Report cover image

Electric Vehicle Market, India, 2023–2030

Publisher Frost & Sullivan
Published Aug 28, 2024
SKU # MC19136547

Description

Electric Vehicle Market, India, 2023–2030


Intensifying competition between domestic and international EV participants is driving transformational growth

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

Table of Contents

    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8TM
    • 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
    • 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
    • Forecast Considerations
    • Indian EV Market: 2023 and 2024e
    • EV Adoption by Regions: 2023 Comparison Summary
    • India: EV Sales Forecast
    • EV Sales Forecast by Regions
    • EV Unit Sales Share and Market Share by OEMs, 2023
    • 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
    • Tata Motors
    • SAIC (MG Motor)
    • M&M
    • Growth Opportunity 1: Reduced Import Duty to Accelerate EV Manufacturing Localization
    • Growth Opportunity 2: Low-cost Production
    • Growth Opportunity 3: Ample Scope for Partnerships to Create an EV Support System
    • Top 3 Conclusions
  • Best Practices Recognition
  • Frost Radar
    • Benefits and Impacts of Growth Opportunities
    • Next Steps
How Do Licenses Work?
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.