India's EV Market Poised for 12x Growth to 30.4 Million Units by 2032

electric vehicles EV market India

En resumen

India's electric vehicle market is projected to grow 12x to 30.4 million units by 2032, driven by policy support and consumer appeal.
Electric two- and three-wheelers will lead sales, while battery demand surges from 19 GWh to 362 GWh.
The domestic component market is expected to reach Rs 3,02,000 crore.

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Tamaño de fuente

India's electric vehicle market is projected to grow 12x to 30.4 million units by 2032, driven by policy support and consumer appeal. Electric two- and three-wheelers will lead sales, while battery demand surges from 19 GWh to 362 GWh. The domestic component market is expected to reach Rs 3,02,000 crore.

Read the full article on Economic Times

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This article was originally published by Economic Times.

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