INDIA FUEL CELL VEHICLE MARKET

INTRODUCTION

The market is being driven by knowledge of the advantages of high air quality and the negative impacts of routine emissions. Governments are making investments and improving the infrastructure for electric vehicles, which will help the industry grow.

The market is expanding as a result of several technical developments and a rise in the number of refueling stations. 

The Asia Pacific area is favoring the uptake of fuel cell electric cars due to rapid industrialisation and the growth of the production facilities.

To encourage the production of these environmentally friendly automobiles, the Indian government has developed a programme for electric, hybrid, and fuel cell vehicles. Additionally, integrate India into the global supply chain.

The market for fuel cell electric cars will expand as vehicle pollution standards are tightened in several countries throughout the world. Additionally, the adoption of electric vehicles is fueling this industry's expansion.

INDIA FUEL CELL VEHICLE MARKET SIZE AND FORECAST

The India Fuel Cell Vehicle 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.

NEW PRODUCT LAUNCH

As a part of a pilot project by Toyota Kirloskar Motor and International Center for Automotive Technology (ICAT) to study and evaluate the Toyota Mirai on Indian roads and climatic conditions, the Japanese automaker Toyota introduced India's first hydrogen fuel cell-powered electric vehicle (FCEV), the Mirai. 

The Toyota Mirai has a certified range of up to 650 kilometres on a single full charge and is propelled by a hydrogen fuel cell battery pack. According to Toyota, their objective is to achieve net-zero carbon (CO2) emission over the whole lifetime, which extends well beyond automobiles.

India's first locally created hydrogen fuel cell bus has been exhibited by Sentient Labs, a Pune-based R&D innovation facility. The National Chemical Laboratory (NCL) and Central Electro Chemical Research Institute (CECRI), working together under the auspices of the Council of Scientific and Industrial Research, created the hydrogen fuel cell technology that powers the bus.

Sentient Labs not only created the hydrogen fuel cell technology but also other crucial parts of the vehicle, like the battery pack, motor, and balance of the plant, locally. A 32-seat, air-conditioned bus measuring 9 metres long has all of these components installed. This is intended to use 30 kg of hydrogen and have a 450 km range. Modular architecture enables design adjustments to accommodate range and operational needs.

MARKET DYNAMICS

A non-binding Memorandum of Understanding ("MOU") was signed by Ballard Power Systems and the Adani Group to explore a combined investment case for the commercialisation of fuel cells in different transportation and industrial applications in India. According to the MOU, both parties would look at prospective collaborations across a range of areas, including fuel cell manufacturing in India. 

An electric bus (e-Bus) measuring nine metres long has been given by Nuvera Fuel Cells, LLC in northeast India, powered by an E-60 hydrogen fuel cell engine. A regional effort to adopt various hydrogen mobility solutions includes the tourist bus.

COMPANY PROFILE

• Daimler AG
• Audi AG
• Honda Motors Co. Ltd.
• Hyundai Motor Company
• Ballard
• Nikola Corporation
• BMW AG
• MAN
• Toyota Motors
• General Motors
• Volvo AB

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perIndia Fuel Cell Vehicle Marketright now and how will it change in next 5-6 years?
2. Average cost to set up aFuel Cell Vehicle MarketinIndia?
3. How manyIndia Fuel Cell Vehicle Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aIndia Fuel Cell Vehicle Marketand key vendor selection criteria
6. Where is theIndia Fuel Cell Vehicle Marketmanufactured? What is the average margin per equipment?
7. Market share ofIndia Fuel Cell Vehicle Marketmanufacturers and their upcoming products
8. The most important plannedIndia Fuel Cell Vehicle Marketin next 2 years
9. Details on network of majorIndia Fuel Cell Vehicle Marketand pricing plans
10. Cost advantage for OEMs who manufactureIndia Fuel Cell Vehicle Marketin-house
11. 5 key predictions for next 5 years inIndia Fuel Cell Vehicle Market
12. Average B-2-BIndia Fuel Cell Vehicle Marketprice in all segments
13. Latest trends inIndia Fuel Cell Vehicle Market, by every market segment
14. The market size (both volume and value) ofIndia Fuel Cell Vehicle Marketin 2022-2027 and every year in between?
15. Global production breakup ofIndia Fuel Cell Vehicle Market, by suppliers and their OEM relationship