India-Malaysia trade stood at US $20.0 billion in the financial year 2023–24, with Indian exports to Malaysia totalling around US $7.26 billion and imports from Malaysia at approximately US $12.75 billion. India aims to grow this to US $25 billion over the next three years (~by 2026–27).
India’s exports to Malaysia in mineral fuels, oils, and distillation products reached US $1.42 billion in FY 2023–24. Malaysian exports to India under the same category stood at approximately US $2.22 billion in that period.
India is aggressively scaling renewables: by Oct 2024, around 203 GW (≈ 46% of total installed electricity capacity) came from renewables, including solar and wind; targets include 500 GW by 2030
Malaysia has invested in collaborative renewable energy initiatives in India-Malaysian firms such as Gentari (Petronas) hold a 30% stake in green ammonia production and in partnerships to build ~5 GW renewable projects in India.
Malaysia sold 6,617 battery-electric vehicles (BEVs) in 1H 2024-a 112% YoY jump from 3,117 units in 1H 2023. Over 9,000 BEVs were registered in late 2023, contributing to a total of 100,000 electrified vehicle registrations till year-end The EV market revenue in 2025 is projected at US $987 million, growing at ~5.3% annually to reach US $1.2 billion by 2029, with sales volume estimated at ~16,500 vehicles.
The Event