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India Electric Vehicle Market Report by Vehicle Type (Passenger Vehicles, Commercial Vehicles, and Others), Price Category (Mid-Range, High/Luxury Range), Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5074
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Electric Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Market Forecast
5.4.1 Volume Trends
5.4.2 Value Trends
6 India Market Breakup by Vehicle Type
6.1 Passenger Vehicles
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Commercial Vehicles
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Price Category
7.1 Mid-Range
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 High/Luxury Range
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Propulsion Type
8.1 Battery Electric Vehicle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Hybrid Electric Vehicle
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Plug-In Hybrid Electric Vehicle
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North India
9.1.1 Market Trends
9.1.2 Market Breakup by State
9.1.3 Market Forecast
9.1.4 Upcoming EV Charging Stations
9.1.5 Upcoming EV Manufacturing Plant
9.2 West and Central India
9.2.1 Market Trends
9.2.2 Market Breakup by State
9.2.3 Market Forecast
9.2.4 Upcoming EV Charging Stations
9.2.5 Upcoming EV Manufacturing Plant
9.3 South India
9.3.1 Market Trends
9.3.2 Market Breakup by State
9.3.3 Market Forecast
9.3.4 Upcoming EV Charging Stations
9.3.5 Upcoming EV Manufacturing Plant
9.4 East India
9.4.1 Market Trends
9.4.2 Market Breakup by State
9.4.3 Market Forecast
9.4.4 Upcoming EV Charging Stations
9.4.5 Upcoming EV Manufacturing Plant
9.5 Upcoming EV Charging Stations by Private Players
10 Upcoming Electric Vehicles in Next 10 years
11 Government Initiatives, Allocated Land/ Budget and Support to EV projects
11.1 Electric Vehicle Policy Landscape in India
11.2 Government Initiatives
11.2.1 EV India Policy Roadmap – Manufacturing and Demand Incentive
11.2.2 State Level Initiative
11.3 Policy Roadmap for EVs Charging Infrastructure
11.3.1 Structure of EVs Charging Infrastructure
11.3.2 Density Targets for EVs Charging Infrastructure
11.3.3 Public Charging Standards in India
11.3.4 Key Initiatives on EVs Charging Infrastructure in India
11.3.5 Operational Requirements of EVs Charging Stations
11.3.6 Technical requirements of EVs Charging Stations
11.3.7 State Wise Initiatives for EVs Charging Stations
11.3.8 State Wise EV Tariffs
12 Import Structure
12.1 Import Structure for Electric Vehicle Industry in India
12.2 Custom Duties
12.3 Import Trends
12.3.1 Lithium Ion
12.3.1.1 Major Exporting Countries to India
12.3.2 Traction Motor
12.3.2.1 Major Exporting Countries to India
12.3.3 Electric Passenger Vehicle
12.3.3.1 Major Exporting Countries to India
12.3.4 Electric Two-Wheeler
12.3.4.1 Major Exporting Countries to India
13 Market Data on Charging Units, Manufacturers and their Cost Comparison
13.1 India Electric Vehicle Charging Station – Market Performance
13.2 Key Players
13.3 Cost Comparison
14 Policy, Regulations and Restrictions
15 SWOT Analysis
15.1 Overview
15.2 Strengths
15.3 Weaknesses
15.4 Opportunities
15.5 Threats
16 Porters Five Forces Analysis
16.1 Overview
16.2 Bargaining Power of Buyers
16.3 Bargaining Power of Suppliers
16.4 Degree of Competition
16.5 Threat of New Entrants
16.6 Threat of Substitutes
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players
18.3 Profiles of Key Players
18.3.1 Ampere Vehicles Private Limited (Greaves Cotton Limited)
18.3.1.1 Company Overview
18.3.1.2 Product Portfolio
18.3.1.3 Financials
18.3.2 Ather Energy Pvt Ltd
18.3.2.1 Company Overview
18.3.2.2 Product Portfolio
18.3.3 Atul Auto Limited
18.3.3.1 Company Overview
18.3.3.2 Product Portfolio
18.3.3.3 Financials
18.3.4 Bajaj Auto Limited (Bajaj Group)
18.3.4.1 Company Overview
18.3.4.2 Product Portfolio
18.3.4.3 Financials
18.3.5 Electrotherm (India) Ltd.
18.3.5.1 Company Overview
18.3.5.2 Product Portfolio
18.3.5.3 Financials
18.3.6 Hero Electric (Hero Eco Group)
18.3.6.1 Company Overview
18.3.6.2 Product Portfolio
18.3.7 Hyundai Motor India Limited (Hyundai Motor Company)
18.3.7.1 Company Overview
18.3.7.2 Product Portfolio
18.3.7.3 Financials
18.3.7.4 SWOT Analysis
18.3.8 JBM Auto Limited
18.3.8.1 Company Overview
18.3.8.2 Product Portfolio
18.3.8.3 Financials
18.3.9 Mahindra Electric Mobility Limited (Mahindra & Mahindra Ltd)
18.3.9.1 Company Overview
18.3.9.2 Product Portfolio
18.3.9.3 Financials
18.3.10 MG Motor India Pvt Ltd (SAIC Motor Corporation Limited)
18.3.10.1 Company Overview
18.3.10.2 Product Portfolio
18.3.11 Okinawa Autotech Pvt Ltd
18.3.11.1 Company Overview
18.3.11.2 Product Portfolio
18.3.12 Olectra Greentech Ltd.
18.3.12.1 Company Overview
18.3.12.2 Product Portfolio
18.3.12.3 Financials
18.3.13 Piaggio Vehicles Pvt. Ltd. (PIAGGIO & C. SPA)
18.3.13.1 Company Overview
18.3.13.2 Product Portfolio
18.3.13.3 Financials
18.3.14 Tata Motors Limited (Tata Group)
18.3.14.1 Company Overview
18.3.14.2 Product Portfolio
18.3.14.3 Financials
18.3.14.4 SWOT Analysis
18.3.15 TVS Motor Company (Sundaram - Clayton Limited)
18.3.15.1 Company Overview
18.3.15.2 Product Portfolio
18.3.15.3 Financials
18.3.16 VE Commercial Vehicles Limited
18.3.16.1 Company Overview
18.3.16.2 Product Portfolio
18.3.16.3 Financials
List of Figures
Figure 1: India: Electric Vehicle Market: Major Drivers and Challenges
Figure 2: India: Electric Vehicle Market: Value Trends (in Million US$), 2018-2023
Figure 3: India: Electric Vehicle Market Forecast: Value Trends (in Million US$), 2024-2032
Figure 4: India: Electric Vehicle Market: Volume Trends (in ‘000 Units), 2018-2023
Figure 5: India: Electric Vehicle Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 6: India: Electric Vehicle Market: Breakup by Vehicle Type (in %), 2023
Figure 7: India: Electric Vehicle Market: Breakup by Price Category (in %), 2023
Figure 8: India: Electric Vehicle Market: Breakup by Propulsion Type (in %), 2023
Figure 9: India: Electric Vehicle Market: Breakup by Region (in %), 2023
Figure 10: India: Electric Vehicle (Passenger Vehicles) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 11: India: Electric Vehicle (Passenger Vehicles) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 12: India: Electric Vehicle (Commercial Vehicles) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 13: India: Electric Vehicle (Commercial Vehicles) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 14: India: Electric Vehicle (Other Vehicles) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 15: India: Electric Vehicle (Other Vehicles) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 16: India: Electric Vehicle (Mid-Range) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 17: India: Electric Vehicle (Mid-Range) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 18: India: Electric Vehicle (High/Luxury Range) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 19: India: Electric Vehicle (High/Luxury Range) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 20: India: Electric Vehicle (Battery Electric Vehicle) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 21: India: Electric Vehicle (Battery Electric Vehicle) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 22: India: Electric Vehicle (Hybrid Electric Vehicle) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 23: India: Electric Vehicle (Hybrid Electric Vehicle) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 24: India: Electric Vehicle (Plug-In Hybrid Electric Vehicle) Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 25: India: Electric Vehicle (Plug-In Hybrid Electric Vehicle) Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 26: North India: Electric Vehicle Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 27: North India: Electric Vehicle Market: Breakup by State (in %), 2023
Figure 28: North India: Electric Vehicle Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 29: West and Central India: Electric Vehicle Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 30: West and Central India: Electric Vehicle Market: Breakup by State (in %), 2023
Figure 31: West and Central India: Electric Vehicle Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 32: South India: Electric Vehicle Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 33: South India: Electric Vehicle Market: Breakup by State (in %), 2023
Figure 34: South India: Electric Vehicle Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 35: East India: Electric Vehicle Market: Volume Trends (in ‘000 Units), 2018 & 2023
Figure 36: East India: Electric Vehicle Market: Breakup by State (in %), 2023
Figure 37: East India: Electric Vehicle Market Forecast: Volume Trends (in ‘000 Units), 2024-2032
Figure 38: India: Electric Vehicle Industry: SWOT Analysis
Figure 39: India: Electric Vehicle Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Electric Vehicle Market: Key Industry Highlights, 2023 and 2032
Table 2: India: Electric Vehicle Market Forecast: Breakup by Vehicle Type (in ‘000 Units), 2024-2032
Table 3: India: Electric Vehicle Market Forecast: Breakup by Price Category (in ‘000 Units), 2024-2032
Table 4: India: Electric Vehicle Market Forecast: Breakup by Propulsion Type (in ‘000 Units), 2024-2032
Table 5: India: Electric Vehicle Market Forecast: Breakup by Region (in ‘000 Units), 2024-2032
Table 6: India: Electric Vehicle Market: Competitive Structure
Table 7: India: Electric Vehicle Market: Key Players
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