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 Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..