DUBLIN--(BUSINESS WIRE)--The "India Electric Vehicle Ecosystem Market: Focus on Vehicle Type, Propulsion Type, Battery Type, Charging Infrastructure, and Separator Demand - Analysis and Forecast, 2019-2030" report has been added to ResearchAndMarkets.com's offering.
The EV market is anticipated to grow at a robust CAGR of 43.13% during the forecast period from 2019 to 2030.
Additionally, installation of charging infrastructure is projected to grow at a CAGR of 42.38%. With the entry of local battery manufacturers such as TATA Chemicals and BHEL alongside the import of batteries from global players, the electric vehicle battery market is expected to grow at a whooping CAGR of 60.15% during the forecast period.
The Indian electric vehicle ecosystem market is currently in a nascent phase. The government's push to ensure EV adoption through subsidies and tax benefits has further propelled the market growth. Despite the Indian automotive industry experiencing a sharp decline in FY2019, the electric vehicle market is expected to continue to grow in the coming years. With the BS6 norms becoming applicable from April 2020, the electric vehicles will become more price competitive with conventionally fueled vehicles, thus accelerating the electric vehicle sales in the country.
Scope of the Indian Electric Vehicle Ecosystem Market
The Indian electric vehicle ecosystem market provides detailed market information for segmentation such as batteries, propulsion type, charger type, separator and region. The purpose of this market analysis is to examine the electric vehicle ecosystem market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contribution of the key players operating in the market.
The Indian Electric Vehicles, Electric Vehicle Batteries and Electric Vehicle Charging Infrastructure Market is further segmented on the basis of separator type, charger type, vehicle type, battery type, and region. The three-wheeler dominated the Indian electric vehicles, electric vehicle batteries and electric vehicle charging infrastructure market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2030).
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry under analysis. The report also analyzes the prevalence of different types of batteries used in various vehicle types.
The Indian electric vehicles, electric vehicle batteries and electric vehicle charging infrastructure market has been segregated on the basis of region into four major regions, namely North India, South India, East India, and West India.
Prospects for EV Battery Production and Assembly in India
- Battery Production
- Battery Assembly
- Regulatory Support for Local Battery Production and Local Battery Assembly
- Evaluation of Possibilities
- Local Battery Production Vs Local Battery Assembly
Regulatory Support for EV Charging Establishment in India
- Financial Incentives for Private Charging Stations/Swappable Batteries
- Government Strategy for Swappable Batteries in India
- Approved Charging Standards as Per DST/BIS
- Comparative Analysis of Various Charging Systems Based on Vehicle Type
- ASHOK LEYLAND
- Amara Raja Batteries Ltd.
- Ather Energy
- Bharat Heavy Electricals Limited
- Coslight India Telecom Pvt. Ltd.
- Delta Electronics, Inc.
- EV MOTORS INDIA PVT. LTD
- EXIDE INDUSTRIES LTD.
- Emflux Motors
- Eon Electric Ltd.
- Evteq Mobility Private Limited
- Exicom Power Solutions
- Exicom Tele-Systems Limited
- HBL Power Systems Limited
- Hero Electric
- Honda Motor Co., Ltd.
- Hyundai Motor India
- Indian Oil Corporation Ltd
- JBM Auto Limited
- JBM Group
- Lohia Auto Industries
- Mahindra Electric Mobility Limited
- Maruti Suzuki India Limited
- NTPC Ltd.
- Napino Auto & Electronics Ltd.
- Okaya Power Pvt. Ltd.
- Olectra Greentech Limited
- Panasonic Corporation
- Reliance Infrastructure Limited
- TATA Power
- TVS Motor Company
- Tata Chemicals Ltd.
- Tata Motors Limited
- Toyota Kirloskar Motor
- Trontek Group
- Tunwal E-Bike India PVT. LTD.
- Vakrangee Limited
- Volttic Electric Vehicle Charging Solutions
For more information about this report visit https://www.researchandmarkets.com/r/yznle