India Electric Car Market Share, Size, Sales & Forecast 2027 - TechSci Research

According to the TechSci Research report titled "India Electric Car Market By Vehicle (SUV & MPV, Sedan, Hatchback), By Drivetrain (FWD, RWD, AWD), By Battery Capacity (Below 25 KWH, 25KWH-40KWH, Above 40KWH), By Company, By Region, Forecast & Opportunities, FY2027," the India electric car market generated a revenue of USD 10,107.18 million in FY2021 and is projected to reach USD 78,190.10 million by 2027, growing at an impressive CAGR of 41.02% during the forecast period. The market is expected to witness steady growth for the next five years, driven by favorable government policies and financial aids, along with the introduction of new electric car models by vehicle manufacturers to expand their product portfolios.
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