India, July 11 -- India's electric vehicle (EV) components market is expected to expand eightfold to around Rs 3.55 lakh crore over the next seven years, from Rs 41,000 crore in 2025, according to an industry report.

This forecast comes from the newly released 'India Electric Vehicle & Components Market Overview Report' by India Energy Storage Alliance and Customized Energy Solutions (CES), released at the India Energy Storage Week 2026 event in New Delhi.

The report pointed to the emergence of a dynamic domestic opportunity, as the EV component value chain becomes a central pillar in India's industrial and clean mobility ambitions, a statement said.

Vinayak Walimbe, Managing Director, Custom-ized Energy Solutions, said, "India's EV mo...