India Electric Vehicle Market

The India electric vehicle market size was valued at USD 2,360.97 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,64,420.39 Million by 2033, exhibiting a CAGR of 57.23% during 2025-2033. South India currently dominates the market, holding a significant market share of over 38.6% in 2024. The increasing environmental concerns among the masses, growing demand for fuel-efficient and high-performance automobiles, supportive government policies, rapid urbanization, expanding charging infrastructure, continual technological advancements, rising disposable incomes, and strong demand for sustainable transportation solutions are some of the major factors augmenting India electric vehicle market share.

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