India electric passenger car market is expected to grow at a CAGR of 43% through FY2023, on the back of increasing consumer inclination towards electric vehicles, rising environmental concerns due to high pollution levels and growing technological advancements, which is resulting in higher mileage per charge and decline in electric vehicle prices. Moreover, increasing investments by leading car manufacturers such as Tata Motors, Mahindra & Mahindra, Toyota, etc., in their electric passenger car product lines is further expected to positively affect the country’s electric passenger car market in the coming years.

Years considered for this report:

Historical Years: FY2013 - FY2016

Base Year: FY2017

Estimated Year: FY2018E

Forecast Period: FY2019F- FY2023

Objective of the Study:

  • To analyze and forecast the market size of electric passenger car market.
  • To classify and forecast India electric passenger car market based on vehicle type, drivetrain technology and battery capacity.
  • To identify drivers and challenges for India electric passenger car market.
  • To conduct the pricing analysis for electric cars in India.
  • To identify and analyze the profile of leading players involved in the manufacturing of electric passenger cars.



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Some of the major players operating in India electric passenger car market are Mahindra & Mahindra Limited and Tata Motors Limited

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric passenger car dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all the major electric passenger car suppliers across India.

TechSci Research calculated the market size for India electric passenger car using a bottom-up technique, wherein manufacturers’ volume sales data was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, Society of Indian Automobile Manufacturers (SIAM), Society of Manufacturers of Electric Vehicles (SMEV), company websites, company annual reports, white papers, investor presentations and financial reports were also reviewed by TechSci Research.

 

Key Target Audience:

  • Electric car manufacturers, distributors and other stakeholders
  • Raw material suppliers
  • Governments and financial institutions
  • Associations, organizations, forums and alliances related to passenger cars
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as car manufacturers, distributors and dealers, customers and policymakers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India electric passenger car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Hatchback
    • Sedan
    • SUV & MUV
  • Market, by Battery Capacity:
    • <201 Ah
    • >201 Ah
  • Market, by Drivetrain Technology:
    • PHEV
    • BEV
  • Market, by region:

o    North

o    West

o    South

o    East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India electric passenger car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Voice of Customer

4.1.    Purchase Decision Factors

4.2.    Brand Recall

4.3.    Brand Satisfaction Level

5.       India Electric Passenger Car Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Value & Volume

5.2.    Market Share & Forecast

5.2.1.By Vehicle Type (Sedan, Hatchback & Sports Utility Vehicles)

5.2.2.By Drivetrain Technology (PHEV & BEV)

5.2.3.By Battery Capacity (<201Ah and >201 ah)

5.2.4.By Company (Mahindra, Tata, BMW, Volvo & Others)

5.2.5.By Region (West, North, South, East)

5.3.    Market Attractiveness Index (By Vehicle Type)

5.4.    Market Attractiveness Index (By Battery Capacity)

5.5.    Market Attractiveness Index (By Drivetrain Technology)

5.6.    Market Attractiveness Index (By Region)

5.7.    Market Attractiveness Index (By Company)

6.       India Hatchback Electric Passenger Car Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Drivetrain Technology (PHEV & BEV)

6.2.2.By Battery Capacity (<201Ah and >201 Ah)

6.2.3.By Company

6.3.    Market Attractiveness Index (By Battery Capacity)       

6.4.    Market Attractiveness Index (By Drivetrain Technology)

6.5.    Market Attractiveness Index (By Company)

7.       India Sedan Electric Passenger Car Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Drivetrain Technology (PHEV & BEV)

7.2.2.By Battery Capacity (<201Ah and >201 ah)

7.2.3.By Company

7.3.    Market Attractiveness Index (By Battery Capacity)       

7.4.    Market Attractiveness Index (By Drivetrain Technology)

7.5.    Market Attractiveness Index (By Company)

8.       India SUV & MUV Electric Passenger Car Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Drivetrain Technology (PHEV & BEV)

8.2.2.By Battery Capacity (<201Ah and >201 Ah)

8.2.3.By Company

8.3.    Market Attractiveness Index (By Battery Capacity)       

8.4.    Market Attractiveness Index (By Drivetrain Technology)

8.5.    Market Attractiveness Index (By Company)

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Government Initiatives

11.   Policy & Regulatory Landscape

12.   Market Trends & Developments

13.   SWOT Analysis

14.   India Economic Profile

15.   Pricing Analysis

15.1.                     Hatchback

15.2.                     Sedan

15.3.                     SUV & MUV

16.   Product Benchmarking

17.   Competitive Landscape

17.1.                     Mahindra & Mahindra Limited

17.2.                     Tata Motors Limited

17.3.                     Toyota Kirloskar Motor Pvt. Ltd.

17.4.                     BMW AG

17.5.                     Volvo India Private Limited

18.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

     

    Figure 1: India Electric Passenger Car Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: India Electric Passenger Car Market - Influencer of Purchase (N= 75)

    Figure 3: India Electric Passenger Car Market - Aided Brand Recall (N= 75)

    Figure 4: India Electric Passenger Car Market - Unaided Brand Recall (N= 75)

    Figure 5: India Electric Passenger Car Market - Brand Satisfaction Level (N= 75)

    Figure 6: India Electric Passenger Car Market - Brand Satisfaction Level, By Performance (N= 75)

    Figure 7: India Electric Passenger Car Market - Brand Satisfaction Level, By Features (N= 75)

    Figure 8: India Electric Passenger Car Market - Brand Satisfaction Level, By Maintenance Cost (N= 75)

    Figure 9: India Electric Passenger Car Market - Brand Satisfaction Level, By Battery Life (N= 75)

    Figure 10: India Electric Passenger Car Market - Brand Satisfaction Level, By Pricing (N= 75)

    Figure 11: India Electric Passenger Car Market Size, By Value (USD Million), By Volume (Thousand Units), FY2013-FY2023F

    Figure 12: India Electric Passenger Car Market Share, By Vehicle Type, By Volume, FY2013-FY2023F

    Figure 13: India Electric Passenger Car Market Share, By Drivetrain Technology, By Volume, FY2013-FY2023F

    Figure 14: India Electric Passenger Car Market Share, By Battery Capacity, By Volume, FY2013-FY2023F

    Figure 15: India Electric Passenger Car Market Share, By Company, By Volume, FY2013-FY2023F

    Figure 16: India Electric Passenger Car Market Share, By Region, By Volume, FY2017 & FY2023F

    Figure 17: India Electric Passenger Car Market Attractiveness Index, By Vehicle Type, By Volume, FY2017-FY2023F

    Figure 18: India Electric Passenger Car Market Attractiveness Index, By Battery Capacity, By Volume, FY2017-FY2023F

    Figure 19: India Electric Passenger Car Market Attractiveness Index, By Drivetrain Technology, By Volume, FY2017-FY2023F

    Figure 20: India Electric Passenger Car Market Attractiveness Index, By Region, By Volume, FY2017-FY2023F

    Figure 21: India Electric Passenger Car Market Attractiveness Index, By Company, By Volume, FY2017-FY2023F

    Figure 22: India Hatchback Electric Passenger Car Market Size, By Value (USD Million), By Volume (Thousand Units), FY2013-FY2023F

    Figure 23: India Hatchback Electric Passenger Car Market Share, By Drivetrain Technology, By Volume, FY2013-FY2023F

    Figure 24: India Hatchback Electric Passenger Car Market Share, By Battery Capacity, By Volume, FY2013-FY2023F

    Figure 25: India Hatchback Electric Passenger Car Market Share, By Company, By Volume, FY2013-FY2023F

    Figure 26: India Hatchback Electric Passenger Car Market Attractiveness Index, By Battery Capacity, By Volume, FY2017-FY2023F

    Figure 27: India Hatchback Electric Passenger Car Market Attractiveness Index, By Drivetrain Technology, By Volume, FY2017-FY2023F

    Figure 28: India Hatchback Electric Passenger Car Market Attractiveness Index, By Company, By Volume, FY2017-FY2023F

    Figure 29: India Sedan Electric Passenger Car Market Size, By Value (USD Million), By Volume (Thousand Units), FY2013-FY2023F

    Figure 30: India Sedan Electric Passenger Car Market Share, By Drivetrain Technology, By Volume, FY2013-FY2023F

    Figure 31: India Sedan Electric Passenger Car Market Share, By Battery Capacity, By Volume, FY2013-FY2023F

    Figure 32: India Sedan Electric Passenger Car Market Share, By Company, By Volume, FY2013-FY2023F

    Figure 33: India Sedan Electric Passenger Car Market Attractiveness Index, By Battery Capacity, By Volume, FY2017-FY2023F

    Figure 34: India Sedan Electric Passenger Car Market Attractiveness Index, By Drivetrain Technology, By Volume, FY2017-FY2023F

    Figure 35: India Sedan Electric Passenger Car Market Attractiveness Index, By Company, By Volume, FY2017-FY2023F

    Figure 36: India SUV & MUV Electric Passenger Car Market Size, By Value (USD Million), By Volume (Thousand Units), FY2013-FY2023F

    Figure 37:  India SUV & MUV Electric Passenger Car Market Share, By Drivetrain Technology, By Volume, FY2017-FY2023F

    Figure 38: India SUV & MUV Electric Passenger Car Market Share, By Battery Capacity, By Volume, FY2017-FY2023F

    Figure 39: India SUV & MUV Electric Passenger Car Market Share, By Company, By Volume, FY2013-FY2023F

    Figure 40: India SUV & MUV Electric Passenger Car Market Attractiveness Index, By Battery Capacity, By Volume, FY2017-FY2023F

    Figure 41: India SUV & MUV Electric Passenger Car Market Attractiveness Index, By Drivetrain technology, By Volume, FY2017-FY2023F

    Figure 42: India SUV & MUV Electric Passenger Car Market Attractiveness Index, By Company, By Volume, FY2017-FY2023F

    Figure 43: India Electric Passenger Car Market, SWOT Analysis

     

    List of Tables

     

    Table 1:  India’s State-wise Vat Structure on Electric Vehicles

    Table 2: India Hatchback Electric Passenger Car Pricing Analysis, By Company, FY2017

    Table 3: India Sedan Electric Passenger Car Pricing Analysis, By Company, FY2017

    Table 4: India SUV/MUV Electric Passenger Car Pricing Analysis, By Company, FY2017

    Table 5: India Electric Passenger Car Market - Product Benchmarking