India Electric Vehicle Market Research and Forecast Report 2022-2027
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Report Description and Highlights Report Description India Electric Vehicle Market Research Report: According to the latest report by IMARC Group, titled “India Electric Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the ||region2|| electric vehicle market reached a strong growth in 2021. Electric vehicles or EVs are self-propelling automobiles that operate on electricity. They consist of an electric motor that requires a constant energy supply from batteries to function. Some standard electric vehicles include battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. They can be charged by self-charging devices, such as turbochargers and regenerative braking systems, that convert kinetic energy into electrical energy. EVs have also emerged as a convenient and ecofriendly mode of transportation and are increasingly used for conveying passengers and goods. They also reduce harmful exhaust emissions that are usually emitted from fuel-based vehicles. Request Free Sample Report: https://www.imarcgroup.com/india-electric-vehicle-market/requestsample
Report Description and Highlights Report Description India Electric Vehicle Market Trends : The India electric vehicle market is primarily driven by the rising demand for fuel-efficient and highperformance transportation systems. In addition, the increasing prices of transportation fuels like petrol, diesel, and CNG is also fueling the market growth. Besides this, EVs do not emit tailpipe emissions, reduce oil dependency, and are economical to operate compared to traditional automobiles. Asa result, the Government of India is implementing stringent rules and regulations regarding vehicle emissions and promoting the adoption of EVs to reduce carbon footprint, thus facilitating market growth. They are also launching financial aids and subsidies to help consumers purchase EVs. Furthermore, extensive investments to upgrade charging infrastructure, along with technological advancements like the integration of GPS navigation, remote sensors, and anti-theft locking systems, are creating a positive outlook for the market. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Report Description and Highlights Report Description Market Summary: Breakup by Vehicle Type: • Passenger Vehicles • Commercial Vehicles • Others Breakup by Price Category: • Mid-Range • High/Luxury Range Breakup by Propulsion Type: • Battery Electric Vehicle • Hybrid Electric Vehicle • Plug-In Hybrid Electric Vehicle
Report Description and Highlights Report Description Breakup by Region: • North India • West and Central India • South India • East India Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • • • •
Ampere Vehicles Private Limited (Greaves Cotton Limited) Ather Energy Pvt Ltd Atul Auto Limited Bajaj Auto Limited (Bajaj Group) Electrotherm (India) Ltd. Hero Electric (Hero Eco Group) Hyundai Motor India Limited (Hyundai Motor Company) JBM Auto Limited, Mahindra Electric Mobility Limited (Mahindra & Mahindra Ltd) MG Motor India Pvt. Ltd (SAIC Motor Corporation Limited) Okinawa Autotech Pvt. Ltd Olectra Greentech Ltd. Piaggio Vehicles Pvt. Ltd. (PIAGGIO & C. SPA) Tata Motors Limited (Tata Group) TVS Motor Company (Sundaram - Clayton Limited) VE Commercial Vehicles Limited.
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