TL;DR
India aims to become a global EV export hub, targeting $1 billion in quarterly EV exports after reaching $369 million in Q1 2026.
India's electric vehicle industry is rapidly gaining global prominence, with electric car exports reportedly reaching approximately $369 million in the first quarter of 2026. Dr. Rajeev Mishra, President of the International Federation of Electric Vehicle Association (IFEVA), expressed optimism, stating that India's 'Make in India' initiative is evolving into 'Made for the World.'
Dr. Mishra emphasized that India's EV ambitions extend beyond domestic sales, aiming to transform the country into a global EV Manufacturing, Technology, Innovation, and Export Hub. The focus for India's next growth phase will include EV manufacturing, batteries, power electronics, components, charging infrastructure, R&D, and skill development to integrate into the global supply chain.
