
Electric Vehicle Market, India, 2024–2031
Description
The adoption of electric four-wheelers in India is growing gradually, 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, mainly focusing on manufacturing localization, supply chain security, and export competitiveness, 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 will not only open significant opportunities for charging infrastructure providers and battery technology companies but also pave the way for innovative financing business models, enhancing local EV component manufacturing capability and encouraging private and public companies to electrify their fleets; for example, last-mile delivery service companies shifting to EVs will see a significant spike.
This study covers the following topics:
• Industry trends impacting the Indian EV market
• EV adoption by regions/states
• EV sales contributions by primary OEMs
• OEMs’ production infrastructure, investments, and market development approach
• Future outlook for the Indian EV market
This study covers the following topics:
• Industry trends impacting the Indian EV market
• EV adoption by regions/states
• EV sales contributions by primary OEMs
• OEMs’ production infrastructure, investments, and market development approach
• Future outlook for the Indian EV market
Table of Contents
- The Indian EV Market: Overview
- Regional Segmentation
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8TM
- The Impact of the Top 3 Strategic Imperatives on the Indian EV Market
- Research Methodology
- Questions This Study Will Answer
- Competitive Environment
- Key Competitors
- Factors Influencing EV OEMs
- EV Distribution Channels
- Primary Findings: Current and Future Outlook
- Key Growth Metrics
- Growth Drivers
- Growth Restraints
- Potential Trends Influencing Market Growth
- Supply Chain Localization
- Interoperable Charging Networks
- Key Strategic Collaborations
- Connected Features
- UX IoT: Premium Features in Mass EVs
- Battery Technology Advancements
- Incentive Evolution In India
- Timeline: Major Schemes and Incentives
- Purchase Subsidies/Exemptions by Leading States
- Impact of New US Tariffs on the Indian EV Industry
- Forecast Considerations
- Indian EV Market: 2024 and 2025e
- EV Adoption by Region: 2024 Comparison Summary
- India: EV Sales Forecast
- EV Sales Forecast by Region
- EV Unit Sales Share and Market Share by OEMs, 2024
- 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
- Operating OEMs' Investments/Initiatives
- Key EV Production Facilities in India: Summary
- Primary Electric PV Production Capability in India: Summary
- Key EV Development Regional Clusters
- EV Developments Key Areas: Adoption Status
- Battery Cell Production Outlook by Key Participants
- Timeline: OEMs' Strategic Focus
- Tata Motors
- JSW MG Motors India
- Mahindra & Mahindra
- Growth Opportunity 1: Government Initiatives Pushing the EV Industry Toward Self-sufficiency
- Growth Opportunity 2: Enabling Localization
- Growth Opportunity 3: Domestic Collaboration
- Top 3 Conclusions
- Benefits and Impacts of Growth Opportunities
- Next Steps
Pricing
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