India electric car market is projected to show an exponential growth rate during the forecast period. The Indian electric car market is at the nascent stage and the unit sold in the market are very low. Government support under the FAME scheme, development of the charging stations, and the introduction of the new electric car model are some of the major factors motivating the market growth in the country. In February 2019, the government of India allocated $1.4 billion for the promotion of the electric vehicle industry under FAME Phase II (Faster Adoption and Manufacturing of Electric Vehicles) project for a period of 2019 to 2022. Moreover, in Indian Auto Expo 2020, more than 20 electric car models were introduced by the global automakers including Renault, Kia, Hyundai and MG Hector which will be soon introduced in the country. India is a price-sensitive market and the high price of electric cars as compared to fossil fuel cars is one of the major restraints to the market. 

Visit for Global Electric Car Market Report at: https://www.omrglobal.com/industry-reports/electric-car-market 

The market is analyzed on the basis of vehicle type, propulsion technology, and battery type. Based on vehicle type, the market is further segmented into hatchback, sedan, and SUV. The sedan is expected to have a major market share during the forecast period in the country. By propulsion technology, the market is sub-segmented into battery-electric cars and plug-in hybrid electric cars. Most of the cars getting introduced in the country are battery-electric cars due to which it will have a major market share during the forecast period. By battery type, the market is further sub-segmented into NiMH battery-electric cars, Li-Ion battery-electric cars, and other battery-electric cars. Li-ion battery-electric cars market is expected to cover a major share during the forecast period. 

Some of the major automakers working in the country include BYD Auto Co., Ltd., Great Wall Motors Co. Ltd., Hyundai Motor Co., Kia Motors Corp., Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., MG Motor India, Renault Group, Tata Motors Ltd and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.
• Government Websites

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Electric Car Market Research and Analysis by Vehicle Type 
2. India Electric Car Market Research and Analysis by Propulsion Technology
3. India Electric Car Market Research and Analysis by Battery Type

The Report Covers

• Comprehensive research methodology of the India Electric Car Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India Electric Car Market.
• Insights about market determinants which are stimulating the India Electric Car Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.