Electric Car industry in India to grow by 37% until 2023

reogma|Electric Car industry in India to grow by 37% until 2023

Average price of electric passenger cars in India is set to dwindle with the introduction of competitors like MS and Tata. At least five battery manufacturers (e.g. Reliance) are entering the market in the next five years. Notably, existing electric cars in India is already cheaper than the global average.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

In comparison to conventional cars that run with an internal combustion engine, electric vehicles have electric motors that can store electricity. Cables are used to charge the motors and unlike petrol or diesel cars; the specifications are same.

The charging batteries are flat in nature and inserted at the bottom of the vehicle which in turn provides low center of gravity for better handling and improved safety.

Mahindra Motors are the sole producers and sellers of passenger electric cars in India. Of more than 2.5 million cars sold in 2017, a mere 0.02% of them were electric.


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Average price of electric passenger cars in India is set to dwindle with the introduction of competitors like MS and Tata. At least five battery manufacturers (e.g. Reliance) are entering the market in the next five years. Notably, existing electric cars in India is already cheaper than the global average. […]
reogma|Electric Car industry in India to grow by 37% until 2023reogma|Electric Car industry in India to grow by 37% until 2023

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