India's Electric Mobility Market Poised to Hit $250 Billion by 2030

14 Aug 2024 CW Team

India's electric mobility sector is on track to become a $250 billion market by 2030, fueled by substantial investments in sustainable transportation, according to the ELECTRIFY30 report by Praxis Global Alliance. The report forecasts a significant rise in electric vehicle (EV) adoption, with the product opportunity expected to reach $94 billion and EV penetration to hit 23% by FY30.

Both passenger and commercial vehicles, including two-wheelers and four-wheelers, are driving this growth. The services segment is also set to expand, growing from $26 billion in FY24 to $144 billion by FY30, with services like E-Buses, E-Cabs, and E3Ws leading the way.

India's focus on building EV infrastructure is evident, with a current EV-to-charging station ratio of 9:1, and government initiatives aiming to achieve a 4:1 ratio, aligning with global standards.

Technological advancements are further boosting the appeal and cost-effectiveness of EVs. The software solutions market is expected to grow from $0.4 billion in FY24 to $1.6 billion by FY30. Additional growth opportunities include India's potential as a manufacturing hub, the development of connected and autonomous vehicles, Mobility as a Service (MaaS), battery recycling, EV exports, and carbon credit initiatives.

Aryaman Tandon, Managing Partner - Mobility, Energy, and Transportation at Praxis Global Alliance, emphasized the dual economic and environmental benefits of this shift, highlighting the report?s insights as key to driving India's electric mobility transformation.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..