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Electric Vehicles, EV Cell & Battery Manufacturing

With a strong presence of prominent automobile and auto ancillary firms, Tamil Nadu is actively steering towards the electric and hybrid vehicle sector, spearheading the nation's electric vehicle revolution with the establishment of a resilient EV ecosystem.

~40%

of all electric vehicles sold in India are made in Tamil Nadu

10 million

Production capacity potential for electric 2 wheelers in Tamil Nadu

HIGHLIGHTS

  • The 2023 Electric Vehicle Policy of Tamil Nadu aims to encourage and promote investments within the state's electric vehicle EV industry.
  • Tamil Nadu has effectively drawn investments worth INR 16,000 crore into the EV sector, generating job opportunities for 26,000 people.
  • Tamil Nadu manufactures 70% of Electric - 2 Wheelers sold in India
  • Tamil Nadu has established itself as the foremost manufacturing centre for electric two-wheelers in India.
  • Ola Electric Mobility operates the world's largest electric scooter production facility, boasting an annual capacity of 2 million units, with an aim to raise production to 10 million by 2030.
  • The 'Hyundai Kona,' India's inaugural Completely Knocked Down (CKD) Electric Car, is assembled at the Hyundai Plant in Chennai.
  • The state actively supports startups in the electric vehicle (EV) sector by offering incubation services, which encompass office space, shared facilities, and mentoring assistance.

Active Investors

potential

Tamil Nadu aims to draw $7 billion (INR 50,000 crore) in investment for EV manufacturing, with the potential to generate 1.5 lakh jobs by 2025.

Tamil Nadu is projected to be the manufacturer of 30% of all Electric Vehicles sold in India by 2030.

The state possesses the capacity to produce an impressive 10 million electric 2-wheelers, which exceeds the current market size by twelvefold.

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