Electric Vehicle Market, India, 2023-2030

Description

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

Product Code: PFM8-45

Transformation in the Indian Electric Vehicle Market

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Indian EV Market

Ecosystem

The Indian EV Market: Overview
Research Methodology
Questions This Study Will Answer
Regional Segmentation
Competitive Environment
Key Competitors
EV Distribution Channels

Global Electric Vehicle Market: Overview

Global EV Market: 2023 and 2024e
Global EV Growth and Penetration: Key OEMs

Growth Generator

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

Northern Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Northern Region

Northeastern Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Northeastern Region

Eastern Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Eastern Region

Central Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Central Region

Western Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Western Region

Southern Region Electric Vehicle Market: Overview

Key Growth Metrics
Regional Overview: Southern Region

FAME Scheme and Incentives: Overview

Number of FAME II Certified Models by OEMs
Analysis of Incentive Variations by Performance/Efficiency
Analysis of Incentive Variations by Battery Features

Electric Vehicle Investments

Primary Participants' Recent Developments

Key Contributors: Exhibits

Tata Motors
SAIC (MG Motor)
M&M

Growth Opportunity Universe

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

Key Conclusions

Top 3 Conclusions

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
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