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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Commercial vehicles aren't lagging behind in this historic change as the global automobile industry electrifies. The commercial vehicle sector in India is preparing for EVs much like the rest of the globe.
Even with India's existing electrical mix, electrification is a terrific decarbonization method; over time, the advantages will only grow as more and more renewable energy becomes accessible to power the cars.
The India Electric Truck Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The Ace EV, an electric variant of the well-known Ace truck, has been introduced by Tata Motors, India's largest commercial vehicle manufacturer. Tata Motors has officially entered the nation's growing market for compact electric trucks used for freight deliveries. The new Ace EV, according to Tata Motors, is the country's most technologically sophisticated, zero-emission, four-wheel compact commercial vehicle (SCV).
The Ace EV is the first vehicle to use the 154-kilometre certified range of Tata Motors' EVOGEN engine. To increase the driving range, it receives a cutting-edge battery cooling system and regenerative braking technology. For maximum uptime, the vehicle supports both slow and quick charging.
It is powered by a 27kW (36hp) motor with 130Nm of peak torque. For e-commerce logistics, the Ace EV's container is constructed with lightweight materials.
As part of its development into the electric vehicle market, Olectra Greentech Ltd., a division of the industrial giant MEIL, has started testing a 6x4 heavy-duty electric tipper.
Olectra, a pioneer and industry leader in the production of electric buses, has now expanded into the production of trucks. This prototype was constructed using a heavy-duty electric tipper platform. The Olectra tipper is a first-of-its-kind vehicle in India with a 220-km range on a single charge and also has a heavy-duty bogie suspension tipper.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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