Reasons To Invest

2 wheeler
Two-wheeler segment: Expected to be valued at $200 mn by 2023 and penetration of 34.5% by 2025
3 wheeler
Three-wheeler segment: Expected to be valued at $1 bn by 2030 and penetration of 63% by 2025
4 wheeler
Four-wheeler: Expected to be valued at $700mn by 2025 and penetration of 25% by 2025

How We Help Investors

Research Content Provider

Research Content Provider

Location Analysis

Location Analysis

Policy Advisory/Representation

Policy Advisory/Representation

Stakeholders Meeting

Stakeholders Meeting

Issue Resoution

Issue Resoution

Regulatory Clearance Facilitation

Regulatory Clearance Facilitation

FDI Norms

100% FDI is allowed under this sector under the automatic route

FDI Allowed

Did you Know?

The xEV component market is expected to grow to ~$12 billion by 2025

Government Support

Charging Stations

 Charging stations do not need a separate licence under the Electricity Act of 2003 as of April’18

Demand Creation

An outlay of INR 10,000 cr has been made for FAME-II over 3 years till 2022. INR 8597 cr has been set aside for incentives and INR 1000 cr has been kept for charging infrastructure

GigaWatt Cell Manufacturing Plan in 2019

The Government of India is working on a GigaWatt Cell Manufacturing Plan. This plan is currently underway and it seeks to invite 50GWH of cell manufacturing capacity in India by 2025.

Charging as a Service:

Ministry of Power has issued a notification clarifying a clause in the Electricity Act 2003 that charging for the purpose of charging an electric vehicle is classified as a service and that no licence is required for this business activity

Major Investors

Invest India
Invest India

Infrastructure Map

Product Profiles

Electric mobility
2W fleets are likely to shift to EVs much more rapidly. EVs in 2W segment can potentially target 34.5% of total 2W market – actual penetration could vary.
Electric mobility
The electric two-wheeler market in India is emerging on account of increased government policies supporting battery-powered vehicles, the growing awareness toward the environment, increasing petrol prices, and stringent emission norms.
Electric mobility
2Ws are expected to be one of the early adopters of electrification. High vehicle utilization and easy home or workplace charging would drive the uptake in the commercial 2W segment.
2 Wheelers

Team Blogs

Feb 03, 2021
The Budget for the Aspirational “New India”

As India revives from the shackles of Covid-19 pandemic and…

EV ecosystem
Dec 21, 2020
Tesla and India’s EV innovation ecosystem

Conclusively now, electric vehicles are the future!…

New India
Dec 11, 2020
Rewriting India’s growth story – the New Investment Destination

Being a major non-debt financial source, Foreign Direct…



It is said that Electric Vehicles (EV) are also called as Emission Elsewhere Vehicle (EEV). Is it true that EVs are just transferring emission from city area to the place where power is being generated?

The fact is that a typical conventional hatchback has 130-140 gm/km of CO2 emission comparing to an electric vehicle for 100 gm/km when charged by grid and when solar charged, there is ~0 gm/km CO2 emission from an electric vehicle.
Please visit the link for more information.

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What is the Faster Adoption and Manufacturing of hybrid and Electric vehicles (FAME) scheme?

The FAME scheme introduced in April 2012 is to be implemented over a period of 6 years till 2020 to support hybrid/electric vehicles market development and its manufacturing. Under this scheme, demand incentives will be availed by buyers (end users/consumers) upfront at the point of purchase and the same shall be reimbursed by the manufacturers from Department of Heavy Industries, on a monthly basis.

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Which electric vehicles categories are not covered under this FAME scheme?

The following categories are not covered under the FAME scheme:

a) E-Rikshaw
b) Electric Bicycles.
c) Vehicles used for carrying person/goods used within closed premises like factory, airport etc.
d) Electric Chair-cars.

All those vehicles, which are not directly reducing fossil fuel, are not covered under FAME India Scheme.

For more information, please visit the following link.

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Is the FAME incentive applicable along with any other incentives that may be available in my home state for electric vehicles?

The FAME incentive will be available over and above any State level EV incentives being offered by any State/Local bodies.
However for JNNRUM (AMRIT) funded buses, there is a specific incentive amount declared in the Scheme Guidelines.
Please visit the link for more information.

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Invest India Timeline

Team India Blogs
EV ecosystem
Authored By:
Strategic Investment Research Unit (SIRU)

Disclaimer: All views and opinions that may be expressed in the posts on this page as well as post emanating from this page are solely of the individual in his/her personal capacity