Indian Carmakers Gear up for EV Push in 2025 Despite Global Slowdown
ECONOMY & POLICY

Indian Carmakers Gear up for EV Push in 2025 Despite Global Slowdown

Automakers in India are preparing to launch nearly a dozen new electric car models this year, many targeting the premium market. These vehicles are expected to feature extended driving ranges and faster charging capabilities, aimed at attracting consumers amid a global slowdown in demand for electric vehicles (EVs).

Electric cars are set to dominate India's five-day auto show in New Delhi starting Friday. The event will showcase models from Vietnamese newcomer VinFast, alongside domestic players such as Maruti Suzuki and Mahindra & Mahindra, as well as international competitors including BYD, Toyota, and Hyundai.

Leading the Indian EV market, Tata Motors and JSW-MG Motor, partially owned by China's SAIC Motor, are planning to unveil an expanded lineup. The shift toward cleaner vehicles is driven by stricter emission norms that will come into effect in 2027 in the world's third-largest car market.

India’s EV market currently remains modest, with electric vehicles accounting for only about 2.5 per cent of the 4.3 million cars sold in 2024. Factors such as high prices and limited charging infrastructure have deterred widespread adoption. However, the government aims to increase EV penetration to 30 per cent by 2030.

Globally, EV sales growth slowed to 13 per cent in 2024 compared to the previous year, although they surpassed 10 million units for the first time, according to research firm RhoMotion. In India, despite the deceleration, EV sales rose by 20 per cent in 2024 to approximately 100,000 units, outpacing the overall car market's 5 per cent growth.

Automakers in India are preparing to launch nearly a dozen new electric car models this year, many targeting the premium market. These vehicles are expected to feature extended driving ranges and faster charging capabilities, aimed at attracting consumers amid a global slowdown in demand for electric vehicles (EVs). Electric cars are set to dominate India's five-day auto show in New Delhi starting Friday. The event will showcase models from Vietnamese newcomer VinFast, alongside domestic players such as Maruti Suzuki and Mahindra & Mahindra, as well as international competitors including BYD, Toyota, and Hyundai. Leading the Indian EV market, Tata Motors and JSW-MG Motor, partially owned by China's SAIC Motor, are planning to unveil an expanded lineup. The shift toward cleaner vehicles is driven by stricter emission norms that will come into effect in 2027 in the world's third-largest car market. India’s EV market currently remains modest, with electric vehicles accounting for only about 2.5 per cent of the 4.3 million cars sold in 2024. Factors such as high prices and limited charging infrastructure have deterred widespread adoption. However, the government aims to increase EV penetration to 30 per cent by 2030. Globally, EV sales growth slowed to 13 per cent in 2024 compared to the previous year, although they surpassed 10 million units for the first time, according to research firm RhoMotion. In India, despite the deceleration, EV sales rose by 20 per cent in 2024 to approximately 100,000 units, outpacing the overall car market's 5 per cent growth.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?