What moves on this corridor.
India exports → EU
Growing rapidly — EV powertrain components (motors, motor controllers, OBCs — On-Board Chargers); battery management systems (BMS); EV structural components (chassis, body panels — Tata, Mahindra supply chains); EV wiring harnesses and connectors; EVSE (Electric Vehicle Supply Equipment — charging infrastructure components); battery cell casings and modules; semiconductor-free EV control units
Top India states: Maharashtra (Pune — Tata Motors EV, Mahindra Electric; BMS suppliers), Karnataka (Bangalore — Ather Energy, Ola Electric, EV startups), Gujarat (Rajkot/Sanand — Tata EV Nexon assembly; Suzuki India EV 2025), Tamil Nadu (Chennai — Hyundai Ioniq 5 India; EV 2W manufacturing hub), Rajasthan (Bhiwadi — EV component manufacturers)
EU exports → India
EUR 3.2B committed (2023–2025) — EV technology transfer (Volkswagen Group India EV plans — Skoda, VW, Audi EVs from India 2026); Bosch EV powertrain components for India OEM supply; Continental EV electronics; Webasto charging solutions; BorgWarner eTrucks India; battery cell technology (BASF, NANOFILM — cathode materials for India battery gigafactories)
Growth rate
+150% CAGR India EV sales (2020–2024) · Battery cell demand +200% CAGR · EV charging infrastructure +120% CAGR · India EV export ambition: USD 1B by 2027
FTA duty impact
EV tariff structure is complex. India currently imposes: 100% BCD on imported CBU (completely built-up) EVs (phased reduction proposed). 15–25% BCD on EV CKD/SKD kits. EU MFN on Indian EV exports: cars (HS 8703.80) 10% → 0% (Year 7 FTA for EVs specifically — sensitive sector). EV components (motors, controllers, BMS) — EU MFN 0–2.7% → 0% (Year 3–5). Battery cells (HS 8507.60): EU MFN 2.7% → 0% (Year 3). CBAM does NOT currently apply to EVs or batteries — a key advantage for Indian EV exports.