ICE cars dominate Indian market as electric vehicles lag behind
ByAinvest
Saturday, Jul 5, 2025 8:27 pm ET1min read
TM--
India's electric vehicle (EV) market remains sluggish, with nine out of ten cars sold in the first half of 2022 running on internal combustion engines (ICEs). The government's ambitious target for EVs to make up 30% of passenger vehicle sales by 2030 faces a wide gap between policy ambitions and market reality. Carmakers are hedging their bets, with only Toyota and JSW MG Motor bucking the trend, selling 55% and 81% of their sales as hybrids and electric vehicles, respectively.
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