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Indian Electric Vehicle (EV) Growth Opportunities
Battery Swapping, Emerging New Business Models, and Growing Charging Infrastructure are Expected to Drive Electric Vehicles in India
03-Jun-2021
South Asia, Middle East & North Africa
Market Research
Battery Swapping, Emerging New Business Models & Growing Charging Infrastructure are expected to drive the Electric Vehicle Industry in India
Automotive industry is rapidly evolving in terms of technology as well as tackling environmental issues. Electric vehicles have been introduced as a clean energy initiative, as they have low or zero emissions and have come a long way to become an integral part of OEM’s business strategies. Automakers are creating separate EV business units to be prepared for the expected EV boom in the future. However, the surge in EV demand will create a huge need for charging infrastructure and safety regulations and standards.
India is expected to aggressively push itself toward electrification, especially in the automotive and transportation sector. Stringent emission regulations, liberal incentives and subsidies for consumers and manufacturers, high level of localization, concrete safety standards, and established technology roadmaps are few key steps that are either already taken or need to be taken by the government to ensure the success of electric vehicles in the coming years.
Domestic OEMs such as Tata Motors and Mahindra & Mahindra and foreign OEMs such as Hyundai and MG have already entered the market with their flagship EVs. They have announced ambitious sales targets and are expected to launch a many new and constructive electric vehicle models (from city suited to long-range and powerful). Charging infrastructure, which is one of the major factors to drive EV adoption, are also picking up pace, with many new companies entering this space. It has opened up new business models that enable companies to position themselves either as manufacturers, operators, or payment gateways.
The study provides a detailed analysis of the current and future prospects of EVs and adjacent markets. It throws light on the various segments in the market such as two-wheelers, three-wheelers, four-wheelers, and heavy-duty vehicles.
Key Issues Addressed
- What are the various incentive schemes, both state and nationwide, in the country?
- How are various segments—two-wheelers, auto rickshaws, rickshaws, passenger cars, and buses—performing in the country?
- What are the various start-ups in the industry?
- What is the historic and current charging infrastructure scenario, and what can be expected in the coming years?
- What growth opportunities lie in the region, and what are the critical success factors to exploit them?
Author: Prajyot Sathe
Electrification Roadmap—Vision 2030
Electric Four-wheeler Market Outlook in India
Key Offerings by Product Innovators—e2W Start-ups
Key Parameters—Satisfaction Versus Importance
EV Localization
Component Localization Roadmap to be Driven by Shared Mobility
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top-three Strategic Imperatives on the Indian Electric Vehicle Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Indian Electric Vehicle Market Overview
Electric Vehicle Market Segmentation
Key Mega Trends Impacting Mobility in India
Country Profile—India: The Change-driving Consumer
Urban Mobility Modal Share—2019
Electrification in India—Driven by Incentives and New Business Models
Growth Drivers for the Electric Vehicle Market
Growth Restraints for the Electric Vehicle Market
Electric Vehicle—Current challenges
Electric Vehicle—Scenarios
Electric Vehicles in India—First Wave Already Underway
Factors Driving Electrification
Targeting Specific Electric Vehicle Market Segments Based on Economics to Drive and Hasten National Adoption
Market Forecast to 2025
Market Size of the EV Component Industry in 2025
FAME II—Incentive Structure
Summary of Government Incentives in India
States Chipping With EV Policies and Investments
State Government EV Policies
State-wise Regulations to Promote and Organize the eRickshaws Market
State-wise Regulations to Promote and Organize the eRickshaws Market (continued)
Emission Norms—India
Technology Requirements and Cost of Compliance—BS VI (IC Engines)
Cost of Compliance BS VI—Comparison
Diesel Cars
Summary—Emission Norms in India
Current EV Charging Stations in India—An Overview
Charging Infrastructure in India—Challenges
Why Battery Swapping?
EVSE Types With Connector Types
Public and Private Charging Infrastructure Standards and Implementation
Charging Station Supplier Network
Incentives for Charging Stations
Future Charging Stations
Future Charging Stations (continued)
Future Charging Stations (continued)
e4W Forecast and Market Overview (Includes HEV)
Electric Motors for e4W
EV—Product Portfolio and Launch Roadmap
Summary—e4W Market
Two-wheeler—Overview
e2W—Market Scenario
e2W Market size
Motor Power Offerings by e2W Manufacturers in India
Summary—e2W Market
eRickshaws—Market Size and Market Overview
Market Insights
Key eRickshaw Markets in India
eRickshaw—Market Split Based on Battery Type
Summary—eRickshaw Market
Indian Auto Rickshaw Market—Key insights
Factors Driving Market Growth
eAuto—Market size
Summary—eAuto Market
Indian Electric Bus Market
Electric Bus—Total Unit Forecast
Summary—Electric Bus Market
Lithium-ion Battery Industry in India—Partnerships
Li-ion Production Expansion Plans, India
EV Localization
Component Localization Roadmap to be Driven by Shared Mobility
Competitor Benchmarking
Competitor Benchmarking (continued)
Key Participants in the Bearing Industry in India
Current Landscape of Key EV Component Manufacturers in India
Current Landscape of Key EV Component Manufacturers in India (continued)
Current Landscape of Key EV Component Manufacturers in India (continued)
Growth Opportunity 1—Strategic Partnering for Technological Advancements, 2019
Growth Opportunity 1—Strategic Partnering for Technological Advancements, 2019 (continued)
Growth Opportunity 2—New Product Launch
Growth Opportunity 2—New Product Launch (continued)
Growth Opportunity 3—Customer and Branding
Growth Opportunity 3—Customer and Branding (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Glossary of Terms
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Key Issues Addressed
- What are the various incentive schemes, both state and nationwide, in the country?
- How are various segments—two-wheelers, auto rickshaws, rickshaws, passenger cars, and buses—performing in the country?
- What are the various start-ups in the industry?
- What is the historic and current charging infrastructure scenario, and what can be expected in the coming years?
- What growth opportunities lie in the region, and what are the critical success factors to exploit them?
Author: Prajyot Sathe
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Prajyot Sathe |
| Industries | Automotive |
| WIP Number | K593-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9801-A6,9882-A6,9B02-A6 |
