Key Highlights:
Robotic and automated manufacturing systems for logistics and material handling, fabrication and painting, assembly, and quality control are installed in EV production facilities in India. It is going to improve the overall capacity of electric vehicle production in India.
Apart from catering to domestic demand, India is entering the market for electric vehicle exports. In the upcoming years, India will be the major electric vehicle exporter.
In this blog, we will learn how much EVs are exported from India, major export destinations, and the electric vehicle industry size.
All the mentioned insights in this blog will help get an idea of India’s position in EV export.
The number of electric vehicles sold in India increased by 49.25% to 1.52 million units in 2023.
As per the report by Fortune Business Insights, the Indian electric vehicle market is expected to grow at a 66.52% compound annual growth rate (CAGR) from US$ 3.21 billion in 2022 to US$ 113.99 billion by 2029.
Tata Motors accounted for 72% of the domestic electric vehicle market in 2023, followed by MG Motors (10.8%) and Mahindra (9%). The MG ZS, Mahindra XUV400, and Tata Motors' Tiago, Nexon, and Tigor were the best-selling models. Citroen's eC3 EV, with a 3.5 percent market share, comes next.
Robotic and automated manufacturing systems for logistics and material handling, fabrication and painting, assembly, and quality control are installed in EV production facilities in India. It is going to improve the overall capacity of electric vehicle production in India.
Currently, India is not a net exporter of electric vehicles. However, industry analysts predict that during the next four to five years, electric vehicles export from India will surpass the yearly milestone of roughly one million units.
Even if domestic EV penetration may only reach 10-15 percent, at that time, exports of electric vehicles are probably going to make up 25-30 percent of all automobiles shipped from the nation.
Many insiders claim that practically all of the major automakers, including domestic automakers like Citroen, Jeep, MG Motor India, Hyundai Motor India, and Maruti Suzuki, have set their sights on exporting their cars abroad.
According to the most recent data from the Department of Commerce, Export Import Data Bank, India's electric vehicle (EV) export market expanded by 26.3% in the first seven months of 2023, driven by robust demand from Nepal and growing interest from European countries.
According to electric vehicle export data, in 2023, electric vehicle exports from India reached an astounding INR 21,391.40 lakhs, up from INR 7,988.62 lakhs in 2022.
For Indian EVs, Europe has become a thriving market. From 2022 to 2023, France's share increased exponentially, from INR 168.47 lakhs to INR 2,367.27 lakhs. Even though it began at a low of INR 85.35 lakhs in 2022, Germany also saw a sharp increase to INR 343.28 lakhs in 2023.
India's EV sales almost doubled in 2023, making up 2% of all passenger car sales. Sales of EVs are expected to increase by 66% in 2024, accounting for 4% of all passenger car sales.
India sold 38.7K electric vehicles in 2022, according to data on electric vehicle exports.
The electric vehicles HS code is 870380. This code applies to all electrically powered vehicles, including electric three-wheelers.
Based on electric vehicle export data, the average value of an electric vehicle export from India in 2022 was $5,000.
Exports of electric vehicles in India are currently quite tiny, but they are growing rapidly. Please visit our data-driven platform, Seair Exim Solutions, for the most up-to-date and accurate HS Codes for electric vehicles.
Here is a table of export data of electric vehicles month-wise for the years 2022 and 2023.
| Months | Export value of 2022 (in INR lacs) | Export value of 2023 (in INR lacs) | Growth |
| Jan | 1492.93 | 6,543 | 338.33% |
| Feb | 1343.15 | 3635.61 | 170.68% |
| March | 1589.91 | 4180.76 | 162.96% |
| April | 1424.49 | 3599.26 | 152.67% |
| May | 231.81 | 6254.72 | 2598.16% |
| June | 1697.1 | 777.71 | -54.17% |
| July | 1273.97 | 1498.54 | 17.63% |
Let’s analyze the graph below:
Now, explore the top markets for electric vehicle export from India!
In Europe, the market for electric vehicles in India has expanded dramatically. Between 2022 and 2023, France's market share grew rapidly, rising from INR 168.47 lakh to INR 2367.27 lakh.
As per electric vehicle export data, from INR 85.35 lakh in 2022 to INR 343.28 lakh in 2023, even Germany had a notable rise.
Nepal and a few European countries, like France and Germany, which have become steady and expanding export markets, were the main drivers of demand for Indian EVs.
One more addition that left a big impression in 2023 includes Australia, Guatemala, Brazil, and Vietnam. The 2023 list did not include those countries that had previously expressed interest in 2022, such as the US, Canada, New Zealand, Portugal, and the Maldives.
Let us examine the list of all the top nations to which electric vehicles export from India:
It is time to talk about India's leading exporters of electric cars!
Maruti Suzuki, Hyundai Motor India, Tata Motors, and Mahindra & Mahindra are among the companies that have already committed to investing over Rs 10,000 crore in electric vehicles in India in the future.
Here is the list of leading Indian electric vehicle exporters, based on electric vehicle export data:
To meet the growing demand worldwide, these are the top Indian exporters of the electric vehicle industry. Furthermore, India is home to a large number of reliable and authentic exporters of various automobiles, including electric vehicles. Get in touch with them by visiting Eximpedia.app to access data on electric vehicle export by country, the detailed list of electric vehicles HS codes, and much more. Also get US import and export data
Here is the list of top electric vehicles exporting countries in the world:
| S.No. | Top Electric Vehicles Exporting Countries | Electric Vehicles Export Data |
| (Export value in USD) | ||
| 1 | Germany | $40.1 billion |
| 2 | China | $34.1 billion |
| 3 | Belgium | $18 billion |
| 4 | South Korea | $14.3 billion |
| 5 | Japan | $7.7 billion |
| 6 | United States | $7.26 billion |
| 7 | Spain | $5.21 billion |
| 8 | Czech Republic | $4.7 billion |
| 9 | United Kingdom | $3.7 billion |
| 10 | France | $3 billion |
Let’s analyze the graph below:
These are the top electric vehicle exporting countries. Of all of these, Germany is the largest exporter of electric vehicles. Get country-specific electric vehicle export data to find out more about Germany's electric vehicle market or exports.
Additionally, contact our dedicated data-driven portal, Eximpedia.app, if you need statistics on electric vehicles exported from India, free import export data online, electric vehicles HS codes, or electric vehicles exporters in India.
Also read: The Growth of Electronics Exports from India
The most up-to-date and precise electric vehicles export data is available on Eximpedia.app. Discover the possibility of electric vehicles export from India by using our extensive dashboard. which contains the most recent insights of the electric vehicle industry, electric vehicles HS codes, and electric vehicles export from India.
To help you look into the demand for electric vehicles in India and abroad, we also keep an export database for electric vehicles. You can get assistance with shipping, customs clearance, and documentation from our team of experts. To succeed globally, start an electric vehicle export company right away! To start off, click here.
In conclusion, there is a lot of potential for India to export electric vehicles (EVs). The time has come to produce high-quality electric vehicles in India that can compete globally, thanks to a vast pool of skilled engineers and designers.
It is evident from real-time statistics on electric vehicles export from India that the nation has the capacity and resources to become a major exporter of electric vehicles. The Indian electric vehicle industry has the potential to significantly expand its market share globally and take advantage of the growing demand for electric vehicles (EVs) by leveraging government support, exploring real-time electric vehicles export data, optimising export procedures, implementing effective marketing strategies, and offering excellent post-purchase support.
Q1. Which is the largest selling EV in India?
Tata Nexon EV is the largest selling electric vehicle in India. Other top-selling electric cars are the Mahindra XUV400 EV and MG Windsor EV.
Q2. What is the future of the electric vehicle market?
The global electric vehicle market size was valued at USD 500.48 billion in 2023 and is projected to grow from USD 671.47 billion in 2024 to USD 1,891.08 billion by 2032, expected to grow at a CAGR of 13.8%.
Q3. What is the HS code for EV vehicles?
The electric vehicles HS code is 870380. This code applies to all electrically powered vehicles, including electric three-wheelers.
Q4. Who is the largest importer of EVs?
The United States was the world's largest importer of electric vehicles (EVs) by 2023, with imports of battery, hybrid, and plug-in hybrid EVs totalling US$19 billion, US$17.8 billion, and US$6.9 billion.
Q5. Who is the largest exporter of EV vehicles?
Germany exported electric vehicles worth $40.1 billion in 2023-24, making the nation the largest exporter of EVs in the world.
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