This executive summary discusses the India electric vehicle (EV) market from 2018 to 2025. It is expected to grow at a compound annual growth rate of 23.25% during this period. In 2017, electric 2-wheelers captured the largest market share, which is projected to increase to approximately 80% by 2025. Electric 3-wheeler sales are also forecasted to experience significant growth. The major market currently exists in tier I and tier II cities in India. The summary also includes figures depicting projections for EV volume growth and market share by vehicle type, geographical segmentation, and more.
10. Step 1: Define the
Research Problem
and Opportunities
Step 2: Developing
an Approach to the
Problem
Step 3: Research
Design Formulation-
Exploratory,
Descriptive or Causal
Step 3a: Definition
of Information
Needed
Step 3b: Secondary
Data Analysis
Step 3c: Qualitative
Research
Step 3d: Selection of
Methods of
Collecting
qualitative and/or
quantitative data
Step 3e: Selection of
Methods of Collecting
qualitative and/or
quantitative data
Step 3f: Selection of
Measurement and
Scaling procedures
Step 3g:
Development of
Questionnaire
Step 3g: Selection of
Sampling process
and sample size
Step 3g: Plan for
Data Analysis
Step 4: Selection of
Data collection
Method
Step 4a: Collection
of data
Step 5: Data
Preparation and
Analysis
Step 6: Report
Preparation and
Presentation
Our Market Research Design Paradigm
Decode the
management
problem
Convert problem
to measurable
objectives
Collect and
Visualize Data
Present
Structured
Analysis
Decode
Dissect
Display
Desig
n
13. Figure: Forecast - India Electric Vehicle Market, Volume, 2017-2025
Figure describes the Sales / Registrations of Electric Vehicles in India which is
slated to grow at a CAGR of 23.25% between 2017 to 2025
Figure: India Electric Vehicle Market Share, Volume, 2017 and 2025
Figure describes the Market Share by Type of Vehicle in 2017 compared with
2025. The substantial market share is captured by Electric 2-Wheelers in 2017 and
this will increase to approximately 80 percent by 2025
14. Figure: Forecast - India Electric 3-Wheeler Market, Volume, 2017-2025
Figure describes the Sales / Registrations of Electric 2-Wheelers in India which is
slated to grow at a CAGR of ----% between 2017 to 2025
Figure: Forecast - India Electric 2-Wheeler Market, Volume, 2017-2025
Figure describes the Sales / Registrations of Electric 2-Wheelers in India which is
slated to grow at a CAGR of ----% between 2017 to 2025
15. Figure: Geographical Segmentation of India Electric Vehicle Market Volume, 2017
Figure describes the Market Share EV in India by Geography. The substantial market share is captured by Tier I and Tier II cities in 2017 and 2025
Figure: Geographical Segmentation of India Electric Vehicle Market Volume, 2017- 2025
20. Note: Illustration - (1) The ratings values are as follows: 1 = Major weakness, 2 = Minor weakness, 3 = Minor strength, 4 = Major strength. Lowest score indicates the Weakest
Competitor.
