Electric vehicles in India are projected to account for 10-12% of total vehicle sales in FY27, driven primarily by electric two-wheelers, according to a study by Ind-Ra.
Electric two-wheelers will drive the growth
Jul 27, 2026
04:27 pm
What's the storyThe Indian electric vehicle (EV) market is gearing up for a major expansion.
A new report from ratings agency Ind-Ra has predicted that EVs will account for 10-12% of total vehicle sales in FY27, up from the 8.5% recorded in FY26.
India's electric vehicle sales are projected to reach ten to twelve percent this fiscal year. E-two-wheelers will drive this…
India's electric vehicle market is projected to expand 12-fold, reaching 30.4 million annual unit sales by 2032, driven by robust…
The report said it expects EV adoption to remain strongest in segments where the economics of electrification are already…
India's EV sales are set to soar to 30 million units by 2032, driven by strong growth and rising consumer demand.
India's electric vehicle market is set for substantial growth by 2032. Sales are expected to rise significantly, driven by…
Electric vehicles captured nearly 7% of India's passenger vehicle market in May, marking their highest share in over a year as…
