India Electric Vehicle Powertrain Systems Market (2017-2023): Forecast By Technology, Components, Vehicle Type & Competitive Landscape - Research and Markets
The "India Electric Vehicle Powertrain Systems Market (2017-2023)" report has been added to Research and Markets' offering.
The India electric vehicle powertrain market is projected to grow at a CAGR of over 26% during 2017-2023. Battery EV powertrain systems captured majority of the market share in terms of revenues, owing to the subsidies and tax rebates offered by government to EV users and manufacturers. Although, charging infrastructure challenges are still present, however government's target of 6 million EVs on roads backed by its firm actions is likely to overcome these challenges during the forecast period.
Stringent regulations on emission and fuel efficiency, government schemes towards adoption of electric vehicles coupled with need for pollution free environment are few of the factors contributing to the growth of electric vehicle powertrain systems market in India. The growth of electric vehicle market is also critical for energy transition in the country, reducing the reliance on oil imports and escalating the demand for renewable power. Further, technology improvement, cost reduction and local manufacturing of lithium ion batteries are expected to catalyse the growth of EV market in India.
In 2016, two wheeler EV registered majority of the market volume, however, as a result of rising income level coupled with cost reduction of electric cars, the passenger car segment is anticipated to register highest growth over the coming years.
Companies Mentioned
- AVTEC Ltd.
- Hyundai Motor India Limited
- Mahindra Reva Electric Vehicles Ltd.
- Maruti Suzuki India Limited
-
TATA Motors Limited
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Global Electric Vehicle Powertrain Systems Market Overview
4 India Electric Vehicle Powertrain Systems Market Overview
5 India Electric Vehicle Powertrain Systems Market Dynamics
6 India Electric Vehicle Powertrain Systems Market Trends
7 India Battery Electric Vehicle Powertrain Systems Market Overview
8 India Hybrid Electric Vehicle Powertrain Systems Market Overview
9 India Electric Vehicle Powertrain Systems Market Overview, By Components
10 India Electric Vehicle Powertrain Systems Market Overview, By Vehicle Types
11 Competitive Landscape
12 India Electric Vehicle Powertrain Systems Market - Ecosystem Analysis
13 India Electric Vehicle Powertrain Systems Market - Import & Export Scenario
14 India Electric Vehicle Powertrain Systems Market - Government Initiatives & Regulations
15 Company Profiles
16 Key Strategic Notes
For more information about this report visit https://www.researchandmarkets.com/research/h66d5c/india_electric
View source version on businesswire.com: http://www.businesswire.com/news/home/20170728005734/en/