India EV & Hybrid Electric Vehicle Market, 2030: Strategic Analysis - The Penetration of EVs and FHEVs is Expected to Reach as High as 2 Million Vehicles

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Jun 17, 2019, 12:00 ET

DUBLIN, June 17, 2019 /PRNewswire/ -- The "Strategic Analysis of the Indian EV & Hybrid Electric Vehicle Market, 2017-2030" report has been added to ResearchAndMarkets.com's offering.

This study analyses various OEMs and Suppliers and their product strategy. It also estimates growth prospects and development of the charging network, and presents a funding analysis as well.

Tightening emissions standards coupled with plaguing pollution levels have begun to shift the dynamics of the Indian automotive market. While xEV (electric and hybrid vehicles) have gained traction in developed nations internationally, they are yet to do so in the Indian market.

However, projections show that in 2030 about 2 million xEVs will be sold in the country owing to increasing government initiatives and incentives, domestic OEMs' interest towards EVs and the increasing popularity and awareness among Indian customers. However, inherent drawbacks in terms of charging infrastructure, grid management and varying (in comparison to other regions) consumer preferences in terms of product and features hinder the adoption of electric vehicles (EVs).

The aim of this study is to research, analyse and forecast the trends; provide an overview of the EV and Hybrid vehicles market; and discuss the impact of these trends on the growth and performance of key OEMs. This study mainly focusses on the Indian passenger vehicle (PV) market. Over 10 electric and 4 main hybrid vehicle models are expected to hit the Indian market before 2025. Mahindra will have high focus on EVs, while Japanese OEMs such as Nissan, Honda and Toyota are expected to focus on FHEVs in 2023. 48v mild hybrids are expected to be a go-to solution for manufacturers to comply with regulations.

As the Indian government has announced a ban of decade old diesel cars and is expected to introduce laws favouring EVs, this is an opportune time for global brands to introduce their EV/HEV models in India as a strategic move to arrest falling sales. Start-ups, with distinctive product features that also resonate with the cultural ethos, could look at gaining a definitive edge in this competitive market.

Key Features

Objectives of the Study

Provide a strategic overview of the Indian EV and hybrid vehicle market
Present an overview of key technological trends, including battery technology, charging systems and engine downsizing
Predict growth trends across various segments and regions
Analyse the positioning of EVs
Understand and forecast the market share of key market participants and evaluate their strategies
Discuss the cost comparison between EVs/FHEVs and conventional internal combustion engine (ICE) vehicles
Develop the market's future outlook, including study conclusions

Key Issues Addressed

What is the future scenario of the automotive powertrain market and the role of EVs in it?
Which OEM will lead the passenger EV and hybrid vehicle market?
What are the technology and market roadmaps for the future of EVs and FHEVs?
How do various OEMs position themselves and their EV/FHEV strategies towards 2025?

Key Topics Covered:

1. Executive Summary

Key Findings
Scenario (Push from OEMs & Moderate Govt. Support)
Key OEM Sales Share-2023 and 2030
EV Charging Infrastructure Developments
Battery Pricing Trend Analysis
Key OEM Focus-2023
Key OEM Focus-2030
Expected & Present Model Line-up

2. Research Scope, Objectives, Background and Methodology

Research Scope
Research Aims and Objectives
Key Questions this Study will Answer
Key OEMs or Participant Groups Compared in this Study

3. Definitions and Segmentation

Product Segmentation

4. Electric And Hybrid Vehicle Ecosystem In India

Current Electric Vehicle Market in India (2017)
EV/FHEV Ecosystem
Current Publicly Accessible Charging Infrastructure in India

5. Support Measures For EVs And Hybrids in India-Regulatory Framework & Incentives

Government Initiatives-Overview
Ban on Diesel Vehicles and Focus on Electric Mobility
NITI Aayog-Strategy for Electrification (2030)
FAME India-Roadmap (2015-2020)
Key Testing & Certification Agencies

6. Forecast and Trends-2017-2030: Scenario Analysis

Scenario (Push from OEMs & Moderate Govt. Support)
Forecast Scenario Assumptions

7. Charging Infrastructure Development-Key Challenges and Initiatives

Number of Public Charging Stations Vs. EV/HEV Parc Comparison
EV Charging Infrastructure Developments
Energy Price Benchmarking with Key Nations
Charging Infrastructure Business Models
Smart Grid Implementation in India
Smart City Investment
Renewables-Future of Renewables Availability in India
Standardisation of Charging Infrastructure
CHAdeMO Charging-Widely Adopted
EV Charging Stations-Potential Business Models

8. Battery Development-Key Challenges and Initiatives

Cost Comparison of Components
Li-ion Battery Cost Breakdown
Battery Pricing Trend Analysis
Government Investment in Li-on Battery Production & Technology
Private Investment in Li-ion Battery Production & Technology
Comparative Analysis of Complexity and Cost of Powertrains

9. 48v Mild Hybrids-Bridging the Gap

Need for 48v-Emission Regulations
Comparative Benchmarking of 48v System and xEVs

10. Key OEM Approaches

Key OEM Sales Share-2023 and 2030
Key OEM Focus-2023
Key OEM Focus-2030
Expected & Present Model Line-up
Maruti Suzuki
Hyundai
Mahindra Electric
Tata Motors
Nissan

11. EV & Hybrid Vehicles Industry In India-Suppliers

Sun Mobility-Focusing of Charging Infrastructure
Bosch-Comprehensive Solutions
Continental-Focus on 48v and Full Hybrids
Delphi-Focus on 48v and Full Hybrids
Other Potential Suppliers
Opportunities for Component Suppliers
Mahindra Electric-Ola Vehicle Project: Nagpur

12. Growth Opportunities and Companies to Action

Growth Opportunity-Social Collaboration
Strategic Imperatives for Indian EV/HEV Industry

13. Conclusions and Future Outlook

Indian EV/HEV Market-Conclusions and Future Outlook
Legal Disclaimer

14. Appendix

Mission 2030-Customer Opinion: City-Type Wise
Abbreviations and Acronyms Used

Companies Mentioned

Bosch
Continental
Delphi
Hyundai
Mahindra Electric
Maruti Suzuki
Nissan
Sun Mobility Private Limited
Tata Motors

For more information about this report visit https://www.researchandmarkets.com/r/uci34i

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