Profiles of Key Electric Vehicle (EV) Manufacturers Making an Impact on the Indian Market

Profiles of Key Electric Vehicle (EV) Manufacturers Making an Impact on the Indian Market

The Two-wheeler Segment is Witnessing the Emergence of a Number of Start-ups, which is Driving Competition and Advancements in Technology

RELEASE DATE
22-Feb-2021
REGION
South Asia, Middle East & North Africa
Research Code: K484-01-00-00-00
SKU: AU02134-SA-MT_25258

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Description

The automotive industry is rapidly evolving in terms of technology and its ability to tackle environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative as they offer low or zero emissions and have come a long way to become an integral part of OEMs’ business strategies. Automakers are creating separate EV business units to prepare themselves for the expected EV boom. However, the surge in EV demand will create significant demand for charging infrastructure; safety regulations and standards will also have to be implemented.

India is still a nascent market in terms of EVs; nevertheless, OEMs have started experimenting and preparing themselves for the inevitable – a future that is electric. Tata Motors and Mahindra & Mahindra were the first entrants in the EV market, and Maruti Suzuki plans to enter this space in the near term with a small compact EV as its first offering.

Taking into account early adoption trends, eMobility will first penetrate the commercial and the fleet markets. Although mass adoption is not likely to happen in the short term, two wheelers and three wheelers are likely to witness substantial success right away. Battery capacity, especially for electric two wheelers, is likely to be a non-issue as bikes and mopeds are mainly used for inter-city travel/short distances; therefore, two wheelers are likely to be immensely successful.

eCommerce companies (Amazon, for example) are launching initiatives to use eMobility for last-mile deliveries to reduce carbon footprint. India is experimenting with eMobility for public transport and has deployed electric inter-city buses across some of the major cities. The electric two-wheeler market in India holds significant potential, especially because the country is the world’s largest two-wheeler market in sales as well as production (ranked behind China).

This Frost & Sullivan study profiles the major EV manufacturers making an impact on the Indian market, including Maruti Suzuki, Tata Motors, and Mahindra and international giants such as Toyota, Renault, and Honda. The study also looks at start-ups that are innovating in the electric two-wheeler space (Athere and Ampere, for instance).

This research service contains:
1. OEM overviews
2. Information about OEM R&D, EV product offerings, product specifications, partnerships, and future plans
3. A segment-wise analysis of current vehicle portfolios
4. Battery specification roadmaps
5. A summary of overall EV strategy and segment focus
6. Profiles of key two-wheeler EV start-ups

Key Issues Addressed

  • At present, which companies are actively participating in the Indian EV market?
  • What are the product strategies of these market participants?
  • Which segments are OEMs likely to prioritize by 2025?
  • Which companies are key participants in the two-wheeler start-up space?
  • What are the current/future offerings of these start-ups? What are their funding targets?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Strategic Imperative 8™ on the Indian Electric Vehicle Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Indian Electric Vehicle Market Overview

Overview

Overview (continued)

Vehicle Segment-wise Analysis

Battery Specification—Roadmap

Summary

Overview

Overview (continued)

Vehicle Segment-wise Analysis

Battery Specification—Roadmap

Summary

Overview

Overview (continued)

Vehicle Segment-wise Analysis

Battery Specification—Roadmap

Summary

Overview

Overview (continued)

Vehicle Segment-wise Analysis

Summary

Overview

Overview (continued)

Summary

Overview

Overview (continued)

Vehicle Segment-wise Analysis

Summary

Ather Energy—Overview

Ampere Electric Vehicles—Overview

Jitendra Electric Vehicles—Overview

Okinawa Scooters—Overview

Tork Motorcycles—Overview

Yulu Scooters—Overview

Bounce Scooters—Overview

Growth Opportunity 1: Strong Distribution Channels for Geographic Expansion

Growth Opportunity 1: Strong Distribution Channels for Geographic Expansion (continued)

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Related Research
The automotive industry is rapidly evolving in terms of technology and its ability to tackle environmental issues. Electric vehicles (EVs) have been introduced as a clean energy initiative as they offer low or zero emissions and have come a long way to become an integral part of OEMs business strategies. Automakers are creating separate EV business units to prepare themselves for the expected EV boom. However, the surge in EV demand will create significant demand for charging infrastructure; safety regulations and standards will also have to be implemented. India is still a nascent market in terms of EVs; nevertheless, OEMs have started experimenting and preparing themselves for the inevitable – a future that is electric. Tata Motors and Mahindra & Mahindra were the first entrants in the EV market, and Maruti Suzuki plans to enter this space in the near term with a small compact EV as its first offering. Taking into account early adoption trends, eMobility will first penetrate the commercial and the fleet markets. Although mass adoption is not likely to happen in the short term, two wheelers and three wheelers are likely to witness substantial success right away. Battery capacity, especially for electric two wheelers, is likely to be a non-issue as bikes and mopeds are mainly used for inter-city travel/short distances; therefore, two wheelers are likely to be immensely successful. eCommerce companies (Amazon, for example) are launching initiatives to use eMobility for last-mile deliveries to reduce carbon footprint. India is experimenting with eMobility for public transport and has deployed electric inter-city buses across some of the major cities. The electric two-wheeler market in India holds significant potential, especially because the country is the worlds largest two-wheeler market in sales as well as production (ranked behind China). This Frost & Sullivan study profiles the major EV manufacturers making an impact on the Indian market, including Maruti Suzuki, Tata Motors, and Mahindra and international giants such as Toyota, Renault, and Honda. The study also looks at start-ups that are innovating in the electric two-wheeler space (Athere and Ampere, for instance). This research service contains: 1. OEM overviews 2. Information about OEM R&D, EV product offerings, product specifications, partnerships, and future plans 3. A segment-wise analysis of current vehicle portfolios 4. Battery specification roadmaps 5. A summary of overall EV strategy and segment focus 6. Profiles of key two-wheeler EV start-ups--BEGIN PROMO--

Key Issues Addressed

  • At present, which companies are actively participating in the Indian EV market?
  • What are the product strategies of these market participants?
  • Which segments are OEMs likely to prioritize by 2025?
  • Which companies are key participants in the two-wheeler start-up space?
  • What are the current/future offerings of these start-ups? What are their funding targets?
More Information
No Index No
Podcast No
Author Ishaan Kolse
Industries Automotive
WIP Number K484-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9882-A6