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Can I pursue M.tech in AI from IIT after completing my B.E. in electronics and instrumentation?

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You can, undoubtedly. It's great to read that after earning your B.tech, you intend to pursue an M.tech with an AI specialization.  Many institutions that are available in the industry pick reputable organizations that offer lots of helpful features in addition to training. If you are looking for institution I will suggest you Intellipaat which is offering  MTech in Artificial intelligence and Machine learning in collaboration with IIT Jammu. There are no prerequisites for this course; any B.tech / B.E. graduate can apply. Take advantage of this incredible opportunity to learn for two years under the guidance of IIT faculty, graduate from IIT Jammu, master multiple AI and ML concepts while working on real-time projects and assignments, and attend soft skills training in addition to technical training. You will be able to easily clear interviews with the knowledge you gained from this training. One can become a skillful expert upon completion of training.

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