openPR Logo
Press release

India Electric Vehicle Battery Market Size to Expand at a CAGR of 27% during 2023-2028

04-26-2023 12:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

India Electric Vehicle Battery Market Size to Expand at a CAGR

According to the latest report by IMARC Group "India Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India electric vehicle battery market is expected to exhibit a growth rate (CAGR) of 27% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Electric vehicle (EV) batteries represent energy storage devices that offer electricity to power battery-based electric engines and vehicle accessories for propulsion. They aid in reducing carbon emissions, eliminating fuel dependency, minimizing maintenance costs, generating high energy per unit mass, etc. Some of the commonly available EV batteries include nickel-metal hydride, lithium-ion, and lead-acid batteries. As compared to fuel-based engines, they provide a noise-free travel experience, a high power-to-weight ratio, cost-effectiveness, etc. Consequently, these batteries are extensively utilized in plug-in hybrid, battery electric vehicles (BEV), and hybrid electric vehicles (HEV), including e-rickshaws, e-cars, bikes, buses, loaders, etc., across India.

Request for a free sample copy of this report: https://www.imarcgroup.com/india-electric-vehicle-battery-market/requestsample

India Electric Vehicle Battery Market Trends:

The shifting consumer preferences from fuel-based automobiles towards EVs are primarily driving the India electric vehicle battery market. Additionally, the introduction of car rental services in the country, such as Uber, OLA, Meru, etc., and the inflating need for electrification of public transport fleets are further catalyzing the market growth. Besides this, the launch of numerous favorable policies by government bodies to encourage the adoption of electric vehicles to curb air pollution, especially across metropolitan cities, and the development of customization options for EV batteries installed in buses, trucks, loaders, excavators, vans, etc., are acting as significant growth-inducing factors. Moreover, they are also gaining extensive traction across various industries, including logistics, construction, transportation, mining, etc., which is stimulating the market growth. Apart from this, the declining costs of high-capacity Li-ion batteries and continuous investments in technological advancements by leading manufacturers are bolstering the market growth. Furthermore, the rising income levels of individuals are expected to fuel the India electric vehicle battery market over the forecasted period.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Battery Type:

Lithium-Ion Battery
Nickel-Metal Hydride Battery
Lead-Acid Battery
Others

Breakup by Propulsion Type:

Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Hybrid Electric Vehicles

Breakup by Vehicle Type:

Passenger Car
Commercial Vehicles
Two-Wheeler

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

Amar Raja Batteries Limited
Exicom Tele-Systems Limited
Exide Industries Ltd
Hero Electric Vehicles Pvt. Ltd
Okaya Power Pvt. Ltd.
Panasonic India Private Limited (Panasonic Corporation)
Samsung SDI Company Limited (Samsung SDI Co., Ltd.)
Tata AutoComp GY Batteries Private Limited
Tata Motors Limited
Toshiba India Pvt. Ltd

Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.imarcgroup.com/request?type=report&id=3962&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release India Electric Vehicle Battery Market Size to Expand at a CAGR of 27% during 2023-2028 here

News-ID: 3030817 • Views:

More Releases from IMARC Group

Retirement Planning Services Business Plan 2025: Market Overview and Investment Insights
Retirement Planning Services Business Plan 2025: Market Overview and Investment …
IMARC Group's "Retirement Planning Services Business Plan and Project Report 2025: Industry Trends, Business Setup, Revenue Model, Investment Opportunities, Income, Expenses, and Profitability" delivers a complete framework for establishing and managing a profitable retirement planning services firm. This report provides detailed insights into market trends, investment opportunities, financial forecasts, and operational models. It serves as a vital tool for entrepreneurs, consultants, and investors aiming to evaluate business feasibility or enhance
Indonesia Facility Management Market Overview & Statistics, Size, Share, Industry Analysis & Report 2033
Indonesia Facility Management Market Overview & Statistics, Size, Share, Industr …
As indicated in the latest market research report published by IMARC Group, titled "Indonesia Facility Management Market Report by Facility Management Type (Inhouse Facility Management, Outsourced Facility Management), Offering Type (Hard FM, Soft FM), End User (Commercial, Institutional, Public/Infrastructure, Industrial, Others), and Region 2025-2033," the report presents a thorough review featuring the Indonesia facility management market share, growth, trends, and research of the industry. Market Size & Future Growth Potential: The Indonesia
Singapore Logistics Market Statistics & Trends, Outlook, Size, Share, Industry Analysis, & Report by 2033
Singapore Logistics Market Statistics & Trends, Outlook, Size, Share, Industry A …
As indicated in the latest market research report published by IMARC Group, titled "Singapore Logistics Market Report by Model Type (2 PL, 3 PL, 4 PL), Transportation Mode (Roadways, Seaways, Railways, Airways), End Use (Manufacturing, Consumer Goods, Retail, Food and Beverages, IT Hardware, Healthcare, Chemicals, Construction, Automotive, Telecom, Oil and Gas, Others), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It
Milk Processing Plant Setup in India 2025: Business Plan, Opportunities, Cost, and Profitability
Milk Processing Plant Setup in India 2025: Business Plan, Opportunities, Cost, a …
Overview: Expanding Opportunities in India's Dairy Processing Sector India's dairy industry is witnessing unprecedented growth, driven by rising consumption of milk and milk-based products, increasing urbanization, and government initiatives supporting rural dairy development. Within this expanding sector, the establishment of a milk processing plant presents a promising business opportunity for entrepreneurs and investors. Milk processing is a crucial component of the dairy value chain, transforming raw milk into products such as

All 5 Releases


More Releases for India

India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035). India Smart Air Purifier Market Overview The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026. The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the
12-11-2018 | Health & Medicine
Pasta
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality. India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc. We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will