October 1, 2023

India Electric Vehicle Market Competitive analysis is the study of strengths and weaknesses, market investment, market share, market sales volume, and market trends of major players in the market. The  India Electric Vehicle Market study focused on including all the primary-level, secondary level and tertiary-level competitors in the report. The data was generated by conducting primary and secondary research. The report covers a detailed analysis of drivers, constraints and scope for new players entering the India Electric Vehicle Market.

Projected India Electric Vehicle Market size and growth rate of the India Electric Vehicle Market

According to the latest report published by Fortune Business Insights, India electric vehicle market size was valued at USD 1.45 billion in 2021. The market is projected to grow from USD 3.21 billion in 2022 to USD 113.99 billion by 2029, exhibiting a CAGR of 66.52% during the forecast period.

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Top India Electric Vehicle Market Size Manufacturers covered in the India Electric Vehicle Market Report include:

BMW Group (Germany)
Daimler AG (Germany)
Volkswagen (Germany)
Renault Group (France)
Ford Motor Company (U.S.)
Mahindra & Mahindra (India)
TATA motors (India)
Hyundai (South Korea)
MG Motors (U.K.)
Ola Electric (India)

Scope of the Market

The India Electric Vehicle Market Research report incorporates value chain analysis for each of the product types. Value chain analysis offers in-depth information about value addition at each stage. The study includes drivers and restraints for India Electric Vehicle Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The research report includes a major key player analysis with shares of each player inside the market, growth rate and market attractiveness in different end-users/regions. Our study India Electric Vehicle Market helps users to make precise decisions in order to expand their market presence and increase market share.

Recent Key Industry Development:

In January 2022, Hero Electric signed a strategic contract with Mahindra Group. Under this partnership, Mahindra will manufacture two of Hero Electric’s most popular electric scooters – the Optima and NYX – at its Pithampur plant in Madhya Pradesh. The Mahindra Group has been pioneering electric three- and four-wheelers for many years while driving the transition to EV across the consumer and B2B segment.

Report Title:

India Electric Vehicle Market Size, Share & COVID-19 Impact Analysis, By Platform {Two Wheeler, Three Wheeler, Four Wheeler – By Vehicle Type (Passenger cars and Commercial Vehicles) and By Propulsion Type (Battery Electric Vehicle (BEV), and Hybrid Electric Vehicle (HEV))}, and Regional Forecasts, 2022-2029

India Electric Vehicle Market CAGR: 66.52

Report Coverage: Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends

Research Methodology:

To analyze and validate the size of the overall market and other dependent sub-markets covered in this research report, the India Electric Vehicle Market engineering methodology employs a top-down and bottom-up approach, as well as several data triangulation methodologies. The second survey identified the market’s major participants, and the first and second surveys determined the market rankings.

Primary and secondary methodologies were utilized to study actually India Electric Vehicle Market sales and their breakdowns. Extensive primary searches, such as surveys, expert comments, profiles, and secondary ratings to business periodicals, industry directories, paid venues, and others, were conducted for the India Electric Vehicle Market evaluation. Furthermore, the industry research evaluates data obtained from a variety of sector analysts and important market participants along the industry’s value chain to produce a concise quantitative and qualitative analysis.

Segment Covered:

By Platform

  • Two Wheeler
  • Three Wheeler
  • Four Wheeler

Four Wheeler By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

 By Four Wheeler By Propulsion Type

  • (BEV) Battery Electric Vehicle
  • (HEV) Hybrid Electric Vehicle

If You Want More Insights Into The India Electric Vehicle Market, Buy Now This Exclusive Report: https://www.fortunebusinessinsights.com/checkout-page/106623

Report Inclusions:

India Electric Vehicle Market Overview: It includes a product overview and scope of the global India Electric Vehicle Market. It offers a summary of the segmental analysis provided in the report. Here, product, application, and regional segments are highlighted. This chapter also includes India Electric Vehicle Market estimations related to revenue and sales.

Competition: This section sheds light on the competitive situations and trends, gives an analysis of manufacturers and provides figures related to average price by the player, revenue and revenue shares of individual India Electric Vehicle Market players, sales, and sales shares of individual players.

Region-wise Sales Analysis: The report in this section offers India Electric Vehicle Market numbers, and an analysis of revenue, sales, and India Electric Vehicle Market shares of individual regions. In addition, it provides sales and sales growth rates, pricing structures, revenue, and some other estimations for each regional India Electric Vehicle Market that has been studied.

Company Profiles: This section of the report offers in-depth insightful information about the financial and strategic business data of some of the leading companies operating in the global India Electric Vehicle Market landscape. In addition, product specifications, portfolios, regional footprint, revenue shares, and several other details are also covered in this chapter of the report.


  • How much was the global India Electric Vehicle Market worth in 2021?
  • Who are the top players actively operating across the India Electric Vehicle Market?
  • How much will the global India Electric Vehicle Market be worth by 2028?
  • What are the key India Electric Vehicle Market drivers?
  • Which application segment is leading across the globe?
  • At what compound annual growth rate (CAGR) is the global India Electric Vehicle Market projected to grow in the forecast period?

Major Points from Table of Contents

  • Introduction

    • The Objective of the Study
    • Definition of the Market
    • Market Scope
    • Market Segment by Type, Application and Marketing Channel
    • Major Regions Covered (North America, Europe, Asia Pacific, Mid East and Africa)
    • Years Considered for the Study
    • Currency Considered (U.S. Dollar)
  • Key Findings of the Study
    • Market Dynamics
    • Driving Factors for this Market
    • Factors Challenging the Market
    • Opportunities of the Global India Electric Vehicle Market (Regions, Growing/Emerging Downstream Market Analysis)
    • Technological and Market Developments in the India Electric Vehicle Market
    • Industry News by Region
    • Regulatory Scenario by Region/Country
    • Market Investment Scenario Strategic Recommendations Analysis
  • Value Chain of the India Electric Vehicle Market
    • Value Chain Status
    • Upstream Raw Material Analysis
    • Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
    • Distributors/Traders
    • Downstream Major Customer Analysis (by Region)
    • Global India Electric Vehicle Market -Segmentation by Type
    • Global India Electric Vehicle Market -Segmentation by Application
    • Global India Electric Vehicle Market -Segmentation by Marketing Channel
    • Competitive Intelligence Company Profiles
  • Global India Electric Vehicle Market -Segmentation by Geography

    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East and Africa
  • Future Forecast of the Global India Electric Vehicle Market from 2023-2028

    • Future Forecast of the Global India Electric Vehicle Market from 2023-2028 Segment by Region
    • Global India Electric Vehicle Market Production and Growth Rate Forecast by Type (2023-2028)
    • Global India Electric Vehicle Market Consumption and Growth Rate Forecast by Application (2023-2028)
  • Appendix
    • Methodology
    • Research Data Source


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