Press release
Indian Electric Vehicle Market is expected to reach US$ 528.27 Bn by 2029, at a CAGR of 90.65% during the forecast period.
Indian Electric Vehicle Market
Maximize Market Research Pvt Ltd's latest report delves into the intricate dynamics of the Indian Electric Vehicle Market, offering a comprehensive analysis of market drivers, restraints, and opportunities. The report encompasses an in-depth examination of the impact of the COVID-19 lockdown on market leaders, followers, and disruptors, considering variations in implementation across regions and segments.
The report employs a robust research methodology to provide a thorough understanding of the market landscape. Decision-makers can glean insights into both short-term and long-term impacts on the market, aiding in the formulation of strategic outlines for companies on a regional basis.
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Indian Electric Vehicle Market Dynamics:
The Indian government's commitment to reducing oil imports and curbing pollution has propelled the electric vehicle market. Strong governmental support, coupled with rising crude oil prices, is driving this market. The government's bold decision to ban petrol and diesel cars by 2030 reinforces its endorsement of green technology, significantly influencing the transportation industry. Initiatives like FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) and NEMMP (National Electric Mobility Mission Plan) 2022 create substantial opportunities for electric vehicles in India. Factors such as low maintenance costs and declining battery prices further favor the adoption of electric vehicles.
Indian Electric Vehicle Market Regional Analysis:
The report provides regional insights, outlining the impact of government initiatives and market dynamics in different parts of India. The ban on traditional cars by 2030 is expected to fuel sales in the passenger cars segment, projecting a 70% market share for electric vehicles by 2029. The stored electricity segment is poised to dominate with an 84.4% market revenue share in 2021, driven by the government's proposal for a widespread charging infrastructure network.
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Indian Electric Vehicle Market Segmentation:
by Technology Type
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Battery Electric Vehicle
by Power Source Type
• Stored Electricity
• On-Board Electric
• Generator
by Vehicle Type
• Two Wheelers
• Passenger Cars
• Commercial Vehicles
• Others
by Powertrain Type
• Series Hybrid
• Parallel Hybrid
• Combined Hybrid
Indian Electric Vehicle Market Key Players:
• Mahindra & Mahindra Ltd.
• MARUTI SUZUKI INDIAN LIMITED
• Toyota Motor Corporation
• AB Volvo
• Tata Motors
• Ashok Leyland
• Hero Electric Vehicles Private Limited
• Honda Motor Co., Ltd.
• Bayerische Motoren Werke AG
• Avon Cycles Ltd
• Lohia Auto Industries
• Electrotherm (Indian) Ltd
• Yamaha Golf-Car Company
• Club Car, LLC
• Speedways Electric
• Maini Material Movement Pvt. Ltd.
• Auto Power
• Carrieall Car Private Limited
• Ampere Vehicles Pvt. Ltd.
• Tunwal E-Vehicle Indian Pvt. Ltd.
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/indian-electric-vehicle-market/14886/
Table of content for the Indian Electric Vehicle Market includes:
1. Global Indian Electric Vehicle Market: Research Methodology
2. Global Indian Electric Vehicle Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Indian Electric Vehicle Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
COVID-19 Impact Analysis on Indian Electric Vehicle Market:
The impact of COVID-19 pandemic on Indian Electric Vehicle market has also been included in the report.
Key Questions Answered in the Indian Electric Vehicle Market Report are:
Which are the prominent players in the Indian Electric Vehicle market?
What key trends are likely to emerge in the Indian Electric Vehicle market in the coming years?
What will be the Indian Electric Vehicle market size by 2029?
Which company held the largest share in the Indian Electric Vehicle market?
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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