Skip to main content
- ›
- Vehicle Manufacturing
data-vue-regional-dropdown aria-hidden="true">
When you think about electric vehicles (EVs), Teslas and BYDs come to mind with their futuristic technologies, some even promising fully autonomous driving. However, in India, things are a bit different. The real king of Indian EV market are two-wheelers, which should not come as a surprise. The two-wheeler is the most dominant vehicle type in the country’s automobile market, selling well over 15 million units a year, and the penetration rate of electric two-wheelers reached 4.4 percent in financial year 2023.
Why are two-wheelers so popular in India?
There is no single contributor to the popularity of two-wheelers in India. Rapid urbanization, growing household income, and underdeveloped public transportation infrastructure made two-wheelers the obvious option for most daily commuters. Unfortunately, increasing numbers of automobiles on the streets made Indian cities some of the most congested and polluted in the world. The government and the industry see electric two-wheelers as part of the solution. It was estimated that, by financial year 2031, the market size of electric two-wheelers could reach 22 million units.
What about other EVs?
The electric cars market is divided into passenger and commercial segments. Commercial electric vehicles are still a relatively niche market. But the passenger segment has seen some strong developments. In this segment, Tata holds most of the market, offering some of the most popular EVs in India. Electric three-wheelers also have seen a similar growth trajectory during the last few years, reaching a market volume of more than half million units in 2023. Most of the three-wheelers are used commercially as e-rickshaws and goods carriers. Coincidently, this segment is also led by a conventional automobile manufacturer, Mahindra.
Challenges facing the Indian EV industry
The foremost issue for EV adoption in India is the charging infrastructure. It is relatively easy to charge one’s own electric scooter, but charging an electric car is another story. Dedicated EV stations or conventional gas stations with EV chargers were the preferred public charging location for EV in India. But in most states, the number of public charging facilities was still quite low. It is the same with gas stations equipped with charging facilities. From a manufacturing perspective, most batteries used in EVs sold in India are made in China and Korea, which increases costs significantly. It was estimated that by 2030, the demand for EV batteries in India would reach 179 GWh.
The Indian government has taken several measures to counter these challenges and incentivize domestic manufacturing of EVs and batteries. Two Production Linked Incentive (PLI) schemes outline expenses towards production of advanced automotive technology products and increase domestic production of batteries. These account for almost 260 and 180 billion rupees respectively. Various other minor policies, including a reduction in GST and exemption of permits for EVs, have also been introduced to encourage EV sale and use.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Shangliao Sun Research expert covering India
Key insights
- Share of BEV in passenger vehicle market
- 2%
Detailed statistics
Quarterly PV market share of BEV in India Q1 2021-Q4 2023
- Company with highest EV sales share in its total sales
- MG
Detailed statistics
India: electric vehicle share of automotive manufacturers' sales 2022
- Sales volume of electric two-wheelers
- 782k units
Detailed statistics
Electric vehicle sales in India FY 2023, by type
Get more insights
Editor’s Picks Current statistics on this topic
Further recommended statistics
Overview
5
- Basic Statistic Global sales of battery-electric vehicles 2011-2022
- Premium Statistic Number of registered vehicles in India FY 1951-2020
- Premium Statistic Operational EV in India 2023, by type
- Premium Statistic Number of electric vehicles sold in India 2019-2023, by type
- Premium Statistic Operational electric cars in India 2023, by leading states
Overview
- Basic Statistic Global sales of battery-electric vehicles 2011-2022
Global sales of battery-electric vehicles 2011-2022
Battery-electric vehicle sales worldwide from 2011 to 2022 (in million units)
- Premium Statistic Number of registered vehicles in India FY 1951-2020
Number of registered vehicles in India FY 1951-2020
Number of registered vehicles across India from financial year 1951 to 2020 (in millions)
- Premium Statistic Operational EV in India 2023, by type
Operational EV in India 2023, by type
Operational electric vehicles in India as of March 2023, by type (in 1,000 units)
- Premium Statistic Number of electric vehicles sold in India 2019-2023, by type
Number of electric vehicles sold in India 2019-2023, by type
Number of electric vehicles sold in India from 2019 to 2023, by type (in 1,000 units)
- Premium Statistic Operational electric cars in India 2023, by leading states
Operational electric cars in India 2023, by leading states
Operational electric cars in India in 2023, by leading states (in 1,000 units)
EV infrastructure
6
- Premium Statistic Electric vehicle per charging station in India 2023, by leading state
- Premium Statistic Public EV charging stations in India 2023, by leading states
- Premium Statistic OMC retail outlets with EV charging facilities in India 2022, by leading state
- Premium Statistic EV battery capacity demand India 2021-2030
- Premium Statistic Leading battery companies in India 2024, by market capitalization
- Premium Statistic EV battery production capacity per year in India 2023, by OEM
EV infrastructure
- Premium Statistic Electric vehicle per charging station in India 2023, by leading state
Electric vehicle per charging station in India 2023, by leading state
Electric vehicle per charging station in India as of January 2023, by leading state
- Premium Statistic Public EV charging stations in India 2023, by leading states
Public EV charging stations in India 2023, by leading states
Operational public electric vehicle charging stations in India as of March 2023, by leading states
- Premium Statistic OMC retail outlets with EV charging facilities in India 2022, by leading state
OMC retail outlets with EV charging facilities in India 2022, by leading state
Oil marketing companies retail outlets with electric vehicle charging facilities in India as of December 2022, by leading state
- Premium Statistic EV battery capacity demand India 2021-2030
EV battery capacity demand India 2021-2030
Total battery capacity demand for electric vehicles in India in 2021, with an estimate until 2030 (in gigawatt hours)
- Premium Statistic Leading battery companies in India 2024, by market capitalization
Leading battery companies in India 2024, by market capitalization
Leading battery companies in India as of February 2024, by market capitalization (in billion Indian rupees)
- Premium Statistic EV battery production capacity per year in India 2023, by OEM
EV battery production capacity per year in India 2023, by OEM
Annual electric vehicle battery production capacity in India as of March 2023, by OEM (in 1,000 units)
Electric passenger cars
5
- Premium Statistic Passenger vehicles sales volume India FY 2014-2023
- Premium Statistic Sales volume of BEV in India 2021-2023, by quarter
- Premium Statistic Share of BEVs in PV market in India 2018-2023
- Premium Statistic Electric passenger vehicle market share in India 2023, by OEM
- Premium Statistic Electric passenger vehicle sales in India 2023, by model
Electric passenger cars
- Premium Statistic Passenger vehicles sales volume India FY 2014-2023
Passenger vehicles sales volume India FY 2014-2023
Sales volume of passenger vehicles across India from financial year 2014 to 2023 (in millions)
- Premium Statistic Sales volume of BEV in India 2021-2023, by quarter
Sales volume of BEV in India 2021-2023, by quarter
Sales volume of battery electric passenger vehicle in India from 2021 to 2023, by quarter
- Premium Statistic Share of BEVs in PV market in India 2018-2023
Share of BEVs in PV market in India 2018-2023
Share of battery electric vehicles in passenger vehicle market in India from 2018 to 2023
- Premium Statistic Electric passenger vehicle market share in India 2023, by OEM
Electric passenger vehicle market share in India 2023, by OEM
Market share of electric passenger vehicle in India in 2023, by OEM
- Premium Statistic Electric passenger vehicle sales in India 2023, by model
Electric passenger vehicle sales in India 2023, by model
Electric passenger vehicle sales in India in 2023, by model
Electric two and three wheelers
6
- Premium Statistic Two-wheeler domestic sales in India FY 2011-2023
- Premium Statistic Electric two-wheelers sales India FY 2019-2023
- Premium Statistic Three-wheelers domestic sales volume in India FY 2015-2023
- Premium Statistic Sales volume of electric three-wheelers India 2019-2023
- Premium Statistic Share of electric two-wheeler in India FY 2023, by OEM
- Premium Statistic Electric three-wheelers sales volume in India 2023, by leading OEM
Electric two and three wheelers
- Premium Statistic Two-wheeler domestic sales in India FY 2011-2023
Two-wheeler domestic sales in India FY 2011-2023
Two-wheeler domestic sales in India from from financial year 2011 to 2023 (in million units)
- Premium Statistic Electric two-wheelers sales India FY 2019-2023
Electric two-wheelers sales India FY 2019-2023
Sales volume of electric two-wheelers across India from financial year 2019 to 2023 (in 1,000s)
- Premium Statistic Three-wheelers domestic sales volume in India FY 2015-2023
Three-wheelers domestic sales volume in India FY 2015-2023
Domestic sales volume of three-wheelers across India from financial year 2015 to 2023 (in 1,000s)
- Premium Statistic Sales volume of electric three-wheelers India 2019-2023
Sales volume of electric three-wheelers India 2019-2023
Sales volume of electric three-wheelers in India from year 2019 to 2023 (in 1,000s)
- Premium Statistic Share of electric two-wheeler in India FY 2023, by OEM
Share of electric two-wheeler in India FY 2023, by OEM
Share of electric two-wheeler in India in financial year 2023, by OEM
- Premium Statistic Electric three-wheelers sales volume in India 2023, by leading OEM
Electric three-wheelers sales volume in India 2023, by leading OEM
Electric three-wheelers sales volume in India in 2023, by leading OEM (in 1,000 units)
Major players
4
- Premium Statistic Revenue of Tata Motors FY 2015-2024
- Premium Statistic Revenue of Mahindra FY 2015-2023
- Premium Statistic Operational revenue of Ola Electric FY 2020-2022
- Premium Statistic Hero MotoCorp total income FY 2015-2023
Major players
- Premium Statistic Revenue of Tata Motors FY 2015-2024
Revenue of Tata Motors FY 2015-2024
Total revenue of Tata Motors from financial year 2015 to 2024 (in billion Indian rupees)
- Premium Statistic Revenue of Mahindra FY 2015-2023
Revenue of Mahindra FY 2015-2023
Revenue of Mahindra and Mahindra Limited from financial year 2015 to 2023 (in billion Indian rupees)
- Premium Statistic Operational revenue of Ola Electric FY 2020-2022
Operational revenue of Ola Electric FY 2020-2022
Operational revenue of Ola Electric Mobility from financial year 2020 to 2022 (in million Indian rupees)
- Premium Statistic Hero MotoCorp total income FY 2015-2023
Hero MotoCorp total income FY 2015-2023
Total income of Hero MotoCorp Limited from financial year 2015 to 2023 (in billion Indian rupees)
Get the best reports to understand your industry
Contact
Get in touch with us. We are happy to help.
Meredith Alda
Sales Manager– Contact (United States)
Tel
+1 914 619-5895
Mon - Fri, 9am - 6pm (EST)
Yolanda Mega
Operations Manager– Contact (Asia)
Tel
+65 6995 6959
Mon - Fri, 9am - 5pm (SGT)
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)
Mon - Fri, 10:00am - 6:00pm (JST)
Lodovica Biagi
Director of Operations– Contact (Europe)
Tel
+44 (0)20 8189 7000
Mon - Fri, 9:30am - 5pm (GMT)
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
Tel
+1 212 419-5774
Mon - Fri, 9am - 6pm (EST)
Yes, let me download!
...and make my research life easier.