India Electric Vehicle Powertrain Market – Industry Analysis and Forecast (2023-2029)

India Electric Vehicle Powertrain Market is expected to grow at a CAGR of 28.5% throughout the forecast period, to reach US$ 9.33 Bn. by 2029. The report contains a detailed list of factors that will drive and restrain the growth of the electric vehicle powertrain market. Strict regulations on emission and fuel efficiency, government schemes towards the implementation of electric vehicles coupled with the need for pollution-free environment are a few of the factors contributing to the growth of the electric vehicle powertrain systems market in India. The growth of the electric vehicle market is also critical for energy transition in the country, reducing the belief on oil imports and rising demand for renewable power. Additionally, technology improvement, cost reduction and local manufacturing of lithium-ion batteries are expected to catalyze the growth of the Electric Vehicle market in India.India Electric Vehicle Powertrain Market To know about the Research Methodology:-Request Free Sample Report

India Electric Vehicle Powertrain Market overview

Battery EV powertrain systems captured a majority of the market share in terms of revenues, owing to the subsidies and tax reductions offered by the government to EV users and manufacturers. Although, charging infrastructure challenges are still present, however, the government's target of 6 million EVs on roads backed by its firm actions is likely to overcome these challenges during the forecast period. High cost and lack of charging infrastructure pose as challenge towards the expansion of the market in the country. Mostly, the lithium-ion batteries make EVs highly expensive; however, with local manufacturing of batteries, a significant decline in prices are expected over the coming years. Among several EV powertrain components, the lithium-ion battery segment holds the majority of the market share. Additionally, the passenger car powertrain segment bagged the highest share among different vehicle types including commercial vehicles as well as two and three-wheelers. Suzuki Motor Corp., the parent of India’s largest carmaker, aims to produce as many as 35,000 electric cars annually in India starting 2022-29 when it rolls out the first of these cars in the country. Suzuki will venture into the electric vehicle market quite late compared to some of its competitors. So that company wanted to make sure the mission into electric should be supportable and gradually gain volume. Battery plant was critical and now the management has internally decided on 30,000-35,000 units per annum from FY21. Challenges such as Mahindra and Mahindra Ltd and Tata Motors Ltd are already manufacturing electric vehicles by sourcing half of the components from overseas vendors, Suzuki plans to set up the full ecosystem, starting with a lithium-ion battery plant, before unit Maruti begins selling the vehicles in India. India’s growing green initiative is likely to pose a great opportunity for both BEVs and Hybrid Electric Vehicles (HEVs) over the coming years. Further, the Government’s aim of 100% electrification by 2030 would provide immense growth to BEVs.

India Electric Vehicle Powertrain Market Regional Analysis:

The objective of the report is to present comprehensive analysis of India Electric Vehicle Powertrain Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding India Electric Vehicle Powertrain Market dynamics, structure by analyzing the market segments, and project the India Electric Vehicle Powertrain Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the India Electric Vehicle Powertrain Market make the report investor’s guide.

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India Electric Vehicle Powertrain Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 1.61 Bn.
Forecast Period 2023 to 2029 CAGR: 28.5% Market Size in 2029: US $ 9.33 Bn.
Segments Covered: by Technology • Battery Electric Vehicle Powertrain • Hybrid Electric Vehicle Powertrain
by Component • Transmission • Battery • Motor/Generator • Engine • Controller
by Vehicle Type • Passenger Cars • Two-Wheelers • Commercial Vehicles • Three-Wheelers

India Electric Vehicle Powertrain Market,by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

India Electric Vehicle Powertrain Market,Key players

AVTEC Ltd. • Hyundai Motor India Limited • Mahindra Reva Electric Vehicles Ltd. • Maruti Suzuki India Limited • TATA Motors Limited • Sintercom India Ltd • Adlex System Manufacturing • EVEX India • SEG Automotive • Jayem Automotive • Electra EV • Virya Mobility 5.0 • Bhorzvan Motors Pvt Ltd. • Compage Automation • Shakti Pumps • Varroc Frequently Asked Questions: 1. What is the growth rate of Global India Electric Vehicle Powertrain Market? Ans: The Global India Electric Vehicle Powertrain Market is growing at a CAGR of 28.5% during forecasting period 2023-2029. 2. What is scope of the Global India Electric Vehicle Powertrain Market report? Ans: Global India Electric Vehicle Powertrain Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 3. Who are the key players in Global India Electric Vehicle Powertrain Market? Ans: The important key players in the Global India Electric Vehicle Powertrain Market are – AVTEC Ltd., Hyundai Motor India Limited, Mahindra Reva Electric Vehicles Ltd., Maruti Suzuki India Limited, TATA Motors Limited, Sintercom India Ltd, Adlex System Manufacturing, EVEX India, SEG Automotive, Jayem Automotive, Electra EV, Virya Mobility 5.0, Bhorzvan Motors Pvt Ltd., Compage Automation, Shakti Pumps, Varroc 4. What is the study period of this Market? Ans: The Global India Electric Vehicle Powertrain Market is studied from 2022 to 2029.

India Electric Vehicle Powertrain Market

1. Preface 1.1. Market Definition and Scope 1.2. Market Segmentation 1.3. Key Research Objectives 1.4. Research Highlights 2. Assumptions and Research Methodology 3. Executive Summary: India Electric Vehicle Powertrain Market 4. Market Overview 4.1. Introduction 4.2. Key Market Indicators/definitions 4.3. Current Market & Future Potential/Emerging Propulsions 4.4. Market Dynamics 4.4.1. Drivers 4.4.2. Restraints 4.4.3. Opportunities 4.5. India Electric Vehicle Powertrain Market Analysis and Forecasts, 2017-2026 4.5.1. India Electric Vehicle Powertrain Market Size (Volume) 4.5.2. India Electric Vehicle Powertrain Market Revenue ($US Bn) 4.6. Porters Five Forces Analysis 4.7. Market Outlook 4.7.1. Key Insights 1 4.7.2. Key Insights 2 4.8. Regulatory Landscape 4.9. Value Chain Analysis 4.10. Ecosystem Mapping For India Electric Vehicle Powertrain Market 4.11. Technological road Map 4.12. List of Key Manufacturers 5. Import/Export Trade Analysis* *Either at specific product level or nearest HS code specific 6. Pricing Analysis, 2017 (Benchmarking)* 6.1. Price Comparison analysis by Technology 6.2. Price Comparison analysis by Component 6.3. Price Comparison analysis by Vehicle Type 6.4. Price Comparison analysis by Key Players 7. India Production Output Analysis 7.1. Installed Base Scenario 7.1.1. By Technology 7.1.2. By Component 7.1.3. By Vehicle Type 7.2. New Vs. Replacement Shipments 8. India Electric Vehicle Powertrain Market Analysis and Forecasts, By Technology 8.1. Key Findings 8.2. Market Size (Volume) (Value) Forecast By Technology 8.2.1. Battery Electric Vehicle Powertrain 8.2.2. Hybrid Electric Vehicle Powertrain 8.3. Market Attractiveness By Technology 9. India Electric Vehicle Powertrain Market Analysis and Forecasts, By Component 9.1. Key Findings 9.2. Market Size (Volume) (Value) Forecast By component 9.2.1. Transmission 9.2.2. Battery 9.2.3. Motor/Generator 9.2.4. Engine 9.2.5. Controller 9.3. Market Attractiveness By Component 10. India Electric Vehicle Powertrain Market Analysis and Forecasts, by Vehicle Type 10.1. Key Findings 10.2. Market Size (Volume) (Value) Forecast by Vehicle Type 10.2.1. Passenger Cars 10.2.2. Two-Wheelers 10.2.3. Commercial Vehicles 10.2.4. Three-Wheelers 10.3. Market Attractiveness by Vehicle Type 11. Consolidation 11.1. India electric Vehicle Powertrain Market, Mergers and Acquisitions 11.1.1. Overview 11.1.2. India electric Vehicle Powertrain Market, M&A Breakdown 11.1.2.1. Technology 11.1.2.2. Component 11.1.2.3. Vehicle Type 11.2. Fragmentation of India Electric Vehicle Powertrain Market 11.3. India Electric Vehicle Powertrain Market, Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 11.4. India Electric Vehicle Powertrain Market, New/Emerging Models of Partnerships, Key Examples 11.5. India Electric Vehicle Powertrain Market, New/Emerging Business Models, Key Examples 11.6. India Electric Vehicle Powertrain Market, Changing Investment Paradigm, Focused areas by Key Players 11.7. India Electric Vehicle Powertrain Market, Patent Analysis 12. Competition Landscape 12.1. Market Players-Competition Matrix (by Tier and Size of Companies) 12.2. Market Share Analysis,2017 12.3. Market Footprint Analysis 12.3.1. By Technology 12.3.2. By Component 12.3.3. By Vehicle Type 12.4. Competitive Business Strategies 12.4.1. By Channel 12.4.1.1. Channel 1 12.4.1.2. Channel 2 12.4.2. By Product Mix 12.4.3. By Marketing Mix 12.4.3.1. Marketing Channels 12.5. Competitive Benchmarking 12.5.1. AVTEC Ltd 12.5.1.1. Revenue 12.5.1.2. Segments 12.5.1.3. Propulsion Footprint 12.5.1.4. Propulsion Footprint, 12.5.1.5. Channel 12.5.1.6. Production Capacity/Plant Details/Installation (*As Applicable) 12.5.1.7. Strategic Partnership, Capacity Expansion, New Product Innovation etc. 12.6. Company Profiles : India Electric Vehicle Powertrain Manufacturers 12.6.1. Hyundai Motor India Limited 12.6.2. Mahindra Reva Electric Vehicles Ltd. 12.6.3. Maruti Suzuki India Limited 12.6.4. TATA Motors Limited. 12.6.5. Sintercom India Ltd 12.6.6. Adlex System Manufacturing 12.6.7. EVEX India 12.6.8. SEG Automotive 12.6.9. Jayem Automotive 12.6.10. Electra EV 12.6.11. Virya Mobility 5.0 12.6.12. Bhorzvan Motors Pvt Ltd. 12.6.13. Compage Automation 12.6.14. Shakti Pumps 12.6.15. Varroc
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