India Electric Vehicle Ecosystem Market to Reach $216.3 Billion by 2030: Research

PTI, Dec 6, 2019, 12:32 PM IST

New Delhi: According to a new market intelligence report by BIS Research, titled “India Electric Vehicle (EV) Ecosystem Market – Analysis and Forecast 2019-2030″, the India EV ecosystem market includes three major sectors, namely electric vehicle market, battery market, and charger market.

The electric vehicle market, battery market, and charger market are expected to witness CAGRs of 53.64%, 58.86%, and 59.58%, respectively, during the forecast period. Browse 108 Market Data Tables and 116 Figures spread through 305 Pages and in-depth TOC on ” India Electric Vehicle Ecosystem Market .”

The electric vehicles market is currently witnessing a high growth rate, owing to the changing trends in the automotive industry. Furthermore, the growing environmental concerns, coupled with a strong push from the government to replace 30% of the total vehicle population by electric vehicles, are anticipated to propel the electric vehicle market in the coming 10 years.

In addition, strict government policies to reduce the carbon footprint across India is another major factor that is expected to create lucrative opportunities for the EV ecosystem market in India for the decade to follow.

According to Ajeya Saxena, Lead Analyst at BIS Research, “The government target for 30% adoption of electric vehicles by 2030 is expected to be majorly driven by the electrification of two-wheeler, three-wheeler, and commercial vehicles in India. Lower rate of adoption of electric vehicles in the passenger vehicle segment is expected to have a limited impact in achieving these targets.”

The market report provides a detailed analysis of the recent trends influencing the EV market, along with a comprehensive study of future trends, policies, and regulatory landscape. It also includes company overview, financial summary, and SWOT analysis. The overall market has been segmented into batteries, charger type, propulsion type, separator type, and region. The report also includes a comprehensive section on the regional analysis for North India, South India, East India, and West India.

Some of the key players in the India electric vehicle ecosystem market are Amara Raja Batteries Ltd., Bharat Heavy Electricals Limited, Coslight India Telecom Pvt. Ltd., Eon Electric Limited, Exicom Power Solutions, Exide Industries Ltd., Greenfuel, HBL Power Systems Ltd., Napino Auto & Electronics Ltd., Okaya Power Pvt. Ltd., Tata Chemicals Ltd., Trontek Group, Ashok Leyland, Ather Energy, Emflux Motors, Olectra Greentech Limited, Hero Electric, Honda Motor Co., Ltd., Hyundai Motor India, JBM Auto Limited, Lohia Auto Industries, Mahindra Electric Mobility Limited, Maruti Suzuki India Limited, Tata Motors, Toyota Kirloskar Motor, Tunwal E-Bike India Pvt. Ltd., TVS Motor Company, ABB Ltd., Delta Electronics, Inc., EV Motors India Pvt. Ltd, Evteq Mobility Private Limited, Exicom Tele-Systems Limited, Indian Oil Corporation Ltd., and JBM Group.

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

I will play IPL next year, will be unfair not to say thank you to Chennai: MS Dhoni

Chhattisgarh: Woman jumps into Chitrakote waterfall, video goes viral

Ram Temple idol installation in Jan 2024: Vishwaprasanna Teertha Swamiji of Pejawar Matha

Prepared for BBMP elections, welcome SC order: Karnataka CM

Gang of international smugglers held with 218 kg of heroin worth Rs 1,500 crore off Lakshadweep coast

CM Bommai’s Davos visit confirmed, to leave on May 22

Hyderabad encounter: Cops “deliberately fired to cause death” of 4 rape suspects: SC Panel

Related Articles More

Uber outlines upfront destination feature, more measures to improve experience for drivers, riders

TVS Motor launches new iQube e-scooter model

JK Tyre expands its OTR range-launches 4 new OTR tyres at Excon 2021

Hyundai ties up with Tata Power to set up EV charging infra

Hero Electric ties up with RevFin to provide loans to EV riders


The success formula of dairy farming

SSC Result : Sirsi Governament School Students Achivement

Important Health Tips Must Watch

NEWS BULLETIN 19-05-2022

Storks enjoy agriculture activity

Latest Additions

I will play IPL next year, will be unfair not to say thank you to Chennai: MS Dhoni

Udupi: 45-year-old man ventures out at night, goes missing

Chhattisgarh: Woman jumps into Chitrakote waterfall, video goes viral

K’taka to implement welfare programmes for SC/STs

‘Shubh Mangal Zyada Saavdhan’, ‘Panchayat’ introduced me to family audience: Jitendra Kumar

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.