The India Electric Car Market size is estimated at USD 2.56 billion in 2024, and is expected to reach USD 14.79 billion by 2029, growing at a CAGR of 42.02% during the forecast period (2024-2029).
The India Electric Car Market is fairly consolidated, with the top five companies occupying 99.31%. The major players in this market are Hyundai Motor Company, Jaguar Land Rover Limited, Mahindra & Mahindra Ltd, MG Motor India Pvt. Ltd. and Tata motors (sorted alphabetically).
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