India EV Component Market Competitive Analysis, and New Business Developments

1. Indian Electric Vehicle Component Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities 1 ©P&SIntelligence.Allrightsreserved

2. One of the biggest factors responsible for the surge in the demand for electric vehicle components in India is the increasing sales of electric vehicles in the country. According to various reports and surveys, there were sales of 447.7 thousand electric three-wheelers, 2,000 electric passenger cars, and 32.4 thousand electric two-wheelers in India in 2019. The main factors fuelling the ballooning sales of electric vehicles in the country are the presence of favorable government policies and the declining air quality in the country, due to the pollution caused by the fossil-fuel powered vehicles. Request to Get the Sample Report@ https://www.psmarketresearch.com/market- analysis/indian-electric-vehicle-component-market/report-sample There has been a massive rise in carbon emissions in India over the last few years, owing to the large-scale usage of the fossil-fuel powered vehicles (nearly 40% of the total emissions are being caused by the transport sector) and this has led to the enactment of strict emission control laws in the country by the government. As per the Under the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme, the Indian government intends to replace 30% of the total number of automobiles running on the Indian roads by electric vehicles by 2030. The other major factor fuelling the rising demand for electric vehicle components in India is the declining prices of these components in the country. Due to these factors, the revenue generated from the sales of electric vehicle components in India was found to be $536.1 million in 2019 and this number is predicted to increase considerably in the coming years. The Indian electric vehicle component market is expected to advance at a CAGR of 22.1% during the forecast period (2020–2030). Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send- enquiry?enquiry-url=indian-electric-vehicle-component-market Hence, it is clear that the demand for electric vehicle components is certain to rise significantly in India over the next few years, owing to the soaring adoption of electric vehicles and the declining prices of the parts and components of the electric vehicles, in the country. Two-Wheeler Market Segmentation By Component • oBattery Lithium-ion Lead–acid ▪ ▪ oMotor Brushed motor Brushless direct current (BLDC) motor Others ▪ ▪ ▪ oController

3. oCharging Kit By Vehicle Type • oScooters oMotorcycle By End Use • oOriginal Equipment Manufacturer (OEM) oAftermarket By State • oUttar Pradesh oHaryana oGujarat oMaharashtra oWest Bengal oRajasthan oTamil Nadu oDelhi oAndhra Pradesh oKerala oKarnataka oUttarakhand oMadhya Pradesh oRest of India Three-Wheeler Market Segmentation By Component • oBattery Lithium-ion Lead–acid ▪ ▪ oMotor Brushed motor ▪ BLDC motor Others ▪ ▪ oController oCharging kit By Vehicle Type • oE-Rickshaw oE-Auto oRetrofitted Rickshaw By End Use • oOEM oAftermarket By State • oMadhya Pradesh oUttar Pradesh

4. oDelhi oWest Bengal oRajasthan oBihar oHaryana oChhattisgarh oUttarakhand oPunjab oJharkhand oAssam oTripura oRest of India Passenger Car Market Segmentation By Component • oBattery Pack Battery cell Battery management system (BMS) Battery thermal management system Others ▪ ▪ ▪ ▪ oMotor oController oElectric Vehicle Supply Equipment (EVSE) oDC–DC Converter oHigh-Voltage Cable oPower Distribution Module (PDM) oThermal Management System oVehicle Interface Control Module (VCIM) By State • oMaharashtra oGujarat oDelhi oKarnataka oTamil Nadu oKerala oTelangana oUttar Pradesh oHaryana oRest of India Commercial Vehicle Market Segmentation By Component • oBattery Pack Battery cell ▪

5. BMS Battery thermal management system Others ▪ ▪ ▪ oMotor oController oEVSE oDC–DC Converter oHigh-Voltage Cable oPDM oThermal Management System oVCIM By State • oDelhi oMaharashtra oKarnataka oRest of India Report Coverage: •Historical and the present size of the Indian Electric Vehicle Component Market •Major factors driving the market and their impact during the short, medium, and long terms •Market restraints and their impact during the short, medium, and long terms •Recent trends and evolving opportunities for the market participants •Historical and the present size of the market segments and understand their comparative future potential •Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings •Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders •Major players operating in the market and their service offerings •Recent strategic developments by the major players in the market About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 ©P&SIntelligence.Allrightsreserved

6. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.

7. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 ©P&SIntelligence.Allrightsreserved