India is making significant strides in positioning itself as one of the world’s largest electric three-wheeler (e-3W) markets. In a remarkably short period, it has become a major player in the electric two-wheeler (e-2W) market. This commendable achievement has been fueled by transformative government policies such as the PLI Auto, PLI ACC, FAME, and PM e-Drive, which focus on stimulating both demand and supply and establishing an EV ecosystem.
According to Fortune Business Insights, the Indian electric vehicle market is projected to reach USD 117.78 billion by 2032 at a CAGR of 22.4%. Amid these developments, the government’s EV Manufacturing Guidelines under SPMEPCI are commendable, says the leading industry body India Energy Storage Alliance (IESA) applauding the scheme. The upcoming IESW (India Energy Storage Week) 2025 aligns with this ambitious goal and is projected to attract over 200 domestic passenger car manufacturers and international electric vehicle (EV) makers to bolster India’s vision of becoming a global manufacturing hub.
The focus of SPMEPCI on the electric four-wheeler (e-4W) segment will undoubtedly help the Indian electric passenger car market play a larger role in the global EV landscape. With an ambitious goal to further enhance the government of India’s vision for EV, Energy Storage, Green Hydrogen, and Renewable Energy industries, IESA will also host the 11th edition of IESW (India Energy Storage Week) from July 8 to July 10, 2025. More than 150 key partners, exhibitors, and over 1,000 companies from Australia, Germany, France, the U.K., Finland, Canada, the U.S.A., Israel, and South Korea are expected to participate in the IESW 2025 event at the Yashobhoomi Convention and Expo Centre in New Delhi.
Gurusharan Dhillon, Director of eMobility at Customized Energy Solutions (CES), praises SPMEPCI for its strategic approach. He says, “SPMEPCI strikes a strategic balance between custom duty concessions linked to Investment, defined Domestic Value addition milestones, and the inclusion of the scope of Engineering Research & Development, Software, Testing, and Charging Infrastructure. These elements are crucial in facilitating the introduction of advanced global technologies, nurturing indigenous manufacturing capabilities, and building a robust supply chain ecosystem within India.”
As a membership-driven organization, the India Energy Storage Alliance is dedicated to collaborating with stakeholders to explore opportunities in research and development, the manufacturing of E-Mobility technologies, and advocating for the adoption of clean transportation in India. The alliance looks forward to engaging with interested parties to successfully navigate the Indian EV ecosystem.
Mr. Debmalaya Sen, President, India Energy Storage Alliance (IESA) emphasized, “SPMEPCI is a revolutionary step and will strengthen Prime Minister Narendra Modi’s vision for industrial-transformation. However, real progress may take time for which we need an inflow of investments. Through IESW, we will witness the convergence of world-class innovations and foreign investments that will drive our industry forward.”
IESA is also collaborating with Gujarat, Odisha, Telangana, and Chhattisgarh for the event that aims to enhance the overall quality and functionality of the existing ecosystem by pioneering groundbreaking solutions and innovations that can reshape the industry’s landscape at IESW 2025.
About India Energy Storage Alliance (IESA)
The India Energy Storage Alliance (IESA) is a premier industry body dedicated to promoting energy storage, e-mobility, and green hydrogen adoption in India. IESA works with policymakers, industry stakeholders, and research institutions to accelerate market development through policy advocacy, business networking, and thought leadership.
