What is the size of the India Electric Vehicle Market?

According to the report published by Virtue Market Research in India Electric Vehicle Market was valued at USD 8.19 billion and is projected to reach a market size of USD 115.63 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 45.97%.

What are the India Electric Vehicle Market drivers?

Increasing Fuel Prices Will Spur Market Growth in the Projection Period, The market will grow as long as the cost of electric vehicle batteries continues to decline, Need for a vast network of public transportation

What are the segments under the India Electric Vehicle Market by Propulsion Type?

Based on propulsion type, the India Electric Vehicle Market is segmented into Battery electric vehicles and Hybrid electric vehicles.

What are the segments under the India Electric Vehicle Market by Vehicle Type?

Based on vehicle type, the India Electric Vehicle Market is segmented into Passenger Vehicles and Commercial Vehicles

Who are the leading players in the India Electric Vehicle Market?

Ather Energy Pvt Limited, JBM Auto Limited, Tata Motors, Bajaj, Mahindra Electric Mobility Limited, and Ola are the key players operating in the India Electric Vehicle Market.