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All the roads lead to a Greener India in 2019 : Bonafide Marketing

electric vehicle market research

electric vehicle market research

Owing to increasing number of Electric Vehicle options made available in India the consumers are opting to go green and save the environment.
Electric Vehicles uses a battery to store the electric energy that powers the vehicle. Electric Vehicle (EV) is sometimes referred to as Battery Electric Vehicle (BEV).EV batteries are charged by plugging the vehicle in to an electric power source. Electric Vehicles are typically more expensive than similar conventional vehicles, however some cost can be recovered through fuel savings. Rechargeable batteries used in electric vehicles include lead–acid, NiCd, nickel–metal hydride, lithium-ion, Li-ion polymer, and, less commonly, zinc–air and molten-salt batteries. Most electric vehicles have used lead-acid batteries due to their mature technology, high availability, and low cost. For now, our safest bet is to use the tried-and-true lead acid battery for Electric Vehicle. The initial cost is still a significant savings over lithium-ion batteries. If lead-acid batteries are maintained properly, they will function at 80–90% efficiency.
New electric vehicles on road from 2018 to 2019
In 2018, Mahindra launched its first lithium-ion powered three-wheeler vehicle that has a range of 130 km and takes around 4 hours to charge.
Okinawa launched a two-wheeler "Ridge+" in October that comes with a detachable battery feature, has a range of 120 km and a top speed of 55 km/hr.
Bengaluru-based Ather Energy launched the" Ather 450" and" Ather 340" in June. The Ather 450 has a range of 75 km with a top speed of 80km/hr. The Ather 340 has a top speed of 70km/hr with a range of 60km.
In 2019, SUV-specialist Mahindra will launch its third battery-powered passenger vehicle , electric version of the KUV 100. The vehicle is expected to have a range of 150-180 km and would take around 3-4 hours for a complete charge.
Hyundai will kick-start its EV campaign in India with the launch of Kona in the second half of 2019. The stylish SUV will be a CBU unit. With a driving range of 482 km and a top speed of 167 km/hr the Kona Electric will take nine hours to charge fully.
Japanese auto major Nissan Motors will launch the Leaf in India through the imported route. With a range of 400 km, the car takes about 8 hours to charge completely.
Indian auto giant Bajaj Auto will launch an electric three-wheeler next year. The company is already the market leader in petrol powered three wheelers. It may also launch an electric "Qute" later in the year. The Qute is already on sale in a few states
The Pune-based company is ready to roll out "T6X", touted to be amongst the fastest elctric motorcycles ever built. T6X boasts of a top speed of 100 km/hr and has a range of 100 km.
The Haryana-based company is ready to launch at least two electric scooters this year. Twenty Two Motors first came to the forefront after Taiwanese automaker Kymco invested $65 million in the company. The first scooter to be launched by the nascent company is called "Flow".
E-Tron is the first all-electric car by the German auto giant and will debut in India this year. The car has a range of 400 km and takes about 30 mins to charge 80 percent of the battery. E-tron will be imported to India.
The Indian electric bike start-up Ultraviolette Automotive is set to launch the radical-looking electric superbike this year. The bike which looks straight out of a sci-fi movie can attain a top speed of 150 km/hr, making it one of the fastest bikes to ever launch on Indian roads.
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As stated by Bonafide Research in its report India Automotive Lead Acid Battery Market Outlook, 2023," the Government of India has plans to make a major shift to electric vehicles by 2030. Even if India is able to achieve 50-70%, India will be one of the largest adopters of electric mobility. Lead acid battery is the best available option for electric vehicles."
According to Bonafide Research, India overall automotive lead acid battery market has grown with more than 10% CAGR over reviewing period from year 2012-13 to 2017-18. India automotive lead acid battery market is leading by two wheeler battery market, followed by four-wheelers and commercial battery market. As per the Society of India Automobile Manufacturers, the domestic sales of two wheelers in the country stood at more than 20 million units, which are expected to grow at a rapid pace over the next 5 years. India has witnessed a tremendous growth in per capita income thereby resulting in more disposable income in the hands of its citizens. As a result, there has been a sharp increase in the sales of automobiles, particularly of the two wheelers. India has the most number of young people in the world. This is expected to spur the growth of two wheeler lead acid batteries in the forecast period. The automobile industry employs about 19 mn people directly and indirectly. India is the 8 largest commercial vehicle manufacturers in the world. While it is the 2nd largest bus manufacturer, it ranks 5th globally in manufacturing heavy trucks. Growing inclination towards pollution-free electric vehicles coupled with technological developments is expected to increase product demand over the upcoming years.
The two wheeler and four wheeler battery market is anticipated to contribute more than 65% market share of total automotive lead acid battery market by year 2022-23. The major brands which offer lead acid battery in India are Exide and Amaron, which are jointly cater more than 50% of the lead acid battery market.
Major companies that operate into the automotive lead acid battery market in India are Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Limited, TATA AutocompGy Batteries Private Limited, OKAYA Power Pvt. Ltd, Su-kam power system.
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Covered in the report:
• Automotive lead acid battery
• Two wheeler
• Three wheeler
• Commercial vehicle
• Motive Power
How it will help solving your strategic decision-making process??
- India Lead Acid Battery Market By value.
- India Automotive Lead Acid Battery Market By Value.
- India Automotive Lead Acid Battery Market By Volume.
- India Automotive Lead Acid Battery Market Share ByType.
- India Automotive Lead Acid Battery Market Share By Industry.
- India Automotive Lead Acid Battery Market Share By Company.
- India Two Wheeler OEM & Replacement Battery Market By Value & Volume.
- India Three Wheeler OEM & Replacement Battery Market By Value & Volume.
- India Tractor OEM& Replacement Battery Market By Value & Volume.
- India Passenger Vehicle OEM & replacement Battery Market By Value & Volume
- India Commercial OEM & replacement Battery Market By value & Volume
Report Methodology
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automotive lead acid battery products in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

About Bonafide Research
Bonafide Research is a multi-disciplinary research and consulting company which provides all the data required to solve strategic, business and marketing problems. Bonafide is one of the fastest growing market research and consulting company offering syndicated research, custom research and marketing services. Bonafide Research has not only been working with fortune 500 clients but also served to mid-size companies, small specialists and even start-ups. Our quality of work has ensured repeat business, recognition and recommendations from clients across the world.
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