Electric Vehicles (EV) sales in India to cross 9 million units by 2027.

July 28, 2022

EV sales in India is all set to cross 9 million units by 202 by 2027 says a new report by IVCA-EY-IndusLaw.
The Indian Private Equity and Venture Capital Association (IVCA) launched a report on “Electrifying Indian Mobility” in Mumbai, in partnership with EY and IndusLaw.
According to, the Indian Private Equity and Venture Capital Association (IVCA), a total of $1.7 billion has been invested by private equity and venture capitals in the Indian electric vehicle (EV) industry in 2021.
According to IVCA President Rajat Tandon, a sum of $1.7 billion was invested by private equity funds and venture capitalists in the Indian EV sector in 2021.
However, during 2022, the investment has touched $66 million so far as per IVCA President.
It estimated that the Indian EV industry is set to create over 10 million direct and 50 million indirect jobs by 2030.