India Electric Vehicle Market Opportunities, And Top Key Players By 2030

1
2022
India Electric Vehicle Market Opportunities,
Growth, Challenges, Business Trends and Forecast
2030
2
In April 2019, the Indian government launched
Phase 2 of the FAME India scheme with a total
investment of INR 10,000 crore phase 1 of the
Fame India scheme was launched in 2014 with an
investment of INR 795 crore, which was later
increased by another hundred crores. The funds
are being used to subsidize electric vehicles
(EV) in the country, so that the problem of air
pollution can be tackled. As per PS
Intelligence, government support is vital for the
Indian electric vehicle market, as without it,
EVs would be out of the reach of the
masses. Compared to the long-proven internal
combustion engine (ICE) technology, electric
propulsion is slightly cost-intensive to achieve.
This is majorly because of the high cost of
batteries, which makes the overall EV expensive.
Moreover, the vehicles also need to be equipped
with a high-voltage charging mechanism, which
further escalates the purchase cost. This is why
the government is not only offering purchase
subsidies and tax rebates on EVs, but also
bearing a major portion of the cost for research
and development (RD), to come up with
cost-effective EV technologies. Request to Get
the Sample Report https//www.psmarketresearch.co
m/market-analysis/india-electric-vehicle-market/re
port-sample
3
Seeing the success of e-rickshaws and potential
customer base for other EVs, a lot of companies
have entered the Indian electric vehicle market,
including Lohia Auto Industries, Hero Electric
Vehicles Pvt. Ltd., Electrotherm (India) Ltd.,
Saera Electric Auto Pvt. Ltd., Ather Energy Pvt.
Ltd., Okinawa Autotech Pvt. Ltd., Tata Motors
Ltd., Mahindra Electric Mobility Ltd., TVS Motor
Co. Ltd., Toyota Kirloskar Motor Pvt. Ltd.,
Olectra Greentech Ltd., Terra Motors Corporation,
and Ashok Leyland Ltd. They are signing sales
agreements not only with public transportation
agencies, such as Delhi Transport Corporation,
but also private shared mobility companies,
including Uber and Ola, to increase the
penetration of clean-energy automobiles. Hence,
bolstered by government support, sales of EVs in
India will definitely pick up in the coming
years. Browse more related reports by PS
Intelligence India Electric Rickshaw Market
Key Trends And Opportunity Areas by Leading
Players Electric Scooter and Motorcycle Market
Emerging Opportunities, And Top Key Players By
2030
4
This study covers 1. Historical and the present
size of the India Electric Vehicle
Market 2. Historical and the present size of the
market segments and understand their comparative
future potential 3. Potential of on-demand
logistics services, so the market players make
informed decisions on the sales of their
offerings 4. Competitive scenario of various
market segments across key countries in several
regions for uncovering market opportunities for
the stakeholders 5. Major players operating in
the market and their service offerings
5
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.