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Electric Vehicle Market, India, 2023 2030
Intensifying competition between domestic and international EV participants is driving transformational growth
28-Aug-2024
Global
Market Research
The adoption of electric four-wheelers in India is growing at a promising pace, making it a major market for global companies. The growth of the electric vehicle (EV) market in the country is predominantly driven by government initiatives and incentives, as well as environmental awareness. To keep up with the growing demand, global and domestic companies are on the verge of launching new EV models in the Indian market, which not only opens significant opportunities for charging infrastructure providers and battery technology companies but also paves the way for innovative financing business models, enhances local EV component manufacturing capability, and encourages private and public companies to electrify their fleets; for example, last-mile delivery service companies shifting to EVs will see a significant spike.
OEMs’ production infrastructure and market development approaches
Key Features
This study covers the following topics:
- Industry trends impacting the Indian EV market
- EV adoption by regions/states
- EV sales contributions by primary OEMs
- An overview of subsidies and incentives that primary state contributors offer
Author: Jagadeesh Chandran
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Indian EV Market
The Indian EV Market: Overview
Research Methodology
Questions This Study Will Answer
Regional Segmentation
Competitive Environment
Key Competitors
Key Competitors (continued)
EV Distribution Channels
Global EV Market: 2023 and 2024e
Global EV Growth and Penetration: Key OEMs
Primary Findings: Current and Future Outlooks
Key Growth Metrics
Growth Drivers
Growth Restraints
Potential Trends Impacting Market Growth
Potential Trends Impacting Market Growth (continued)
Forecast Considerations
Forecast Considerations (continued)
Indian EV Market: 2023 and 2024e
EV Adoption by Regions: 2023 Comparison Summary
EV Adoption by Regions: 2023 Comparison Summary (continued)
India: EV Sales Forecast
EV Sales Forecast by Regions
EV Unit Sales Share and Market Share by OEMs, 2023
EV Unit Sales Share and Market Share by OEMs, 2023 (continued)
Primary EV Production Capacity in India: Summary
Key Growth Metrics
Regional Overview: Northern Region
Key Growth Metrics
Regional Overview: Northeastern Region
Key Growth Metrics
Regional Overview: Eastern Region
Key Growth Metrics
Regional Overview: Central Region
Key Growth Metrics
Regional Overview: Western Region
Key Growth Metrics
Regional Overview: Southern Region
Number of FAME II Certified Models by OEMs
Analysis of Incentive Variations by Performance/Efficiency
Analysis of Incentive Variations by Battery Features
Primary Participants’ Recent Developments
Primary Participants’ Recent Developments (continued)
Tata Motors
SAIC (MG Motor)
M&M
Growth Opportunity 1: Reduced Import Duty to Accelerate EV Manufacturing Localization
Growth Opportunity 1: Reduced Import Duty to Accelerate EV Manufacturing Localization (continued)
Growth Opportunity 2: Low-cost Production
Growth Opportunity 2: Low-cost Production (continued)
Growth Opportunity 3: Ample Scope for Partnerships to Create an EV Support System
Growth Opportunity 3: Ample Scope for Partnerships to Create an EV Support System (continued)
Top 3 Conclusions
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Features
This study covers the following topics:
- Industry trends impacting the Indian EV market
- EV adoption by regions/states
- EV sales contributions by primary OEMs
- An overview of subsidies and incentives that primary state contributors offer
Author: Jagadeesh Chandran
| Deliverable Type | Market Research |
|---|---|
| Author | Jagadeesh Chandran |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| Predecessor | MG83-01-00-00-00 |
| WIP Number | PFM8-01-00-00-00 |