This is a unique opportunity for investors to be part of India’s e-mobility growth story
India is the 3rd largest automotive market in the world, and has attracted $25 billion in FDIs over the last two decades. As global transport shifts towards e-mobility, India has the opportunity to lead the world from ICE to EVs. India’s e-mobility sector is expected to grow at an annual rate of 49% till 2030, which presents a unique opportunity for investors to be a part of India’s e-mobility growth story. Already, India has broken records with $3.6 billion in investments in FY23 from 250 businesses including startups, across all market segments.
A recent report prepared under the USAID’s South Asia Regional Energy Partnership (SAREP) and Invest India highlights the investment potential in this sector, in the hope of attracting global investments.