Off-Highway Electric Vehicles in India

Summary

Off-Highway Electric Vehicles in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2020-25, and forecast to 2030). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The off-highway electric vehicles market includes vehicles often intended for use on uneven and steep terrain. These vehicles can be open-air or enclosed, with large, threaded tires, caterpillar tracks, and a flexible suspension. The market scope includes both battery-powered and hybrid-powered off-highway electric vehicles. Also, the market scope covers electric excavators, loaders, tractors, trucks, etc.
The Indian off-highway electric vehicles market recorded a value of $196.1 million in 2025, representing a compound annual growth rate (CAGR) of 51.5% between 2020 and 2025.
The mining segment accounted for the market's largest proportion in 2025, with a total value of $100.0 million, equivalent to 51.0% of the market's overall value.
In 2025, the Indian off-highway electric vehicles market grew by 40.0%, attributed to an increase in the construction industry in India.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the off-highway electric vehicles market in India
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the off-highway electric vehicles market in India
Leading company profiles reveal details of key off-highway electric vehicles market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the India off-highway electric vehicles market with five year forecasts

Reasons to Buy

What was the size of the India off-highway electric vehicles market by value in 2025?
What will be the size of the India off-highway electric vehicles market in 2030?
What factors are affecting the strength of competition in the India off-highway electric vehicles market?
How has the market performed over the last five years?
What are the main segments that make up India's off-highway electric vehicles market?

1 Executive Summary

1.1. Market Value
1.2. Market Value Forecast
1.3. Category Segmentation
1.4. Geography Segmentation
1.5. Market Rivalry
1.6. Competitive Landscape

2 Market Overview

2.1. Market Definition
2.2. Market Analysis
2.3. Market Trends
2.4. Regulatory Landscape

3 Market Data

3.1. Market Value

4 Market Segmentation

4.1. Category Segmentation
4.2. Geography Segmentation

5 Market Outlook

5.1. Market Value Forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer Power
6.3. Supplier Power
6.4. New Entrants
6.5. Threat Of Substitutes
6.6. Degree Of Rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?

8 Company Profiles

8.1. Tata Motors Passenger Vehicles Ltd
8.2. Mahindra Electric Mobility Ltd
8.3. JCB India Ltd
8.4. Greaves Cotton Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry Associations
10.3. Related the Analyst Research
10.4. About the Analyst

List of Tables

Table 1: India Off-Highway Electric Vehicles Market Value: $ Million, 2020-25
Table 2: India Off-Highway Electric Vehicles Market Category Segmentation: % Share, By Value, 2020-25
Table 3: India Off-Highway Electric Vehicles Market Category Segmentation: $ Million, 2020-25
Table 4: India Off-Highway Electric Vehicles Market Geography Segmentation: $ Million, 2025
Table 5: India Off-Highway Electric Vehicles Market Value Forecast: $ Million, 2025-30
Table 6: Tata Motors Passenger Vehicles Ltd: Key Facts
Table 7: Tata Motors Passenger Vehicles Ltd: annual financial ratios
Table 8: Tata Motors Passenger Vehicles Ltd: key employees
Table 9: Mahindra Electric Mobility Ltd: Key Facts
Table 10: JCB India Ltd: Key Facts
Table 11: JCB India Ltd: key employees
Table 12: Greaves Cotton Ltd: Key Facts
Table 13: Greaves Cotton Ltd: annual financial ratios
Table 14: Greaves Cotton Ltd: key employees
Table 15: India Size Of Population (Million), 2021-25
Table 16: India Real GDP (Constant 2010 Prices, $ Billion), 2021-25
Table 17: India GDP (Current Prices, $ Billion), 2021-25
Table 18: India Inflation, 2021-25
Table 19: India Consumer Price Index (Absolute), 2021-25
Table 20: India Exchange Rate, 2020-25

List of Figures

Figure 1: India Off-Highway Electric Vehicles Market Value: $ Million, 2020-25
Figure 2: India Off-Highway Electric Vehicles Market Category Segmentation: $ Million, 2020-25
Figure 3: India Off-Highway Electric Vehicles Market Geography Segmentation: % Share, By Value, 2025
Figure 4: India Off-Highway Electric Vehicles Market Value Forecast: $ Million, 2025-30
Figure 5: Forces Driving Competition In The Off-Highway Electric Vehicles Market In India, 2025
Figure 6: Drivers Of Buyer Power In The Off-Highway Electric Vehicles Market In India, 2025
Figure 7: Drivers Of Supplier Power In The Off-Highway Electric Vehicles Market In India, 2025
Figure 8: Factors Influencing The Likelihood Of New Entrants In The Off-Highway Electric Vehicles Market In India, 2025
Figure 9: Factors Influencing The Threat Of Substitutes In The Off-Highway Electric Vehicles Market In India, 2025
Figure 10: Drivers Of Degree Of Rivalry In The Off-Highway Electric Vehicles Market In India, 2025

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Tata Motors Passenger Vehicles Ltd
Mahindra Electric Mobility Ltd
JCB India Ltd
Greaves Cotton Ltd

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