Komunikaty PR
India Electric Vehicle Market Valuation to Reach USD 1,64,420.39 Million by 2033 - Expanding at a CAGR of 57.23%
2025-06-10 | 07:55:04
As indicated in the latest market research report published by IMARC Group, titled “India Electric Vehicle Market Size, Share, Trends and Forecast by Vehicle Type, Price Category, Propulsion Type, and Region, 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
How Big is India Electric Vehicle Industry?
The India electric vehicle market size was valued at USD 2,360.97 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,64,420.39 Million by 2033, exhibiting a CAGR of 57.23% during 2025-2033.
Download sample copy of the Report: https://www.imarcgroup.com/india-electric-vehicle-market/requestsample
India Electric Vehicle Market Trends:
The Indian electric vehicle (EV) landscape is heading in a real direction versus traditional vehicles due to environmental degradation, government direction, and finally, the automaker's consumer bases' desire for change to electric. Air Pollution and carbon emissions are hot topics, with both automakers and decision-makers within public policy focused on clean mobility measures. Residential air quality is concerning, and carbon emissions; the government is now providing policy support for a positive environment to strengthen conditions for continued growth, including incentives and rebates for new EV purchases, plus tax rebates of up to 60% for new EV manufacturers.
Likewise, urban centers are starting to invest in charging stations and the mobilization of support infrastructure yet understands the constant issues around inconsistent power supply and excessive purchasing superficial costs. EV, automakers, and a shift to engage all issues by providing lower-level options for the consumption of EVs; rolling out more affordable EVs; diversifying EV offerings; investing in local manufacturers to offset consumer prices; and in conjunction with all this, the trajectory and possibility of electric 2W and 3W models for price and the fit in urbanized spaces. Provided consumers become well informed through public policy and will extend their knowledge to EVs and charging infrastructure develops we can build progress and capitalize on the historical shift in the auto space in India.
India Electric Vehicle Market Scope and Growth Analysis:
One of the more notable trends in India's EV market is the increasing focus on last-mile connectivity and shared mobility. Electric rickshaws and small commercial vehicles are gaining traction and businesses and fleet operators are finding them to be a very cost-effective alternative to conventional fuel-based vehicles with positive operational figures. Both ride hailing and delivery services are using EVs in their fleets more than before, in part because of corporate sustainability aspirations and increasing regulation. Battery technology advancements in regard to quicker charging and higher energy density are also improving vehicle performance and reliability.
Loan products and leasing from financial institutions are also increasingly availing themselves to businesses, making EVs affordable. Although charging infrastructure is still limited in rural areas, the lack of qualified mechanics still exists. However, partnerships towards collaborative R&D and funding indicate a positive outlook for India's EV market. With continued innovation and increased consumer confidence, electric transportation is poised to be the choice of mobility in the near future.
By the IMARC Group, the Top Competitive Landscapes Operating in the Industry
• Ampere Vehicles Private Limited (Greaves Cotton Limited)
• Ather Energy Pvt Ltd
• Atul Auto Limited
• Bajaj Auto Limited (Bajaj Group)
• Electrotherm (India) Ltd.
• Hero Electric (Hero Eco Group)
• Hyundai Motor India Limited (Hyundai Motor Company)
• JBM Auto Limited
• Mahindra Electric Mobility Limited (Mahindra & Mahindra Ltd)
• MG Motor India Pvt Ltd (SAIC Motor Corporation Limited)
• Okinawa Autotech Pvt Ltd
• Olectra Greentech Ltd.
• Piaggio Vehicles Pvt. Ltd. (PIAGGIO & C. SPA)
• Tata Motors Limited (Tata Group)
• TVS Motor Company (Sundaram - Clayton Limited)
• VE Commercial Vehicles Limited
India Electric Vehicle Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the India electric vehicle market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Vehicle Type:
• Passenger Vehicles
• Commercial Vehicles
• Others
Passenger vehicles dominate the automotive market in 2024, driven by increasing consumer demand, improved affordability, and advancements in vehicle technology and safety features.
Analysis by Price Category:
• Mid-Range
• High/Luxury Range
In 2024, the mid-range segment dominates the market, accounting for approximately 82.6% of the total market share due to its affordability and broad appeal.
Analysis by Propulsion Type:
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle
In 2024, battery electric vehicles dominate the market, accounting for approximately 99.7% of the total market share, showcasing their widespread adoption and popularity.
Regional Analysis:
• North India
• West and Central India
• South India
• East India
In 2024, the southern region of India emerged as the leading contributor to the market, capturing a dominant share exceeding 38.6% overall.
Ask Analyst For Customization: https://www.imarcgroup.com/request?type=report&id=5074&flag=C
Other Key Points Covered in the Report:
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Explore More Research Reports & Get Your Free Sample Now!
India Plywood Market: https://www.imarcgroup.com/indian-plywood-market
India Pharmaceutical Manufacturing Market: https://www.imarcgroup.com/india-pharmaceutical-manufacturing-market
India Electric Vehicle Component Market: https://www.imarcgroup.com/india-electric-vehicle-component-market
India Electric Vehicle Charging Station Market: https://www.imarcgroup.com/india-electric-vehicle-charging-station-market
India E-Bike Market: https://www.imarcgroup.com/india-e-bike-market
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Newseria nie ponosi odpowiedzialności za treści oraz inne materiały (np. infografiki, zdjęcia) przekazywane w „Biurze Prasowym”, których autorami są zarejestrowani użytkownicy tacy jak agencje PR, firmy czy instytucje państwowe.
Ostatnio dodane
komunikaty PR z wybranej przez Ciebie kategorii
EIN Newswire
BRAK ZDJĘCIA
2025-06-11 | 03:55:09
World-Renowned Composer & Pianist Steve Barakatt Celebrates 30 Years of Creativity in Asia
Steve Barakatt during the Néoréalité World TourSpecial concerts and landmark events across the continent highlight a milestone year
HONG KONG, June 11, 2025 /EINPresswire.com/ -- In 2025, internationally celebrated composer,
EIN Newswire
BRAK ZDJĘCIA
2025-06-11 | 03:55:09
FS-Elliott Expands Manufacturing & Service Programs to Maximize Customer Uptime
Rapid Response Storage CenterAccelerated Repairs, On-Demand Storage, and Smarter Manufacturing to Keep Operations Running
EXPORT, PA, UNITED STATES, June 10, 2025 /EINPresswire.com/ -- FS-Elliott, a leading manufacturer of centrifugal air and gas compressors, announces a series of strategic investments to enhance operational efficiency and elevate customer support. These initiatives include the launch of the Rapid Response Service Center and Rapid Response Storage Center, along with significant upgrades to the manufacturing facility, all designed to minimize customer downtime, enhance service flexibility, and reinforce the company’s commitment to sustainability.
Investing in Advanced Manufacturing Technology
As part of its ongoing commitment to continuous improvement, FS-Elliott has invested in additional advanced machinery, including a state-of-the-art grinder and an upgraded 5-axis machining center. The new grinder streamlines production processes, allowing FS-Elliott to respond more quickly to customer needs without compromising quality. Meanwhile, the upgraded 5-axis machining center enhances throughput and broadens machining capabilities, offering customers greater flexibility, improved service options, and reduced customer lead times. These investments further strengthen the FS-Elliott’s ability to deliver high-performance solutions with the efficiency and reliability customers expect.
Rapid Response Service Center: Fast-Tracking Repairs to Keep Operations Running
FS-Elliott has opened its new Rapid Response Service Center, designed to deliver faster turnaround times and enhanced customer support. The center specializes in airend reusability and supports the company’s Environmental, Social, and Governance (ESG) initiatives. It provides airend overhauls, re-ratings, and remanufacturing services in a dedicated teardown, inspection, and assembly space. With a comprehensive inventory in place, the center enables faster service, shorter lead times, and reduced customer downtime.
“Downtime is expensive for our customers, both in time and resources. With our new service center, we’re able to respond faster and more efficiently, helping to minimize disruptions while advancing our commitment to sustainability in manufacturing and service,” said Albert Gomez, Vice President of Global Services at FS-Elliott.
Rapid Response Storage Center: Ready When You Need It
Complementing the service center, FS-Elliott has also launched the Rapid Response Storage Center, which provides environmentally controlled storage for new and refurbished airends and other essential components. This program is ideal for customers who need access to critical parts. For airend storage, the program includes routine maintenance, mechanical testing, and a 12-month warranty upon shipment. With dispatch times often within 24 hours, the program minimizes operational disruption, particularly for customers who cannot afford extended downtime. “The Rapid Response Storage Center offers customers peace of mind, ensuring their equipment is ready when needed,” said Gomez. “It’s an industry-first solution that helps our customers plan ahead and maximize uptime.”
About FS-Elliott Co., LLC
FS-Elliott is a global leader in the engineering and manufacturing of oil-free centrifugal compressors, with operations in over 90 countries. For 60 years, FS-Elliott has combined a commitment to quality with advanced technology, enabling customers to increase productivity and lower system operating costs. For more information, visit fs-elliott.com.
EIN Newswire
BRAK ZDJĘCIA
2025-06-11 | 03:55:09
Legal Claim Assistant Shares Research Insights on Prenatal PFAS Exposure and Child Health
Scientific agencies report associations between prenatal PFAS exposure and child health indicators—Legal Claim Assistant offers public information.Pregnancy should be a safe time, but PFAS exposure has quietly put many mothers and children at
Kalendarium
Więcej ważnych informacji
Jedynka Newserii
Jedynka Newserii
Ochrona środowiska
Ostateczny kształt rozszerzonej odpowiedzialności producenta wciąż pod znakiem zapytania. Przykładem dla Polski mogą być rozwiązania z Czech czy Belgii
Zgodnie z wytycznymi Unii Europejskiej do końca 2025 roku Polska powinna osiągnąć poziom recyklingu odpadów opakowaniowych na poziomie min. 65 proc. Trudno to osiągnąć bez wdrożenia systemu rozszerzonej odpowiedzialności producenta (ROP), który w świetle unijnych zaleceń powinien być zaimplementowany już w 2023 roku, a którego ostatecznego kształtu jeszcze nie znamy. Zagraniczni eksperci uważają, że Polska powinna iść w ślady Czech, Belgii i Włoch, stawiając na elastyczną organizację odpowiedzialności producenta (OOP).
Do 2030 roku liczba plastikowych opakowań w e-handlu modowym może się podwoić. Ich udział najszybciej rośnie w Polsce
Ze względu na różnice w cenach surowce wtórne przegrywają z pierwotnymi. To powoduje problemy branży recyklingowej
Naukowcy wzywają do większej ochrony oceanów. Przestrzegają przed groźnym w skutkach przełowieniem stad
Rynek nieprzygotowany do wdrożenia systemu kaucyjnego. Może się opóźnić nawet o kilka miesięcy
Luka cyrkularności w Polsce wynosi 90 proc. Jesteśmy dopiero na początku drogi do obiegu zamkniętego
Handel
Prof. G. Kołodko: Trump osiągnie efekt odwrotny od zamierzonego i spowolni rozwój Ameryki. Na wojnie handlowej z resztą świata to Stany mogą tracić najmocniej
– Liczne decyzje prezydenta Trumpa, nie tylko na polu ekonomicznym, są po prostu oparte na nieracjonalnych przesłankach, są fałszywe, są szkodliwe i dla Stanów Zjednoczonych, i dla innych, mówiąc językiem popularnym, są chore – ocenia prof. Grzegorz Kołodko, były minister finansów, i wskazuje m.in. na chaos spowodowany wprowadzaniem, zawieszaniem i przywracaniem ceł. Ekonomista w książce „Trump 2.0. Rewolucja chorego rozsądku” analizuje trumponomikę, a więc ekonomię i politykę gospodarczą pomysłu prezydenta oraz jej wpływ na gospodarkę, przestrzega przed zagrożeniami i wskazuje sposoby wyjścia z nasilającego się globalnego zamieszania. Autor ocenia też negatywnie pozaekonomiczne aspekty działalności amerykańskiego prezydenta z wyjątkiem jednego aspektu.
Farmacja
Samoleczenie generuje w UE oszczędności na poziomie 40 mld euro rocznie. Dzięki temu odciążone są europejskie systemy zdrowotne
Każdego roku Europejczycy leczą samodzielnie ok. 1,2 mld drobnych dolegliwości, w tym przeziębienie czy niestrawność. Zdaniem ekspertów wzmocnienie tych kompetencji społeczeństwa może być remedium na braki kadrowe w opiece zdrowotnej i jej deficyt budżetowy. Sięganie po leki bez recepty (OTC), suplementy diety i wyroby lecznicze pozwala uniknąć ok. 120 mln konsultacji lekarskich w skali roku, co odpowiada pracy nawet 36 tys. lekarzy pierwszego kontaktu. Samoleczenie generuje w UE oszczędności na poziomie 40 mld euro rocznie – wynika z danych przedstawionych podczas 61. konferencji AESGP, która odbyła się w Warszawie.
Partner serwisu
.gif)
Szkolenia
Akademia Newserii
Akademia Newserii to projekt, w ramach którego najlepsi polscy dziennikarze biznesowi, giełdowi oraz lifestylowi, a także szkoleniowcy z wieloletnim doświadczeniem dzielą się swoją wiedzą nt. pracy z mediami.
|
|
|