Report Description

India Electric Vehicle Market By Vehicle Type (Three Wheeler, Two Wheeler, Passenger Car & Bus), By Drivetrain Technology (Battery Electric Vehicle Vs. Plug-in Electric Vehicle), Competition Forecast & Opportunities, FY2013 – FY2023

  • Publish Date:December, 2017
  • Format : PDF
  • Pages : 120
  • Industry : Automotive

India electric vehicle market is projected to grow at a CAGR of over 37%, during FY2018-FY2023. Robust market growth is anticipated on account of rising number of government initiatives such as incentive schemes to encourage adoption of environment-friendly electric vehicles, growing consumer inclination towards electric vehicles, concerns over harmful effects of air pollution, and huge investments by various OEMs for developing more affordable and premium electric vehicles in the coming years.

Years Considered for this Report:

Historical Years: FY2013 – FY2016

Base Year: FY2017

Estimated Year: FY2018

Forecast Period: FY2019–FY2023

Objective of the Study:

  • To analyze and forecast the size of India electric vehicle market.
  • To classify and forecast India electric vehicle market on the basis of vehicle type, drivetrain technology and region.
  • To identify drivers and challenges for India electric vehicle market.
  • To identify market trends and developments in India electric vehicle market.
  • To profile leading players operating in India electric vehicle market.


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Some of the major companies operating in India electric vehicle market include Toyota Kirloskar Motor Pvt. Ltd., Mahindra Electric Mobility Limited, Tata Motors Limited, Volvo India Private Limited, BMW AG, Kinetic Green Energy & Power Solutions Ltd., Lohia Auto Industries, Avon Cycles Ltd., Okinawa Autotech Pvt. Ltd., and Hero Electric Vehicles Pvt. Ltd., among others.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of electric vehicle manufacturers and companies operating in India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email, 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 those companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, regional network, and regional presence of all major companies operating across the country.

TechSci Research calculated the size for India electric vehicle market using a bottom-up technique, wherein the value service data for different vehicle types was recorded as well as forecast for future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.

Key Target Audience:

  • India electric vehicle manufacturers, distributors and other stakeholders
  • Raw material suppliers of electric vehicles and components
  • Associations, organizations, forums and alliances related to electric vehicles
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electric vehicle manufacturers, customers and policy makers. 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 vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Three-Wheeler
    • Two-Wheeler
    • Passenger Car
    • Bus
  • Market, by Drivetrain Technology:
    • Battery Electric Vehicle
    • Plug-in Electric Vehicle
  • Market, by Region:
    • North
    • South
    • East
    • West  

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India electric vehicle market.

Available Customizations:

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

Company Information

  • Detailed analysis and profiling of additional market players.

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

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