2018-2023
Forecast Period Million Units 2024-2032
Market Size 2023 Million Units 1.3
Market Size 2032 Million Units 7.8
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 22.2%
CAGR 2024-2032 - Market by Region North India 23.9%
CAGR 2024-2032 - Market by Charging Type AC 23.2%
CAGR 2024-2032 - Market by Power Output Rapid Chargers 25.1%
Market Share by Region South India 31.1%

 

India EV Charging Market Outlook

  • India has 1 charging station for around 135 electric vehicles, which increases the chance of the country achieving its EV adoption goals for 2030.
  • As per India EV charging market report, Karnataka leads in terms of public EV charging stations, with 5,059 stations as of 2023. Bengaluru Urban district has the most with 4,281 stations, which is 85% of the state's charging infrastructure.
  • As per industry reports, other states with a significant number of public EV charging stations include Maharashtra (3,079), Delhi (1,886), Kerala (958), Tamil Nadu (643), Uttar Pradesh (583), and Rajasthan (500).

 

india ev charging market

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India EV Charging Market Growth

Electric vehicle charging refers to the process of utilising EV charging equipment to deliver electricity to the battery of the electric vehicle. EV charging stations are used for providing electricity to charge hybrid electric vehicles and electric vehicles and these chargers are available in varying charging capacities. Fixed stations can be set up for electric vehicle charging as well as portable charging options.

 

The key drivers aiding the India EV charging market development include the government's initiatives such as the FAME-II scheme, which has extended the deadline to March 31, 2024, and the allocation of INR 800 Crore for setting up public fast EV charging stations.

 

Additionally, oil PSUs like Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL), and Indian Oil (IOCL) have plans to set up 22,000 EV charging stations at their retail outlets, further enhancing the infrastructure. The increasing adoption of electric vehicles, driven by the need for sustainable transportation and the benefits of reduced carbon emissions, also contributes to the growth of the India EV charging market.

 

Industry Outlook

Growing From FY17-18 to FY23-24, electric vehicle sales in India have demonstrated robust growth across all categories, as reported by Society Of Manufacturers Of Electric Vehicles (SMEV). Electric 2-wheeler sales surged from 2,005 units in FY17-18 to 944,126 units in FY23-24, reflecting the increasing consumer adoption. Electric 3-wheelers also saw substantial growth, from 91,970 units in FY17-18 to 632,485 units in FY23-24. Electric bus sales rose from 19 units in FY17-18 to 3,693 units in FY23-24.

 

Between FY18 and FY25, there was a significant increase in electric 4-wheeler sales in India, according to Society Of Manufacturers Of Electric Vehicles (SMEV) as of June 24, 2024. Sales began at 1,204 units in FY18 and saw a steady rise, reaching 2,377 units in FY20. A notable jump occurred in FY21 with sales climbing to 5,154 units. This upward trend continued, peaking at 47,499 units in FY23. The current fiscal year FY24 has already recorded 90,432 units, indicating sustained growth in India EV charging market.

 

The total sales of electric vehicles reached 1,670,736 units in FY23-24, up from 95,198 units in FY17-18, indicating a widespread shift towards electric mobility. The data, current as of June 24, 2024, excludes Telangana.

 

According to the IEA, global investment in EV batteries has increased eightfold since 2018 and fivefold for battery storage, reaching USD 150 billion in 2023. Approximately USD 115 billion was dedicated to EV batteries, with China, Europe, and the United States accounting for over 90% of the total investment. China leads the battery supply chain, holding nearly 85% of global battery cell production capacity and significant shares in cathode and anode active material production. The extraction and processing of critical minerals are also geographically concentrated, with China at the forefront. Battery mineral prices have been volatile, rising sharply in 2021 and 2022 before declining in 2023 and early 2024, highlighting the need for increased investment and diversification as the market grows.

 

EV Charging Industry Statistics in India

The leading players in the Indian electric vehicle market include Tata Motors, MG Motors, and Mahindra. In 2023, Tata Motors led the domestic EV market with a 72 percent share, followed by MG Motors at 10.8 percent and Mahindra at 9 percent. The top-selling models included Tata Motors' Tiago, Nexon, and Tigor, MG's ZS, and Mahindra's XUV400. Citroen's eC3 EV held a 3.5 percent market share.

 

As per the Ministry of Power, (As of February 2, 2024), there are 12,146 operational public EV charging stations across various states in India. The states with the highest number of charging stations include Maharashtra with 3,079, Delhi with 1,886, Karnataka with 1,041, and Kerala with 852. Other significant contributors are Gujarat with 476, Telangana with 481, and Tamil Nadu with 643 charging stations.

 

Key Trends and Recent Developments

Rising popularity of EVs, focus on reducing carbon emissions, and expansion of charging infrastructure are augmenting the India EV charging market growth

 

May 2024

The National Capital Region Transport Corporation (NCRTC) has inaugurated the first electric vehicle (EV) charging station at the Sahibabad Rapid Rail Transit System (RRTS) stop, marking a significant step towards promoting sustainable transportation in the region.

 

December 2023

Hero MotoCorp and Ather Energy joined forces to establish India's first inter-operable fast-charging network for electric two-wheelers. This groundbreaking initiative will span 100 cities nationwide, offering over 1,900 fast-charging points to enhance the accessibility and efficiency of EV charging.

 

November 2023

Ather Energy, a leading Indian electric scooter manufacturer, is gearing up to introduce a 'Family Escooter' in 2024. This new model aims to provide a spacious and comfortable ride for families and meets the growing demand for eco-friendly transportation solutions in India.

 

Rising popularity of EVs

Increasing popularity of electric vehicles is one of the crucial trends boosting the EV charging market size in India. Due to their low running costs, electric vehicles are more economically viable in the long run, this advantage is propelling various users to switch to electric vehicles.

 

Advancements in charging technologies

Technological advancements in electric vehicle charging are further fuelling the India EV charging market expansion. Provision of real-time information about vacant spots and convenient booking of slots for charging along with integration of Internet of Things with EV charging stations are aiding the market growth.

 

Growing focus on reducing carbon emissions

Another crucial trend in market is rising environmental concerns. As a result of high carbon emission and release of hazardous pollutants by fuel-based vehicles, individuals are switching to electric vehicles, thus increasing the requirement for EV charging in India.

 

Emergence of EV charging standards

The emergence of universal charging standards is a notable trend in India EV charging market which is aimed at streamlining the charging experience for EV users. The Bharat EV Charger AC-001 standard aims to ensure interoperability and compatibility across different vehicles and charging stations.

 

Factors Strengthening the India EV Charging Market

  • Government Initiatives: The Indian government is actively promoting the development of EV charging infrastructure through policies, incentives, and subsidies under schemes like FAME India.
  • Growing EV Market: The increasing adoption of electric vehicles in India creates a direct demand for a robust and extensive charging network.
  • Urbanization: Rapid urbanization and the development of smart cities offer opportunities to integrate EV charging infrastructure into new urban planning.
  • Renewable Energy Integration: India's substantial renewable energy potential can be harnessed to power EV charging stations, making them more sustainable, thus supporting the electric vehicle charging station market in India.
  • Strategic Partnerships: Collaborations between government, private companies, and international stakeholders can lead to faster development and deployment of charging infrastructure.

 

Major Challenges Impeding the EV Charging Industry in India

  • High Initial Investment: Setting up EV charging stations requires significant capital investment, which can be a barrier for new entrants and small businesses.
  • Technological Challenges: Ensuring compatibility and standardization of charging technology across different EV models can be complex.
  • Maintenance and Reliability: Ensuring the reliability and proper maintenance of charging stations is critical to user confidence but can be challenging to manage effectively.
  • Competition from Traditional Fuels: The established network of conventional fuel stations and the current preference for internal combustion engine vehicles pose a significant challenge to India EV charging market.
  • Supply Chain Disruptions: Dependence on global supply chains for key components of charging stations, such as semiconductors and power electronics, makes the market vulnerable to international disruptions.

 

Key India EV Charging Market Industry Trends

  • Expansion in Urban and Rural Areas: There is significant potential to expand EV charging infrastructure in both urban centers and rural areas, broadening the market reach.
  • Technological Advancements: Innovations in fast-charging technology and battery swapping can enhance the efficiency and convenience of EV charging stations.
  • Renewable Energy Integration: Utilizing solar and other renewable energy sources to power charging stations can reduce operational costs and environmental impact., while also increasing the number of EV charging stations in India.
  • Government Support and Policy: Continued government support, through favorable policies and subsidies, can accelerate the growth of the EV charging market.

 

India EV Charging Market Trends

The expansion of charging infrastructure is a significant trend, spurred by the government's initiatives to promote EV adoption. A major contributor to the expansion of the charging network in India is Tata Power, which has been actively involved in installing EV charging stations in major cities. To improve the prognosis for the India EV charging market, this involves setting up charge stations in public areas, apartment buildings, and commercial spaces.

 

Additionally, the surge in sales of lithium-ion-based EVs, supported by favourable policies and regulations in various states, is increasing the India EV charging market value. Companies like Mahindra Electric, with their electric vehicles like the eVerito, are contributing to the growth of the EV charging infrastructure through collaborations with charge point operators to set up new charging stations, further boosting the electric mobility ecosystem in India.

 

india ev charging market by segments

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India EV Charging Market Segmentation

The EMR’s report titled “India EV Charging Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Charging Type

  • AC
  • DC

 

CAGR 2024-2032 - Market by Charging Type
AC 23.2%
DC XX%

 

Market Breakup by Power Output

  • Rapid Chargers
  • Fast Chargers
  • Slow Chargers

 

CAGR 2024-2032 - Market by Power Output
Rapid Chargers 25.1%
Fast Chargers 23.1%
Slow Chargers XX%

 

Market Breakup by Location

  • Street Parking
  • Depot
  • Highways
  • Workplaces
  • Retail Spaces
  • Others

 

Market Breakup by Phase

  • Single Phase
  • Three Phase

 

Market Breakup by Region

  • North India
  • East and Central India
  • West India
  • South India

 

CAGR 2024-2032 - Market by Region
North India 23.9%
East and Central India 21.4%
West India XX%
South India XX%

 

India EV Charging Market Share

Slow chargers are high in demand due to their easy availability

As per the analysis of India EV charging market, since slow chargers are the most widely accessible in India, their demand is rising. It takes these devices 8-12 hours to fully charge an EV. The best slow chargers are designed for two-wheeler (2W) and three-wheeler (3W) electric vehicles. Also, the private automakers in India have offered their assistance in boosting the India EV charging market. For instance, Hero Electric and RevFin, a digital consumer lending platform, partenered in May 2022 to provide loans to electric vehicle (EV) riders in India. Over the next three years, the partnership hopes to finance and lease 2.5 lakh vehicles. Through this collaboration, Hero Electric will be able to provide prospective buyers the option to ride clean transportation while owning an electric two-wheeler in convenient monthly installments.

 

2023 Market Share by Region
South India 31.1%
North India XX%
East and Central India XX%
West India XX%

 

Highways segment holds a significant market share due to rising number of EV charging stations on such location

By location, highways are expected to account for a sizable India EV charging market share due to increasing efforts by the government of India towards development of electric charging stations on highways. Setting up electric vehicle charging stations on highways is beneficial for those driving electric vehicles long distances where there is an increased risk of low battery life. The easy visibility and accessibility of highway EV charging stations make them faster to locate, and the extensive space availability simplifies the charging process, thus increasing the market share of EV charging stations in India.

 

Another significant segment is workplaces, where semi-public charging stations are being installed in office parking lots or garages. These charging stations offer a reliable and convenient option for employees who commute to work in electric vehicles, allowing them to recharge their vehicles during the day. Companies like Magenta Power and Ampere Electric are leading the way in installing workplace charging stations in the India EV charging market.

 

Depot locations are helping in increasing the market value as private charging stations are being installed at fleet depots, which are used by commercial vehicles, public transportation, and logistics companies. This segment addresses the needs of those who rely on their vehicles for commercial purposes, providing them with a reliable charging solution. Companies like Magenta Power and Ampere Electric are leading the way in installing depot charging stations in the India EV charging market.

 

india ev charging market by region

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Competitive Landscape

The Indian EV charging infrastructure market is highly competitive, driven by the rapid growth of the electric vehicle sector and substantial government support. Key players in this market include:

 

  • Tata Power: A leading player with extensive experience in energy solutions, Tata Power has established a significant network of EV charging stations across major cities and highways in India.
  • Fortum India: Fortum India, a subsidiary of the Finnish energy company Fortum, has been actively expanding its EV charging network, focusing on strategic locations to enhance accessibility for EV users.
  • EVRE: EVRE is a rising player in the EV charging market, focusing on providing end-to-end charging solutions, including setting up and managing charging stations across various regions.
  • Delta Electronics India: Known for its advanced technology and energy-efficient solutions, Delta Electronics India offers a range of EV charging solutions, contributing to the growth of charging infrastructure in the country.
  • ABB India: ABB India, a subsidiary of the Swiss-Swedish multinational corporation, provides innovative and reliable EV charging solutions, catering to the needs of the Indian market with a focus on fast and ultra-fast charging stations.
  • Magenta Power: Magenta Power is a key player in the EV charging infrastructure market, offering a variety of charging solutions and focusing on promoting the adoption of clean energy and sustainable transportation.

 

Other key players in the India EV charging market include Ather Energy Private Limited, TechSo ChargeZone Ltd, Reliance BP Mobility Limited, Brightblu Holding B.V, BPM Power Private Limited (chargeMOD), ABB Ltd., Charzera Tech Private Limited, Sharify Services Pvt Ltd, among others.

 

Competitive Strategies

  • Strategic Partnerships: Many companies are forming partnerships with automobile manufacturers, real estate developers, and municipal bodies to expand their charging network and improve accessibility, aiding the India EV charging market.
  • Technological Innovation: Continuous innovation in charging technology, including the development of fast and ultra-fast charging stations, is a key competitive strategy to attract more users and improve the efficiency of the charging process.
  • Customer-centric Services: Offering user-friendly services such as mobile apps for locating charging stations, online payment options, and real-time monitoring of charging status are becoming essential to attract and retain customers, which will likely influence the EV charging demand forecast.
  • Government Collaboration: Collaborating with government bodies to benefit from subsidies, incentives, and policy support is a critical strategy for companies to enhance their market presence and expand their infrastructure.
  • Expansion Plans: Aggressive expansion plans to cover more cities and highways, including rural areas, are being adopted by many players to cater to the growing demand for EV charging infrastructure.

 

Key Factors Impacting the Cost of Indian EV Charging Infrastructure

  • Initial Setup Costs: The high capital expenditure required for setting up EV charging stations, including land acquisition, equipment procurement, and installation, significantly impacts the pricing of charging services.
  • Technology and Equipment: The cost of advanced charging technologies, such as fast chargers and ultra-fast chargers, influences infrastructure prices, thus negatively impacting the India EV charging market. More sophisticated and efficient charging equipment typically incurs higher costs.
  • Government Policies and Incentives: Subsidies, tax benefits, and other incentives provided by the government can lower the overall cost of setting up and operating EV charging infrastructure. Conversely, a lack of support can increase prices.
  • Electricity Costs: The price of electricity, including peak and off-peak rates, directly affects the operational costs of charging stations. Variations in electricity pricing across different regions also impact the overall cost structure, thus negatively impacting the EV charging demand growth.
  • Land and Rental Costs: The cost of acquiring or leasing land for charging stations, especially in urban areas, is a significant factor. High rental costs in prime locations can lead to higher prices for charging services.
  • Maintenance and Operation: Regular maintenance, servicing, and operational costs, including staffing and software management, contribute to the overall pricing of EV charging infrastructure.
  • Infrastructure Development: As per the India EV charging industry analysis, costs associated with building the necessary infrastructure, such as grid connections, transformers, and electrical upgrades, impact the final pricing. Areas with underdeveloped infrastructure may face higher costs.
  • Supply Chain and Import Costs: The cost and availability of imported components, such as charging units and related technology, can affect prices. Supply chain disruptions and tariffs on imports can further increase costs.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Charging Type
  • Power Output
  • Location
  • Phase
  • Region
Breakup by Charging Type
  • AC
  • DC
Breakup by Power Output
  • Rapid Chargers
  • Fast Chargers
  • Slow Chargers
Breakup by Location
  • Street Parking
  • Depot
  • Highways
  • Workplaces
  • Retail Spaces
  • Others
Breakup by Phase
  • Single Phase
  • Three Phase
Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Tata Power Company Ltd.
  • Ather Energy Private Limited
  • Charzera Tech Private Limited
  • Delta Electronics, Inc.
  • ABB Ltd.
  • Sharify Services Pvt. Ltd.
  • TecSo ChargeZone Ltd.
  • Reliance BP Mobility Limited
  • Brightblu Holding B.V
  • BPM Power Private Limited (chargeMOD)
  • Others

 

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India EV Charging Market Report Snapshots

India EV Charging Market Size

India EV Charging Market Share

India EV Charging Market Growth

India EV Charging Market Trends

India EV Charging Market Regional Analysis

India EV Charging Companies

 

*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.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Asia Pacific EV Charging Market Overview

    8.1    Key Industry Highlights
    8.2    Asia Pacific EV Charging Historical Market (2018-2023) 
    8.3    Asia Pacific EV Charging Market Forecast (2024-2032)
9    India EV Charging Market Overview
    9.1    Key Industry Highlights
    9.2    India EV Charging Historical Market (2018-2023) 
    9.3    India EV Charging Market Forecast (2024-2032)
10    India EV Charging Market by Charging Type
    10.1    AC 
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    DC   
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
11    India EV Charging Market by Power Output
    11.1    Rapid Chargers   
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Fast Chargers   
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    Slow Chargers
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
12    India EV Charging Market by Location
    12.1    Street Parking 
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Depot 
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Highways 
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Workplaces
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Retail Spaces
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032) 
    12.6    Others
13    India EV Charging Market by Phase
    13.1    Single Phase
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    Three Phase
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
14    India EV Charging Market by Region
    14.1    North India
        14.1.1    Historical Trend (2018-2023)
        14.1.2    Forecast Trend (2024-2032)
        14.1.3    Breakup by Charging Type
        14.1.4    Breakup by Power Output
        14.1.5    Breakup by Location 
        14.1.6    Breakup by Phase 
    14.2    East and Central India
        14.2.1    Historical Trend (2018-2023)
        14.2.2    Forecast Trend (2024-2032)
        14.2.3    Breakup by Charging Type
        14.2.4    Breakup by Power Output
        14.2.5    Breakup by Location 
        14.2.6    Breakup by Phase 
    14.3    West India
        14.3.1    Historical Trend (2018-2023)
        14.3.2    Forecast Trend (2024-2032)
        14.3.3    Breakup by Charging Type
        14.3.4    Breakup by Power Output
        14.3.5    Breakup by Location 
        14.3.6    Breakup by Phase 
    14.4    South India
        14.4.1    Historical Trend (2018-2023)
        14.4.2    Forecast Trend (2024-2032)
        14.4.3    Breakup by Charging Type
        14.4.4    Breakup by Power Output
        14.4.5    Breakup by Location 
        14.4.6    Breakup by Phase 
15    Market Dynamics
    15.1    SWOT Analysis
        15.1.1    Strengths
        15.1.2    Weaknesses
        15.1.3    Opportunities
        15.1.4    Threats
    15.2    Porter’s Five Forces Analysis
        15.2.1    Supplier’s Power
        15.2.2    Buyer’s Power
        15.2.3    Threat of New Entrants
        15.2.4    Degree of Rivalry
        15.2.5    Threat of Substitutes
    15.3    Key Indicators for Demand
    15.4    Key Indicators for Price
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Tata Power Company Ltd. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Ather Energy Private Limited 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Charzera Tech Private Limited  
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Delta Electronics, Inc.  
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    ABB Ltd.  
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Sharify Services Pvt. Ltd.  
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    TecSo ChargeZone Ltd.  
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Reliance BP Mobility Limited 
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Brightblu Holding B.V  
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    BPM Power Private Limited (chargeMOD)
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Asia Pacific EV Charging Market: Key Industry Highlights, 2018 and 2032
2.    India EV Charging Market: Key Industry Highlights, 2018 and 2032
3.    India EV Charging Historical Market: Breakup by Charging Type (Million Units), 2018-2023
4.    India EV Charging Market Forecast: Breakup by Charging Type (Million Units), 2024-2032
5.    India EV Charging Historical Market: Breakup by Power Output (Million Units), 2018-2023
6.    India EV Charging Market Forecast: Breakup by Power Output (Million Units), 2024-2032
7.    India EV Charging Historical Market: Breakup by Location (Million Units), 2018-2023
8.    India EV Charging Market Forecast: Breakup by Location (Million Units), 2024-2032
9.    India EV Charging Historical Market: Breakup by Phase (Million Units), 2018-2023
10.    India EV Charging Market Forecast: Breakup by Phase (Million Units), 2024-2032
11.    India EV Charging Historical Market: Breakup by Region (Million Units), 2018-2023
12.    India EV Charging Market Forecast: Breakup by Region (Million Units), 2024-2032
13.    India EV Charging Market Structure

Key Questions Answered in the Report

In 2023, the India EV charging market reached an approximate volume of 1.28 million units in 2023.

The market is expected to grow at a CAGR of 22.20% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 7.80 million units by 2032.

The major market drivers include the increasing sales of electric vehicles, introduction of favourable government policies, and improvement of charging infrastructure in commercial spaces.

The key trends fuelling the growth of the market include technological advancements in EV charging, popularity of portable EV charging, and reducing costs of electric vehicles.

EV cars or electric cars refer to cars that operate on electricity rather than traditional fuels.

Regions considered in the market are North India, East and Central India, West India, and South India.

The various locations of EV charging in the market include retail spaces, workplaces, street parking, highways, and depot, among others.

Key players in the market are Tata Power Company Ltd., Ather Energy Private Limited, Delta Electronics, Inc., TechSo ChargeZone Ltd, Reliance BP Mobility Limited, Brightblu Holding B.V, BPM Power Private Limited (chargeMOD), ABB Ltd., Charzera Tech Private Limited, Sharify Services Pvt Ltd, among others.

High initial investment, technological challenges, and supply chain disruptions are hampering the market growth.

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