India Electric Car Market Size, Share, Trends, Sales 2032
India Electric Car Market By Technology (Battery Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicle) By Battery (LFP, Li-NMC and Others) By Product (Hatchback, Sedan, SUV and Others) By End-User (Shared Mobility Providers, Government Organizations, Personal Users and Others): Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 3.16 Billion | USD 48.66 Billion | 35.49% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- 1.3.3. Level 1: Primary Research
- 1.3.4. Level 2: Secondary Research
- 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
- 1.1. Report Description
- Chapter 2. Executive Summary
- 2.1. India Electric Car Market , 2024-2032, (USD Billion)
- 2.2. India Electric Car Market: Market snapshot
- Chapter 3. India Electric Car Market - Industry Analysis
- 3.1. Introduction
- 3.2. Industry ecosystem analysis
- 3.3. Battery landscape
- 3.4. Market Drivers
- 3.4.1. India
- 3.4.1.1. Government schemes and subsidies
- 3.4.1. India
- 3.5. Restraints
- 3.5.1. Lack of adequate charging infrastructure and related value chain
- 3.6. Opportunity
- 3.7. Innovation & sustainability
- 3.8. Regulatory landscape
- 3.9. Porter's Five Forces Analysis
- 3.10. PESTLE Analysis
- 3.11. India Electric Car Market: Market Attractiveness Analysis
- 3.11.1. Market Attractiveness Analysis by Technology Segment
- 3.11.2. Market Attractiveness Analysis by Battery Segment
- 3.11.3. Market Attractiveness Analysis by Product Segment
- 3.11.4. Market Attractiveness Analysis by End-User Segment
- 3.11.5. Market Attractiveness Analysis by Regional Segment
- Chapter 4. India Electric Car Market - Competitive Landscape
- 4.1. Company Market Share Analysis, 2024
- 4.2. Strategic Development
- 4.2.1. Acquisitions and Mergers
- 4.2.2. New Product Launch
- 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
- 4.2.4. Research & Development and Regional Expansion
- Chapter 5. India Electric Car Market - Technology Segment Analysis
- 5.1. India Electric Car Market Revenue Share, by Technology, 2024 & 2032 (USD Billion)
- 5.2. India Electric Car Market by Battery Electric Vehicle, 2024 - 2032 (USD Billion)
- 5.3. India Electric Car Market by Hybrid Electric Vehicle, 2024 - 2032 (USD Billion)
- 5.4. India Electric Car Market by Plug-in Hybrid Electric Vehicle, 2024 - 2032 (USD Billion)
- Chapter 6. India Electric Car Market - Battery Segment Analysis
- 6.1. India Electric Car Market Revenue Share, by Battery, 2024 & 2032 (USD Billion)
- 6.2. India Electric Car Market by LFP, 2024 - 2032 (USD Billion)
- 6.3. India Electric Car Market by Li-NMC, 2024 - 2032 (USD Billion)
- 6.4. India Electric Car Market by Others, 2024 - 2032 (USD Billion)
- Chapter 7. India Electric Car Market - Product Segment Analysis
- 7.1. India Electric Car Market Revenue Share, by Product, 2024 & 2032 (USD Billion)
- 7.2. India Electric Car Market by Hatchback, 2024 - 2032 (USD Billion)
- 7.3. India Electric Car Market by Sedan, 2024 - 2032 (USD Billion)
- 7.4. India Electric Car Market by SUV, 2024 - 2032 (USD Billion)
- 7.5. India Electric Car Market by Others, 2024 - 2032 (USD Billion)
- Chapter 8. India Electric Car Market - End-User Segment Analysis
- 8.1. India Electric Car Market Revenue Share, by End-User, 2024 & 2032 (USD Billion)
- 8.2. India Electric Car Market by Shared Mobility Providers, 2024 - 2032 (USD Billion)
- 8.3. India Electric Car Market by Government Organizations, 2024 - 2032 (USD Billion)
- 8.4. India Electric Car Market by Personal Users, 2024 - 2032 (USD Billion)
- 8.5. India Electric Car Market by Others, 2024 - 2032 (USD Billion)
- Chapter 9. Company Profiles
- 9.1. BMW AG
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product portfolio
- 9.1.4. Business strategy
- 9.1.5. Recent developments
- 9.2. Toyota Kirloskar Motor Pvt. Ltd.
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product portfolio
- 9.2.4. Business strategy
- 9.2.5. Recent developments
- 9.3. Volvo Car Corporation
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product portfolio
- 9.3.4. Business strategy
- 9.3.5. Recent developments
- 9.4. Honda Motor Co. Ltd
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product portfolio
- 9.4.4. Business strategy
- 9.4.5. Recent developments
- 9.5. Tesla
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product portfolio
- 9.5.4. Business strategy
- 9.5.5. Recent developments
- 9.6. Renault Motors
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product portfolio
- 9.6.4. Business strategy
- 9.6.5. Recent developments
- 9.7. Audi AG
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product portfolio
- 9.7.4. Business strategy
- 9.7.5. Recent developments
- 9.1. BMW AG
Table Of Figures
List of Figures
1. India Electric Car Market Segmentation by Technology, Battery, Product, End-User, and Geography
2. India Electric Car Market , 2024-2032 (USD Billion)
3. Porter’s Five Forces Analysis: India Electric Car Market
4. India Electric Car Market Attractiveness, by Technology
5. India Electric Car Market Attractiveness, by Battery
6. India Electric Car Market Attractiveness, by Product
7. India Electric Car Market Attractiveness, by End-User
8. India Electric Car Market Attractiveness, by Regional
9. India Electric Car Market Revenue Share, by Technology, 2024 & 2032 (USD Billion)
10. India Electric Car Market by Battery Electric Vehicle, 2024 – 2032 (USD Billion)
11. India Electric Car Market by Hybrid Electric Vehicle, 2024 – 2032 (USD Billion)
12. India Electric Car Market by Plug-in Hybrid Electric Vehicle, 2024 – 2032 (USD Billion)
13. India Electric Car Market Revenue Share, by Battery, 2024 & 2032 (USD Billion)
14. India Electric Car Market by LFP, 2024 – 2032 (USD Billion)
15. India Electric Car Market by Li-NMC, 2024 – 2032 (USD Billion)
16. India Electric Car Market by Others, 2024 – 2032 (USD Billion)
17. India Electric Car Market Revenue Share, by Product, 2024 & 2032 (USD Billion)
18. India Electric Car Market by Hatchback, 2024 – 2032 (USD Billion)
19. India Electric Car Market by Sedan, 2024 – 2032 (USD Billion)
20. India Electric Car Market by SUV, 2024 – 2032 (USD Billion)
21. India Electric Car Market by Others, 2024 – 2032 (USD Billion)
22. India Electric Car Market Revenue Share, by End-User, 2024 & 2032 (USD Billion)
23. India Electric Car Market by Shared Mobility Providers, 2024 – 2032 (USD Billion)
24. India Electric Car Market by Service, 2024 – 2032 (USD Billion)
25. India Electric Car Market by Government Organizations, 2024 – 2032 (USD Billion)
26. India Electric Car Market by Personal Users, 2024 – 2032 (USD Billion)
27. India Electric Car Market by Others, 2024 – 2032 (USD Billion)
Table Of Tables
List of Tables
1. India India Electric Car Market Revenue, By Technology, 2024 – 2032 (USD Billion)
2. India India Electric Car Market Revenue, By Battery, 2024 – 2032 (USD Billion)
3. India India Electric Car Market Revenue, By Product, 2024 – 2032 (USD Billion)
4. India India Electric Car Market Revenue, By End-User, 2024 – 2032 (USD Billion)
Methodology
FrequentlyAsked Questions
In India, an electric car is a vehicle that is predominantly powered by electricity stored in batteries, as opposed to conventional cars that rely solely on gasoline or diesel. Electric motors are employed to propel these electric vehicles, which are regarded as more environmentally favorable due to their absence of tailpipe emissions. They are becoming increasingly popular in India as a result of government incentives, increasing environmental concerns, and advancements in battery technology, which have rendered them more practical and affordable for consumers.
Market growth is significantly influenced by supportive policies, including subsidies, tax incentives, and grants for the production and acquisition of electric vehicles. In order to foster consumer confidence and the widespread adoption of electric vehicles, it is imperative that charging infrastructure be widely available and expanded across highways and localities.
The India electric car market size was worth around USD 3.16 billion in 2023 and is predicted to grow to around USD 48.66 billion by 2032.
The India electric car market a compound annual growth rate (CAGR) of roughly 35.49% between 2024 and 2032.
- Maharashtra (Mumbai, Pune)
- Delhi-NCR
- Karnataka (Bangalore)
- Tamil Nadu (Chennai)
- Telangana (Hyderabad)
- Andhra Pradesh
Tata, BMW AG, Toyota Kirloskar Motor Pvt. Ltd., Volvo Car Corporation, Honda Motor Co. Ltd, Tesla, Renault Motors, Audi AG, Volvo Car Corporation,, and others.
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