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Jul 28, 2017 2:20 PM ET

India Electric Vehicle Powertrain Systems Market (2017-2023): Forecast By Technology, Components, Vehicle Type & Competitive Landscape

iCrowdNewswire - Jul 28, 2017

The “India Electric Vehicle Powertrain Systems Market (2017-2023)” report has been added to Research and Markets’ offering.

The India electric vehicle powertrain market is projected to grow at a CAGR of over 26% during 2017-2023. Battery EV powertrain systems captured majority of the market share in terms of revenues, owing to the subsidies and tax rebates offered by government to EV users and manufacturers. Although, charging infrastructure challenges are still present, however government’s target of 6 million EVs on roads backed by its firm actions is likely to overcome these challenges during the forecast period.

Stringent regulations on emission and fuel efficiency, government schemes towards adoption of electric vehicles coupled with need for pollution free environment are few of the factors contributing to the growth of electric vehicle powertrain systems market in India. The growth of electric vehicle market is also critical for energy transition in the country, reducing the reliance on oil imports and escalating the demand for renewable power. Further, technology improvement, cost reduction and local manufacturing of lithium ion batteries are expected to catalyse the growth of EV market in India.

In 2016, two wheeler EV registered majority of the market volume, however, as a result of rising income level coupled with cost reduction of electric cars, the passenger car segment is anticipated to register highest growth over the coming years.

Companies Mentioned

– AVTEC Ltd.
– Hyundai Motor India Limited
– Mahindra Reva Electric Vehicles Ltd.
– Maruti Suzuki India Limited
– TATA Motors Limited

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Global Electric Vehicle Powertrain Systems Market Overview

4 India Electric Vehicle Powertrain Systems Market Overview

5 India Electric Vehicle Powertrain Systems Market Dynamics

6 India Electric Vehicle Powertrain Systems Market Trends

7 India Battery Electric Vehicle Powertrain Systems Market Overview

8 India Hybrid Electric Vehicle Powertrain Systems Market Overview

9 India Electric Vehicle Powertrain Systems Market Overview, By Components

10 India Electric Vehicle Powertrain Systems Market Overview, By Vehicle Types

11 Competitive Landscape

12 India Electric Vehicle Powertrain Systems Market – Ecosystem Analysis

13 India Electric Vehicle Powertrain Systems Market – Import & Export Scenario

14 India Electric Vehicle Powertrain Systems Market – Government Initiatives & Regulations

15 Company Profiles

16 Key Strategic Notes

For more information about this report visit https://www.researchandmarkets.com/research/9lmv2t/india_electric

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Automotive Parts (https://www.researchandmarkets.com/categories.asp?cat_id=264&campaign_id=9lmv2t), Electric and Hybrid Vehicles (https://www.researchandmarkets.com/categories.asp?cat_id=355&campaign_id=9lmv2t), Automotive Drivetrain and Transmission Components (https://www.researchandmarkets.com/categories.asp?cat_id=930&campaign_id=9lmv2t)

Via iCrowdNewswire
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