According to a statement by IESA, India’s cumulative EV sales have crossed 41 lakh units in FY 2023-2024 and the future outlook for electric vehicle sales remains positive. Their demand is increasing due to environmental awareness, customer interest, advances in battery technology and easily available and accessible EV charging infrastructure.

IESA said, “It is estimated that 83 percent of annual sales will be electric-two wheelers, 10 percent will be electric-four wheelers and commercial vehicles such as trucks, buses. At the same time, electric wheel vehicles will contribute seven percent to the sales.”

India is making significant and steady progress in its decarbonization journey, with a focus on rapid growth in electric vehicle sales, demand and supply incentives, growing consumer demand and developing charging infrastructure.

IESA President (Interim) Vinayak Valimbe said that India has seen substantial growth in electricity consumption, reaching 1,543 TWh (trillion watt hour) in 2023-24. This is an increase of seven percent compared to last year.

“According to the Central Electricity Authority (CEA), power consumption on public charging infrastructure is projected to be 465 GWh from April to October 2024, more than double the 204 GWh in 2022-2023,” he said.

He said that with most EV users opting for charging facilities at home, IESA estimates that the energy demand for EV charging will be 4,000 GWh in FY 2024-2025 which will increase to 38 TWh by FY 2031-2032, with peak power demand projected at 366.4 GWh.”

The Ministry of Power has prepared a National Electricity Plan, a 10-year roadmap. It is important to help drive future strategies and ensure energy security.

India is the third largest producer and consumer of electricity in the world.

The National Electricity Plan estimates that the total annual demand on the Indian power grid will grow to 2,133 TWh by 2031-32 and EV charging will account for about three per cent of this demand, according to IESA estimates.

According to the IESA report, India’s total installed capacity is projected to grow to 466 TWh in January 2025. The plan is expected to increase the capacity from 100 GW to 900 GW by 2032.

The plan serves as a blueprint to accelerate the installation of EV charging infrastructure to meet future EV charging demand and increase the number of charging stations to around 1 lakh by 2030.

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The government’s objective behind implementing this rule is to reduce the long queues of vehicles at the toll due to problems in Fastag and to make travel convenient.

The National Payments Corporation of India (NPCI) and the Ministry of Road Transport and Highways have released some important changes in the Fastag ecosystem, which aims to streamline toll payments, reduce disputes and curb fraud.

The new Fastag rule will come into effect from February 17.

Under the new rules, if the Fastag remains inactive for more than 60 minutes before the vehicle crosses the toll and remains inactive for 10 minutes after crossing the toll, the transaction will be rejected. The system will reject such payments by writing ‘Error Code 176’.

Additionally, changes have been made to the chargeback process and cooling period as well as transaction rejection rules to simplify toll payments and reduce disputes.

According to the new guidelines, if the toll transaction is done more than 15 minutes after the vehicle passes through the toll reader, then Fastag users may have to pay additional charges.

According to the updated National Electronic Toll Collection (NETC) guidelines, if there is a delay in any transaction and the user has low balance in his Fastag account, then the toll operator will be held responsible.

Earlier, users could recharge Fastag at the toll booth itself and proceed further. After the new rule, now users will have to recharge Fastag first.

According to the latest data of NPCI, the number of Fastag transactions has increased by 6 percent to 38.2 crores in December, which was 35.9 crores in November.

Also, the value of Fastag transactions has increased by 9 percent It has increased to Rs 6,642 crore, which was Rs 6,070 crore in November.

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HMIL said in a statement that after starting its exports from India in 1999, the company has sold over 37 lakh cars from India to countries around the world in the last few years.

The company’s export figures reflected the success of India’s effort for self-reliant and globally competitive automobile production.

Over the years, Hyundai has expanded its global reach, exporting cars to over 150 countries.

Currently, the company supplies vehicles to over 60 countries, with Saudi Arabia, South Africa, Mexico, Chile and Peru emerging as its top markets in 2024.

The company said that Hyundai exported a total of 1,58,686 vehicles in the year 2024. Among the best-selling export models, the i10 family has crossed the 1.5 million unit mark in overseas sales. The popular Verna series has crossed the five lakh unit mark.

The carmaker has also achieved a major milestone by exporting more than 1 million vehicles to Africa.

According to HMIL Managing Director Unsoo Kim, “Hyundai Motor India Limited is proud to be the largest exporter of passenger vehicles from India on a cumulative basis.”

He said that this is a testimony to the growing trust in Indian engineering and the popularity of Indian craftsmanship around the world.

Kim said, “Under our global vision of progress for humanity, our resolve to serve global customers with a wide range of smart mobility solutions will continue to grow stronger as we commit ourselves to Make in India, Made for the World.”

Policies such as the production-linked incentive (PLI) scheme for the automobile sector and the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme have encouraged investments in vehicle production and exports.

Meanwhile, the automobile manufacturer reported a net profit of Rs 1,161 crore in the third quarter of FY2024-25.This was a 19 per cent decline from the figure of Rs 1,425 crore in the same quarter of FY2023-24.

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Puneet Gupta, Director, S&P Global Mobility ‘India & ASEAN’, said, “OEMs (original equipment manufacturers) are largely protected due to heavy localization and sales and minimal US exports.”

He said, “India is also the preferred partner of the US and the only option for US automakers other than China for auto components.”

Royal Enfield, the bike-making arm of Eicher Motors Ltd, may be an exception as the US is a major export market for its 650 cc motorcycles.

Some auto component manufacturers may also be affected due to high tariffs.

Last Thursday, Trump ordered his administration to consider imposing reciprocal tariffs on several trading partners.

According to a Morgan Stanley report, the direct impact of reciprocal tariff hikes by the US will be manageable, but the indirect impact on business confidence through uncertainty is more worrisome.

However, domestic policy will remain supportive of growth and more measures will be taken progressively if downside risks emerge.

Prime Minister Narendra Modi and US President Trump in their joint statement have pledged to expand trade and investment to make their citizens more prosperous, nations more robust, economies more innovative and supply chains more resilient.

To this end, the leaders set a bold new goal for bilateral trade – “Mission 500” – which aims to more than double total bilateral trade to $500 billion by 2030.

The two leaders committed to promoting opportunities for US and Indian companies to make greenfield investments in high-value industries in each other’s countries.

In this regard, the leaders welcomed investments of about $7.35 billion by Indian companies.

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The expo attracted visitors from all demographics and walks of life, showcasing their enthusiasm for the innovative products and solutions on display. Every hall was bustling with curious attendees, eager to see the latest technological advancements and gain insights into the future of mobility and construction.

Bharat Mobility Global Expo’s role in India’s Mobility Transformation and MICE Industry

The Bharat Mobility Global Expo 2025, India’s biggest mobility expo was held from 17th to 22nd January 2025 at three iconic venues – Bharat Mandapam, New Delhi, Yashobhoomi, Dwarka and India Expo Centre & Mart, Greater Noida, with the participation of more than 1,500+ exhibitors across the mobility ecosystem.

The Expo concluded on the 22nd of January on a triumphant note, marking a new chapter in innovation, collaboration, sustainable mobility and decarbonization.

Prime Minister Shri Narendra Modi, inaugurated the Expo on 17th January 2025, underscoring his unwavering vision and trust in India’s mobility transformation journey. Speaking at the inaugural ceremony, he stated, “The entire mobility industry, the whole government, and the whole nation have come together for this expo.” He further added “Driven by the aspirations of the people and energy of the youth, India’s automobile sector is witnessing an unprecedented transformation”. The Prime Minister had also inaugurated the first edition of the Bharat Mobility Global Expo, held from 1st to 3rd February 2024, at Bharat Mandapam, New Delhi.

The Bharat Mobility Global Expo 2025 plays a pivotal role in advancing India’s position within the MICE (Meetings, Incentives, Conferences and Exhibitions) industry by showcasing the country’s capacity to host world-class events. As a multi-venue event, the expo demonstrated the potential of state-of-the-art facilities like Bharat Mandapam, Yashobhoomi and India Expo Centre & Mart, in accommodating large-scale exhibitions, conferences, pavilions, and networking forums. The Expo reinforced India’s growing reputation as a global destination for innovative and impactful MICE event.

Innovative Product Launches

The expo witnessed 239 launches from exhibitors across all the concurrent shows, highlighting the commitment from all industries in the mobility ecosystem for a smart and sustainable mobility future in India.

There were 90 vehicle launches at The Auto Expo Motor Show 2025, showcasing majorly electric and in some cases Flex Fuel and other alternative powertrains.

97 product and technology launches were showcased at the Auto Components Show in Yashobhoomi, highlighting the resilience and readiness of the entire automotive supply chain for the transformative journey of the automotive sector.

The Bharat Construction Equipment Expo witnessed 24 launches, with many of them being BS (CEV) Stage 5 ready equipment along with electric and hydrogen-powered equipment.

The Bharat Battery Show saw 21 launches of various battery and charging solutions, highlighting the advancements in battery storage and vehicle charging solutions.

The India Cycle Show 2025, organized by EEPC India, saw 5 launches, and showcases of bicycles, e-scooters, and micro-mobility solutions, including electric bikes and scooters.

Exhibitors from the Mobility Tech Pavilion showcased technologies and products that are setting a global benchmark in mobility solutions, through technologies such as intelligent cockpits, autonomous vehicles and solutions and cutting-edge, human-centric features that are defining the future of transportation.

The India International Tyre Show 2025 launched 2 product ranges for passenger and commercial vehicles segments, and showcased advancements in tyre technology, smart tyres, use of sustainable materials, and improved safety features. In addition, companies have also announced strategic plans to enter specific tyre segments in India.

At the Steel Pavilion, companies showcased cutting-edge innovations in automotive steel, emphasizing sustainability, strength, and lightweight solutions, and highlighted the advancements in steel technology.

The Urban Mobility and Infrastructure Show 2025 brought diverse sectors of urban mobility and infrastructure under one roof, and showcased innovations, technologies and solutions in the sustainable urban transit such as Rapid Transit Systems, Mass Rapid Transit Systems and cutting-edge equipment manufacturing, and energy-efficient mobility solutions.

The Urban Air Mobility demonstrated revolutionary advancements in air mobility technologies, with companies demonstrating their VTOLs and eVTOLs, and with other companies highlighting their air mobility solutions including drones.

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Towards this goal, precision manufacturing firm Sona SPEEDS signed a memorandum of understanding (MoU) with Bengaluru-based Sarla Aviation.

Sarla Aviation develops India’s best electric vertical take-off and landing (eVTOL) aircraft.

Union Steel and Heavy Industries Minister HD Kumaraswamy visited the Sarla Aviation booth and showed keen interest in the prototype of the flying taxi and called it historic.

Sona SPEEDS Motors has been a part of several space missions of ISRO. This agreement establishes Sona SPEEDS as a key partner in revolutionizing urban air mobility in the country.

Choko Valliappa, CEO, Sona SPEED, said, “This partnership is a significant step in Sona SPEED’s evolution as a hub of aerospace innovation. Together, we aim to shape a cleaner, faster and more efficient future for urban transportation.”

Under the MoU, Sona SPEED will use its state-of-the-art facility in Karnataka to design and manufacture critical components such as motors and landing gear for Sarla Aviation’s eVTOL aircraft.

Rakesh Gaonkar, CEO, Sarla Aviation, said, “Sona SPEED’s expertise in engineering perfectly complements our vision for electric flying taxis. This collaboration strengthens our mission to redefine urban mobility with cutting-edge eVTOL technology.”

This development highlights India’s growing aspiration in sustainable urban air mobility and demonstrates the importance of synergy in driving innovation.

Focused on developing eVTOL aircraft, Sarla Aviation aims to transform urban mobility with faster, cleaner and more efficient transportation solutions.

The company plans to begin test flights and develop additional prototypes, which will be launched in the market by 2028.

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At the 2^nd Edition of Bharat Mobility Global Expo Maruti Suzuki has launched its first-ever electric SUV, the e VITARA. The e VITARA is equipped with cutting-edge features like Level 2 ADAS, next-gen connectivity with Suzuki Connect.

Suzuki Motorcycle India has also unveiled three innovative products including the e-ACCESS, Suzuki’s first electric scooter; the all-new Access 125, and the GIXXER SF 250 Flex Fuel, India’s first E85-compliant sports bike promoting ethanol-based mobility.

Hero MotoCorp unveiled a series of new vehicles and initiatives, marking its entry into the 250cc motorcycle segment with the Xtreme 250R and enhancing its adventure lineup with the Xpulse 210. In the scooter category, the company introduced the Xoom 125 and Xoom 160. Additionally, Hero showcased its first flex-fuel motorcycle, the ethanol-based Hero HF Deluxe, and presented the VIDA V2 e-scooter.

BMW India unveiled the BMW X1 Long Wheelbase All Electric at Auto Expo 2025, marking its first locally produced EV. Priced at ₹49 lakh, the SUV is powered by the eDrive20L drivetrain with 204 hp, 250 Nm torque, and a 531 km MIDC range.

Mercedes-Benz at the Global Expo launched its exquisite luxury BEV the EQS Maybach SUV 680 ‘Night Series’ priced at INR 2.63 Cr along with Maybach GLS 600 at INR 3.71 Cr.

Hyundai Motor India launched the much-anticipated Hyundai CRETA Electric at the Bharat Mobility Global Expo 2025, starting at an introductory price of ₹17.99 lakh.

At the Expo, MG Motors expands its NEV Portfolio with MG Cyberster and MG M9. Introduced under the newly launched luxury brand channel MG Select, these models exemplify the company’s vision of intelligent, sustainable, and customer-centric mobility.

Tata Motors has launched the All-New Tata Sierra at the Bharat Mobility Global Expo 2025. This modern iteration of the legendary vehicle combines timeless design with cutting-edge technology, embodying the perfect balance of style, functionality, and sustainability.

VE Commercial Vehicles unveiled the Eicher Pro X Range marking its entry into the 2-3.5T Small Commercial Vehicle (SCV) segment. This electric-first range, co-created with logistics leaders, redefines mid and last-mile logistics.

Kia India unveiled the new Kia EV6 at the Bharat Mobility Global Expo 2025. Equipped with the advanced ADAS 2.0 package featuring 27 cutting-edge safety and driver-assistance features.

Greaves Cotton Limited introduced premium variants of the Ampere Nexus, including the Race and Executive editions. The company also unveiled the ‘Xyber’ e-motorcycle, offering a certified range of up to 200 km per charge with fast-charging capability.

Porsche India unveiled two groundbreaking Battery Electric Vehicles (BEVs), the all-new Macan SUV and the updated Taycan sports saloon, showcasing the brand’s commitment to sustainability and innovation. The Macan BEV, available in three variants—Macan (₹1.21 Cr), Macan 4S (₹1.39 Cr), and Macan Turbo (₹1.69 Cr).

Škoda Auto India showcases a striking lineup of eight ICE and EV models from India and global portfolio. Products showcased were Škoda Kylaq, Škoda Kylaq (Accessorised), Škoda Kushaq Monte Carlo, All-new Škoda Kodiaq, All-new Škoda Superb, Facelifted Škoda Octavia vRS, Škoda Elroq, and the Škoda Vision 7S.

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Built on an all-new electric vehicle (EV) platform called ‘HEARTECT-E’, the electric vehicle is offered in two battery options 49 kWh and 61 kWh and covers a distance of over 500 km on a single charge, the company said in a statement.

Affirming its dedication to establish the country as a global hub of EV manufacturing, the company said the e-Vitara will be exported to over 100 countries, including key markets like Japan and Europe.

The price of the electric SUV, available in 10 colours with four dual-tone options, will be revealed later.

Toshihiro Suzuki, Representative Director and President of Suzuki Motor Corporation, said, “The leading automaker aims to make BEVs attractive to customers through a three-pronged strategy. The first is to develop BEV-dedicated platforms for optimum performance. The second is to develop the right products for the target markets based on customer requirements. The third is to take advantage of our global economies and concentrate manufacturing in one location for the world.” He said, “For this purpose, we have chosen India as the global manufacturing base because of our quality products and ability to scale. This is the Make in India vision of Prime Minister Narendra Modi.

The electric SUV is offered with an integrated display system, along with a twin-deck floating console and a 10-way power-adjustable driver seat, sliding and reclining rear seats and an advanced technology for safety.

According to Maruti Suzuki Managing Director and CEO Hisashi Takeuchi, the car has seven airbags (including driver side airbag) as standard and 60 features along with Level 2 Advanced Driver Assistance System. The e Vitara comes with highly-efficient battery pack options, which covers a distance of more than 500 km in 61 kWh on a single charge.

He said, “We have equipped the e Vitara with many premium and advanced features like Level 2 ADAS, integrated digital display and next-gen Suzuki Connect “The automaker is setting up 1,500 EV-enabled service workshops spread across over a thousand cities.

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Kumaraswamy said that he will inaugurate ‘India Mobility Global Expo 2025’. Where new vehicle models of many companies will be introduced. PM Modi himself is excited to see them.

He said, “PM Modi is going to inaugurate the mobility program. This is not just an inauguration, but I think he wants to personally see the vehicle models of the companies. This vehicle exhibition is in line with Prime Minister Modi’s vision of reducing carbon emissions in the country. We are encouraging the manufacturer to further promote electric cars.”

HD Kumaraswamy said that the demo of Mahindra’s vehicle has been shown, which is really very impressive. Their model is very good. In my experience, a new era of Make in India programme has begun, which was a dream of our Prime Minister Modi. I think we have finally succeeded now.

The ‘Bharat Mobility Global Expo’ will be held from January 17 to 22 at three different venues – Bharat Mandapam and Yashobhoomi in Delhi and India Expo Centre & Mart in Greater Noida, with more than nine shows and over 20 conferences.

The expo will also have state sessions to showcase policies and initiatives in the mobility sector, to enhance cooperation between the industry and the states, the Prime Minister’s Office (PMO) said in a statement.

This year the event will have a special emphasis on global importance, with exhibitors and visitors from across the world participating.

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The expo will be held from January 17 to 22 at three different locations, Bharat Mandapam and Yashobhoomi in Delhi and India Expo Center and Mart in Greater Noida, in which more than nine shows, more than 20 conferences will be organized.

The Prime Minister’s Office (PMO) said in a statement that apart from this, state sessions will also be organized in the expo to showcase policies and initiatives in the mobility sector, so that cooperation between the industry and the states can also be increased.

This year the event will have a special emphasis on global importance, in which exhibitors and visitors from all over the world will participate.

This expo is an industry-led and government-backed initiative, which is being coordinated by the Engineering Export Promotion Council of India (EEPC) in collaboration with various industry bodies and partner organizations.

According to the Society of Indian Automobile Manufacturers (SIAM), the wholesale sales of India’s automobile industry grew 11.6 percent year-on-year to 25 million units in 2024.

With these figures, India was the third largest car market in the world last year.

The two-wheeler segment has led the growth in 2024. The two-wheeler segment has grown by 14.5 percent last year as compared to 2023 and 19.5 million units have been sold.

Apart from this, the passenger vehicles and three-wheeler segments have also recorded the highest ever sales last year.

The passenger vehicles segment grew by 4.2 percent in 2024 as compared to the previous year and sales stood at around 43 lakh units. Three-wheelers grew by 6.8 percent in 2024 as compared to the previous year and sales stood at 7.3 lakh units.

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