EV penetration may rise to 10-12% of total sales in FY27: Ind-Ra report

Wait 5 sec.

India's electric vehicle sales are projected to reach ten to twelve percent this fiscal year. E-two-wheelers will drive this adoption, supported by lower operating costs. Electric three-wheelers will remain the most electrified category with attractive economics. Electric passenger vehicles will see robust growth from a small base. Future growth depends on domestic value chain development and charging infrastructure expansion.