Building Charging Stations: A Smart Move by Maruti Suzuki Ahead of its Launch
India’s charging stations will see a growth in its market as Maruti Suzuki India gears up to launch its first electric vehicle, midsize SUV named Concept eVX, it also plans to build 25,000 EV charging stations across the country which will cover the lack of charging stations and the obstacles faced by the EVs consumers. The price of new model is to be expected to range between Rs 20-25 lakh and Maruti has set a target of selling 3,000 units within the first three months of its release.
Electric Vehicle Charging Station Market Size
“The detailed report by Precedence Research on ‘Electric Vehicle Charging Station Market’, the electric vehicle charging station market size accounted for USD 44.52 billion in 2024 and it is projected to hit around USD 344.61 billion by 2032 with a remarkable CAGR of 29.1% from 2023 to 2032.”
By 2030, India needs to build 1.32 million electric vehicle charging stations since the country aims to utilize one charging station for 40 electric vehicles. The eVX comes with 60 kWh battery pack and will offer range up to 500 km in one single charge. Ministry of Power had introduced Fast Charging Stations (FCS) meant for utilization for long range EVs or heavy duty EVs which were provided with two chargers of 100 kW (200-750 V or higher). Suzuki wants to use its connections it has over 5,100 service centres across 2,300 cities and plans to convenience oil marketing firms and energy companies to develop a strong charging infrastructure.
The first batch of the eVX will be launched in Europe and then in India and according to the statement of Maruti Suzuki India’s Chairman, RC Bhargava, the massive production of new model will begin in in FY26. Under the Ministry of Heavy Industries (MHI), FAME-II schemes inter-alia is providing Public Charging Infrastructure to support and promote the use of EVs. India has 12,146 public EV charging stations operating across the nation.
Top 10 States with Public Charging Stations in India
| S. No. | State Name | No. of Operational PCS |
| 1 | Delhi | 1886 |
| 2 | Andhra Pradesh | 327 |
| 3 | Karnataka | 1041 |
| 4 | Maharashtra | 3079 |
| 5 | West Bengal | 318 |
| 6 | Kerala | 852 |
| 7 | Gujrat | 476 |
| 8 | Madhya Pradesh | 341 |
| 9 | Punjab | 158 |
| 10 | Rajasthan | 500 |
Similar to the prior development of infrastructure ahead of their launch, EV market leader Tata Motors had set up 5,600 public charging stations and Tata Power Renewable Energy had established over 101,924 home charging points.
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According to the recent studies done by Precedence Research, India’s electric vehicle (EV) charging infrastructure is expanding at an impressive rate, driven by increased government initiatives and rising consumer demand. As of 2022, the country boasted more than 5,000 public EV charging stations, a number that is set to grow rapidly in the coming years. The Indian government, under its FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme, approved the installation of 2,636 EV charging stations across 62 cities, aiming to support the expected increase in EV adoption. Additionally, 400,000 private electric vehicle chargers were recorded in 2022, mostly for two- and three-wheelers.
Private companies are also playing a pivotal role in expanding this infrastructure. For example, Tata Power operates over 3,000 charging points across various cities in India, with plans to reach 25,000 charging points by 2025. Furthermore, Indian Oil Corporation has announced its commitment to set up 10,000 EV charging stations by 2024.
India’s National Highways Authority also announced plans to set up charging stations every 40-60 kilometers on national highways, which will make long-distance travel easier for EV users. With 100% electrification of major highways expected by 2030, the electric vehicle charging infrastructure in India is primed for explosive growth, reflecting the nation’s ambition for a cleaner, greener future.
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