India Electric Commercial Vehicle Market to Grow at 70% through 2024
Increasing government
focus to promote and boost electric mobility segment, rising concerns over
environmental pollution and operational cost benefit associated with the electric
commercial vehicles to drive India electric commercial vehicle market through
2024
According
to TechSci Research report, “India
Electric Commercial Vehicle Market By Propulsion Type, By Vehicle Type, By
Range, By Component, By Geography, Competition, Forecast & Opportunities,
2024”, the country’s electric
commercial vehicle market is expected to register a CAGR of over 70% during
2019-2024, owing to increasing government initiatives for
promotion of electric and hybrid vehicles. Moreover,
latest government schemes such as FAME-II have been adopted by the government,
where funds of around USD1.35 billion have been allocated for demand incentives,
establishment of network of electric vehicle charging stations and administration of scheme including publicity,
IEC (Information, Education & Communication) activities, etc.
Browse 29 market data
Figures spread through 82
Pages and an in-depth TOC on "India Electric
Commercial Vehicle Market"
https://www.techsciresearch.com/report/india-electric-commercial-vehicle-market/2957.html
India electric commercial vehicle market can be segmented based on
vehicle type, propulsion type, range, component and region. Battery Electric
Vehicle (BEV) segment is the dominant segment in India electric commercial
vehicle market, owing to the
government subsidies for manufacturers of BEVs. In terms of vehicle
type, the market can be segmented into electric bus, electric pickup truck and
electric truck. The electric bus segment is anticipated
to account for the largest volume share in 2019 as these are being adopted by
various state transport bodies in India. Another reason for dominance of
electric bus segment is the lack of automotive players in the electric truck
and electric pickup segments.
Download
Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2957
Customers can also
request for 10% free customization on this report.
Tata Motors, Olectra Greentech, Mahindra Electric,
Volvo Eicher Commercial Vehicles and JBM Auto are the leading
players operating in India electric commercial vehicle market. Increasing
demand for better range is pushing the automotive vehicle manufacturers to
focus on R&D to improve the range of their vehicle per charge and expand EV
infrastructure. “The growth of electric commercial vehicle market in India is
backed by government’s initiative to promote and boost the electric mobility
segment, rising concerns over environmental pollution and operating cost
benefit associated with the electric commercial vehicles.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Electric Commercial Vehicle Market By Propulsion
Type, By Vehicle Type, By Range, By Component, By Geography, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of India electric
commercial vehicle market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in India electric
commercial vehicle market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:
[email protected]