Research and Markets: Opportunities in the Indian Electrical Vehicle Sector

DUBLIN--May 6, 2011: Research and Markets has announced the addition of the "Opportunities in the Indian Electrical Vehicle Sector" report to their offering.

“Opportunities in the Indian Electrical Vehicle Sector”

Since the de-licensing in 1991, India has emerged as the second largest automobile market in the world in terms of sales volume. Supported by increasing disposable incomes, growing middle class aspirations, investment friendly Government policies and easier financing options, the demand of automobile has been witnessing a steady growth over the past few years. However, a new trend is developing in the Indian automobile sector wherein both Government and car manufacturers are giving more importance to the development of electrical/hybrid vehicles. With the Indian population projected to surpass that of China by 2050, the problem of air and noise pollution in cities is expected to worsen. This problem can be effectively addressed by the increased adoption of low running and maintenance cost electrical vehicles. It has been projected that reduction of almost 16 lac metric tons of CO, NOx & HC and substantial savings of health costs is possible if approximately three lac electric vehicles can be running on the Indian roads by 2020.

The report provides a comprehensive and crisp analysis of the current state and overall growth prospects of the Indian electrical vehicle sector. Studying all current market dynamics in details, we have presented a logical analysis of the present and future growth potential of the Indian electrical vehicle sector. We have studied the Indian electric vehicle market by categorizing it into two segments: electric car market and electric two wheeler market. The research also analysis the various positive impact of the union budget FY 2012 on the future growth and sustainability in the country's electric car market.

This report is an outcome of comprehensive research and analysis of the Indian electric vehicle sector. The research team has also attempted to identify various factors that are making conventional car makers like Mahindra and Mahindra enter this nascent electric vehicle market. The report provides information on the M&A scenario in the industry along with the future growth prospects of new entrants in the sector. The team has also mapped the competitive landscape of the sector and tried to shed light on the operations/strategies of the key players. Thus, the information available in the report is expected to enable the target audience in understanding the contemporary industry scenario.

Key findings in the report include:

In order to spur up domestic production of electrical/hybrid cars in the country, the Indian Union budget of FY 2012 has proposed to set up a National Mission for Hybrid and Electric Vehicles. The Government's decision to cut excise duty on the development and manufacturing of hybrid vehicle kits and giving full exemption on import of special hybrid parts will encourage the investment and adoption of electric vehicles in the country
Various factors such as increasing crude oil prices, low maintenance cost, and increase in the number of young and environmental conscious population, especially in urban areas, is expected to drive the sales of the electric vehicle in India.

Key Topics Covered:

Research Methodology
Key Market Trends & Growth Drivers
Indian Electric Vehicle (EV) Sector: Overview
Conventional Car Makers Entering Indian EV Market: An Analysis
Union Budget FY 2012: Impact on Electric Vehicle Sector
Merger & Acquisition Trend Analysis
Indian Electric Vehicle Market: The Way Forward
Key Players Profile
Conclusion

Companies Mentioned:

Reva Electric Car Company
Hero Electric Ltd
BSA Motors Limited
Electrotherm Motor Ltd

For more information visit India Opportunities