In the first quarter of the 2026-27 fiscal year, India's electric vehicle exports showed significant growth. According to the Ministry of Commerce data, export revenue increased to $369 million, compared to $22.2 million in the same period last year. The number of exported vehicles also rose from 1309 to 10,802 units.
Europe established itself as the main market for Indian electric vehicles, with Spain taking the lead. Exports to Spain amounted to $146.4 million, accounting for about 40 percent of the total export volume. 4007 electric vehicles were sent to Spain, making it the largest market both in value and quantity.
The UK ranked second, receiving vehicles worth $78.7 million. If only one car was sent to the UK during this period last year, that number grew to 2646 this year.
Demand for Indian electric vehicles also increased in several other European countries. Exports to Germany totaled $25.1 million, to Norway $21.1 million, and to Denmark $21 million. Additionally, vehicles were sent in sufficient quantities to Belgium, the Netherlands, Greece, Italy, Sweden, and Poland.
In addition to Europe, India increased its exports to the Asia-Pacific region. $13.4 million was directed to Japan, $2.8 million to Israel, and $2.7 million to Australia; vehicles were also sent to Singapore, Taiwan, and South Korea. Furthermore, an export of $8.1 million was made to the neighboring country Nepal. New markets opened up in Latin America, such as Brazil, Colombia, Chile, and Costa Rica.
