TL;DR
India's electric car exports surged to $369 million in Q1 FY27, with Europe becoming the leading destination, driven by significant demand from Spain and the UK.
India's electric car exports have demonstrated remarkable growth in the first quarter of the fiscal year 2026-27, with export earnings dramatically increasing to USD 369 million from USD 22.2 million in the previous year's corresponding quarter. This surge also saw shipments jump from 1,309 units to 10,802 vehicles, underscoring the escalating global competitiveness of India's electric mobility sector. The significant expansion highlights the international acceptance of Indian-manufactured electric vehicles (EVs) and solidifies the country's position as a crucial production hub for sustainable mobility solutions globally.
Europe has emerged as the primary destination for these Indian electric car shipments, with Spain leading as the largest market. Exports to Spain reached USD 146.4 million, accounting for nearly 40 percent of India's total EV exports in terms of both value and volume. The United Kingdom followed as the second-largest market, importing electric vehicles worth USD 78.7 million, a substantial increase from negligible shipments in the previous year. This diversification towards technologically advanced European markets signifies a notable shift in India's EV export profile.
