EVs are the hottest trend in India right now, considering their cost efficiency, operating cost, and overall performance. Supportive GOI policies and subsidies have led to the exponential rise in the number of Electric vehicles in India and EV Charging business profit.
India witnessed a growth of 149% in EV sales with 49,607 units in sales in 2022 compared to 2021. The rise in EV sales is likely to create a demand for EV charging stations in public spaces and expressways.

Nationwide EV charging station infrastructure development is the key to meeting GOI’s ambitious goal of EV adoption by 2030. To support the goal, India would need 29,34,000 EV charging stations, which is likely to create an investment opportunity of INR 20,630 crores. Considering the scenario, it is the best time to invest in the EV Charging station business in India.
Curious about the profit of the EV charging station business in India? We got you covered!
In this article, we have curated a detailed financial projection and revenue model for the EV charging station business in India. The profit margin in the EV charging station business in India is pretty high now, considering GOI’s goal of 2030.

Cost of EV charging in India
The tariff for new third-party-owned EV charging infrastructure shall be as per the AERC tariff order for utilities. But considering the nationwide tariff for EV charging the base EV charging cost would be 19/kW, for now.
EV charging tariff for Charge Point Operators (CPO) differs from state to state according to its EV policy. Most of the Indian states settled on a DISCOM tariff of Rs 5.75-6.76 per kW for EV charging (Published in the Handbook for EV charging infrastructure implementation). The demand charge for the low tension is set to 130/kW per month, whereas for the high tension is 160kVA per month.
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How do EV Charging stations make money?
Revenue generated and profit margin from an EV charging station depends on state-wise and investment in the charging station project. Currently, the EV charging station business is profitable in certain metro regions of India with a stronghold of EVs. Also, the profit from an EV charging station depends on the time utilized for charging an EV.
Profit in the electric vehicle charging station business in India is calculated based on the following assumptions:
- The vehicle being charged is a Tata Nexon EV with a battery capacity of 30kw
- The vehicle comes to the station in need of 25 kW of charge.
- Discom tariff being Rs 6/kW (approx) and Public EV charging cost 20kW
Description | Price |
---|---|
Discom tariff (25kWX6) | Rs. 150 |
Public EV charging cost (@20/kW)X25 | (-)Rs. 500 |
Profit | Rs. 350 |
Financial Projection for EV Charging station in India
Financial projections and revenue models for an EV charging station depending on the project type and the amenities provided. The minimum time required for charging an EV up to 70% with a fast charger is 50-60 mins. The waiting time for customers to charge their vehicles can be resourcefully utilized to generate further revenue. A small food kiosk or coffee shop will not just add to the revenue but also provides a place for customers to wait while charging.

Financial Projection and profit in an EV charging station in India are calculated based on two scenarios:
- Standalone slow & fast EV charger
- EV slow & fast charger along with food kiosk or coffee shop.
Revenue projection/profit and loss from an electric vehicle charging station:
The yearly revenue projection is calculated based on the following assumptions:
- Calculated on a yearly basis and 10 cars visit the EV charging station per day..
- Public charging cost is estimated to be 20/kW and the car arrives in need of 25kW of charge.
- EVSE costs Rs 60,000 per year.
- The number of incoming vehicles increases by 5 each year.
- Cost to charge 1 electric car up to 80% – 25kWX20= Rs 500
- DISCOM electricity cost to charge 1 electric vehicle = 25kWX6= Rs150
- Profit from charging one electric car up to 80% = Rs 350
Yearly Financial Projection
Yearly Financial Projection from an electric vehicle is calculated for Year 1, Year 2, and Year 3.
Metrics | Year 1 | Year 2 | Year 3 |
---|---|---|---|
EV Charging Tariff | Rs. 17,00,000 | Rs. 26,00,000 | Rs. 32,0,000 |
Discom Tariff | Rs, 5,30,000 | Rs, 8,10,000 | Rs. 10,80,000 |
Profit | Rs. 12,60,000 | Rs. 18,90,000 | Rs. 24,20,000 |
- Depreciation, wear and tear, and tax is not included.
- EV Charging business profit depends on variables like added manpower and extra infrastructure
Return on investment (ROI) from an EV charging station

Considering the nascent stage of EV adoption in India, people were very skeptical about the business in the EV-related industry in India. But post the adoption and general acceptance of EVs in India, EV stocks and EV-related business have become the hottest trend so far in the automotive sector of India.
ROI in the EV charging station business in India depends on the utility-based EV charging rates, the number of charging ports per station, charging power, as well as the presence of another EV charging station nearby.
ROI from an EV charging station business in India solely depends on the station infrastructure type. If CPOs invest to build added amenities in the charging station, the EV charging business is likely to offer a higher ROI compared to a stand-alone EV charger.
For the first year, the EV charging station business offers raw in-hand profit of Rs 12,60,000 to CPOs considering the worst-case scenario, which almost shoots up to 18 lakhs from the second month onwards.
EV charging is a highly profitable business in the present and future. It is a matter of patience and early investment into the sector until bigger fish arrives in the ocean of the EV charging business.
FAQ
Considering the current market scenario, an EV charging station in India makes around 10-14 Lakhs yearly in India.
The EV charging station business in India is highly profitable considering the few EV chargers compared to a large number of vehicles. Yearly, EV charging stations in India would make around 10-14 Lakhs.
Installing an EV charging station in India would cost around 12-18 Lakhs depending on the type of charger one wants to install and the infrastructure requirements.
- Revolution in the Indian Auto Market: Over 2 Million Electric Vehicle Sales in Six Years - February 6, 2023
- How to Set Up an EV Charging Station in India: Step by Step guide 2023 - February 4, 2023
- Total Energies Launched its Range of EV Fluids in India: Electric Vehicle Fluids - November 16, 2022
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I am interested please send me your’s company requirements and offer to my mail given below.
[email protected]
Hello Mr. Vaibhav,
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I am interested please send me your’s company requirements and offer to my mail given below.
[email protected]
Thank you for reaching out,
Kindly check your email for a detailed process to set up an electric vehicle charging station at your location.
regards
ecogears
I’m interested in setting up an EV station in Pune.
Please share details on the plan and how it can be accomplished.
Appreciate your help.
Thankyou for reaching out, Aditya
Kindly check your mail for all the details and necessary steps to install an electric vehicle charging station in India.
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ecogears
Please send me all the quotation about the business
Hello Mr. Rishav Yadav,
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Team Ecogears
i want to start the business in kerala , two places one in Kollam , another 10 klm down from munnar down .
Will it be good ! You are also doing business study the viability of this business in this areas . Please advice
Hello Mr. AJI PURUSHOTHAMAN
Glad you connected to us for your EV Charging station project.
The locations you choose are best for business in this domain.
We will assist you in every possible way to install an EV charging station in Kollam and Munnar.
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Team Ecogears
I am interested
Send me details at [email protected]
And if you are in Mumbai we can have a meeting?
Hello Mr. Sagar
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Hi Abhishek,
This a well thought plan. Is it possible to get the details on [email protected]. Thanks in advance.
Hello Sahil Choudhary,
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Hi there . This is thaveej here I’m interested in installing EV stations . How can I contact you . My mail [email protected]
Thank you for reaching out!
We have sent a curated step-by-step method to start the EV Charging station project.
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I am interested
Hello Owais,
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I am Intrested. Please email the details [email protected]
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Ecogears
I am really interested in setting up of EV charging station in Mumbai please send me more detailed report on [email protected]
Hello Mr. Abhishek Singh,
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Hey, Could you please share the quotation of installing a Charging station for Delhi NCR
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Ecogears
Plz send the full details about the land and machinery requirements and revenue model electric charging station in Rajasthan
Hello Dr. Nishant,
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As per your request, we have mailed you the details for land and machinery requirements for the electric vehicle charging station.
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Please send me quote for stand alone EV charging station on email
Location- Dombivli Thane
Hello Mr. Kunal Kumar Patel
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Hey, I am interested, can you send me a detailed structure please.
TIA,
Abhishek
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Hello,
My email id: [email protected]
Please share full guide to install electric vehicle charging station in Mumbai, Maharashtra and Madhya Pradesh
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Hi team
I am really interested in investing in this sector. I want to setup charging stations in Gurgaon.
Can you please forward all the details on
[email protected]
Hello Mr. Shubham,
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interested in doing this business.
Hello Mr. Rohan
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Hello team, i am keen to start multiple charging stations in madhya pradesh, please send me the details of setting up charging stations (Level 1,2 &3). [email protected]
Hello Mr. Anubhav
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Im planning To open… plese send complete details of investment… rules and regulation… manpower requirement and each and everything …!!!
Hello Mr. Rajesh
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Team ecogears
Pl send the details at [email protected]
Please check your email for the detailed guidelines
Mine is in Jamshedpur Jharkhand
Hello Mr. Harsh
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Good business send me details.
Hello,
Sambasivarao Alokam
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Hi, Very informative article and I am interested in knowing more about this business model and keen to start it in the near future. I look forward to hearing from you.
Hello Mr. Priyank
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Hello Sir,
Kindly send details to [email protected]
Location Kolkata
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Hello team, i am keen to start multiple charging stations in madhya pradesh, please send me the details of setting up charging stations (Level 1,2 &3), interested in setting up of EV charging station in Belgaum district of Karnatak state.
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Hello please send me the details of land requirements and estimated cost.Im in Trivandrum,Kerala
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Hello
Warm regards from team Ecogears!
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EV charging station in your locality over your email.
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Please send me details about setup of ev charging station.
[email protected]
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Im planning to open DC Fast Charger please send complete details of investment, rules and regulation. In case any hidden cost involved please do let me know.
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Interested please share the details
[email protected]
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Im planning To open in my parking lot. I have another house in mulund west, possession of which is in january 2023 and i will have two mor parking slots there. Since i have only car and 3 parking slots, i want to leverage this by using this business opportunity… please send complete details of investment, rules and regulations, manpower and MSEB requirement and subsidy benefits available!!!
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Please send me your quotation
Hello,
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Want to start in Pune. Please share all details to e-mail ID [email protected]
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I wanted to enquire about the procedure and requirements to estbalish a charging station. I want to enquire for Jharkhand
Hello Mr. Ayush
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Interested. Please share details.,
Regards,
Jas
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Team ecogears
Hi, this looks exciting. Could I please get more details on the requirements?
Hello,
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Team ecogears
Hey,
I’m from Haryana.
Need some guidance for installing EV charging station.
Hello,
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Team ecogears
Please share the ev charging station details
Hello Mr. Karthi
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team ecogears
Can you please share the details of the business model to my email
Regards,
Chaitanya Ramarao
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Hi
Could you please send me the details of EV charging station.
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HAI,IAM MURALITHARAN, POLLACHI, IAM INTERSTATED, PLEASE SHARE,THE,DETAILS
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HAI,IAM MURALITHARAN, POLLACHI, IAM INTERSTATED, PLEASE SHARE,THE,DETAILS
Hello Mr. Murlitharan
Warm regards from team ecogears!
Kindly check your email for a detailed guide to install an EV charging station in India.
For more details kindly refer: Apply EV Charger
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Team ecogears
I am interested in this opportunity. Please share me the necessary details.
Thanks
Aditya
Hello Mr. Aditya
Warm regards from team ecogears!
Kindly check your email for a detailed guide to install an EV charging station in Jharkhand.
For more details refer here: Apply for EV charger
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Team ecogear
Hi, I am interested In this opportunity, Can you please send me the details?
Thanks,
Raj.
Thank you for the response Mr. Raj
We will send the guide to set up an electric vehicle charging station at your premises to the email address you have provided. Kindly revert with us with your contact details
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Ecogears
Hi ,
I am interested in this opportunity, please send me the details to [email protected]
Thank you for the response
We will send the guide to set up electric vehicle charging station at your premises to the email address you have provided. Kindly revert with us with your contact details
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Ecogears
Hi,
This is Nitin Joshi and I am interested in EV charging station bussiness. Kindly send me more details on my below mail id:
[email protected]
Thank you for the response Mr. Nitin
We will send the guide to setting up EV charging station business on your premises to the email address you have provided. Kindly revert to us with your contact details
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Ecogears
Pkease share necessary details for setting up EV charging station in Noida, Faridabad
Thank you for the response
We will send the guide to the email address you have provided to set up an electric vehicle charging station in Noida, Faridabad. Kindly revert with us with your contact details
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Ecogears
Hello Sir
We’re interested in setting up a ev charging station at Sangli. Can you please send me details..
Regards
Neekhil
Thankyou for your response Mr. Neekhil
Kindly check your email for details to set up an electric vehicle charging station in Sangli.
Regards,
ecogears
Hi Abhishek,
Could you please share the details of the business model in my email?
I am interested in setting up units in Guwahati and some neighboring regions in Northeast of India
Best Regards,
Satyakam Baruah
Thankyou for your response,
Kindly check your email for details to set up an electric vehicle charging station in Guwahati.
We will be happy to help as one of our base is in Guwahati.
Regards
Ecogears
I am interested please send me your’s company requirements and offer to my mail given below.
My E-mail ID : [email protected]
Mobile : +91-9910555350
Thank you for the response
We have sent you a detailed guide to install electric vehicle charging station India. Kindly revert with us with your contact details
Regards,
Ecogears
Hello Abhishek,
I am interested in your project. Please send more information, including staff and land building projections and requirements. Thank you
Ray
Thank you for the response
We will send you a detailed guide for installing EV Charging station to the email address you have provided. Kindly revert with us with your contact details
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Ecogears
Thank you for the response
We will send you a detailed guide fro installing EV Charging station to the email address you have provided. Kindly revert with us with your contact details
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Ecogears
Hi,
I am interested in setting up an EV station in Shamshabad area near Hyderabad. Not sure of the viability yet but could you please send me the guide?
Thank you
Abdul Rahman
Thank you for the response
We will send the guide to the email address you have provided. Kindly revert with us with your contact details
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Ecogears
Hi
I’m interested in starting this project.
Please send me details
Regards
Neekhil
Thankyou for reaching out Neekhil
We will send the guide to the email address you provided. Please let me know if there’s anything specific you would like to include in the guide or if there’s any additional information you would like to receive.
I am interested to install EV charging station in Bhilai , Chhattisgarh . Please share necessary details
Thank you for reaching out!
Kindly check your email for detailed guidelines to set up an electric vehicle charging station business in India.
We have sent a curated step-by-step method to start the project in Bhilai, Chattisgarh
Regards,
Team Ecogears
Hi Abhishek,
I am interested in this project, Kindly send me the all necessary details at [email protected].
Thanks
Vinay Gautam
Hi Abhishek,
I am interested in this project, Kindly send me the all necessary details at [email protected]
Thanks
Vinay Gautam
Thankyou for reaching out,
Kindly check all the required details to install EV charging station in your email.
Regards,
ecogears
Hello sir,
I am interested. Kindly share the details.
Hello sir,
I am interested. Kindly share the details to proceed.
Thankyou for reaching out,
Kindly check your email for all the necessary details to start a EV Charging station
Regards,
Ecogears
I m interested in this business, please share necessary details to setup in Maharashtra
Thank you for reaching out!
Kindly check your email for detailed guidelines to set up an electric vehicle charging station business in India.
We have sent a curated step-by-step method to start the project.
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Team Ecogears
Hi, i want to know the requirements for a EV Carging station, could you please send me the related details.
Thank you for reaching out, Hemant
Kindly check your email for detailed guidelines to set up an electric vehicle charging station business in India.
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Team Ecogears
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