Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The electric passenger cars industry in India is being driven by the thriving automotive industry, owing to the rapid urbanisation, increasing affordability of cars among the middle-class population, and inflating disposable incomes. In addition to this, the growing efforts by the government to bolster the entry of major electric vehicle manufacturing brands such as Tesla, Inc. in India are likely to be another key factor driving the growth of the market. Moreover, the rising concerns pertaining to air pollution, coupled with the stringent government regulations aimed at controlling the carbon emissions in the country are anticipated to propel the demand for electric vehicles in the forecast period.
The growing research and development activities by the leading market players for the development of advanced automotive features, and the rapid technological advancements are likely to provide impetus to the market growth in the forecast period. For instance, in December 2021, BMW (OTCMKTS: BMWYY) announced the launch of BMW iX in India, the first BMW electric all-wheel drive vehicle (SAV – Sports Activity Vehicle) that offers the benefits of zero emissions, improved agility, and a comfortable and spacious driving experience to its customers. In another case, in December 2021, Hyundai Motor Co. announced that the company will be investing USD 530 million to bring electric vehicles to India, launching six affordable and premium electric car models in the country by 2028.
Market Breakup by Propulsion Type, Charging Type, Class, Range, and Vehicle Type:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the India electric passenger cars market are Tata Motors Limited, Mahindra Electric Mobility Limited, MG Motor India Pvt. Ltd, Hyundai Motor India, Kia India Pvt Ltd., Maruti Suzuki India Limited, Audi India Pvt Ltd., and BMW India, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.