Understanding Consumer Perceptions of Hybrid and Electric Vehicle Technologies in India

Understanding Consumer Perceptions of Hybrid and Electric Vehicle Technologies in India

Customers are More Receptive to Full Hybrids Than EVs as a Better Alternative Propulsion System Offering

RELEASE DATE
07-Aug-2017
REGION
South Asia, Middle East & North Africa
Research Code: 9AB2-00-6C-00-00
SKU: AU01522-SA-MR_20563
AvailableYesPDF Download

$1,500.00

Special Price $1,125.00 save 25 %

In stock
SKU
AU01522-SA-MR_20563

$1,500.00

$1,125.00save 25 %

DownloadLink
ENQUIRE NOW

Description

This research is based on a 2017 survey conducted in 12 key Indian cities to study consumer awareness, price perceptions, benefits, concerns, and willingness to purchase alternative fuel technologies—namely, electric vehicles (EVs) and full and mild hybrid vehicles.
Full hybrid vehicles resounded with customers better compared to other types of vehicles considered for the study. Compared to EVs and mild hybrids, customers were found to be more receptive to the full hybrid’s benefits of additional fuel economy; they consider full hybrids as a better alternate propulsion system offering.
However, the overall awareness of full hybrids is moderately low, with customers in the northern and western regions being relatively more aware of this technology, and customers in the south being the least aware.
The study also assesses general consumer willingness to pay for EVs, full hybrid vehicles, and mild hybrid vehicles as per the difference in a premium over the cost of a regular ICE-based vehicle, priced at INR 10 lakh.
Key questions that this study will answer:
•     What are the key buying factors for vehicle purchase in the Indian automotive market?
•     What are the customer awareness levels and perceptions about hybrid/electric vehicles present in the Indian market?
•     What are the key perceived benefits, concerns, and barriers related to the purchase of hybrid/electric vehicle technology in India?
•     What is the level of consumer willingness to purchase a car with hybrid/electric technology? What differences in price are consumers ready to pay?
•     What are the changes needed to alleviate the key misconceptions related to hybrid/electric vehicle technologies?

Table of Contents

Executive Summary—Key Findings

Key Barriers to Adoption—Electric Vehicles

Full Hybrid Vehicles—Top 3 Barriers to Adoption

Key Barriers to Adoption—Mild Hybrid Vehicles

Purchase Intention—Electric Vehicles

Purchase Intention—Full Hybrid Vehicles

Purchase Intention—Mild Hybrid Vehicles

Research Scope

Research Aims and Objectives

Key Questions This Study Will Answer

Research Background

Research Methodology

Key OEMs Compared in this Study

Vehicle Segmentation—Hybrid and Electric Vehicles

Awareness Levels—Electric Vehicles

Awareness Levels—Full Hybrid Vehicles

Awareness Levels—Mild Hybrid Vehicles

Model Awareness—Hybrid and Electric Vehicles

Electric Vehicles—Summary

Electric Vehicles—Benefits

Electric Vehicles—Voice of Customer about Benefits

Electric Vehicles—Barriers

Electric Vehicles—Top 3 Barriers to Adoption

Electric Vehicles—Voice of Customer about Barriers

Electric Vehicles—Emotional and Rational Mapping

Electric Vehicles—Owner and Intender Analysis

Electric Vehicles—Tier-wise Analysis

Electric Vehicles—Zone-wise Analysis

Full Hybrid Vehicles—Summary

Full Hybrid Vehicles—Top 3 Consumer Benefits

Full Hybrid Vehicles—Benefits

Full Hybrid Vehicles—Voice of Customer about Benefits

Full Hybrid Vehicles—Top 3 Barriers to Adoption

Full Hybrid Vehicles—Barriers

Full Hybrid Vehicles—Voice of Customer about Barriers

Full Hybrid Vehicles—Emotional and Rational Mapping

Full Hybrid Vehicle—Owner and Intender Analysis

Full Hybrid Vehicle—Tier-wise Analysis

Full Hybrid Vehicle—Zone-wise Analysis

Willingness to Pay for Full Hybrids—3 Key Reasons to Pay

Mild Hybrid Vehicles—Summary

Mild Hybrid Vehicles—Benefits

Mild Hybrid Vehicles—Voice of Customer about Benefits

Mild Hybrid Vehicles–Barriers

Mild Hybrid Vehicles—Voice of Customer about Barriers

Mild Hybrid Vehicles—Emotional and Rational Mapping

Mild Hybrid Vehicles—Owner and Intender Analysis

Mild Hybrid Vehicles—Tier-wise Analysis

Mild Hybrid Vehicles—Zone-wise Analysis

Purchase Intention—Electric Vehicles

Purchase Intention—Full Hybrid Vehicles

Purchase Intention—Mild Hybrid Vehicles

Growth Opportunity—Industry Consolidation

Strategic Imperatives for the Indian Automotive Industry

Key Conclusions and Recommendations—Electric Vehicles

Key Conclusions and Recommendations—Full Hybrid Vehicles

Key Conclusions and Recommendations—Mild Hybrid Vehicles

The Last Word—3 Big Predictions

Legal Disclaimer

Acronyms Used

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

This research is based on a 2017 survey conducted in 12 key Indian cities to study consumer awareness, price perceptions, benefits, concerns, and willingness to purchase alternative fuel technologies—namely, electric vehicles (EVs) and full and mild hybrid vehicles. Full hybrid vehicles resounded with customers better compared to other types of vehicles considered for the study. Compared to EVs and mild hybrids, customers were found to be more receptive to the full hybrid’s benefits of additional fuel economy; they consider full hybrids as a better alternate propulsion system offering. However, the overall awareness of full hybrids is moderately low, with customers in the northern and western regions being relatively more aware of this technology, and customers in the south being the least aware. The study also assesses general consumer willingness to pay for EVs, full hybrid vehicles, and mild hybrid vehicles as per the difference in a premium over the cost of a regular ICE-based vehicle, priced at INR 10 lakh. Key questions that this study will answer: • What are the key buying factors for vehicle purchase in the Indian automotive market? • What are the customer awareness levels and perceptions about hybrid/electric vehicles present in the Indian market? • What are the key perceived benefits, concerns, and barriers related to the purchase of hybrid/electric vehicle technology in India? • What is the level of consumer willingness to purchase a car with hybrid/electric technology? What differences in price are consumers ready to pay? • What are the changes needed to alleviate the key misconceptions related to hybrid/electric vehicle technologies?
More Information
No Index No
Podcast No
Author Raghavendra Janardhanan K
Industries Automotive
WIP Number 9AB2-00-6C-00-00
Is Prebook No
GPS Codes 9800-A6,9832-A6,9882-A6,9AF6-A6