Unit Sales of India Electric Vehicles Market to Soar During the Forecast Period 2017 - 2025 Owing to

Author : Ajaykumar Patil | Published On : 17 Jan 2022

In a new report published by Persistence Market Research titled Electric Vehicle Market: India Industry Analysis (2012-2016) and Forecast (2017-2025),” it has been observed that the India electric vehicles market is expected to expand at a CAGR of 77% in terms of value during the forecast period. According to this report, market players are focusing on expanding their presence in India where the electric vehicles industry is growing at a rapid rate. Key players operating in the market are focusing on entering into tie-ups with local vendors, distributors and aftermarket companies to promote their products.

The electric vehicle market in India is anticipated to create lucrative opportunities for electric vehicle manufacturers as well as for vehicle component manufacturers in the near future. Owing to this fact, huge investments are already being planned by many key vendors in the Indian market to capitalize on the opportunities provided by the high potential market for electric vehicles in the subcontinent.

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FACTS AT A GLANCE

Companies: Mahindra & Mahindra Ltd.,MARUTI SUZUKI INDIA 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 (India) 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 India Pvt. Ltd,Others

Coverage: All major geographies and key segments

Segments: India Electric Vehicles Market Segmented By Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle Technology with Stored Electricity, On-Board Electric, Generator Power Source with Series Hybrid, Parallel Hybrid, Combined Hybrid Powertrain

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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india electric vehicles market

ABSTRACT-

The research study titled Electric Vehicle Market: India Industry Analysis (2012-2016) and Forecast (2017-2025)” uncovers each and every aspect of the market, with the help of a robust research platform. It reveals several macroeconomic factors, SWOT analysis, regulatory aspects, and other angles which govern the dynamics of the market influencing its growth. These traits help in devising an accurate marketing strategy or entry tactic, simultaneously dealing with the unforeseen events present within the market scenario.

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Persistence Market Research adopts a strong research methodology to collect and analyse dataAt Persistence Market Research, a unique research methodology is applied to gather the necessary market data. Secondary research followed by primary research and key opinions from domain experts, market observers and other external sources is carried out. The initial secondary research is initiated which is extensive in nature and covers all the angles of the India electric vehicle market following which a primary research is carried out to deep dive even further. Simultaneously, market observers and domain experts that have completely unbiased opinion about the market, are consulted either via face to face interview or via telephonic interview, and key aspects and data points are stacked which are re-examined in the next primary interviews. This implies that each key aspect or statistic or number is cross checked, re-verified, evaluated, analysed and validated over the course of the entire research. As every conversation gives a more or less different view, the statistics and data undergo a triangulation process to arrive at a certain number.

This data point reflects maximum accuracy which fuels the credibility of the information provided in the India electric vehicle market report.The research report on India electric vehicle market includes a separate dedicated section which covers competitive landscape. This includes information on the key players dealing with electric vehicles. The competitive analyses on these key players reflects a detailed knowhow on their current scenario, their geographical spread, their expansion plans, the new strategies they have come up with, new developments in their products as well as innovation to enhance their product portfolio, mergers and acquisitions as an expansion strategy, marketing strategies, market share, revenue, company strength, strategic alliances, etc. This can give the reader a broad idea of the happening events in the market, initiated by these players which the help of which new plans or tactics can be developed and implemented.

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