India is emerging as a strong market for electric vehicles due to business opportunities in the automotive sector. The Indian government has initiatives like FAME and NEMMP to promote EVs and aims for 30% adoption by 2030. Major players in EVs include Mahindra Electric and Tata Motors. Challenges include developing policies and infrastructure like charging stations, as the Indian EV market is still immature compared to countries like Norway.
What Is The Future of Electric vehicles in India by 2030
Under this mission, the Government would use the following mechanisms/ policies to increase the usage of electric vehicles in India
National Electric Mobility Plan (NEMMP) 2020 targets to deploy 5 to 7 million electric vehicles in the country by 2020
Permissive legislation: Legislations to allow usage of electric vehicles in various areas, if not already allowed.
Source- http://e-vehicleinfo.com/
State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analy...Mirdul Amin Sarkar
Electric Vehicle(EV) is the sexiest transportation system of the 21st century. In India, Electric Vehicles (EVs) are the new talk of town not only because it helps to reduce emissions, but also they give the owner a status in society, that of one conscious of the environment, a green crusader of sorts
According to the research published by BIS Research, the India Electric Vehicle Ecosystem Market registering a CAGR of 43.13% between 2019 and 2030.
View the Report: https://bisresearch.com/industry-report/india-electric-vehicle-market.html
Thanks to the overwhelming response to our first report, we have had to quickly bring out an update. Have tried to incorporate all your suggestions and comments on the first report and it has allowed us to refresh some other data too.
Electric vehicles in India- scope and challengesAbhishek Kumar
Importance of EVs, Market Scenario and Government of India Initiatives. EVs will play an important role in moving towards the initiation of green energy and changing the economy around the world.
Electric vehicle charging infrastructure in India: Challenges and road aheadIET India
Charging infrastructure is the backbone for EV adoption in India, in the same way as Internet was for e-commerce. The Government of India announced an outlay of ₹10,000 crore for
FAME 2 to boost the number of electric vehicles in India and a total of ₹1,000 crore has been earmarked for setting up charging stations for EVs. Much of the remaining policy are
behavioural modifications and demand incentives for end users. However, the adoption relies heavily on how we crack the chicken and egg situation of charging infrastructure.
IET’s Future of Mobility and Transport Panel brought together a set of EV infrastructure experts drawn from organisations representing battery manufacturers, fleet operators, charging service providers, fintech firms as well as the Government of India in a bid to articulate current challenges in adoption of EV vehicles in India. Read the report to get answers to your questions regarding: Should fleet owners go beyond their core competency and deploy charging infrastructure or should the government plan for the demand? What will the numbers look like in 3 years? How
can demand load planning be done with the distribution companies? What business models will be successful?
India Electric Vehicle Market 2018 2025: Report SampleANS MarketPro
India Electric Vehicle Market 2018-2025: Analytics, Value Chain, Strategy, Investment and Competitor Mapping, By Type of EV Technology (BEV, PHEV), By Type of Vehicle (Passenger Cars, Two-Wheelers, Three-Wheelers, Commercial Vehicles), By Charging Infrastructure (Normal Charging and High-Power Charging), By End-user (Individuals, Commercial Enterprises and Government) and Geography
What Is The Future of Electric vehicles in India by 2030
Under this mission, the Government would use the following mechanisms/ policies to increase the usage of electric vehicles in India
National Electric Mobility Plan (NEMMP) 2020 targets to deploy 5 to 7 million electric vehicles in the country by 2020
Permissive legislation: Legislations to allow usage of electric vehicles in various areas, if not already allowed.
Source- http://e-vehicleinfo.com/
State of the-Indian Electric Vehicle Infrastructure Market (An In-depth analy...Mirdul Amin Sarkar
Electric Vehicle(EV) is the sexiest transportation system of the 21st century. In India, Electric Vehicles (EVs) are the new talk of town not only because it helps to reduce emissions, but also they give the owner a status in society, that of one conscious of the environment, a green crusader of sorts
According to the research published by BIS Research, the India Electric Vehicle Ecosystem Market registering a CAGR of 43.13% between 2019 and 2030.
View the Report: https://bisresearch.com/industry-report/india-electric-vehicle-market.html
Thanks to the overwhelming response to our first report, we have had to quickly bring out an update. Have tried to incorporate all your suggestions and comments on the first report and it has allowed us to refresh some other data too.
Electric vehicles in India- scope and challengesAbhishek Kumar
Importance of EVs, Market Scenario and Government of India Initiatives. EVs will play an important role in moving towards the initiation of green energy and changing the economy around the world.
Electric vehicle charging infrastructure in India: Challenges and road aheadIET India
Charging infrastructure is the backbone for EV adoption in India, in the same way as Internet was for e-commerce. The Government of India announced an outlay of ₹10,000 crore for
FAME 2 to boost the number of electric vehicles in India and a total of ₹1,000 crore has been earmarked for setting up charging stations for EVs. Much of the remaining policy are
behavioural modifications and demand incentives for end users. However, the adoption relies heavily on how we crack the chicken and egg situation of charging infrastructure.
IET’s Future of Mobility and Transport Panel brought together a set of EV infrastructure experts drawn from organisations representing battery manufacturers, fleet operators, charging service providers, fintech firms as well as the Government of India in a bid to articulate current challenges in adoption of EV vehicles in India. Read the report to get answers to your questions regarding: Should fleet owners go beyond their core competency and deploy charging infrastructure or should the government plan for the demand? What will the numbers look like in 3 years? How
can demand load planning be done with the distribution companies? What business models will be successful?
India Electric Vehicle Market 2018 2025: Report SampleANS MarketPro
India Electric Vehicle Market 2018-2025: Analytics, Value Chain, Strategy, Investment and Competitor Mapping, By Type of EV Technology (BEV, PHEV), By Type of Vehicle (Passenger Cars, Two-Wheelers, Three-Wheelers, Commercial Vehicles), By Charging Infrastructure (Normal Charging and High-Power Charging), By End-user (Individuals, Commercial Enterprises and Government) and Geography
Overall Problem-
It has been estimated that worldwide, the total number of vehicles is most likely to triple by the year 2050, and it will be concentrated in developing regions, leading to energy and ecological calamity. Governmental agencies are now directing their focus on the development of electric vehicles to avert the impending crisis.
Current Scenario
India currently spends $102 billion on importing crude oil to cover 80 % of its transport needs, putting a strain on the Indian Economy and pointing towards a shortage of energy reserves
soon. The automobile sector has reported an increase in sales, from 21.5 million in FY19 to 26.2 million in FY20, making it lucrative for the transport giants to increase the production of EVs. The move also puts the focus on Indian infrastructure for electricity generation. India produces 374 Gigawatts of electricity, providing for 97.6 % of the households in India, and
around 90% of the rural areas, which indicates that the energy sector may soon face a shortage.
Advantages
The gains consist of environmental and economic benefits. By adopting a shared and electric model for transportation, energy consumption and carbon emissions can be reduced by 64 percent and 37 percent, respectively, by 2030.
Current Framework
Government policy advisor NITI Ayog has proposed electrification for 80 percent of two- and three-wheelers, 30 percent of four-wheelers, and 45 percent of buses by 2030. Authorities have introduced the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles in India (FAME) - II; a scheme that incentivizes the purchase of EVs. It has also been proposed that the Goods and Services Tax (GST) rate on EVs should be reduced from a rate of 12 percent to 5 percent.
The scheme of Battery-swapping has been introduced wherein users pay only when they swap a used battery with a charged one instantly. The market for EV battery-swapping is likely to increase up to $6.1 million by the year 2030
Challenges-
1. Estimate the growth of the 4-wheeler EV segment over 5 years (till FY25). Calculate the projections for all the years.
2. What will be the main challenges of the EV segment to grow in the given scenario of COVID-19?
3. Suppose you are the Indian head of Tata Motors. Propose a detailed plan to increase the penetration of the 4-wheeler private EV in Agra. (Consider COVID-19)
4. Estimate the cost of providing charging spaces in a popular marketplace like Connaught Place in Delhi.
5. Come up with strategies to implement the practice of battery swapping feasibly to the consumers.
An electric vehicle, uses one or more electric motors or traction motors for propulsion.
An electric vehicle may be powered through self-contained battery, solar panels or an electric generator to convert fuel to electricity.
Electric Vehicles Cost/Benefit Analysis by Dick WanderscheidForth
Dick Wanderscheid, Director Renewable Energy Special Projects, Renewable Energy Group at Bonneville Environmental Foundation gave this presentation at Forth's webinar on January 14, 2020.
The global pandemic has had a massive socio-economic impact on the urban mobility sector. As the government eases lockdown measures, urban mobility is becoming a huge focus of anxiety, with a large number of people considering when and how to resume travel. This implies that the transport system will have to be re-designed such that passengers are at a safe enough distance from each other. Serious questions like: will personal vehicles become the safest means to travel? What about the safety of people who cannot afford personal vehicles? What will happen to the present mode of public transport, will need answers.
This report titled, “Resetting for Urban Mobility 2020+ in India” discusses challenges brought in the urban mobility space by the COVID-19 pandemic. The document highlights the key measures to be taken at both the government and individual levels as public
transportation across the globe begins to unlock. Viewpoints from London, Singapore, and India – on the future of urban planning and public transport in response to the ongoing pandemic have also been discussed in this document. Experts from these counties contribute to a deeper understanding of safety measures adopted.
Market Research Report : Electric vehicle market in india 2013 Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
Market Research Report : Electric vehicle market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Government Initiatives, Rise in fuel costs, Low operating and maintenance cost and foreign dependence for crude oil are the key drivers for the Electric Vehicle Market in India. Recently, MNRE had implemented the Alternate Fuels for Surface Transportation Program to subsidize the purchase of electric vehicles. Domestic electric vehicle industry has witnessed significant short term growth owing to the various initiatives undertaken by the Indian government. Fuel costs play a vital role in influencing the consumer’s automobile purchase decision. Indian automobile industry has been witnessing sluggish demand and one of the primary reasons for this is increase in fuel prices. Use of electric vehicles is likely to reduce the increasing dependence on foreign crude oil as electricity can be generated from various natural resources in India. As electric vehicles are considered to be zero-polluting, increasing usage of such vehicles can aid in bringing down the country’s level of pollution.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2011-12- 2014-15) & Inflation rate Monthly (Jul-Aug 2013 – Nov-Dec 2013)
Slide 3: Gross fiscal deficit: Monthly (Feb-2013-Jul 2013) & Exchange Rate: Monthly (Apr 2014- Sep 2014)
Slide 4: Lending rate: Annual (2011-12-2013-14); Trade Balance: Annual (2010-11-2013-14) & FDI: Annual (2009-10-2012-13)
Introduction
Slide 5: Electric Vehicle – Introduction and Types of Electric Vehicles – Technology-wise
Slide 6: Electric Vehicle Market – Transition
Slide 7: Shift towards Electric Mobility
Market Overview
Electric Vehicle
Slide 8: Electric Vehicle Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Market Share – Segment-wise (2012-13)
Slide 9: Vehicle Lifecycle Cost Comparison across Supply Chain – Electric Vehicle vs. ICE Vehicles
Slide 10: Cost Comparison across Manufacturing Process – Electric Vehicle vs. ICE Vehicles
Major Segments
Slide 11: Electric Four Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference – Electric Vehicle Technology-wise
Slide 12-13: Electric Two Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference, Low Speed and High Speed Electric Two Wheeler Specifications
Slide 13: Electric Three Wheelers – Overview, Market Size and Growth (2013-2018e) (Value wise)
Market Analysis
Slide 14: Matrix of Key Challenges to Electric Vehicle Adoption – Segme
The changing dynamics of global automotive sector, India, which is one of the largest markets is on verge of revolution. The dependency of oil and gas import along with environmental issues, have become a challenge and thus shoves think tank to revamp the existing transportation system. The implications of ecofriendly mobility imminences the introduction of electric vehicle (EV) in automobile segment. The project elucidates various global policies that are successful on executing EV and aims to amend the ongoing system in terms of policy and consumer awareness so that introduction & implementation of EV in Indian context becomes smoother.
Market Research Report : Electric vehicles market in china 2015 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Netscribes’ latest market research report titled Electric Vehicle Market in China 2015 highlights the current as well as the future electric vehicle market scenario in China. Led by government support, Chinese Electric Vehicle market is expected to witness phenomenal growth in the coming years. Rising population and growing transport demand provides an impetus to the growth of the market. Foreign dependency on crude oil is expected to emerge as a major growth driver for the Chinese electric vehicle market. Reduction mandate of CO2 emission is also expected to boost the growth prospects of the electric vehicle market in China. However, The players operating in the market also face challenges which are impeding their development and growth. Electric vehicle performance has emerged as a major challenge facing the market growth. Cost constraints and battery life cycle are also expected to have an unfavorable impact on the growth of the Chinese electric vehicle market.
Chinese government has announced several programs to promote the development of EV in China. Some of the major initiatives covered include development plan for fuel-efficient and new energy vehicles (2011-2020), ten cities, one thousand vehicles program and research and development support policies. The government is also offering various fiscal incentives to complement mandatory vehicle efficiency standards Emerging trends in the electric vehicle market include product innovation, infrastructure development and growing competition.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Current Account Balance (2010 – 2015e), Exchange Rate: Half Yearly (Jan 2014 – May 2014)
Slide 3: Lending Rate: Annual (2010 – 2013), Trade Balance: Annual (2009 – 2012), FDI: Net Inflow (2009-2012)
Slide 4: GDP at Current Prices: Annually(2010 – 2015e), Inflation, Average Consumer Prices (2010 – 2015e)
Introduction
Slide 5: Electric Vehicle Market - Segments
Slide 6: Differentiating Factors Overview between electric vehicles (EV) and Plug-in Hybrid Electric Vehicle (PHEV)
Slide 7: Electric Vehicle Battery Overview
Market Overview – Global
Slide 8: Top 21 Electrified Vehicles: Sales Wise (2013)
Slide 9: Global Electric Vehicle Market Segments – Overview (2013)
Slide 10: Top Countries: EV Market Share (% of Total Auto Market)
Market Overview – China
Slide 11: Electric Vehicle Market Overview (Volume – wise; 2013,2015,2020e)
Slide 12: Electric Vehicle – Market Snapshot
Slide 13-16: Top Speed Pure Electric Car Models
Direct Investment Scenario
Slide 17: Direct Investments Scenario – Summary
Slide 18-26: Direct Investments Scenario – Major Companies
Drivers & Challenges
Slide 27: Drivers and Challenges – Summary
Slide 28-33: Drivers
Slide 34-36: Challenges
Key Trends
Slide 37: Trends – Summary
Slide 38-40: Major Trends in the Market
Market Research Report : Electric Vehicles Market in China 2010Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The electric vehicles market which includes battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles has been pegged at USD 1800 mn in 2008. Traditional players of automobile from North America are finding great opportunity in the electric vehicle market in China. Startup companies, whether domestic or foreign players, are looking to invest in the market. Vehicles are powered by lithium-ion batteries which have quite a high power-to-weight ratio and hence are considered to be the best battery for an automotive application. Government, along with domestic players, is looking for lithium-ore mines which show strong growth opportunity for EV market. Government initiatives and subsidies coupled with localization of electric vehicles and its parts manufacturers in China will drive the electric vehicle market in China.
The report begins with an introduction of electric vehicles market indicating different type of electric vehicles and its power sources. It provides information regarding the Chinese automobile market including an overview, automotive sales and share of electric vehicles in 2012 and 2030. This is following by an overview of the electric vehicles market in China and includes its market size and growth, and segmentation. It further talks about advantages and challenges behind different types of electric vehicles namely battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles.
It discusses the initiatives taken by the government, indicating the fund allocated for development of electric vehicles, governments target for the number of EV developed and subsidies for different types of vehicles.
An analysis of drivers explain factors contributing to the growth of electric vehicles market including depleting and dependency on oil reserves, development of battery manufacturers, development of charging stations, development of smart grid, first time car buyer and population advantage. The key challenges identified include high cost of electric vehicles, lack of awareness about energy efficient vehicles and performance shortcomings.
Competition section provides brief profiles of major domestic and foreign players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.
Overall Problem-
It has been estimated that worldwide, the total number of vehicles is most likely to triple by the year 2050, and it will be concentrated in developing regions, leading to energy and ecological calamity. Governmental agencies are now directing their focus on the development of electric vehicles to avert the impending crisis.
Current Scenario
India currently spends $102 billion on importing crude oil to cover 80 % of its transport needs, putting a strain on the Indian Economy and pointing towards a shortage of energy reserves
soon. The automobile sector has reported an increase in sales, from 21.5 million in FY19 to 26.2 million in FY20, making it lucrative for the transport giants to increase the production of EVs. The move also puts the focus on Indian infrastructure for electricity generation. India produces 374 Gigawatts of electricity, providing for 97.6 % of the households in India, and
around 90% of the rural areas, which indicates that the energy sector may soon face a shortage.
Advantages
The gains consist of environmental and economic benefits. By adopting a shared and electric model for transportation, energy consumption and carbon emissions can be reduced by 64 percent and 37 percent, respectively, by 2030.
Current Framework
Government policy advisor NITI Ayog has proposed electrification for 80 percent of two- and three-wheelers, 30 percent of four-wheelers, and 45 percent of buses by 2030. Authorities have introduced the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles in India (FAME) - II; a scheme that incentivizes the purchase of EVs. It has also been proposed that the Goods and Services Tax (GST) rate on EVs should be reduced from a rate of 12 percent to 5 percent.
The scheme of Battery-swapping has been introduced wherein users pay only when they swap a used battery with a charged one instantly. The market for EV battery-swapping is likely to increase up to $6.1 million by the year 2030
Challenges-
1. Estimate the growth of the 4-wheeler EV segment over 5 years (till FY25). Calculate the projections for all the years.
2. What will be the main challenges of the EV segment to grow in the given scenario of COVID-19?
3. Suppose you are the Indian head of Tata Motors. Propose a detailed plan to increase the penetration of the 4-wheeler private EV in Agra. (Consider COVID-19)
4. Estimate the cost of providing charging spaces in a popular marketplace like Connaught Place in Delhi.
5. Come up with strategies to implement the practice of battery swapping feasibly to the consumers.
An electric vehicle, uses one or more electric motors or traction motors for propulsion.
An electric vehicle may be powered through self-contained battery, solar panels or an electric generator to convert fuel to electricity.
Electric Vehicles Cost/Benefit Analysis by Dick WanderscheidForth
Dick Wanderscheid, Director Renewable Energy Special Projects, Renewable Energy Group at Bonneville Environmental Foundation gave this presentation at Forth's webinar on January 14, 2020.
The global pandemic has had a massive socio-economic impact on the urban mobility sector. As the government eases lockdown measures, urban mobility is becoming a huge focus of anxiety, with a large number of people considering when and how to resume travel. This implies that the transport system will have to be re-designed such that passengers are at a safe enough distance from each other. Serious questions like: will personal vehicles become the safest means to travel? What about the safety of people who cannot afford personal vehicles? What will happen to the present mode of public transport, will need answers.
This report titled, “Resetting for Urban Mobility 2020+ in India” discusses challenges brought in the urban mobility space by the COVID-19 pandemic. The document highlights the key measures to be taken at both the government and individual levels as public
transportation across the globe begins to unlock. Viewpoints from London, Singapore, and India – on the future of urban planning and public transport in response to the ongoing pandemic have also been discussed in this document. Experts from these counties contribute to a deeper understanding of safety measures adopted.
Market Research Report : Electric vehicle market in india 2013 Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
Market Research Report : Electric vehicle market in india 2014 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Electric vehicle market is expected to witness phenomenal growth in the coming years. Increasing fuel costs, rise in pollution level and increasing government support will boost the adoption of electric vehicles in India.
The report highlights the analysis of the drivers and explains the factors for growth of the industry. Government Initiatives, Rise in fuel costs, Low operating and maintenance cost and foreign dependence for crude oil are the key drivers for the Electric Vehicle Market in India. Recently, MNRE had implemented the Alternate Fuels for Surface Transportation Program to subsidize the purchase of electric vehicles. Domestic electric vehicle industry has witnessed significant short term growth owing to the various initiatives undertaken by the Indian government. Fuel costs play a vital role in influencing the consumer’s automobile purchase decision. Indian automobile industry has been witnessing sluggish demand and one of the primary reasons for this is increase in fuel prices. Use of electric vehicles is likely to reduce the increasing dependence on foreign crude oil as electricity can be generated from various natural resources in India. As electric vehicles are considered to be zero-polluting, increasing usage of such vehicles can aid in bringing down the country’s level of pollution.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Economic Indicators: GDP at cost factor cost: Quarterly (2011-12- 2014-15) & Inflation rate Monthly (Jul-Aug 2013 – Nov-Dec 2013)
Slide 3: Gross fiscal deficit: Monthly (Feb-2013-Jul 2013) & Exchange Rate: Monthly (Apr 2014- Sep 2014)
Slide 4: Lending rate: Annual (2011-12-2013-14); Trade Balance: Annual (2010-11-2013-14) & FDI: Annual (2009-10-2012-13)
Introduction
Slide 5: Electric Vehicle – Introduction and Types of Electric Vehicles – Technology-wise
Slide 6: Electric Vehicle Market – Transition
Slide 7: Shift towards Electric Mobility
Market Overview
Electric Vehicle
Slide 8: Electric Vehicle Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Market Share – Segment-wise (2012-13)
Slide 9: Vehicle Lifecycle Cost Comparison across Supply Chain – Electric Vehicle vs. ICE Vehicles
Slide 10: Cost Comparison across Manufacturing Process – Electric Vehicle vs. ICE Vehicles
Major Segments
Slide 11: Electric Four Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference – Electric Vehicle Technology-wise
Slide 12-13: Electric Two Wheelers Market – Overview, Market Size and Growth (2013-2018e) (Value wise), Consumer Preference, Low Speed and High Speed Electric Two Wheeler Specifications
Slide 13: Electric Three Wheelers – Overview, Market Size and Growth (2013-2018e) (Value wise)
Market Analysis
Slide 14: Matrix of Key Challenges to Electric Vehicle Adoption – Segme
The changing dynamics of global automotive sector, India, which is one of the largest markets is on verge of revolution. The dependency of oil and gas import along with environmental issues, have become a challenge and thus shoves think tank to revamp the existing transportation system. The implications of ecofriendly mobility imminences the introduction of electric vehicle (EV) in automobile segment. The project elucidates various global policies that are successful on executing EV and aims to amend the ongoing system in terms of policy and consumer awareness so that introduction & implementation of EV in Indian context becomes smoother.
Market Research Report : Electric vehicles market in china 2015 - SampleNetscribes, Inc.
For the complete report, get in touch with us at: info@netscribes.com
Abstract :
Netscribes’ latest market research report titled Electric Vehicle Market in China 2015 highlights the current as well as the future electric vehicle market scenario in China. Led by government support, Chinese Electric Vehicle market is expected to witness phenomenal growth in the coming years. Rising population and growing transport demand provides an impetus to the growth of the market. Foreign dependency on crude oil is expected to emerge as a major growth driver for the Chinese electric vehicle market. Reduction mandate of CO2 emission is also expected to boost the growth prospects of the electric vehicle market in China. However, The players operating in the market also face challenges which are impeding their development and growth. Electric vehicle performance has emerged as a major challenge facing the market growth. Cost constraints and battery life cycle are also expected to have an unfavorable impact on the growth of the Chinese electric vehicle market.
Chinese government has announced several programs to promote the development of EV in China. Some of the major initiatives covered include development plan for fuel-efficient and new energy vehicles (2011-2020), ten cities, one thousand vehicles program and research and development support policies. The government is also offering various fiscal incentives to complement mandatory vehicle efficiency standards Emerging trends in the electric vehicle market include product innovation, infrastructure development and growing competition.
Table of Contents :
Slide 1: Executive Summary
Macroeconomic Indicators
Slide 2: Current Account Balance (2010 – 2015e), Exchange Rate: Half Yearly (Jan 2014 – May 2014)
Slide 3: Lending Rate: Annual (2010 – 2013), Trade Balance: Annual (2009 – 2012), FDI: Net Inflow (2009-2012)
Slide 4: GDP at Current Prices: Annually(2010 – 2015e), Inflation, Average Consumer Prices (2010 – 2015e)
Introduction
Slide 5: Electric Vehicle Market - Segments
Slide 6: Differentiating Factors Overview between electric vehicles (EV) and Plug-in Hybrid Electric Vehicle (PHEV)
Slide 7: Electric Vehicle Battery Overview
Market Overview – Global
Slide 8: Top 21 Electrified Vehicles: Sales Wise (2013)
Slide 9: Global Electric Vehicle Market Segments – Overview (2013)
Slide 10: Top Countries: EV Market Share (% of Total Auto Market)
Market Overview – China
Slide 11: Electric Vehicle Market Overview (Volume – wise; 2013,2015,2020e)
Slide 12: Electric Vehicle – Market Snapshot
Slide 13-16: Top Speed Pure Electric Car Models
Direct Investment Scenario
Slide 17: Direct Investments Scenario – Summary
Slide 18-26: Direct Investments Scenario – Major Companies
Drivers & Challenges
Slide 27: Drivers and Challenges – Summary
Slide 28-33: Drivers
Slide 34-36: Challenges
Key Trends
Slide 37: Trends – Summary
Slide 38-40: Major Trends in the Market
Market Research Report : Electric Vehicles Market in China 2010Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
The electric vehicles market which includes battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles has been pegged at USD 1800 mn in 2008. Traditional players of automobile from North America are finding great opportunity in the electric vehicle market in China. Startup companies, whether domestic or foreign players, are looking to invest in the market. Vehicles are powered by lithium-ion batteries which have quite a high power-to-weight ratio and hence are considered to be the best battery for an automotive application. Government, along with domestic players, is looking for lithium-ore mines which show strong growth opportunity for EV market. Government initiatives and subsidies coupled with localization of electric vehicles and its parts manufacturers in China will drive the electric vehicle market in China.
The report begins with an introduction of electric vehicles market indicating different type of electric vehicles and its power sources. It provides information regarding the Chinese automobile market including an overview, automotive sales and share of electric vehicles in 2012 and 2030. This is following by an overview of the electric vehicles market in China and includes its market size and growth, and segmentation. It further talks about advantages and challenges behind different types of electric vehicles namely battery electric vehicles, plug-in hybrid electric vehicles, hybrid electric vehicles and fuel cell electric vehicles.
It discusses the initiatives taken by the government, indicating the fund allocated for development of electric vehicles, governments target for the number of EV developed and subsidies for different types of vehicles.
An analysis of drivers explain factors contributing to the growth of electric vehicles market including depleting and dependency on oil reserves, development of battery manufacturers, development of charging stations, development of smart grid, first time car buyer and population advantage. The key challenges identified include high cost of electric vehicles, lack of awareness about energy efficient vehicles and performance shortcomings.
Competition section provides brief profiles of major domestic and foreign players in the market. The section contains a snapshot of their corporation, financial performance and business highlights, providing an insight into the existing competitive scenario.
Background
India, the largest market for two-wheelers and the fifth-biggest market for passenger vehicles (cars, vans, and utility vehicles), has a negligible presence of electric vehicles at this point. The government has expressed intent to push manufactures to get into mass manufacturing of electric vehicles to meet its 2030 target in its bid to reduce dependence on imported fuel and control environmental pollution.
India launched its National Electric Mobility Mission Plan 2020 (NEMMP) in 2013 to ease dependence on foreign oil imports. The National Electric Mobility Mission Plan 2020, notified by the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, Government of India seeks to enhance national energy security, mitigate adverse environmental impacts from road transport vehicles and boost domestic manufacturing capabilities for Electric Vehicles (EVs). It is envisaged that EVs are expected to play a significant role in India’s transition to a low-carbon eco-system.
Government of India has formulated a scheme, titled Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India, under the National Electric Mobility Mission Plan 2020, to encourage the progressive induction of reliable, affordable and efficient electric and hybrid vehicles. The scheme is proposed to be implemented till 2020, wherein it is intended to support the hybrid/EVs market development and its manufacturing eco-system to achieve self-sustenance.
About EV
Electric vehicle (EV) is a mode of transport system that utilizes electricity to power their motors, instead of using conventional vehicle fuels. There are two basic types of EVs: all-electric vehicles (AEVs) and plug-in hybrid electric vehicles (PHEVs).
PRESENTS AND FUTURE TRENDS FOR ELECTRIC VHICLES IN INDIA.docxSohamRoy62
This is a presentation for a survey done on current and future trends for electric vehicles in India. This is a Ms word presentation data. The data shown in the Document are purely collected from Google forms and web results. This Project was purely done with the intentions of College Purpose. Your Interest on this Project Presentation Is Highly Appreciated.
The overall share of EVs in India's auto sales has risen sharply to 6.38% in 2023 from 1.75% in 2021, reflecting a growing consumer preference for electric vehicles over a two-year period. According to category-wise data, two-wheelers (2W) and three-wheelers (3W) experienced growth of 37% and 66%.
India offers the world’s largest untapped EV market, especially in the two-wheeler segment. With several automakers rolling out EV vehicles at a rapid pace, the penetration of these vehicles has increased significantly in the past few years. As per a recent study, electric vehicles (EVs) market is expected to be worth around at least ₹475 billion by 2025. The penetration of electric two-wheelers is projected to reach up to 15% by 2025 from 1% currently.
As business activities gain pace and the Indian economy rebounds its way in 2022, the auto industry is set to enter a new phase of growth, innovation and investment. However, the road to the future of EV is battling various challenges. While the government is aggressively promoting EV adoption in India, the inadequate infrastructure, lack of high performing EVs and high upfront cost is causing a major hindrance for its mass adoption.
Capital cost has always been a major factor in th
Capital cost has always been a major factor in the EV purchase decision, with 63% of consumers believing that an EV is beyond their budget. The lack of adequate charging infrastructure in our country is a huge barrier to increased EV penetration. Compared to traditional petrol stations, charging stations are harder to find, normally limited by investment costs and difficult infrastructure development enabling people to charge where they usually park, at home or at work, which presents its own challenges, such as dealing with multi-tenant buildings, grid-connection management, and charging slot availability. It is anticipated that there will be a shortage of nickel, and scaling up lithium production would be a challenge, leading to supply shortage that may cause manufacturers to use lower-quality mineral inputs, adversely affecting battery performance.
Indian officials set the ambitious target of having 30 percent of vehicles powered by electricity by 2030. IESA's 8th India E-mobility Conclave will examine the current policy landscape, roadmap, and outlook for e-mobility in India.
Join the IESA today to receive alerts about the latest articles and events. Don't miss out.
A Study on Customer Perception of Electric Vehicle and Its Impact on Traditio...ijtsrd
India traditionally has been belligerent to any changes. But with the need to curb environmental emissions it has been identified that there is a need to switch from ICE vehicles to Electric Vehicles. This switch is eminent and a necessity in order to fight the climatic and environmental changes which is affecting all living life whether in land, water or air. It is a fact that with substantial shift in the automobile industry towards Electric Vehicles disruption in the automobile supply Chain in imminent. It is true that for those suppliers who are heavily leveraged and unable to adapt it could spell a disastrous financial troubles ahead. This study is an attempt to identify how production and supply of electric vehicles will impact the traditional supply chain in India and suggest ways and methods to incorporate the changes. An attempt has also been made in this study to identify the perception of individuals regarding Electric Vehicle. Because it is the people's choice which will lead to boon or bane for this segment of automobiles. Anuj Vishwamohan Nair "A Study on Customer Perception of Electric Vehicle and Its Impact on Traditional Supply Chain in India" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47516.pdf Paper URL : https://www.ijtsrd.com/engineering/automotive-engineering/47516/a-study-on-customer-perception-of-electric-vehicle-and-its-impact-on-traditional-supply-chain-in-india/anuj-vishwamohan-nair
Information technology lays out its strategies for using technology and infrastructure to help the company reach its goals. Plans are consistent with available means. There are also a number of novel ideas presented that might be included into the strategy to further improve the outcome. The PMCASPL IT department will aid the company's growth by offering a wide range of IT services such as evaluating data from various units and drawing conclusions on how to proceed with business. IT-employee policy, AI/ML integration, blockchain in AQMS, website/app development (Android/iOS), social media account management (technical side), ERP/ERP enterprise resource planning, cyber security, server system, IT communication, networking setup and management, hardware support, software support, cloud service, and backup system are all within the purview of the IT department. As a result, the IT department will offer technical assistance and creative ideas that add value to the company, allowing it to better carry out its commercial operations.
CASE UNDERSTANDING: Manoj Singh and Parth Mittal are college friends. Both of them completed their B.Tech from Bengaluru (Karnataka).While doing job., Manoj who was closely associated with the R&D of his Air Quality company, had developed a concept of a hybrid product. After some time,Manoj and Parth resigned from their respective jobs and formed a Private Limited Company in Bengaluru, named, PM Clean Air Solutions Private Limited (PMCASPL). Both friends were Directors in the company with 50% equity stake with each of them. The final product developed, consisted of 3 separate units of which two were physical units and one was software, which were all synced as one single device. The units are as: Air Sense, Air Quality Management System (AQMS), Air Loop.
BCS SOLUTION SUMMARY: Problem faced by Company- As company’s final product is contain 2 main parts as physical unit and one part as software unit. So, for maintaining the quality of product and inventing new terms in device for fast and pure performance in future. We required skill employee and to expand business in other cities we required best sales executive for business marketing.
CASE UNDERSTANDING: PM Clean Air Solutions Private Limited (PMCASPL) is founded by directors Mr. Manoj Singh and Mr. Parth Mittal. Manoj devised a concept for a hybrid device that can monitor, manage, and suggest combinations to improve the air quality as Manoj was closely involved with the research and development of the air quality company in which he was employed earlier. Parth has been employed by the shipping firm in Kolkata. They both quit their respective occupation in public and decided to start PMCASPL with 50% equity investment by both of them respectively. After considerable work, research and investment utilization, they created the final product prototype containing 3 units. As their idea and prototype was well detailed, t They received investments totalling 10 Crore (INR) from a venture capitalist (SAIF Capital) and another 10 Crore (INR) from angel investors on a show with 5% equity. Being the consulting firm hired by the PMCASPL, we are tasked with providing them with advice on their project with creative and insightful contributions for the financial year 2022–2023 where the allocated budget is 10 Crore (INR). We have been tasked with providing the company with advice on how to set up new production and maintain distribution, define price/financial strategy, develop a marketing plan, and strategy for operations, human resources, and information technology.
BCS SOLUTION SUMMARY: The solution aims to analyze the market for the PMCASPL Air purifier system and come up with an extensive marketing strategy/plan for the company. The solution highlights the analysis of the product, go to market strategy, proper segmentation, targeting and positioning of the product, development of marketing mix strategy, brand establishment and future projection of the company in the minds of the customers and how the sales can be enhances using these strategies.
Business Case 09 - Plan and Proposal for Waste to Wealth for Green Wealth Pvt Ltd by Human Resource Department- Submission Date & Time : 2021-04-03 10:59:34 Submitted By : APURWA SHARMA - From Team Edison
Season 3 Semi Final Business Case Scenario Submission of Submitted By : Lingraj Meher - From Team Wright | Submission Date & Time : 2021-03-14 03:32:32
AIRWAY Drone Service Delivery – On Time, Every Time -HR Recruitment & Training Plan
Season 3 Semi Final Business Case Scenario Submission of Submitted By : Sasturkar Gauri Gajendra - From Team Wright | Submission Date & Time : 2021-03-14 11:02:13
To achieve Break-Even within first year of operations, Brand Establishment and Innovation in processes and product to become Market leader
Season 3 Semi Final Business Case Scenario Submission of Submitted By : Akanksha Nitin Raipatrewar - From Team Wright | Submission Date & Time : 2021-03-14 11:07:28
Rank based approach to achieve financial efficiency
Season 3 Semi Final Business Case Scenario Submission - Submitted By : Ayushi Gupta - From Team Sarabhai | Submission Date & Time : 2021-03-14 10:55:14
Team Sarabhai - B-Plan
Season 3 Semi Final Business Case Scenario Submission - Submitted By : Omkar Dashetwar - From Team Sarabhai | Submission Date & Time : 2021-03-14 11:01:15
Financial Planning and Budget
Season 3 Semi Final Business Case Scenario Submission - Submitted By : Priyanka Tiwari - From Team Edison | Submission Date & Time : 2021-03-14 10:59:01
Recruitment and Training of the Drone Operations Department
Season 3 Semi Final Business Case Scenario Submission - Submitted By : APURWA SHARMA - From Team Edison | Submission Date & Time : 2021-03-14 11:02:12
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Overview on Edible Vaccine: Pros & Cons with Mechanism
does india is doing well?
1. MARKET OUTLOOK OF ELECTRIC VEHICLES
India is to emerge as a strong and potential market for electric vehicles
due to its intense and exploitative business opportunities for
automobile companies. Today EV is one of the biggest opportunities
that we have in India.
WHAT ARE ELECTRIC VEHICLES?
ELECTRIC VEHICLE IS AN ELECYRIC DRIVE VEHICLE,IS A VEHICLE WHICH
USES ONE OR MORE ELECTRIC MOTORS FOR PROPULSION,EV’S STORE
ENERGYIN AN ELECTRIC STORE DEVICE,SUCH ABATTERY.
There are three main types of EVs classed by the degree of their
sources:-
Macro level analysis (international outlook)
The Indian automobile industry is currently ranked 5th
largest in
the world and is set to be the 3rd
largest till 2030. The
Battery Electric
Vehicle (BEV)
•Fullyelectric vehicles.
•Theyare chargedbyan
external source.
•Theycan travel foronly
1-2 miles.
Plug-in Hybrid
Electric Vehicle
(PHEV)
•They can travel for 10-
20 miles.
•Fitted withregenerative
brakingsystem and
plugginginto an
external source of
electric power.
Hybrid Electric
Vehicle (HEV)
•Powered byboth
gasoline andelectric
engines.
• Fittedwith regenerative
brakingsystem.
2. requirement of mobility in India is set to change dramatically in
the near future to cater to the requirement of population of 130
crores.
Considering the government’s initiative working towards
improving mobility requirements, has increased the need to
prepare for green future Indian mobility and reduce dependence
upon fossil fuels.
Norway became the third world leader in the EV market industry
in 2018 after china and United States. WHY?
Commitment to zero emissions.
Set up ambitious goals for all new cars to have zero
emission.
Policy measures such as tax exemptions, toll exemptions and
other promoting incentives.
Large import duties and car registration taxes.
The government target for 30% adoption of the electric vehicles
by 2030 will ne majorly driven by the electrification of the two
electric-wheeler, and commercial vehicles. Lower rate of adoption
73000
361000
1053000
0 500000 1000000 1500000
NORWAY
UNITED STATES
CHINA
NO. OF EVS REGISTERED
3. of electric vehicles in passenger vehicle segment is expected to
have a limited impact on achieving the target.
EV market is expected to grow at a robust rate of 43.13 % during
the forecast period from 2019 to 2030, and installation of
charging infrastructure project to grow at a CAGR of 42.38%.
BS6 norms becoming more prices competitive with conventionally
fueled vehicles, thus accelerating the electric vehicles sales in the
country.
Production of automobiles increased at a CAGR of around 4%
over FY 12-17.
Industry accounts for about 7.1% of the country’s Gross Domestic
Product (GDP).
GOVERNEMENT OF INDIA’S INITIATIVE (VISION 2030)
FAME
Faster adoption and manufacturing of hybrid and electric vehicles
was launched in April 2015 fast track the goals of NMEP 2020
plan.
As a part of National Mission Mobility Plan 2020, under
which govt. provides incentives to lower purchasing cost of
electric vehicles.
Focused on 4 areas technology, Demand creation, pilot
Projects and charging stations.
A budget of Rs 75 crores was allocated which was fully
utilized in 205-16 and a budget of Rs 91 crores has been
utilized for budget allocation of Rs 122.9 crores.
Incentives of about 33 to 66 Lakhs are planned for ach
electric bus with typically costs around Rs 1-2 crores
4. (imported cars) and around Rs 50-80 Lakhs (domestically
manufactured).
Under JNURM (Jawaharlal Nehru Urban Renewal Mission) ,
NEMMP(National electric Mobility Mission Plan) and smart
cities plans launched by the government expected to electric
buses over the next 5 years.
NMEMMP, 2020
(NATIONAL ELECTRIC MOBILITY MISSION PLAN)
NEMMP targets 400000 passenger battery electric cars (BEVs) by
2020 avoiding 120 million barrels of oil and 4 million tons of
carbon dioxide. Total investment required for this be 20000-
23000 Crore.
Permissive legislations to allow usage of electric vehicles.
Operational regulations and frame work aimed at setting safety
regulations , Emissions regulations , vehicles performance
standards , charging standards
Policy for facilitating research and development.
Incentivizing manufacturing and early adoption of electric policies
aimed at encouraging investments and demand creations.
MICRO ANALYSIS (STATE ANALYSIS)
IN India, focus is on getting the public transport fleet into the
electrification journey before focusing on private vehicles. Priority
will be given in order to electric buses, 3 wheelers, fleet cars and
then private cars.
5. DHI has come up with the scheme to assist all 1Mn+ populated
cities to buy Electric Buses with a subsidy support of INR 1.05
billion per city and INR 150 million for charging infrastructure.
Karnataka aroused the fort amongst other state to get notifies
with EV policies.
Karnataka has notified a very comprehension state policy for
electric vehicles.
The policy sets the mission and intension to take leadership
position in the EV business in India.
Availability of charging infrastructure is a prerequisite for
electric mobility. Government of Karnataka will develop
charging infrastructure as a commodity viable business
venture that attracts private investment.
This is a policy which covers all elements like EV
manufacturing, EV charging business and EV sales and lane
preferences for EV.
BANGALORE EMERGED AS THE ONLY PLAYER IN EV
MARKET IN INDIA.
70%
24%
6%
INSTALLED CAPACITY
BANGALORE DELHI
OTHERS
6. About 7100 cars on the road since, introduction of the first
Electric cars in 2001 by REWA (MAHINDRA)
Limited support from the government in the car market.
Currently the market largely limited to 2 cities in India.
Mahindra’s manufacturing plant is located in Bangalore and new
one is being planned at Nasik.
Bangalore has the highest number of EVs in India with only just
6200 vehicles among 7200000 total vehicles.
MARKET SEGMENTATION ANALYSIS
Four segments under EV INDUSTRY:-
Public transport- buses, E- Rickshaws (.02%)
Two-wheelers (33.63%)
Three wheelers (.09%)
Four Wheelers (66.26%)
Under the 4- wheelers segment – nearly 99000 are Hybrid SUV’S
and only about 4000 are EV passengers.
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
100000
2011-2012 2015-2016 2016-2017 2018-2019
97500
20000 22000 25000
350
2000 2000
3000
CARS
TWO-WHEELERS
7. The sales of electric car have been stagnant at 2000 units per
years since the last 2 years.
The 2w industry is now slowly coming out of its slump of 2-15
where it has reached a sale of 20000 units from a high of 100000
in 2011.
The government subsequently slashed the import duty on
batteries from 26 per cent to 4 per cent.
Since, 2012 there were no fiscal incentives available for EV’s and
sales slumped to 20000 units. Now, with the FAME policy, sales
have started to rise but most of the earlier EV wheeler firms have
shut shop.
EV MARKET ESTIMATION:-
2016-2017
revised
classification
as per Niti
Aayog
2016-2017
Domestic
Sales
2026 SIAM
Projections
(min.)
20126
SIAM
Projections
(Max.)
2026 SIAM
Projections
(Median)
Passenger
vehicles-
personal
2132,709 5,170,000 7,370,000 6,270,000
Passenger
vehicles-
commercial/
fleet
914,018 4,230,000 6,030,000 5,130,000
Commercial
vehicles
616,106 1,700,000 3,315,000 2,507,500
Commercial
vehicles
98,126 300,000 585,000 442,500
9. COMMERCIAL VEHICLES
OEM’S – 12
MANUFACTURING UNITS- 34
COMPANIES- Tata motors, Ashok Leyland, Force Motors,
Hindustan Motors, Isuzu Motors, Mahindra, AMW motors Piaggio
Vehicles, SML Isuzu ltd., Eicher, Volvo man force.
TRACTORS
OEM’S – 17
MANUFACTURING UNITS- 20
COAMPANIES- Mahindra, Escorts, Tafe, John Deere and SAS
motors, Trishul Tractors etc.
Mahindra Electric is the first major EV manufacturer In India.
The first and pioneer in the electric vehicle in India.
The company is selling around 180-200 units month across
India.
Recently, launched a new EV model, e-Verito and expecting
sales 350-400 per month.
It has dedicated research and development centers in
Bangalore where over 200 engineers are working on e-
vehicle technology and refinements.
Since, 2010 Mahindra electric has 7000+ customers under
EV segment and has completed over 50 million miles of
electric driving in India.
Partnered with corporate fleet form- Lithium and provides
Electric corporate fleet services in Bangalore.
Partnered with NTPC to launch charging stations in Noida
and Delhi.
10. The company is boosting capacity at it Bangalore facility to
make battery packs from 500 per month to 800 -1000 per
month in the next two-three months.
They are planning to increase their capacity that can help
them to sell over 5000 units per month over all the
categories of vehicles.
They are connected through 33 dealers across 9 states with
60% dealers in Bangalore, Mumbai and Delhi. Charging
stations with 80 locations across 10 cities with 86% located
in Delhi, Kolkata, Bangalore and Pune. Service of free charge
as of now and will charge around 99-60 per charge in future.
TATA MOTORS RECENTLY ENTERED THE MARKET IN
PASSENGER VEHICLES AND ELECTRIC BUSES.
Tata Motors has recently entered the EV market in
passenger vehicles and electric buses.
It plans to deliver 25 Hybrid buses to MMRDA in
Mumbai.
Expected demand from state transport Unions alone
to be around 400000 electric buses in the long run.
It has already launched electric buses in Himachal
Pradesh.
It has launched EV passenger vehicles by winning the
tender of 10000 vehicles.
Tata motors will launch many electric vehicles in India
and it has already showed an electric variant of the
Tiago and has been testing Nano Electric quite
extensively.
11. Tata Motors is setting 400 charging stations in Delhi
alone and has plans for more cities.
EV CHARGING INDUSTRY AND INFRASTRUCTUR
15 firms currently supplying EV chargers in India.
Only 3 firms in 4W, AC chargers so far in India and 10-12 firms in
small 2w AC chargers supply along with their vehicles and a few
OEM’s for EV chargers.
These are Power electronics and battery charger manufacturers
who have diversified into EV chargers.
Firms like ABB India, Delta designs and products and are studying
the technical /specifications, business models and potential for
their products looking for the 4wheelers cars, E chargers.
Most of the Indian firms are also looking at charging investments
and getting theory designs and products at place.
BATTERY MARKET IN INDIA
It accounts for40% of the market in volume terms currently ruled
by lead acid batteries in India.
12. Lithium battery requirements are imported and now we see some
lithium battery packaging happening in India since last year.
Currently there are 2500 market players in making batteries in the
lead acid market and there could be close to another 10000 old
small and unorganized players in the battery market.
Enhanced Maintenance Free (EMF) batteries account for 67% of
the market, VRLA are now gaining prominence is 31% of the
market. Low maintenance batteries accounts for 2% of batteries.
The market is dominated by 2 key players – Exide Industries and
Amar Raja Industries.
0%
10%
20%
30%
40%
50%
60%
70%
OTHERS TELECOM UPS AUTOMOTIVE
SPLIT BY SEGMENT (BASE: 80.5 Mn UNITS)
13. INDIA IS AN IMMATURE MARKET FOR LITHIUM ION OR OTHER
ADVANCED BATTERIES IN THE MARKET.
Lithium ion batteries are starting out in the country and is
currently almost non-existent, last year most of the batteries
were imported from china South Korea , Vietnam,
Singapore and Japan predominantly.
Activities increased in lithium ion batteries packaging in
India.
India may reach a capacity of 1GWH of battery packaging by
2018.
Current lithium ion packaging capacity in India is 500 MWh.
BUSINESS OPPORTUNITIES IN THE INDIAN MARKET
Opportunities in the Indian Market:-
World’s third largest car market by 2026 is now starting its
EV journey – India could learn from the world largest EV
market.
16%
12% 10%
62%
0%
10%
20%
30%
40%
50%
60%
70%
SMALL MEDIUM LARGE VERY LARGE
VOLUME SPLIT BY CAEGORY (BASE: 80.5 Mn UNITS)
14. Firms could lead Indian industry by helping in EV regulations
and standards to being a technology provider foe a smart
mobility program.
EV business throws up multiple new businesses /technology
challenges such as EV charging, smart charging batteries,
cloud based mobility etc. which could be key areas where
technology could be introduced.
CHALLENGES
Policies are still in the making and due to multiple
stakeholders; it may take a while before a clear horizon for
EV emerges.
Existing strong domestic auto industry and ecosystem could
pose a challenge in terms of entry barriers. Local
partnership will be vital for Norwegian companies to enter
the Indian market.
Indian EV market will face initial hiccups and will require
some time to stabilize.
“Value for money” association is vital to succeed in any
business in India – same appliances for EV business a well.