Global India Electric Car Market was valued at US$ 5 Bn. in 2020 and is expected to reach US$ 64.2 Bn. by 2027, at a CAGR of 44% during a forecast period.
Market Overview
The India Electric Car Market drivers, restraints, opportunities, trends, technical advancements, product developments, growth strategies, and growth strategies and prospects, as well as the forecast period, are briefly covered in the Global India Electric Car Market research report. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are the methods evaluated during the research. The global India Electric Car market research report offers an in-depth look at the industry, including key figures like market size, market share, revenue growth, and CAGR over the forecast cast period (2021 to 2029).
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India Electric Car Market Scope
The report published by Maximize Market Research on India Electric Car market focuses on the most important regional market share data. The report includes accessible opportunities in micro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and significant competitors’ product offers. The market is expected to grow at a steady growth rate between 2021 to 2029, according to the India Electric Car market estimation. The report provides, information about major growth drivers, market dynamics, challenges, and scope along with the PESTAL, PORTER, and SWOT analysis. Research identifies the most important trends that will impact business operations.
Segmentation
The three types of electric vehicles accessible in India are battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs) (HEV). With more than 72% of all sales in India in 2020, the BEV category had the largest market share. The BEV category is anticipated to continue to dominate the market in terms of both volume and value over the forecast period since the government offers the largest subsidies on the purchase of BEVs compared to PHEVs and HEVs. Moreover, the market is anticipated to profit from the availability of multiple BEV models, declining battery prices, and lower upfront expenses during the projection period.
The Indian electric car market has been divided into many categories based on the battery’s composition, including lithium-iron-phosphate (LFP), lithium-nickel-manganese cobalt oxide (Li-NMC), and other materials. The “others” group includes other Li-ion-based batteries such lead-acid batteries, nickel-metal hydride (NiMH) batteries, lithium-titanate oxide (LTO) batteries, and lithium-nickel-cobalt-aluminum oxide (NCA) batteries. The LFP battery-based electric car was the market leader in 2020, accounting for about 68% of sales volume, thanks to features including a high current rating, good thermal stability and safety levels, and long cycle life.
India Electric Car Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Market Size, by Market Value (US$ Mn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
Key Players
• Hyundai Motor Company
• Mahindra Electric Mobility Limited
• Volvo Car Corporation
• Toyota Kirloskar Motor Pvt. Ltd
• Tata Motors Limited
• Honda Motor Co. Ltd.
• Maruti Suzuki
• Exide Industries
• AB Volvo
• Bayerische Motoren Werke AG
• Lohia Auto Industries
• Maini Material Movement Pvt. Ltd.
• Carrieall Car Private Limited
• Tunwal E-Vehicle India Pvt. Ltd
• Mahindra & Mahindra Limited
• MG Motor India
• Olectra Greentech Ltd
• JBM Auto Limited
Regional Analysis
The India Electric Car Report provides an in-depth understanding and knowledge of the India Electric Car market trends, dynamics, and other issues in the market. The report on the India Electric Car market includes the most significant developments that have an impact on the industry. It assists in identifying the information included in the report, as well as assessing the competitive landscape of important firms, market dynamics, and other things that help to determine current marketing plans. The regions covered during the region were Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
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Key Questions answered in the Market Report are:
- What is Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the market?
- Which region held the largest market share in the Market?
- What are the opportunities for the Market?
- What are the restraining factors in the market?
- Who are the key players of the market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by India Electric Car
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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