IESA Welcomes SPMEPCI, IESW To Host Global EV Giants

In a significant development for India’s electric vehicle (EV) landscape, the India Energy Storage Alliance (IESA) has welcomed the recently announced Special Policy for Manufacturing of Electric Passenger Cars in India (SPMEPCI), lauding it as a visionary step that aligns with the country’s broader ambition to emerge as a global EV manufacturing hub. As the Indian electric mobility sector rapidly evolves, industry leaders and stakeholders are gearing up for the 11th edition of the India Energy Storage Week (IESW), scheduled to be held from July 8 to 10, 2025, at the Yashobhoomi Convention and Expo Centre, New Delhi.

IESW 2025 is expected to be a landmark event, bringing together more than 150 key partners and exhibitors and attracting over 1,000 companies from across the globe, including Australia, Germany, France, the U.K., Finland, Canada, the U.S.A., Israel, and South Korea. The event is projected to draw the participation of over 200 domestic and international electric car manufacturers, who will explore partnerships, showcase innovations, and collaborate on building a resilient and forward-looking electric mobility ecosystem in India.

India’s electric vehicle sector, particularly in the two-wheeler (e-2W) and three-wheeler (e-3W) segments, has witnessed exponential growth in recent years. According to research by Fortune Business Insights, the Indian EV market is forecast to reach USD 117.78 billion by 2032, growing at a compound annual growth rate (CAGR) of 22.4%. This momentum has been primarily driven by progressive government initiatives such as the Production Linked Incentive (PLI) schemes for the automotive and advanced chemistry cell (ACC) battery sectors, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, and the PM e-Drive policy.

Now, with the introduction of SPMEPCI, attention has turned to strengthening the electric four-wheeler (e-4W) segment — a move that could position India as a competitive player in the global EV passenger car market. Industry leaders believe that the policy’s strategic structure—offering custom duty concessions tied to investment thresholds and domestic value addition milestones—will create fertile ground for both multinational and local companies to thrive.

Gurusharan Dhillon, Director of eMobility at Customized Energy Solutions (CES), remarked that SPMEPCI offers a well-rounded approach by integrating incentives with obligations such as engineering R&D, software development, product testing, and charging infrastructure. He noted that this would not only ease the introduction of advanced global EV technologies into the Indian market but also foster indigenous manufacturing and supply chain development. “These elements are crucial for building a self-reliant and globally competitive EV ecosystem,” Dhillon stated.

The IESA, a membership-driven alliance comprising stakeholders from across the energy storage and eMobility value chains, is playing a pivotal role in fostering dialogue, innovation, and collaboration. The alliance is actively engaging with national and international participants, encouraging investment in R&D, and advocating for clean and sustainable transportation solutions. Through platforms like IESW, it aims to accelerate India’s transition towards an electrified and energy-secure future.

IESA President Debmalaya Sen emphasized that while SPMEPCI is a revolutionary initiative, its real impact will be realized over time as investments begin to flow and projects mature. “This is a long-term vision that aligns with Prime Minister Narendra Modi’s broader industrial transformation agenda. At IESW, we expect to see the convergence of world-class innovations, technology transfers, and foreign investments that can take our industry to new heights,” Sen said.

IESA is also forging regional collaborations with states like Gujarat, Odisha, Telangana, and Chhattisgarh to enhance the reach and impact of IESW 2025. These partnerships aim to boost the local ecosystem by facilitating skill development, localized manufacturing, and policy implementation, thereby strengthening the national EV mission from the ground up.

The 11th edition of India Energy Storage Week is set to serve as a melting pot of ideas, investment opportunities, and technological exchange. From energy storage solutions and green hydrogen to electric mobility and renewable integration, the event will span the entire clean energy spectrum. With high-level representation from governments, industry leaders, startups, and researchers, IESW 2025 promises to be a transformative milestone in India’s journey towards a cleaner, greener, and self-sufficient mobility future.

As India continues to gain traction as a global destination for electric vehicle innovation and manufacturing, the confluence of proactive policies like SPMEPCI and industry platforms like IESW will be instrumental in driving sustainable economic growth and technological leadership.