India Emobility Market Size, Share and Industry Report 2033

India Emobility Market Size, Share, Trends and Forecast by Product, Voltage, Battery, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30300

India Emobility Market Overview:

The India emobility market size reached USD 2.13 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 21.2 Billion by 2033, exhibiting a growth rate (CAGR) of 29.09% during 2025-2033. Government incentives, rising fuel costs, urban air pollution concerns, advancements in battery technology, expanding EV charging infrastructure, growing consumer adoption, and investments by automakers in electric two-wheelers, three-wheelers, and commercial EVs are the factors propelling the growth of the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 2.13 Billion
Market Forecast in 2033	USD 21.2 Billion
Market Growth Rate 2025-2033	29.09%

India Emobility Market Trends:

Accelerating Domestic Innovation in Electric Mobility

India is advancing its position in electric mobility by focusing on research and development across critical areas such as energy storage, component manufacturing, materials recycling, and charging infrastructure. Efforts are shifting toward reducing dependence on imports while strengthening local technological capabilities. Strategic planning is driving investments in advanced battery solutions, efficient powertrain systems, and sustainable material recovery. With a strong emphasis on innovation, these initiatives are expected to enhance manufacturing efficiency and cost-effectiveness, supporting widespread adoption of electric vehicles. Over the next few years, this approach aims to create a self-sustaining ecosystem that fosters technological leadership, making the country a competitive player in the global electric mobility landscape. For example, in July 2024, India's Principal Scientific Adviser unveiled the “e-Mobility R&D Roadmap for India.” This strategic plan outlines research initiatives in energy storage, EV components, materials recycling, and charging infrastructure. The roadmap aims to reduce import reliance, bolster domestic R&D, and position India as a leader in the global electric mobility sector within five to seven years.

Expanding Charging Infrastructure for Wider EV Adoption

Efforts to enhance electric vehicle accessibility are gaining momentum with a focus on expanding charging networks. A growing number of charging stations are being integrated into user-friendly platforms, ensuring seamless access for EV owners. This shift addresses range anxiety and supports long-distance travel, making electric mobility more practical. Increased collaboration between stakeholders is driving large-scale deployment of charging points, particularly in urban and highway locations. The push for a widespread network is also encouraging technological advancements in fast-charging solutions, reducing downtime for users. By strengthening infrastructure, the overall adoption of electric vehicles is expected to accelerate, fostering a more sustainable transportation ecosystem while aligning with national energy goals. For instance, in March 2024, Mahindra & Mahindra signed an MoU with Adani Total Energies E-Mobility Limited (ATEL) to expand EV charging infrastructure across India. This collaboration would provide Mahindra XUV400 customers access to over 1,100 chargers via the Bluesense+ App, enhancing charging convenience nationwide.

India Emobility Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product, voltage, and battery.

Product Insights:

Electric Car
Electric Motorcycle
Electric Scooter
Electric Bike
Others

The report has provided a detailed breakup and analysis of the market based on the product. This includes electric car, electric motorcycle, electric scooter, electric bike, and others.

Voltage Insights:

Less than 24V
24V
36V
48V
Greater than 48V

A detailed breakup and analysis of the market based on the voltage have also been provided in the report. This includes less than 24V, 24V, 36V, 48V, and greater than 48V.

Battery Insights:

Sealed Lead Acid
Li-ion
NiMH

A detailed breakup and analysis of the market based on the battery have also been provided in the report. This includes sealed lead acid, li-ion, and NiMH.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Emobility Market News:

In April 2024, Tata Passenger Electric Mobility Ltd. (TPEM) signed a non-binding memorandum of understanding with Vertelo, a Macquarie-managed integrated fleet electrification platform, to deliver 2,000 XPRES-T electric vehicles. This collaboration aims to accelerate India's transition to sustainable e-mobility, with deliveries commencing in phases.
In February 2024, Volkswagen Group and Mahindra & Mahindra Ltd. signed a supply agreement for electric components from Volkswagen's MEB platform, including unified cells, to be integrated into Mahindra's INGLO electric platform. This collaboration aims to strengthen their presence in India's growing electric mobility market.

India Emobility Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Voltage Battery Region
Products Covered	Electric Car, Electric Motorcycle, Electric Scooter, Electric Bike, Others
Voltages Covered	Less than 24V, 24V, 36V, 48V, Greater than 48V
Batteries Covered	Sealed Lead Acid, Li-ion, NiMH
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India emobility market performed so far and how will it perform in the coming years?
What is the breakup of the India emobility market on the basis of product?
What is the breakup of the India emobility market on the basis of voltage?
What is the breakup of the India emobility market on the basis of battery?
What are the various stages in the value chain of the India emobility market?
What are the key driving factors and challenges in the India emobility market?
What is the structure of the India emobility market and who are the key players?
What is the degree of competition in the India emobility market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India emobility market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India emobility market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India emobility industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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