INDIA EV COMPONENTS MARKET
INTRODUCTION
Sales of electric vehicles components are increasing, thanks to the expansion of the electric vehicle component market in India are the rising use of electric cars and government activities in support of them, such as tax exemptions, refunds on purchases, and financial incentives.
Additionally, rising fuel prices, the quick depletion of fossil fuels, environmental deterioration brought on by CO2 emissions, and rising environmental consciousness among consumers will all further support the demand for electric vehicles, which in turn will fuel the demand for electric vehicle components in India.
INDIA EV COMPONENTS MARKET SIZE AND FORECAST
The India EV Components Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
MARKET DYNAMICS
Toyota intends to use India as a manufacturing base for EV parts in order to fulfil domestic demand as well as for sale to Japan and several ASEAN nations.
Toyota Motor Corp intends to turn India into a hub for the production of electric car parts in order to fulfil domestic demand as well as exports to Japan and several ASEAN nations.
The automaker intends to begin by manufacturing e-drives, or electric powertrain components, for various electric vehicle types, such as battery EVs, plug-in hybrids, and other hybrid vehicles.
NEW PRODUCT LAUNCH
Pinnacle Industries, the nation’s top producer of automotive interiors, seating systems, and specialty cars, has launched a line of precise electric vehicle components for 2 and 3-wheelers in an effort to increase the viability of electric vehicles in India.
With specialised knowledge in designing, developing, assembling, and producing parts for electric mobility applications in Pithampur and Pune Pinnacle Industries will produce and market precision electric vehicle components, including sheet metal and tubular pipe components, body parts, seats, and battery packs for 2W/3W, certified by ISO/TS 16949, ISO 14001, and OHSAS 18001, for leading global brands.
COMPANY PROFILE
- Exide Industries Ltd.
- Amara Raja Batteries Ltd.
- Eastman Auto & Power Ltd.
- Okaya Power Pvt. Ltd.
- Sparco Batteries Pvt. Ltd.
- Panasonic Corp.
- Robert Bosch GmbH
- Contemporary Amperex Technology Co. Ltd.
- CY International
- DENSO CORP.
THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS
- What is the average cost per India EV Components Market right now and how will it change in the next 5-6 years?
- The average cost to set up an EV Components Market in India?
- How many India EV Components Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
- What is happening in the overall public, globally?
- Cost breakup of an India EV Components Market and key vendor selection criteria
- Where is the India EV Components Market manufactured? What is the average margin per equipment?
- Market share of India EV Components Market manufacturers and their upcoming products
- The most important planned India EV Components Market in next 2 years
- Details on a network of major India EV Components Market and pricing plans
- The cost advantage for OEMs who manufacture India EV Components Market in-house
- 5 key predictions for the next 5 years in India EV Components Market
- Average B-2-B India EV Components Market price in all segments
- Latest trends in India EV Components Market, by every market segment
- The market size (both volume and value) of India EV Components Market in 2022-2027 and every year in between?
- Global production breakup of India EV Components Market, by suppliers and their OEM relationship
