India’s EV Exports Skyrocket to $369M, Europe Dominates

India’s electric vehicle exports reached $369 million in the first quarter of 2026-27, demonstrating a significant surge. Europe emerged as the primary destination for these shipments, underscoring India’s growing footprint in the global sustainable mobility sector.

This substantial growth represents a sharp increase from $22.2 million in the corresponding quarter of the previous fiscal year. The volume of exported electric vehicles also saw a considerable jump, indicating enhanced global competitiveness.

Key Export Figures

• Total Q1 2026-27 exports: $369 million
• Previous year’s Q1 exports: $22.2 million
• Shipment volume increase: from 1,309 units to 10,802 vehicles
• Spain’s imports: $146.4 million, nearly 40% of total exports
• United Kingdom’s imports: $78.7 million, a significant rise from negligible shipments

Spain led European imports, accounting for nearly 40% of India’s total electric car exports. The United Kingdom followed as the second-largest market, with imports valued at $78.7 million, up from negligible figures in the prior year’s first quarter.

Expanding Global Reach

• Other European markets: Germany, Norway, Denmark, Belgium, Netherlands
• Asia-Pacific markets: Japan, Israel, Australia, Singapore, Taiwan, South Korea
• Latin American opportunities: Brazil, Colombia, Chile, Costa Rica

Beyond the strong European demand, India also diversified its export base to include Asia-Pacific markets such as Japan and Australia, alongside new opportunities in Latin America. This expansion highlights a notable shift in India’s EV export profile, reflecting improving quality and safety standards in its manufacturing capabilities.