AugmentingValue Market Trends, Highlights & Outlook Key MarketSignposts Address businesschallenges
Market Report

Electric Vehicle Market in India & Growth - Quarterly Reports

logo green MRAC Quarterly

Report Summary Find out what’s new in India’s current electric vehicle market space. Learn about the status of state wise operational EVs in India, operational & upcoming EV charging infrastructure, market share and volume of players across EV segment, their expansion plans, fresh investments, state wise regulatory & policy support for setting EV ecosystem etc.

Electric Vehicle Market in India & Growth - Quarterly Reports


Share Report


License Type

In addition to single user license


  • About

    India observed a growth of approximately 20% in the count of battery-operated electric vehicles from Dec’22- till April ’ 23. The number of total EVs registered in India during this period increased by more than 6 Lakhs approximately. As of 7 Dec,2022 the total number of EVs registered in India were 1,802,967 which increased to a count of 2,467,535 as of 7 May,2023. As per Eninrac EV visionboard the total EV fleet in India would hover b/w 34-36 lakhs by Mar’24 under the base case scenario.

    Some of the most exciting developments that relates to the growth of electric vehicles in India is the small format mobility that includes electric two & three wheelers. Cumulatively both e-2W & 3W commands 95% of the total EVs share in the country. For e-2Ws much of the demand is witnessed by low to medium income group people, fleet aggregators that deals in – last mile deliveries, bike taxis etc. such as Zepto, Blink it, Zomato,Swiggy, Ola, Uber etc. For the e-3Ws, a lot of demand is observed for the e-rickshaws from the riders due to its affordability. Also, with the increase in ecommerce options, e-bulk order home deliveries etc. - many such service providers have also started adopting e-3W good carriers for meeting door to door deliveries of bulk items.

  • TOC
  • USPs
  • Key Highlights
  • Report Insights
  • Must Buy For
  • Companies Mentioned

BEST VISION IS INSIGHT

Combine market knowledge and your skill to contribute value for end consumers

electirc-vehicle-adaption-01.jpg

Electric Vehicles Adaptation Target in the Southeast Asian Nations

Read more  →
arr-power-sales-od-01.jpg

Discom wise Projected Power Sales & Annual Revenue Requirement in Odisha for FY 2024-25

Read more  →
arr-power-sales-mp-01.jpg

Discom wise Estimated Power Sales & Annual Revenue Requirement in Madhya Pradesh for FY 2023-24

Read more  →

Get started with
EI Market personalised demo

Complete the form to get in touch with our sales team to see our Visionboard platform in action. We'll show you how you can use eninrac to build a culture of action of consistently hunting down and eliminating poor market research expriences across your companies line of business

power by why
REQUEST DEMO
By providing this information, you grant consent that we may process your personal data in accordance with our Privacy Statement.
By submitting this form, you grant consent to receive marketing information from eninrac as set out in our Terms of Service & Privacy Statement. You may unsubscribe at any time.