India Electric Vehicle Charging Station Market Size to Reach USD 1,105.2 Million by 2034 | CAGR of 6.88%

Introduction

According to IMARC Group's report titled "India Electric Vehicle Charging Station Market Size, Share, Trends and Forecast by Charging Station Type, Vehicle Type, Installation Type, Charging Level, Connector Type, Application, and Region, 2026-2034" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

India Electric Vehicle Charging Station Market Overview:

The India electric vehicle charging station market size was valued at USD 589.1 Million in 2025 and is projected to reach USD 1,105.2 Million by 2034. The market is expected to grow at a CAGR of 6.88% during the forecast period of 2026-2034. This growth is driven by rising EV adoption supported by government policies and expansion of charging infrastructure.

Key Takeaways:

• Current Market Size (2025): USD 589.1 Million
• Predicted Market Size (2034): USD 1,105.2 Million
• CAGR : 6.88%

• North India region leads the market with a 33.8% market share in 2024 due to urbanization and government support.
• DC charging dominated with 63.7% market share in 2024 owing to high-speed charging capabilities.
• Battery Electric Vehicles (BEVs) hold approximately 75.1% market share due to reliance on external charging.
• Level 3 chargers lead with a 58.7% market share because of fast charging benefits.
• Combined Charging Station (CCS) connectors accounted for 43.8% share due to flexibility and compatibility.
• Commercial applications account for nearly 79.2% share driven by electric fleets and public transport.

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Emerging Trends in India Electric Vehicle Charging Station Market:

The India electric vehicle charging station market is growing rapidly with the increase in electric vehicles, government initiatives, and private investment in infrastructure. The fast and ultra-fast charging infrastructure for electric vehicles deployed on highways, city corridors, and commercial areas is among the key trends in the market, as they can recharge electric vehicles in a fraction of the time and improve convenience.

Public-private partnership (PPP) is an important part of this, with energy companies, EV manufacturers and property companies bringing charging infrastructure to the people. This is leading to growing use of renewable energy to charge electric vehicles, with the grid, cost, and sustainability of charging improving. Technology has been improving the consumer experience, with features such as: smart charging, mobile-app based station locators, real-time station monitoring and oversight, and digital-payment system integrations.

Standardizing connectors and interconnecting charging networks is also an emerging trend. It will address both range anxiety and interoperability issues among networks. Another clear indication of a growth in the number of personal electric vehicle consumers and commercial and fleet operators is the adoption of electric vehicle charging stations in residential societies, workplaces, fleet depots, etc. Charging services for electric vehicles are maturing and digitizing in response to long-term objectives for clean mobility.

Key Growth Factors:

The India electric vehicle charging station market is poised for continued expansion, driven by favorable government initiatives, heightened awareness of environmental issues, and continuous investment to build out necessary infrastructure. The government has also committed to initiatives and incentives to entice international stakeholders into the industry, and strengthen domestic experience and credibility.

With the growth of electric 2W, 3W, passenger vehicles and commercial vehicles, there would be a rise in demand for EV charge points in urban and semi-urban locations. Other prominent developments such as fleet electrification in logistic, ride-hailing, and public transportation are expected to offer considerable growth opportunities for the charging station service providers. The decreasing battery costs, improvement of grid connectivity, and technological advancement in energy management systems are further driving the market.

As well there is an emerging subscription-based charging energy-as-a-service model, and opportunities for additional revenues, reliability, trust and transparency. There are also attractive opportunities in the hardware manufacturing, software platforms and installation and maintenance. The sector's growth is backed by solid fundamentals, high customer interest, and the nation's commitment to advancing sustainable mobility, and is the fastest growing segment in India's clean energy landscape.

Top Industry Players Accelerating India Electric Vehicle Charging Station Market:

• ABB Ltd.
• Ather Energy Limited
• Bolt.Earth
• BrightBlu
• ChargeZone
• Charzer
• Delta Electronics, Inc.
• Exicom
• GLIDA
• Jio-bp
• Statiq
• Tata Power Company Limited

Recent Developments & News:

• February 2025: TATA.ev plans to expand India's charging infrastructure to 400,000 points by 2027, including 30,000 public fast chargers and a 24/7 helpline to enhance accessibility.
• December 2024: Hyundai Motor India (HMIL) aims to establish 600 fast charging stations across India in seven years, focusing on highways and cities with 50 DC fast chargers initially.
• December 2024: ThunderPlus partners with Delta Electronics India to launch the first locally made fast chargers for two- and three-wheelers.
• April 2024: Terra Charge introduces two Made-in-India EV chargers, KIWAMI and TAKUMI, designed for fleet operators and premium properties with local components and advanced connectivity.

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India Electric Vehicle Charging Station Market Segmentation:

By Charging Station Type:

• AC Charging
• DC Charging
• Inductive Charging

By Vehicle Type:

• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)

By Installation Type:

• Portable Charger
• Fixed Charger

By Charging Level:

• Level 1
• Level 2
• Level 3

By Connector Type:

• Combines Charging Station (CCS)
• CHAdeMO
• Normal Charging
• Tesla Supercharger
• Type-2 (IEC 621196)
• Others

By Application:

• Residential
• Commercial

Regional Insights:

• North India
• West and Central India
• South India
• East India

Key Highlights of the Report:

• Comprehensive quantitative analysis of market segments and trends from 2019 to 2033.
• Detailed forecasting and regional market mapping revealing leading and fastest-growing markets.
• Porter's five forces analysis assessing industry competition and market attractiveness.
• Insightful competitive landscape detailing major players and their market positions.
• Coverage of government initiatives, technological advancements, and investment trends.

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Note: If you require any specific information not covered within this report's scope, we will provide it as part of the customization.

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