Co-located Conference
Auto EV Bharat 2026 is India’s top EV and automotive technology expo uniting industry leaders, manufacturers, innovators, engineers, investors, policymakers, and tech experts on one platform. The event emphasizes automotive R&D, sustainability, and India’s move to electric mobility. Auto EV Bharat is an expo for professionals in the automotive and EV industry, including Design Engineers, Application & Embedded Systems Engineers, System Integrators, Validation Engineers, Software and Electronics Engineers, etc.
The organizers anticipate 250 plus exhibitors and 25,000+ visitors over three days, providing a platform for networking, business development, and showcasing technologies in EV and automotive sectors.
It features:
EV technologies (cars, two-wheelers, commercial EVs)
Charging solutions
Battery tech (lithium-ion, next-gen batteries)
Motors, inverters, power electronics
ADAS
Smart mobility, telematics, software, lightweight materials
Testing, simulation, manufacturing innovations
Auto EV Bharat offers an immersive experience of the electric mobility ecosystem, showcasing technology, infrastructure, and collaborations driving the EV revolution in India and globally.
Auto EV Bharat 2026 is a three-day automotive & EV technology expo at KTPO Convention Centre, Whitefield, Bengaluru, a key hub for EV R&D and manufacturing in India.
It’s one of South Asia’s largest EV tech trade fairs, bringing together industry players, innovators, startups, OEMs, suppliers, researchers, and buyers.
The event features 250+ exhibitors from 15+ countries and expects 25,000+ visitors, providing a significant networking and business opportunity.
Focus on OEM-tech supplier partnerships, deal-making, startup pitches, supply chain discussions.
Networking lounges, tech talks, live demos.
Get the Latest on EV & Auto Tech: Auto EV Bharat 2026 showcases electric vehicle (EV), hybrid, and automotive technologies like advanced batteries, chargers, motors, sensors, ADAS, power electronics, telematics, and more. Experience innovations shaping mobility’s future.
Gain from Experts: The event provides insights from specialists and thought leaders on EV tech and automotive design trends. Attends workshops, panels, and talks to understand the industry direction, catering to professionals, students, and enthusiasts.
Networking & Collaboration Opportunities: Auto EV Bharat is a hub for professionals, manufacturers, suppliers, startups, investors, tech developers, and policymakers. It is ideal for: Networking with peers, Partnership exploration, Business development, Valuable for careers or businesses in the mobility sector.
Discover Market Trends & Business Opportunities: Experience new products, prototypes, and services impacting the EV and automotive ecosystem. Assess market demand, competitor innovations, and customer interests – vital for decisions.
Interactive product showcases demonstrate hands-on technologies, demos, and new products.
Visitors can explore cutting-edge solutions and automotive systems. India’s EV market is growing with government support, rising sales, and local manufacturing, creating a demand for knowledge and innovation in EV technology.
Auto EV Bharat provides a platform to stay ahead in this industry, offering insights, connections, and opportunities for automotive professionals, EV enthusiasts, investors, students, and business owners.
Electronics & Electrical
The field of automotive electronics includes the electronic components employed in vehicles, which encompass systems for engine management, ignition, audio systems, onboard computers, telematics, and in-vehicle entertainment, among others. Modern electric vehicles rely on power electronics to regulate the primary propulsion motor and oversee the battery management system.
In the future, autonomous vehicles will require sophisticated computer systems, an array of sensors, networking capabilities, and satellite navigation, all of which demand advanced electronic solutions. Automotive electronics, often termed automotive embedded systems, represent distributed systems that can be classified into various sectors within the automotive industry, including engine electronics, transmission systems, chassis electronics, passive safety mechanisms, driver assistance technologies, passenger comfort features, entertainment systems, and integrated electronic cockpit solutions.
ADAS Technologies
This exhibition presents a variety of technologies and solutions, featuring Sensing Technologies, Sensors, LiDAR Systems, Cameras, Modules, Millimeter Wave Radars, Dynamic Mapping Technologies, Positioning Technologies, Semiconductors, Artificial Intelligence, Security Solutions, Design Development Solutions, Testing Solutions, and Autonomous Vehicles.
Electric Vehicle Battery and Charger
An electric vehicle battery (EVB), often known as a traction battery, is a rechargeable energy source specifically designed to power the electric motors in battery electric vehicles (BEVs) and hybrid electric vehicles (HEVs). Notable examples of these batteries include nickel-metal hydride, sodium nickel chloride, and lithium-ion variants. A battery charger, typically located at charging stations or integrated into electric vehicle supply equipment (EVSE), functions as a power supply unit that delivers the essential electrical energy required to recharge plug-in electric vehicles, which include battery electric vehicles, electric trucks, electric buses, neighbourhood electric vehicles, and plug-in hybrid vehicles.
Electric Motors
Electric motors act as the propulsion mechanism for electric vehicles, converting electrical energy from the battery into mechanical energy to drive the vehicle. Various types of electric motors, including brushless DC motors and induction motors, are employed in electric vehicles, each providing distinct advantages in terms of efficiency and power output. The integration of regenerative braking systems enables these motors to recapture energy during braking, thereby enhancing the overall efficiency of the vehicle.
Automotive Components
Contemporary vehicles are increasingly incorporating advanced materials, including high-strength steels, aluminium, carbon-fiber composites, magnesium, titanium, a range of plastics, and even eco-friendly materials like hemp, cotton, linen, and flax. Auto parts refer to the diverse components and systems that make up a vehicle, ranging from small fasteners to large body panels, and encompassing everything from the engine to the seat springs.
EV, HV & FCV Technology
This category encompasses a diverse array of technologies pertinent to Electric Vehicles (EVs), Hybrid Vehicles (HVs), and Fuel Cell Vehicles (FCVs). It includes components such as Drive Systems, Rechargeable Batteries, Advanced Battery Technologies, Motor Systems, Inverters, Peripheral Devices, Charging Stations, Connectors, and Wiring Harnesses, among others.
IT & Software
Within the realm of software development, the integration of over-the-air (OTA) updates has become a critical component in the automotive manufacturing sector. The Software-Defined Vehicle encompasses a comprehensive range of Software Development Tools, Testing and Verification Tools, along with Data Acquisition and Analysis Solutions specifically designed for in-vehicle software development.
Automotive Lightweight Technologies
The implementation of lightweight technologies is essential for improving fuel efficiency while ensuring safety and comfort. These technologies include a variety of components and materials, as well as techniques for molding and processing, processing equipment, and modules. Furthermore, they incorporate joining technologies for dissimilar materials aimed at minimizing the overall weight of vehicles.
Testing & Simulation
Engage in research and adopt state-of-the-art technologies for the evaluation of electric powertrains, battery performance and range analysis, suspension and chassis assessments, reliability and life cycle studies, materials testing, comprehensive vehicle evaluations, component examinations, testing facilities, crash testing and simulation assessments, range evaluations, electromagnetic compatibility testing, noise, vibration, and harshness assessments, mechanical testing, as well as evaluations of advanced driver assistance systems and autonomous vehicle technologies, among other domains.
Power Electronics
Power electronics play a crucial role in managing and regulating the electrical flow within an electric vehicle. Components such as inverters and converters are essential for transforming DC power from the battery into the AC power needed by the electric motor. These systems also control the motor’s speed and torque, optimizing both performance and efficiency. As technology advances, power electronics are becoming more compact and efficient, facilitating higher power densities and faster response times in electric vehicles.
Other Parts & Materials
A diverse array of products and categories from the designated segments of the supply chain will be featured at the exhibition.
Telematic Technologies
This segment includes a comprehensive suite of IT solutions, applications, and services tailored for connected vehicles. Essential elements comprise the Telematics Development Environment/Tool, In-Vehicle Operating Systems, Human-Machine Interfaces, Communication Modules, Security Systems, Telematics Services, Drive Recorders/Digital Tachograph Systems, and technologies associated with Autonomous Driving Systems.
Automotive Processing Technology
This exhibition presents a wide array of processing technologies pertinent to automotive components and machine tools. It highlights companies engaged in various sectors, including press work, casting and forging, cutting and grinding processes, sheet metal work, resin fabrication, surface finishing, and heat treatment, in addition to manufacturers of processed parts, processing equipment, and moulding machines.
Technologies for Mobility as a Service (MaaS)
Mobility as a Service (MaaS) signifies a groundbreaking strategy in transportation, emphasizing the cohesive integration of various transport services into a singular, on-demand mobility framework. This approach includes multiple elements, such as MaaS platforms, MaaS operators, and technology providers that focus on reservation systems, payment solutions, mapping, traffic forecasting, security, mobility services, telecommunications, data analytics, and other IT-related solutions.
Battery Systems
Central to every electric vehicle is its battery system, which delivers the essential power required for vehicle movement. Generally made up of lithium-ion cells, these systems are responsible for storing and supplying electricity to the electric motor. The battery management system (BMS) monitors the battery’s health, temperature, and charge level, ensuring optimal performance and longevity. Additionally, advancements in battery technology, such as solid-state batteries, are improving the range and efficiency of electric vehicles.
Charging Infrastructure
The exhibition will present a range of charging solutions, including Level 1, Level 2, and DC fast chargers. Level 1 chargers are typically utilized for home charging and offer a slower charging rate. In contrast, Level 2 chargers provide quicker charging speeds and are commonly located in public areas such as shopping centers and parking facilities.
Exhibiting at Auto EV Bharat helps you boost brand visibility, generate quality leads, forge key industry connections, showcase innovations, and gain market insights – all crucial advantages in the competitive and evolving EV and automotive tech landscape.
Here’s why exhibiting at Auto EV Bharat can be a valuable decision for your business or organisation:
High-Value Audience & Brand Exposure: Auto EV Bharat is a major industry event focused on electric vehicles (EVs) and automotive technologies. It attracts thousands of visitors and hundreds of exhibitors, including decision-makers, engineers, buyers, and influencers within the EV and automotive ecosystem. Showcasing your brand here increases visibility among a targeted, professional audience that’s actively seeking innovation and partnerships.
Quality Lead Generation: Exhibitions like this are ideal for generating strong business leads. Visitors to your booth are likely industry professionals with genuine interest in your products or services, giving you a better chance to collect meaningful contacts and convert them into customers or partners.
Networking and Collaboration: You’ll have opportunities to connect directly with:
OEMs (original equipment manufacturers),
Tier-1/2 suppliers,
Technology providers,
Research organisations and
Potential collaborators or investors.
These connections can lead to strategic partnerships, joint ventures, supply agreements, or co-innovation projects.
Product Launches & Live Demonstrations: Auto EV Bharat provides a perfect platform to launch new products, showcase latest tech, or demonstrate solutions live. Interactive demos help grab attention, spark interest, and differentiate your offerings from competitors.
Market Insights & Feedback: You’ll get direct feedback from customers and industry experts – invaluable for refining products, understanding market needs, and staying ahead of trends. Exhibitions also allow you to monitor what competitors are doing and identify emerging opportunities.
Positioning in a Fast-Growing Sector: India’s EV market is expanding rapidly, backed by supportive government policies (like FAME II) and industry initiatives promoting sustainable mobility. Participating in events like Auto EV Bharat positions your business at the forefront of this strategic, high-growth segment.
Design Engineers
Application Engineers
Embedded System Engineers
Validation Engineers
Software Engineers
Engineers – E&E
Engineers – Automotive
Engineers – Mechanical
Automotive Designers
Research & Development
System Architects
Top Management
Middle Management
Production Management
Purchase/Procurement
Manufacturing Teams
Quality Control
Platinum Partners
Badge Partners
Registration Partners
Corporate Partners
Past Exhibitors
Association Partners
Media Partners
A comprehensive overview of India’s role in the global electric vehicle (EV) market, including its strengths, challenges, and future potential:
Current Position in the Global EV Market: Segment Leadership
India has decided to aggressively move towards electric mobility. The key objectives are:
Reduced dependence on imported fuel
Increased share of renewable energy by leveraging the storage capacity of EV batteries
Reduced Greenhouse Gases (GHG) emissions
Improved air quality
Improved Plant Load Factor (PLF) of electricity generating plants
Becoming a leader in a rapidly growing global market India seeks to attain a 30% share of electric vehicles, in the total vehicles sold, by 2030. Sale of EVs in India went up from 50,000 in 2016 to 2.08 million in 2024 as against global EV sales having risen from 918,000 in 2016 to 18.78 million in 2024. Thus, India’s transition has been slow to start, but it is picking up. India’s EV penetration was only about one-fifth of the global penetration in 2020, but has picked up to over two-fifth of the global penetration in 2024. It continues to show an increasing trend, though relatively slow. Statistics show that:
India is the world’s largest market for electric three-wheelers. In 2024, e-3W sales rose nearly 20% to about 700,000 units, capturing a record share (57%) of total three-wheeler sales.
In 2025, cumulative sales again surpassed 700,000 units within the first 11 months, with strong year-on-year growth and record monthly volumes.
Industry growth is expected to continue as the e-3W segment keeps expanding faster than conventional three-wheelers. India electric three-wheeler market is projected to witness a CAGR of 11.21% during the forecast period FY2026-FY2033, growing from USD 516.43 million in FY2025 to USD 1208.25 million in FY2033.
India Electric Two-Wheeler Market is forecast to grow at a CAGR of 28.34% during the forecast period between FY2025-FY2032 and was valued at USD 1.6 billion in FY2024. Being one of the largest two-wheeler marketplaces in the world, India’s electric two-wheeler market is driven by rising environmental concerns among consumers, government schemes offering rebates and subsidies on usage of electric vehicles to promote reduced carbon emissions.
Manufacturing and Production Capabilities
India’s electric vehicle manufacturing capacity is expanding swiftly, with forecasts suggesting a rise from around 125,000 units in 2024 to over 1.3 million by 2030, especially for passenger EVs.
With this scaling, India is projected to become the 4th largest EV producer globally by 2030 (behind China, the EU, and the US), supported by investments from major automakers and capacity expansion plans.
Major Foreign EV Manufacturing Investments
VinFast (Vietnam)
Vietnam’s VinFast is building a large EV manufacturing facility in Thoothukudi, Tamil Nadu with an initial investment of about ₹16,500 crore (~US$ 2 billion).
The plant will start with annual capacity around 50,000 vehicles (scalable to 150,000), producing models like the VF 6 and VF 7.
India is being positioned not just as a domestic market but as a regional export hub serving South Asia, the Middle East, and Africa.
Suzuki Motor (Japan)
Suzuki Motor has committed around ₹70,000 crore (≈US$ 8 billion) to India over the next 5–6 years.
The company has begun production of its first locally-made EV (e-Vitara) at the Gujarat plant, making India a global production center with potential exports to 100 countries.
JSW Group – SAIC Motor (China) Joint Venture
Through a strategic partnership with China’s SAIC Motor, JSW MG Motor India is developing EV and EV battery manufacturing capacity.
Plans include large-scale EV production and associated battery supply chains, aiming for 1 million units by 2030.
European and Global Automakers (Interest / Plans)
Several global OEMs have expressed plans or interest in India’s EV ecosystem:
Mercedes-Benz and Škoda-VW (Europe) have publicly shown interest in EV manufacturing in India.
Stellantis (via its partnership with China’s Leapmotor) is planning to target the Indian EV market with models developed by its China partner, including a mix of local production or assembly.
Hyundai & Kia (South Korea)
Hyundai is expanding EV production in India – converting existing plants to support EVs and battery pack assembly units, with plans to launch multiple EV models and expand capacity.
Foreign Investment in EV Components & Batteries
Denso (Japan): Denso is investing around ₹250 crore in a motor generator plant in Uttar Pradesh to supply hybrids and EVs, indicating component-level foreign manufacturing interest.
AESC (China/Japan-linked): AESC Group Ltd. (with Chinese ownership but Japanese base) purchased a 12% stake in Tata’s EV battery arm, reflecting foreign capital flowing into battery manufacturing capacity in India.
Government Policies Driving Foreign Investments
SPMEPCI Scheme:
India’s Strategic Policy for Manufacturing EVs and Components of India (SPMEPCI) offers reduced import duties (15%) on up to 8,000 EVs annually if global OEMs commit to at least ₹4,150 crore ($500 million) in local manufacturing.
This is aimed at attracting companies such as Tesla, Mercedes-Benz, and others to commit to building production plants in India.
PLI & Other Incentives: Production-Linked Incentive (PLI) programs and EV-specific schemes (like FAME) provide support for local production, which improves the ROI for foreign investors in manufacturing.
FAME Scheme (Phase II) – supports demand incentives for electric 2W, 3W, 4W and buses, plus investment in charging infrastructure.
PM-eDRIVE & PLI Schemes — broader support for local EV and battery manufacturing, with incentives to build supply chains and attract investment.
New EV policies aim to attract foreign EV manufacturers by offering concessional tariffs tied to investment commitments.
Trends & Strategic Importance
India as an EV Export Hub: Several foreign manufacturers see India not only as a domestic market but also as an export base for South Asia, Africa, and beyond.
Battery Manufacturing Focus: With global battery supply chains shifting, foreign investments are increasingly tied to not just vehicle assembly but also battery gigafactories and component ecosystems.
India Government Initiatives
The Government of India encourages foreign investment in the automobile sector and has allowed 100% FDI under the automatic route. Some of the recent initiatives taken by the Government of India are:
On August 26, 2025, India’s EV push included 14,028 e-buses, 9,332 public charging stations, and over Rs. 54,000 crore (US$ 6.32 billion) in investments through PM E-DRIVE and PLI schemes to boost domestic manufacturing and green mobility.
PM E-DRIVE, started in October 2024, is India’s umbrella scheme to accelerate EV adoption and ecosystem support with a Rs. 10,900 crore (US$ 1.31 billion) outlay, encompassing e-2Ws, e-3Ws, e-buses, heavy EVs, public charging infrastructure, vehicle testing, and localisation, with its tenure extended to March 31, 2028.
Under the upcoming CAFÉ 3 norms, effective from April 2027, India will place electric vehicles and flex-fuel vehicles which use ethanol-petrol blends on equal regulatory footing.
As of July 31, 2025, India has advanced EV adoption through FAME-II, PM E-DRIVE, and PM-eBus Sewa, committing over Rs. 42,000 crore (US$ 4.91 billion) towards incentives, infrastructure, and localisation across vehicle segments and regions.
The Ministry of Heavy Industries has launched FAME- III Scheme, with a budget of Rs. 10,900 crore (US$ 1.29 billion) to promote electric mobility and reduce reliance on fossil fuels over a two-year period from April 1, 2024, to March 31, 2026.
Under Electric Mobility Promotion Scheme 2024 government aims to support 3,72,215 EVs including e-2W (3,33,387) and e-3W (38,828 including 13,590 rickshaws & e-carts and 25,238 e-3W in L5 category).
Ministry of Heavy Industries, Government of India with the approval of Department of Expenditure has launched Electric Mobility Promotion Scheme 2024 to further accelerate the adoption of EVs in the country which is a fund limited scheme with a total outlay of Rs. 500 crore for the period of 4 months, from 1st April 2024 to 31st July 2024.
In January 2024, the Ministry of Heavy Industries extended the tenure of the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year. The incentive will now be applicable for a total of five consecutive financial years, until March 31, 2028.
Ministry of Heavy Industries (MHI) officials revealed that India plans to launch a new scheme to incentivise electric vehicle purchases and improve charging infrastructure, aligning with the interim budget’s focus on eco-friendly transportation. Also, the allocation of US$ 321.5 million (Rs. 2,671.33 crore) for 2024-25 is expected to be utilized by March 31, 2024.
Under phase-II of FAME India Scheme, subsidy amounting to US$ 696.8 million (Rs. 5790 crores) has been awarded to EV manufacturers on sale of 13,41,459 number of electric vehicles till January 31, 2024.
The FAME Scheme was extended for a further period of 2 years up to 31st March, 2024
The Indian EV market is forecasted to expand from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029, with a 66.52% CAGR.
Robust Demand:
Indian automakers will launch nearly a dozen new EVs in 2025, focusing on premium models, as India’s EV sales rose 20% despite slowing global demand, with a 30% target by 2030.
As of July 2025, India’s EV charging network has expanded rapidly, growing nearly fivefold from FY22 to early FY25. Public charging stations rose from 5,151 in 2022 to 11,903 in 2023 and reached 26,367 by early FY25, marking a strong 72% CAGR.
Sales of electric vehicles (EVs) in India’s luxury segment rose by 66% YoY to 2,027 units during the first five months of 2025, up from 1,223 units in the same period of 2024, as per data from the VAHAN portal of the Ministry of Road Transport and Highways.
Opportunities:
Opportunity for the EV sector lies with the establishment of 1.32 million charging stations in India by 2030, requiring 4,00,000 installations yearly.
Tamil Nadu is set to receive around Rs. 50,000 crore (US$ 5.84 billion) in EV sector investments by 2025.
Union Minister of Commerce & Industry, Mr. Piyush Goyal outlining India’s vision to lead in EVs and target Rs. 8,65,000 crore (US$ 100 billion) exports through innovation and cost-competitiveness.
In June 2025, Union Minister for Road Transport and Highways, Mr. Nitin Gadkari announced that India is advancing hydrogen fuel cell trucks as a key solution to reduce emissions in freight transport, with foundational work already in progress.
Policy support:
In Phase-II of the FAME India scheme, the Ministry of Heavy Industries (MHI) approved a capital subsidy of Rs. 800 Crore (US$ 96.13 million) to set up 7,432 Electric Vehicle Public Charging Stations (EVPCS).
100% FDI allowed under automatic route for the auto components sector.
The Ministry of Housing and Urban Affairs launched the PM-eBus Sewa Scheme on August 16, 2023, with a Rs. 20,000 crore (US$ 2.28 billion) support to deploy 10,000 electric buses through the PPP model. By July 31, 2025, 7,293 e-buses had been sanctioned across 14 states and 4 union territories.
A 100% customs duty exemption was granted on 25 critical minerals, including lithium and cobalt, essential for EV battery production.
On July 29, 2025, DPIIT signed an MoU with EV maker Ather Energy to boost India’s EV and manufacturing startup ecosystem. The partnership will support deep-tech startups with mentorship and infrastructure in areas like battery tech, vehicle manufacturing, and clean energy.
Investments:
India is emerging as a global hub for auto component sourcing and the industry exports over 25% of its production annually.
India is on track to become the largest EV market by 2030, with rise in investment over the next five years.
India’s auto component industry will see Rs. 25,000-30,000 crore (US$ 2.89-3.46 billion) investment in FY26 for capacity expansion and EV parts, after Rs. 15,000-20,000 crore (US$ 1.73-2.31 billion) in FY25, says ICRA
According to Moody’s, in 2025, Indian carmakers are making major strides toward the future, investing around Rs. 85,420 crore (US$ 10 billion) in electric vehicles, lithium-ion batteries, and EV manufacturing to meet the rising demand.
Vietnam’s EV maker VinFast has opened its first overseas plant in Thoothukudi, Tamil Nadu, marking its third facility globally. The project involves a phased investment of Rs. 16,000 crore (US$ 1.83 billion), with Rs. 4,300 crore (US$ 490 million) committed in the initial phase.
India’s electric vehicle (EV) sector is experiencing rapid growth, fuelled by government incentives, rising environmental concerns, and technological advancements. With initiatives like the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, India aims to significantly increase EV adoption, revolutionizing its transportation landscape towards sustainability and innovation. The country has set an ambitious target to elevate EV sales to 30% of private cars, 70% of commercial vehicles, 40% of buses, and 80% of two- and three-wheelers by 2030, translating to approximately 80 million EVs on Indian roads, alongside a focus on complete domestic EV production through the ‘Make in India’ initiative.
Globally, the electric vehicle market was valued at US$ 755 billion in 2024 and is forecasted to reach US$ 4,360 billion by 2033, growing at a CAGR of 21.5% from 2025-33. The Indian EV market, valued at US$ 2.36 billion in 2024, is projected to grow to US$ 164.42 billion by 2033, registering a remarkable CAGR of 57.23%, while the Indian EV battery market is expected to expand from US$ 2.22 billion in 2024 to US$ 13.89 billion
By 2033 at a CAGR of 22.6%. On the domestic front, total automotive sales in Q1 FY26 were around 6.57 million vehicles, of which approximately 549,736 were electric, representing 8.36% EV penetration. The sector is dominated by two- and three-wheelers, which accounted for roughly 91.41% of total EV sales in the same period, while electric passenger vehicles (4Ws) grew 87.72% YoY to around 35,000 units.
India’s EV sales grew by 16.9% in FY25 to 1.97 million units, up from 1.75 million in FY24. Electric passenger vehicles crossed the 100,000-unit mark with 18.2% growth, e-two-wheeler registrations rose 21.2% to 1.15 million units, and e-three-wheelers increased 10.5% to around 700,000 units. EV passenger vehicles are projected to contribute significantly to the planned 30% market share by 2030, and Indian automakers are preparing to launch nearly a dozen new EVs in 2025, focusing primarily on premium models, despite slowing global demand. The shift towards electric vehicles is expected to create fresh opportunities for automotive suppliers, with the Indian EV battery market projected to rise from US$ 16.77 billion in 2023 to US$ 27.70 billion by 2028. EV sales penetration in India is expected to exceed 7% by FY28, contingent on the timely resolution of rare earth element supply disruptions and continued model launches.
On the infrastructure side, India’s public EV charging network is expanding rapidly. As of February 2024, there were 12,146 operational charging stations nationwide, with Maharashtra leading, followed by Delhi and other states. A Confederation of Indian Industry report highlighted the need for at least 1.32 million charging stations by 2030 to support EV growth, requiring over 4,00,000 installations annually. Major industry players are actively enhancing charging infrastructure, with Hyundai Motor India expanding its ultra-fast network with 11 new stations in key cities such as Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore, as well as along major highways. State-specific targets complement national efforts: Maharashtra aims for 10% EV share in all new vehicle registrations by December 2025, while Karnataka plans to electrify 100% of its three- and four-wheeler cargo vehicles by December 2030.
A recent survey highlights strong interest among Indian consumers in new energy vehicles (NEVs), with 83% of respondents indicating their readiness to choose NEVs exclusively for future purchases by the end of this decade. Reflecting this growing demand, India’s public EV charging network has expanded rapidly at a CAGR of about 72% between FY22 and FY25, increasing from around 5,151 chargers in CY22 to 11,903 in CY23, doubling to 25,202 by the end of FY24, and reaching 29,277 as of July FY25—a five-fold increase over the period. This growth has been supported by government initiatives such as the PM E-DRIVE scheme, which allocated Rs. 2,000 crore (US$ 227.20 million) specifically for the installation of public EV charging stations nationwide.
State-level leadership in charging infrastructure is evident, with Karnataka leading as of July 2025, hosting approximately 6,097 public charging stations, surpassing Maharashtra, driven by early EV policy adoption and a strong push for fleet electrification. Reflecting the growing adoption of electric vehicles, passenger EV sales surged 75% YoY in Q1 FY26, raising market penetration to 3.5% from 2% a year earlier. Kerala led with 7.9% penetration, followed by Delhi, Karnataka, Maharashtra, and Tamil Nadu, driven by rising consumer demand and policy incentives. Electric car sales in August 2025 surged to 17,298 units, marking a 155% year-on-year rise from 6,787 units in August 2024.
The automobile sector has also attracted significant foreign investment, receiving a cumulative equity FDI inflow of approximately Rs. 2,59,753 crore (US$ 39.15 billion) between April 2000 and June 2025. Looking ahead, India’s EV finance industry is expected to grow substantially, with NITI Aayog and the Rocky Mountain Institute (RMI) projecting it to reach Rs. 3.7 lakh crore (US$ 50 billion) by 2030.
Vedanta Limited announced on World EV Day (September 8, 2025) that it has invested over Rs. 12,500 crore (US$ 1.42 billion) to boost metal production for India’s electric vehicle industry, expanding capacity across aluminium, zinc alloy, and ferrochrome plants.
On August 4, 2025, Vietnam’s EV maker VinFast has opened its first overseas plant in Thoothukudi, Tamil Nadu, marking its third facility globally. The project involves a phased investment of Rs. 16,000 crore (US$ 1.83 billion), with Rs. 4,300 crore (US$ 490 million) committed in the initial phase.
In August 2025, Suzuki Motor announced an US$ 8 billion investment in India over five-six years and began production of its first EV in Gujarat, aiming to expand EV manufacturing capacity.
In August 2025, Ola Electric showcased its indigenously developed ferrite motor that requires no rare-earth magnets, aimed at supply chain independence and to be deployed starting Q3 FY26. They also unveiled the integration of the 4680 Bharat Cell, India’s first indigenously developed lithium-ion cell, in their vehicles with plans to continue expanding product offerings.
In July 2025, YULU raised Rs. 25.7 crore (US$ 2.92 million) in a Series B3 funding round from Magna International via allotment of Series B3 Compulsory Convertible Preference Shares (CCPS). This investment bolstered Yulu’s plans for a US$ 100 million Series C funding to scale its gig-economy electric scooter operations.
On July 29, 2025, DPIIT signed an MoU with EV maker Ather Energy to boost India’s EV and manufacturing startup ecosystem. The partnership will support deep-tech startups with mentorship and infrastructure in areas like battery tech, vehicle manufacturing, and clean energy.
In August 2025, battery electric vehicle production in India is set to nearly triple to 377,000 units in 2025 from 130,000 in 2024, driven by major launches from Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, and JSW MG Motor, capturing a 6.6% market share.
Mahindra & Mahindra has pledged Rs. 12,000 crore (about US$ 1.44 billion) over the next three years to strengthen its electric vehicle arm, Mahindra Electric Automobile Ltd. This major investment reflects the company’s strong push toward a cleaner, greener future in mobility.
Indian conglomerate JSW Group is set to launch its own EV brand following a US$ 1.5 billion joint venture with China’s SAIC Motor to produce MG-brand electric vehicles. JSW’s new car plant in Aurangabad, Maharashtra, will focus on manufacturing vehicles under its own brand, aiming to contribute significantly to India’s EV market.
Tata Motors aims to achieve 30-40% of its sales from electric vehicles (EVs) by FY30 and plans to invest approximately Rs. 18,000 crore (US$ 2.16 billion) to create an ecosystem for its electric vehicle business. Over the next two years, the company has scheduled the launch of new models.
Ather Energy has secured Rs 600 crore (US$ 71 million) from the National Investment and Infrastructure Fund, increasing its valuation to US$ 1.3 billion. This investment positions Ather as India’s fourth unicorn of 2023.
Ather Energy signs pact with Infineon Technologies to drive innovation in EV space.
Ultraviolette Automotive Ultraviolette has entered the European market with its F77 MACH 2 and F77 SuperStreet electric motorcycles, launching across 10 countries including Germany, France, the UK, and Italy. The company aims to derive 30-35% of its revenue from global export by 2028, starting with Europe in 2025.
The World Bank’s IFC invested US$ 137 million in India’s e-bus sector, funding JBM Ecolife US$ 100 million and GreenCell Mobility US$ 37 million to deploy 4,000 electric buses and create 12,000 jobs across several Indian states.
Uttar Pradesh is leading in EV adoption with over 400,000 registrations as of May 2025, driven primarily by e-rickshaws. Under its Electric Vehicle Manufacturing and Mobility Policy 2022, the state aims to attract Rs. 30,000 crores (US$ 3,507 million) in investments and generate 1 million jobs, reinforcing its position as a major player in India’s EV sector.
In 2024, notable EV investment commitments include Tata Motors-JLR Rs. 9,000 crore (US$ 1.07 billion), VinFast up to Rs. 16,500 crore (US$ 2 billion), Royal Enfield Rs. 3,000 crore (US$ 358.1 million), and Stellantis Rs. 2,000 crore (US$ 238.7 million).
In June 2024, BM Electric Vehicles Private Limited, a subsidiary of JBM Auto Limited, has signed an agreement with MUON India Private Limited, a Macquarie Group company. Macquarie Group has launched ‘Vertelo,’ an EV financing platform in India that will provide financing, fleet management, and charging infrastructure solutions.
In April 2024, Uno Minda, an auto components manufacturer, announced on Wednesday that it has partnered with Suzhou Inovance Automotive Co. from China to produce electric vehicle components.
In March 2024, BYD India, a subsidiary of the world’s leading New Energy Vehicles (NEV) manufacturer, announced its entry into the luxury electric sedan segment with the launch of the BYD SEAL. BYD India currently has two products in its portfolio – the BYD ATTO 3 and the All-New e6, both of which have been very well received by Indian consumers.
In March 2024, Okaya EV, a prominent electric two-wheeler manufacturer, has launched “Ferrato,” its premium electric vehicle brand, as part of its nationwide expansion strategy, they will prioritize high-end models.
In January 2024, VinFast and Tamil Nadu Govt. signed a MoU to invest US$ 2 billion for an EV project in Thoothukudi, with US$ 500 million committed for the first phase, targeting 150,000 units annually.
In October 2023, Ministry of Electronics & Information Technology (MeitY), Mr. S Krishnan attended the unveiling of a domestically developed 2KW DC Portable Charger at IIT Madras Research Park. This initiative aims to accelerate electric vehicle adoption.
In October 2023, Mr. R. K. Singh, Union Minister for Power and New & Renewable Energy, unveiled the new EV-Ready India Dashboard (evreadyindia.org) in New Delhi, facilitating access to pertinent information.
In December 2023, Indian Oil Corporation (IOC) inaugurated its inaugural battery-swapping station in Kolkata for electric vehicles (EV). The oil marketing PSU collaborated with Sun Mobility, affirming its commitment to advancing sustainable electric mobility solutions.
In August 2023, Adani TotalEnergies E-Mobility Limited (ATEL) disclosed a collaboration with all-electric cab aggregator, Prakriti E-Mobility (Evera), to deploy EV charging infrastructure, starting with a 200-point super hub in Delhi.
In August 2023, Mahindra & Mahindra anticipates that its forthcoming plant in Chakan, Maharashtra, will reach a peak production capacity of 200,000 electric vehicles annually from 2027 to 2029. They project EVs to constitute 30% of total volumes by 2030.
The Government has reaffirmed its commitment towards EVs and its mission for 30% electric mobility by 2030. Budget announced customs duty exemption on the import of capital goods and machinery required for the manufacture of lithium-ion batteries that typically power EVs.
The Indian government launched ambitious plans to add approximately 72,000 new EV chargers by FY26, including around 22,100 fast chargers for cars, reflecting strong policy support for infrastructure development.
The government has sanctioned Rs. 1,062 crore (US$ 120 million) in August 2025 for 85 civil depot and 88 power projects, with Rs. 475 crore (US$ 54 million) already disbursed to nine states/UTs to boost EV accessibility, affordability, and localisation.
In August 2025, NITI Aayog proposed a national EV policy focusing on mandates and disincentives rather than subsidies, targeting 30% EV share of total vehicle sales by 2030 and pilot programs for 100% electrification of buses and freight vehicles. FAME India Phase-II, launched in April 2019 with a budget of Rs. 11,500 crore (US$ 1.31 billion), aims to boost EV adoption, expand electric bus fleets, and develop charging infrastructure.
As of June 30, 2025, the government had supported over 16.29 lakh electric vehicles under FAME II, including 14.35 lakh e-2 wheelers, 1.65 lakh e-3 wheelers, 22,644 e-4 wheelers, and 5,165 electric buses from a sanctioned 6,862 buses. Public charging infrastructure progress showed 8,885 EV public charging stations installed out of 9,332 sanctioned, backed by Rs. 912.5 crore (US$ 103.66 million) allocated for these installations.
Under FAME-II, the Phased Manufacturing Programme (PMP) was launched to boost local production of EVs and their components, with incentives limited to vehicles meeting PMP norms.
A scheme with a budget of Rs. 778 crore (US$ 93.5 million) ran for six months from April 1, 2024, to September 30, 2024. The initiative offered incentives to purchasers of electric two-wheelers (e-2W) and electric three-wheelers (e-3W).
The Scheme supports 3,72,215 EVs, comprising 3,33,387 e-2Ws, and 38,828 e-3Ws (including 13,590 rickshaws & e-carts and 25,238 e-3Ws in L5 category), offering incentives exclusively for advanced battery-equipped vehicles.
The EMPS 2024 scheme has been merged into PM E-DRIVE, retaining similar incentives while focusing on domestic sourcing under the Phased Manufacturing Programme, with benefits extended to startups and MSMEs across states like Tripura.
In June 2025, the Tamil Nadu State Planning Commission unveiled the “Tamil Nadu’s Automotive Future” roadmap to position the state as a global EV innovation hub. The plan includes mobility innovation funds for R&D in battery chemistry and advanced EV technologies, along with dedicated R&D zones in Chennai and Coimbatore.
The government increased the PLI allocation for automobiles and auto components to Rs. 3,500 crores (US$ 409 million) in FY25, up from Rs. 604 crores (US$ 70 million) in FY24.
The government has outlined a scheme to transition 800,000 diesel buses to environmentally friendly alternatives, possibly supplanting FAME III. The strategy involves substituting 800,000 diesel buses, comprising over a third of all vehicles on roads, with electric ones within seven years. This endeavour seeks to diminish vehicular emissions and stimulate investments in the national electric vehicle (EV) infrastructure.
The Ministry of Heavy Industries launched the PM E-DRIVE Scheme with Rs. 10,900 crore (US$ 1.28 billion) to boost India’s EV ecosystem, promoting electric mobility and reducing fossil fuel reliance.
BOLT, one of the country’s largest electric vehicle charging networks, has now launched India’s first safest and most affordable universal EV charging socket – BOLT LITE. The made-in-India charging socket is designed to be compatible with all portable chargers that are offered
With the continuous rise in electric vehicles, there seems to be a significant shift in the trends of the transportation system. Innovation and changes in technology have paved the way for people to ditch the traditional approach of powering their vehicles. The
On average, EV batteries only degrade at a rate of 2.3% of maximum capacity per year, so with proper care you can reliably expect your EV battery to last as long or longer than ICE drivetrain components. Along with range anxiety and lack