DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Electric Vehicle Market in India 2013" report to their offering.
The Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
The report begins with an overview of the major macro economic indicators which highlights the present economic scenario prevalent in India.
This is followed by the market overview section which provides an insight into the overall electric vehicle market in India. The market size and forecasted growth along with the market segments and their respective shares have been mentioned in the report.
Moving along, electric vehicle market segments section in the report elaborates the three basic market segments, electric four wheelers, two wheelers and three wheelers, wherein it lists their respective market size and forecasted growth.
Factors driving the growth of electric vehicle market in India are also explained in detail, which includes government initiatives, rise in fuel costs, low operating and maintenance cost, foreign dependence for crude oil and environment friendly nature. The key challenges identified are low vehicle performance, inefficient battery, price constraint, power shortage and lack of infrastructure in the country.
The report covers the various government initiatives concerning the electric vehicle market in India. This section discusses the Alternate Fuels for Surface Transportation Program and its impact on the electric vehicle market.
Under demand generation, the possible demand scenario for electric vehicles, projected demand for electric vehicles in 2020 based on various technologies and types of electric vehicles, government incentives for each type of electric vehicle segment and the method of channelizing the demand incentives have been mentioned.
This is followed by the introduction of the research and development of electric vehicles along with the comparison of global R&D scenario with the Indian market.
Further, the domestic scenario of electric vehicle manufacturing and component supplying have been mentioned which provides a clear idea about the current status of the electric vehicle manufacturing costs, indicating the need to adopt the phased manufacturing strategy for electric vehicles across each segment.
The report also illustrates the link between electric vehicles and availability of public charging infrastructure, followed by depicting the consumer preference and the phased development of infrastructure to support the power requirement of electric vehicles by 2020 across each segment.
The trends section in the report comprises an in-depth analysis of the major trends prevailing in the electric vehicle market, which include entry of new players and retro fitment hybrid kits.
The competition section begins with the Porter's Five Forces Analysis, illustrating the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes.
The report concludes with a section on strategic recommendations, which comprises an analysis of the growth strategies of the electric vehicle market in India
Companies Mentioned
Public Companies
- Electrotherm (India) Ltd.
Private Companies
- Ampere Vehicles Pvt. Ltd.
- Avon Cycles Ltd.
- BSA Motors
- Hero Electric Vehicles Pvt. Ltd.
- Kabirdass Motor Company Ltd.
- Lectrix Motors Ltd.
- Lohia Auto Industries
- Mahindra Reva Electric Vehicles Pvt. Ltd.
- Paradise Electro Auto
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