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Strategic Analysis of the Indian EV & Hybrid Electric Vehicle Market, 2017–2030
Strategic Analysis of the Indian EV & Hybrid Electric Vehicle Market, 2017–2030
With the Push from the Indian Government towards All-electric Vehicles, the Penetration of EVs and FHEVs is Expected to Reach as High as 2 Million Vehicles by 2030
RELEASE DATE
06-Jun-2019
06-Jun-2019
REGION
South Asia, Middle East & North Africa
South Asia, Middle East & North Africa
Research Code: ME6B-01-00-00-00
SKU: AU01862-SA-MR_23244
$4,950.00
In stock
SKU
AU01862-SA-MR_23244
Description
Tightening emissions standards coupled with plaguing pollution levels have begun to shift the dynamics of the Indian automotive market. While xEV (electric and hybrid vehicles) have gained traction in developed nations internationally, they are yet to do so in the Indian market. However, projections show that in 2030 about 2 million xEVs will be sold in the country owing to increasing government initiatives and incentives, domestic OEMs’ interest towards EVs and the increasing popularity and awareness among Indian customers. However, inherent drawbacks in terms of charging infrastructure, grid management and varying (in comparison to other regions) consumer preferences in terms of product and features hinder the adoption of electric vehicles (EVs). The aim of this study is to research, analyse and forecast the trends; provide an overview of the EV and Hybrid vehicles market; and discuss the impact of these trends on the growth and performance of key OEMs. This study mainly focusses on the Indian passenger vehicle (PV) market. Over 10 electric and 4 main hybrid vehicle models are expected to hit the Indian market before 2025. Mahindra will have high focus on EVs, while Japanese OEMs such as Nissan, Honda and Toyota are expected to focus on FHEVs in 2023. 48v mild hybrids are expected to be a go-to solution for manufacturers to comply with regulations. As the Indian government has announced a ban of decade old diesel cars and is expected to introduce laws favouring EVs, this is an opportune time for global brands to introduce their EV/HEV models in India as a strategic move to arrest falling sales. Start-ups, with distinctive product features that also resonate with the cultural ethos, could look at gaining a definitive edge in this competitive market.
This study analyses various OEMs and Suppliers and their product strategy. It also estimates growth prospects and development of the charging network, and presents a funding analysis as well.
Key Features
Objectives of the Study
- Provide a strategic overview of the Indian EV and hybrid vehicle market
- Present an overview of key technological trends, including battery technology, charging systems and engine downsizing
- Predict growth trends across various segments and regions
- Analyse the positioning of EVs
- Understand and forecast the market share of key market participants and evaluate their strategies
- Discuss the cost comparison between EVs/FHEVs and conventional internal combustion engine (ICE) vehicles
- Develop the market’s future outlook, including study conclusions
Key Issues Addressed
- What is the future scenario of the automotive powertrain market and the role of EVs in it?
- Which OEM will lead the passenger EV and hybrid vehicle market?
- What are the technology and market roadmaps for the future of EVs and FHEVs?
- How do various OEMs position themselves and their EV/FHEV strategies towards 2025?
Author: Prajyot Sathe
Table of Contents
Key Findings
Frost & Sullivan Scenario (Push from OEMs & Moderate Govt. Support)
Key OEM Sales Share—2023 and 2030
EV Charging Infrastructure Developments
Battery Pricing Trend Analysis
Key OEM Focus—2023
Key OEM Focus—2030
Expected & Present Model Line-up
Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Key OEMs or Participant Groups Compared in this Study
Product Segmentation
Current Electric Vehicle Market in India (2017)
EV/FHEV Ecosystem
Current Publicly Accessible Charging Infrastructure in India
Government Initiatives—Overview
Ban on Diesel Vehicles and Focus on Electric Mobility
NITI Aayog—Strategy for Electrification (2030)
FAME India—Roadmap (2015–2020)
Key Testing & Certification Agencies
Frost & Sullivan Scenario (Push from OEMs & Moderate Govt. Support)
Forecast Scenario Assumptions
Number of Public Charging Stations Vs. EV/HEV Parc Comparison
EV Charging Infrastructure Developments
Energy Price Benchmarking with Key Nations
Charging Infrastructure Business Models
Smart Grid Implementation in India
Smart City Investment
Renewables—Future of Renewables Availability in India
Standardisation of Charging Infrastructure
Standardisation of Charging Infrastructure (continued)
CHAdeMO Charging—Widely Adopted
EV Charging Stations—Potential Business Models
Cost Comparison of Components
Li-ion Battery Cost Breakdown
Battery Pricing Trend Analysis
Government Investment in Li-on Battery Production & Technology
Private Investment in Li-ion Battery Production & Technology
Comparative Analysis of Complexity and Cost of Powertrains
Need for 48v—Emission Regulations
Comparative Benchmarking of 48v System and xEVs
Key OEM Sales Share—2023 and 2030
Key OEM Focus—2023
Key OEM Focus—2030
Expected & Present Model Line-up
Maruti Suzuki
Hyundai
Mahindra Electric
Tata Motors
Nissan
Sun Mobility—Focusing of Charging Infrastructure
Bosch—Comprehensive Solutions
Continental—Focus on 48v and Full Hybrids
Delphi—Focus on 48v and Full Hybrids
Other Potential Suppliers
Opportunities for Component Suppliers
Opportunities for Component Suppliers (continued)
Mahindra Electric—Ola Vehicle Project: Nagpur
Growth Opportunity—Social Collaboration
Strategic Imperatives for Indian EV/HEV Industry
Indian EV/HEV Market—Conclusions and Future Outlook
Legal Disclaimer
Mission 2030—Customer Opinion: City-Type Wise
Abbreviations and Acronyms Used
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
Tightening emissions standards coupled with plaguing pollution levels have begun to shift the dynamics of the Indian automotive market. While xEV (electric and hybrid vehicles) have gained traction in developed nations internationally, they are yet to do so in the Indian market. However, projections show that in 2030 about 2 million xEVs will be sold in the country owing to increasing government initiatives and incentives, domestic OEMs’ interest towards EVs and the increasing popularity and awareness among Indian customers. However, inherent drawbacks in terms of charging infrastructure, grid management and varying (in comparison to other regions) consumer preferences in terms of product and features hinder the adoption of electric vehicles (EVs). The aim of this study is to research, analyse and forecast the trends; provide an overview of the EV and Hybrid vehicles market; and discuss the impact of these trends on the growth and performance of key OEMs. This study mainly focusses on the Indian passenger vehicle (PV) market. Over 10 electric and 4 main hybrid vehicle models are expected to hit the Indian market before 2025. Mahindra will have high focus on EVs, while Japanese OEMs such as Nissan, Honda and Toyota are expected to focus on FHEVs in 2023. 48v mild hybrids are expected to be a go-to solution for manufacturers to comply with regulations. As the Indian government has announced a ban of decade old diesel cars and is expected to introduce laws favouring EVs, this is an opportune time for global brands to introduce their EV/HEV models in India as a strategic move to arrest falling sales. Start-ups, with distinctive product features that also resonate with the cultural ethos, could look at gaining a definitive edge in this competitive market.
This study analyses various OEMs and Suppliers and their product strategy. It also estimates growth prospects and development of the charging network, and presents a funding analysis as well.--BEGIN PROMO--
Key Features
Objectives of the Study
- Provide a strategic overview of the Indian EV and hybrid vehicle market
- Present an overview of key technological trends, including battery technology, charging systems and engine downsizing
- Predict growth trends across various segments and regions
- Analyse the positioning of EVs
- Understand and forecast the market share of key market participants and evaluate their strategies
- Discuss the cost comparison between EVs/FHEVs and conventional internal combustion engine (ICE) vehicles
- Develop the market’s future outlook, including study conclusions
Key Issues Addressed
- What is the future scenario of the automotive powertrain market and the role of EVs in it?
- Which OEM will lead the passenger EV and hybrid vehicle market?
- What are the technology and market roadmaps for the future of EVs and FHEVs?
- How do various OEMs position themselves and their EV/FHEV strategies towards 2025?
Author: Prajyot Sathe
| Deliverable Types | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Prajyot Sathe |
| Industries | Automotive |
| WIP Number | ME6B-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9882-A6,9AF6-A6,9B02-A6 |