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Market Research Report: Electric Vehicle Market in India 2010
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Market Research Report: Electric Vehicle Market in India 2010

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For the complete report, get in touch with us at: info@netscribes.com ...

For the complete report, get in touch with us at: info@netscribes.com

The Electric Vehicle Market comprising of electric cars and two-wheelers is expected to witness strong growth. A large number of international and domestic players have plans to enter the market and capitalize on the rising demand for alternative fuel vehicles in India.

The report provides a brief overview of the market including the estimated market size, growth rate. An analysis of drivers reveals that increasing crude oil prices, government initiatives, low maintenance costs, increasing awareness is driving growth in this sector. The key challenges identified are high cost, low performance and lack of supply of spare parts.

The report discusses the current market trends as entry of growing number of players into the market, automobile players are launching EV versions of their conventional models, increase in number of joint ventures, mergers and acquisitions, EV players are seeking carbon credits. The report provides the profile, expansion plans of the major players in the market and also covers the key developments in the sector.

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Market Research Report: Electric Vehicle Market in India 2010 Market Research Report: Electric Vehicle Market in India 2010 Presentation Transcript

  • Electric Vehicle Market – India June 2010
  • Executive Summary Electric vehicle (EV) market in India is at a nascent stage and is expected to grow by 45% over 2008-09 and 2009-10 Market Comprises of electric cars, three wheelers and electric two-wheelers Electric two-wheelers dominate the market with 97.5% of the market LE Drivers: Drivers: – Increasing crude oil prices – Low performance Drivers & Challenges – – MP Government initiatives Low maintenance cost – High price – Lack of supply of spare parts A – Increasing demand for green cars in foreign S market – Manufacturers providing incentives to attract consumers Growing number of players are entering the market Automobile firms are launching EV version of conventional car models Trends Increase in number of joint ventures, mergers and acquisitions EV players are seeking carbon credits Most of the players operates in the electric two wheeler segment only one company operates in the electric car segment Major Players Competition Reve Electric Car Company Electrotherm India Ltd. Kabirdass Motor Ltd. Hero Electric Ltd. ELECTRIC VEHICLE MARKET IN INDIA.PPT 2
  • Electric vehicle market in India is still at a nascent stage but is growing rapidly Market Overview Market Size & Growth – EV • Electric vehicle (EV) market in India is at a nascent Units stage and is expected to grow by a% over 20-- and z 20-- a% o LE • Comprises of electric cars, three wheelers and y n P electric two-wheelers x • Compared to a c% growth in conventional two- M wheeler, sales of electric two-wheelers is expected to w grow by d% to reach e over 20– to 20-- wheeler segment SA Electric two-wheelers comprise of f% of the overall two • Electric car market is g-h% of the overall car market and is expected to account for i% of the market by 0 20-- Segmentation in the EV Market 20--e 20-- • Women constitute j% of the total buyer’s fraternity Electric Car & 3 wheelers of electric cars Electric Two-Wheelers • Electric cars are ideal for covering short distances M% and negotiating congested and narrow roads due to L% size and feasibility • Compared to petrol and diesel-run vehicles, electric vehicles are k% cleaner and have zero emissions ELECTRIC VEHICLE MARKET IN INDIA.PPT 3
  • Drivers & Challenges - Summary Drivers Challenges Increasing crude oil prices Low performance Government initiatives High price Increase in demand for green cars in Lack of supply of spare parts foreign market Low maintenance and operational cost Manufacturers providing incentives to attract consumers ELECTRIC VEHICLE MARKET IN INDIA.PPT 4
  • Key Trends – Summary EV players are seeking carbon Growing number of players are credits entering the market Key Trends Increase in number of Joint Automobile firms are launching ventures, mergers and EV version of conventional car acquisitions models ELECTRIC VEHICLE MARKET IN INDIA.PPT 5
  • Competition – Overview Electric Three- Players Electric Two-wheelers Electric Cars wheelers Company A Company B Company C Company D Company E Company F Company G Company H Company I Company J Company K Company L ELECTRIC VEHICLE MARKET IN INDIA.PPT 6
  • Players in the Market (3/8) Company Snapshot: Reva Electric Car Company Corporate Information Business Overview Headquarters Bangalore • It was formed as a joint venture between Maini Group of India and AEV LLC of California Founded 19-- • In May 20--, Mahindra & Mahindra bought p% Products Electric cars controlling stake in Reva. Following this acquisition the Company will be called Mahindra Reva Electric Vehicle Company Ltd. Key People Chetan Maini – Deputy Chairman • The enterprise value of Reva is expected to be INR q LE bn Future Plans MP • In India, REVA aims to be have its products present in r cities by 20-- SA • The Company sells its products and conducts test marketing in s countries across Europe, Asia and S America. It is looking to begin distribution in t to u countries by 20-- to establish REVA as a global electric vehicle brand • It is building a new environment friendly assembly plant in Bangalore with a capacity of v units per year that is due for completion by end-20-- • Exploring a model of franchise manufacturing to access global markets Source: ELECTRIC VEHICLE MARKET IN INDIA.PPT 7
  • Thank you for the attention The Electric Vehicle Market - India report is part of Research on India’s Automobile Industry Series For more detailed information or customized research requirements please contact: Gagan Uppal Gaurav Kumar Phone: +91 22 4098 7530 Phone: +91 33 4064 6214 E-Mail: gagan.uppal@netscribes.com E-Mail: gaurav.kumar@netscribes.com Research on India is a product of Netscribes (India) Pvt. Ltd. Research on India is dedicated to disseminating information and providing quick insights on “hot” industries in India and other emerging markets. Track our new releases and major updates in these industries on About Netscribes Netscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used the preparation, Research on India, Netscribes (India) Pvt. Ltd. or “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes (India) Pvt. Ltd. and prior permission is required for guidelines on reproduction. ELECTRIC VEHICLE MARKET IN INDIA.PPT 8