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India’s electric vehicle (EV) market is moving into a more mature phase, with automakers and industry stakeholders focusing on affordability, reliability, charging infrastructure, localisation, battery technology and policy support. On World EV Day, industry leaders shared their views on the opportunities and challenges that could shape the future of electric mobility in India.

 

 

Aakash Minda, Executive Director of Spark Minda, said the next phase of EV adoption will depend on making electric mobility more affordable, reliable and accessible. He highlighted the importance of research and development, strategic partnerships and technology investment to create scalable solutions for India as well as global markets. Ravi Chawla, MD and CEO of Gulf Oil Lubricants India, said India’s EV market has moved significantly beyond its early adoption stage. EV penetration was around 0.7% of total vehicle sales in 2020, while the country recorded more than 25 lakh EV registrations in FY2025-26. Penetration across several vehicle segments has now moved close to 5%.

 

However, the growth of EVs will also require a much stronger charging network. More than 52,000 public charging stations are currently operational across India, while the country may need at least 1.32 million charging stations by 2030. The charging infrastructure market is estimated to be worth around USD 2 billion. Chawla said the next phase of growth will require greater localisation, reliability and solutions designed for India’s diverse operating conditions, particularly in the commercial mobility segment.

 

Gulf Oil is expanding its presence in the EV charging ecosystem through its Tirex business. The company currently has an estimated 30-35% share of India’s fleet DC fast-charging segment and has committed an additional Rs 50 crore to increase annual charging equipment capacity to 3,000 units. The company is also investing in AC charging and EV software solutions and has achieved 55% component localisation in charger manufacturing.

 

Samrath S Kochar, founder and CEO of Trontek Electronics, said India’s EV transition is entering a more mature stage, with the focus shifting from adoption alone towards reliability, safety, infrastructure and overall ownership costs. He noted that reliable batteries, stronger charging and battery-swapping infrastructure, higher safety standards and lower total cost of ownership will be important for the next wave of EV growth. These factors are particularly important for commercial EVs, where vehicle uptime and battery performance can directly affect businesses and livelihoods.Battery technology and domestic manufacturing are also expected to play an important role in India's electric mobility future. Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical, highlighted the importance of battery materials, R&D and technological development.

 

Himadri is developing advanced battery-material technologies, including lithium iron phosphate (LFP) cathode active material and silicon-carbon anode technology. The latter could help improve charging speeds, driving range and energy density in future EVs Industry leaders believe India’s opportunity extends beyond assembling electric vehicles and battery cells. Building a strong domestic ecosystem for battery materials, components, charging infrastructure and after-sales support will be important for making EVs more affordable, reliable and scalable.

 

As India’s electric mobility market continues to expand, the future of EVs will therefore depend not only on increasing sales but also on developing the infrastructure, technology and domestic manufacturing capabilities required to support long-term adoption.