1. Capacity Development – EV Charging Infra
As of December 2024, the total EV Public Charging stations in India stands
to be 25,202. Since July-Dec’2024 approximately 8858 EV PCS were installed
in the country. The total number of EV public charge points as of Dec’2024
hovers around 40,000 &the fast charging points stands to be approx.
16,000. 
2. Government Announcements & Achievements
Central Government
GoI is taking significant initiatives to boost EV charging infra establishments in the country. The recently announced PM e Drive scheme also aims to establish a robust network of public charging stations, including 22,100 fast chargers for e-4Ws, 1,800 for e-buses, and 48,400 for e2Ws and e-3W. The total outlay for CI under this scheme is INR 2000 crores
State Government
Till date 271 EV public charging stations have been installed in the state
of Chhattisgarh with Raipur (57) leading the pack of districts in the state.
In Aug’2024 The Raipur Municipal Corporation (RMC) has become the first
urban body in the country to undertake the development of fast EV
charging stations in collaboration with the Public Sector Undertaking
(PSU). 
Source: Eninrac Research, PIB
3. Market Insight
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i. Player wise capacity buildup updates
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Tata Power EV Charging Solutions to install 200 fast charging stations for electric commercial vehicles across – Mumbai, Delhi, Chennai, Bengaluru & Kolkata
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Jio-BP has completed the installation of 5000 EV charging points across 500 charging stations in India
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ii. Merger & Acquisition
- Exicom Tele-Systems acquires Australia charging company Tritium for USD 37 Million
- Promax Power acquires 20.8% stake in EV charging company Exirgy Innovations
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iii. Player wise key investment updates
- Servotech Power Systems to invest INR 100 crore in EV charger component manufacturing facility
- Terra Charge’s INR 5 crore investment brings 71 advanced chargers to Ghaziabad’s newest EV hub
- Leapfrog investments, invested USD 65 Million in Battery Smart for building battery swapping network in the country
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iv. Funding Updates
- Macquarie Asset Management (MAM) to invest USD 1.5 Billion in EV leasing & charging infra
- Kazam secures USD 8 Million funding to boost EV charging infra in India
- British International Investment (BII) funded USD 19 Million to CHARGE ZONE
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v. Tie-Ups
- Mufin Green & Exicom Partners to enhance EV Charging Infrastructure in India
- ChargeMOD ties up with HPCL for EV Charging
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Tata Motors teams with DELTA, Thunderplus to grow India’s EV charging
grid
4. Capacity Outlook
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EV Charging Infra Targets in Select Few States/UTs in India
India witnessed a capacity addition of approx. 15000 in EV charging
stations from CY 2023 to CY’2024. Assuming the same capacity addition YoY
till 2030, India may observe nearly 1.15 Lakh operational EV Charging
stations.
Source: Eninrac Research, State Press Release
