India EV Charging Market

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India EV Charging Market by Type of Charger (AC Chargers (Mode 1 (2.3 kW), Mode 2 (2.3 kW), & Mode 3 (3.7 kW to 22 kW) and DC Chargers), By Charging Speed (Level 1, Level 2, and Level 3), By Connector Type (Type 1, Type 2, CCS, CHAdeMO, and Others), by Installation (Fixed and Portable), and by End-Users (Commercial, and Residential) – Opportunity Analysis and Industry Forecast, 2025–2030

Industry: Automotive & Transportation | Publish Date: 26-May-2025 | No of Pages: 180 | No. of Tables: 142 | No. of Figures: 87 | Format: PDF | Report Code : AT868

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India EV Charging Market Overview

The India EV Charging Market size was valued at USD 91.75 million in 2024, and is expected to be valued at USD 126.20 million by the end of 2025. The industry is projected to grow further, hitting USD 754.20 million by 2030, with a CAGR of 42.98% between 2026 and 2030. In terms of volume, the market size was 179 thousand units in 2024 and is projected to reach 1610 thousand units in 2030, with a CAGR of 45.1% from 2025 to 2030.

The India EV charging market is witnessing robust growth, driven by strong government initiatives such as PM E-DRIVE and FAME II, rising EV sales, and active private sector investments from players such as Tata Power and BPCL. However, challenges like lack of standardization and compatibility issues among charging systems pose barriers to seamless deployment. Despite this, the integration of renewable energy sources into charging networks presents a significant opportunity for sustainable growth, especially in urban and semi-urban areas.

Growing Adoption Of Evs Across India Fuels The Ev Charging Infrastructure Industry

The rising adoption of EVs in India is accelerating the growth of charging infrastructure, as increasing environmental awareness and demand for cleaner mobility drive the need for accessible and efficient charging solutions. According to the latest report published by the Indian Brand Equity Foundation in 2025, the electric vehicle sales in India saw a significant increase of 49.25%, reaching 1.52 million units in 2023. This upward trend in EV sales is expected to further accelerate the development of a strong and accessible charging infrastructure across India.

 

Increasing Government Initiatives And Policies Drives The India Ev Charging Market Growth

Growing implementation of supportive government policies drives India’s EV charging market by lowering entry barriers and encouraging investment. Incentives, streamlined regulations, and focused schemes reduce setup complexity, attract private players, and increase charging station rollout. According to the latest report by the National Portal of India, the Indian government launched the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme in October 2024, allocating about USD 237.8 billion specifically for the development of public charging stations across urban and rural areas. Therefore, such investments and strategic planning demonstrate the commitment to expanding EV infrastructure and facilitating the transition to electric mobility in the country.

 

Expansion Of Ev Charging Networks By Key Players Boosts The Market Growth

The expansion of EV charging networks by industry leaders drives market growth by reducing range anxiety and improving charging access. Leading manufacturers build widespread, reliable infrastructure, making EV use more practical and convenient. This improves user confidence, encourages adoption, and strengthens the overall EV ecosystem, accelerating India’s transition to electric mobility. For instance, TATA.ev to boost India’s Charging Infrastructure to 400,000 Charge Points by 2027. Furthermore, Hyundai Motor’s Indian division plans to establish around 600 public fast charging stations by 2031. This initiative aligns with their strategy to enhance the EV infrastructure, ensuring wider access to fast charging points, and further promoting electric vehicle adoption across the country.

Increasing Market Competition Hinders The Market Growth

The growing number of players in the EV charging infrastructure market in India is increasing competitive pressure, leading to reduced profit margins and pricing challenges. This heightened competition hinders the scalability and long-term sustainability of smaller operators, potentially slowing overall EV infrastructure expansion and affecting service consistency.

Rising Adoption Of Wireless Charging Systems Is Expected To Create Ample Opportunity Growth For The Market Expansion

The introduction of wireless EV charging infrastructure in India offers significant growth potential for the market by enhancing convenience and efficiency. This technology allows EVs to charge automatically when parked over a charging pad, eliminating the need for physical connectors. In a major recent development, Simactricals, a startup incubated at IIT Kanpur, developed an advanced wireless charging system designed for various electric vehicles, including two-wheelers, three-wheelers, and four-wheelers. Integrating wireless charging into public spaces such as roadways and parking lots provides continuous charging and alleviates range anxiety. As more investment surges in, this advancement will play a key role in accelerating EV adoption and expanding the charging infrastructure across the country.

Charger Type Analysis: AC Chargers Lead the Market

Regarding charger type, AC chargers currently dominate the India EV charging market share. This is primarily attributed to their greater affordability in terms of production, installation, and operational costs when compared to DC chargers. 

Furthermore, AC EV chargers are more commonly used for charging at home and in workplaces due to their lower cost and suitability for longer charging sessions. The report by IESA and Customised Energy Solutions also supports this, stating that the ecosystem was dominated by type-2 AC chargers, which accounted for 82 % of the market in 2021-22, followed by AC001 type chargers at 12.5 %. This makes AC chargers a more accessible and practical option for a large segment of EV users who can charge their vehicles overnight or during work hours.

Additionally, the prevalence of slower chargers like Bharat AC-001 (typically rated at 3.3kW) and DC-001 (15kW) also contributes to the dominance of the AC segment, as AC-001 is a type of AC charger. These slower chargers, taking approximately 8-12 hours to fully charge a vehicle, are best suited for overnight charging at homes or workplaces and cater to a significant portion of the current EV sector, particularly the two-wheeler and four-wheeler segments. Projections suggest that even by 2030, with EVs expected to constitute 65% of the market, slow chargers are expected to continue dominating.

Application Segment: Commercial Use Leads with Fastest Growth

Concerning the application segment, the commercial application holds the highest CAGR of 41.7% in the India EV charging market. This rapid growth is largely due to the rapid electrification of commercial fleets, which includes vehicles such as taxis, delivery vans, and buses. The increasing adoption of electric vehicles in the commercial sector necessitates a robust charging infrastructure to support their daily operations and ensure minimal downtime.

Moreover, government policies such as FAME II and the National Electric Mobility Mission Plan primarily focus on public transport electrification, which directly boosts the demand for charging infrastructure at depots and transit hubs. 

Initiatives aimed at electrifying public transport and commercial logistics actively drive the deployment of charging stations specifically designed for commercial use. The partnership between Montra Electric and Steam-A to enhance charging infrastructure reliability for electric small commercial vehicles further underscores this growing focus on the commercial segment.

 

Strategic Analysis of Companies in the India EV Charging Industry

The India EV charging market demand is fueled by the strategic initiatives of key players committed to strengthening the country’s electric mobility ecosystem. Tata Power Company Limited leads the segment with over 60,000 charging points, including more than 1,000 public stations as of 2024. 

The company emphasizes renewable energy integration and partnerships with oil firms to expand its presence across urban and highway corridors. Charge Zone, with 3,500 operational chargers, aims to scale to one million by 2030, prioritizing highway networks and smart app-based tracking solutions. 

ChargePoint Holdings Inc., a global leader, is entering the Indian market with advanced solutions targeting fleet operators and businesses. Blink Charging Co. leverages its international expertise to establish stations in high-traffic urban zones. Exicom focuses on hardware innovation, managing over 65,000 chargers across 400+ cities, bolstered by strong collaborations with leading automakers.

Meanwhile, Fortum (operating as GLIDA in India) supports sustainability through 70+ solar-powered public charging stations. Delta Electronics Inc. provides high-efficiency AC and DC chargers, catering to both public infrastructure and fleet requirements with outputs of up to 200 kW. 

Ola Electric Mobility Ltd. develops integrated charging stations for its scooter users, directly accessible through its mobile app. Ather Energy has rolled out over 1,900 fast chargers and is expanding into tier-2 and tier-3 cities post-IPO with its proprietary LECCS (Light Electric Combined Charging System) standard. Servotech Power Systems Ltd. has deployed more than 5,600 chargers and is executing large-scale projects, including 1,800-charger rollout in partnership with BPCL.

Despite challenges like high infrastructure costs, inconsistent state-level policies, and limited rural grid reliability, the market holds vast potential. Strategic investments, public-private partnerships, and localized innovation continue to drive momentum across India’s dynamic EV charging landscape.

LIST OF SELF MANUFACTURED VS WHITELABELLED CHARGER MANUFACTURERS
Below are the list of self-manufacturers and white labelled charger manufacturers. For more detail buy our latest report. BUY NOW: https://www.nextmsc.com/report/india-electric-vehicle-ev-charging-market

Supplier

Own Manufacturing/Designing

Primarily White-Label

Servotech Power Systems

Yes

No

Exicom Tele-Systems

Yes

No

Tata Power

Partial

No

Ather Energy

Yes

No

Delta Electronics India

Yes

No

Mass-Tech Controls

Yes

No

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

Source: Primary Research, Secondary Research, NMSC Analysis

India EV Charging Market Key Segments

By Type Of Charger 

  • AC Chargers

    • Mode 1 (2.3 kW)                

    • Mode 2 (2.3 kW)                

    • Mode 3 (3.7 kW to 22 kW)      

  • DC Chargers (22 kW to 350 kW)      

By Charging Speed

  • Level 1

  • Level 2

  • Level 3  

By Connector Type                        

  • Type 1

  • Type 2

  • CCS

  • CHAdeMO

  • Others 

By Installation                        

  • Fixed

  • Portable

By End User

  • Commercial

    • Commercial Public EV Charging Stations

      • Highway Charging Stations

      • Fleet Charging Stations

      • Workplace Charging Stations

    • Commercial Private EV Charging Stations

  • Residential

    • Private Homes

    • Apartments

Key Players

  • Tata Power Company Limited

  • Charge Zone

  • ChargePoint Holdings Inc.

  • Blink Charging Co.

  • Exicom

  • Fortum

  • Delta Electronics Inc.

  • Ola Electric Mobility Ltd.

  • Ather Energy

  • Servotech

  • Renewable Power System Ltd

  • GLIDA

  • Quench

  • Charzer

  • Sharify Services Pvt. Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2024

USD 91.5 Million

Revenue Forecast in 2030

USD 754.20 Million

Growth Rate

CAGR of 40.0% from 2025 to 2030

Market Volume in 2024

179 Thousand Units

Volume Forecast in 2030

1610 Thousand Units

Growth Rate (Volume)

CAGR of 45.1% from 2025 to 2030

Analysis Period

2024–2030

Base Year Considered

2024

Forecast Period

2025–2030

Market Size Estimation

Million (USD)

Market Value Estimation

Thousand Units

Growth Factors

  • Growing Adoption Of Evs Across India Fuels The Ev Charging Infrastructure Industry

  • Increasing Government Initiatives And Policies Drives The India Ev Charging Market Growth

  • Expansion Of Ev Charging Networks By Key Players Boosts The Market Growth

Companies Profiled

15

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

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Frequently Asked Questions

According to projections from Next Move Strategy Consulting, the India EV Charging market revenue is anticipated to reach USD 5695.6 million by 2030.

As per NMSC, the size of the India EV charging sector was valued at USD 91.75 million in 2024.

The top companies operating in the India EV charging industry includes Tata Power Company Limited, Charge Zone, ChargePoint Holdings Inc., Blink Charging Co., Exicom, Fortum, Delta Electronics Inc., Ola Electric Mobility Ltd., Ather Energy, Servotech, Renewable Power System Ltd, GLIDA, Quench, Charzer, Sharify Services Pvt. Ltd.

Key drivers of the market include rising government expenditure towards EVs, the rise in adoption of electric vehicles propels, and private sector investments and partnerships.

The high cost of EV charging hinders the growth of the market.

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