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.
Click here to download the brochure
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:
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