TL;DR
Lesser-known Indian tech firms are crucial to the country's $164 billion EV market expansion, driving innovation in powertrain components, battery materials, and software, supported by government policies.
While major players like Tesla and Tata Motors often dominate headlines, a cohort of lesser-known Indian tech firms are quietly playing a pivotal role in propelling India's electric vehicle (EV) market towards an estimated $164 billion valuation by 2033. These 'hidden tech titans' are driving innovation in critical areas such as electric powertrain components, advanced battery materials, and sophisticated software for vehicle management and charging infrastructure.
The explosive growth of India's EV sector is significantly bolstered by proactive government policies, including the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme, which provides crucial financial incentives and infrastructural support. This environment fosters innovation, allowing these engineering powerhouses to develop end-to-end solutions, from renewable system design to advanced energy storage technologies, positioning them at the forefront of India's sustainable and green technology revolution.