Hybrid & Electric Cars in India

June 2026 | 46 pages | ID: I8652E052B86EN
MarketLine

Abstracts

Summary

Hybrid & Electric Cars in India industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP), and the market volume is given in terms of units sold.
• The Indian hybrid & electric cars market recorded a value of $9,697.3 million in 2025, representing a compound annual growth rate (CAGR) of 119.2% between 2020 and 2025.
• Market consumption volume increased with a CAGR of 125.4% between 2020 and 2025, reaching a total of 337,707.0 units in 2025.
• In 2025, the Indian hybrid & electric car market value grew by 61.9% on an annual basis, driven primarily by the strategic implementation of pivotal federal frameworks like the Production Linked Incentive (PLI) Scheme and the transition to the PM E-DRIVE scheme, which established clear energy-efficiency targets and unlocked key manufacturing subsidies for compliant automakers.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the hybrid & electric cars market in India
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in India
• Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the India hybrid & electric cars market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the India hybrid & electric cars market by value in 2025?
• What will be the size of the India hybrid & electric cars market in 2030?
• What factors are affecting the strength of competition in the India hybrid & electric cars market?
• How has the market performed over the last five years?
• How large is India’s hybrid & electric cars market in relation to its regional counterparts?

Contents

1 EXECUTIVE SUMMARY

1.1. Market Value
1.2. Market Value Forecast
1.3. Market Volume
1.4. Market Volume Forecast
1.5. Category Segmentation
1.6. Geography Segmentation
1.7. Market Rivalry
1.8. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape

3 MARKET DATA

3.1. Market Value
3.2. Market Volume

4 MARKET SEGMENTATION

4.1. Category Segmentation
4.2. Geography Segmentation

5 MARKET OUTLOOK

5.1. Market Value Forecast
5.2. Market Volume Forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of leading players?
7.4. What are the recent developments in the market?

8 COMPANY PROFILES

8.1. Tata Motors Ltd
8.2. BYD India Pvt Ltd
8.3. Toyota Motor Corp
8.4. Hyundai Motor India Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry Associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: India hybrid & electric cars market value: $ million, 2020-25
Table 2: India hybrid & electric cars market volume: units, 2020-25
Table 3: India hybrid & electric cars market category segmentation: % share, by value, 2020-25
Table 4: India hybrid & electric cars market category segmentation: $ million, 2020-25
Table 5: India hybrid & electric cars market geography segmentation: $ million, 2025
Table 6: India hybrid & electric cars market value forecast: $ million, 2025-30
Table 7: India hybrid & electric cars market volume forecast: units, 2025-30
Table 8: Tata Motors Ltd: Key Facts
Table 9: BYD India Pvt Ltd: Key Facts
Table 10: Toyota Motor Corp: Key Facts
Table 11: Toyota Motor Corp: Annual Financial Ratios
Table 12: Toyota Motor Corp: Key Employees
Table 13: Hyundai Motor India Ltd: Key Facts
Table 14: Hyundai Motor India Ltd: Annual Financial Ratios
Table 15: Hyundai Motor India Ltd: Key Employees
Table 16: India Size of Population (Million), 2021-25
Table 17: India Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 18: India GDP (Current Prices, $ Billion), 2021-25
Table 19: India Inflation, 2021-25
Table 20: India Consumer Price Index (Absolute), 2021-25
Table 21: India Exchange Rate, 2020-25

List Of Figures

LIST OF FIGURES

Figure 1: India hybrid & electric cars market value: $ million, 2020-25
Figure 2: India hybrid & electric cars market volume: units, 2020-25
Figure 3: India hybrid & electric cars market category segmentation: $ million, 2020-25
Figure 4: India hybrid & electric cars market geography segmentation: % share, by value, 2025
Figure 5: India hybrid & electric cars market value forecast: $ million, 2025-30
Figure 6: India hybrid & electric cars market volume forecast: units, 2025-30
Figure 7: Forces driving competition in the hybrid & electric cars market in India, 2025
Figure 8: Drivers of buyer power in the hybrid & electric cars market in India, 2025
Figure 9: Drivers of supplier power in the hybrid & electric cars market in India, 2025
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in India, 2025
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in India, 2025
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in India, 2025