Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
India Electric Vehicle Component Market Report by Component (Battery Pack, Motor, Controller, Electric Vehicle Supply Equipment, DC-DC Convertor, and Others), Distribution (OEMs, Aftermarket), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A21814
Buy Now
Market Overview:
India electric vehicle component market size is projected to exhibit a growth rate (CAGR) of 18.20% during 2024-2032. The development of high-performance batteries, efficient electric motors, and smart power electronics is primarily driving the market growth.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 18.20% |
Electric vehicle components represent the intricate and innovative systems that power the revolution in transportation. As the automotive industry undergoes a paradigm shift towards sustainability, electric vehicles (EVs) have emerged as the forefront of this transformative journey. The components encompass a sophisticated network of technologies designed to harness and manage electrical energy efficiently. Unlike traditional internal combustion engines, electric vehicles rely on electric motors, advanced batteries, power electronics, and control systems to propel and navigate the vehicle. This marks a departure from conventional mechanical components, introducing a new era of cleaner, greener, and technologically sophisticated transportation. Key components of electric vehicles include batteries, which store and supply electrical energy, electric motors that drive the wheels, power electronics for managing energy flow, and sophisticated control systems orchestrating the harmonious functioning of these elements.
India Electric Vehicle Component Market Trends:
The electric vehicle component market in India is currently experiencing a dynamic phase, characterized by a confluence of drivers and trends that underscore the nation's commitment to sustainable transportation. Primarily, the surge in government initiatives and policies promoting electric mobility serves as a pivotal driver for the market. Furthermore, the escalating concerns about environmental sustainability and air quality are propelling the demand for electric vehicles, consequently positively influencing the market growth. The emphasis on reducing carbon emissions and transitioning to cleaner transportation alternatives aligns with the growing consumer awareness regarding the environmental impact of conventional vehicles. Moreover, advancements in technology and innovations in EV components are shaping the market trends. Additionally, collaborations and partnerships between automotive manufacturers and component suppliers are gaining momentum. This collaborative approach aims to leverage collective expertise, drive economies of scale, and expedite the development and deployment of electric vehicle components, thereby acting as another significant growth-inducing factor. In conclusion, government support, environmental consciousness, technological advancements, and collaborative efforts are anticipated to fuel the India electric vehicle component market over the forecasted period.
India Electric Vehicle Component Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component and distribution.
Component Insights:
- Battery Pack
- Motor
- Controller
- Electric Vehicle Supply Equipment
- DC-DC Convertor
- Others
The report has provided a detailed breakup and analysis of the market based on the component. This includes battery pack, motor, controller, electric vehicle supply equipment, DC-DC convertor, and others.
Distribution Insights:
- OEMs
- Aftermarket
A detailed breakup and analysis of the market based on the distribution have also been provided in the report. This includes OEMs and aftermarket.
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
India Electric Vehicle Component Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Components Covered | Battery Pack, Motor, Controller, Electric Vehicle Supply Equipment, DC-DC Convertor, Others |
| Distributions Covered | OEMs, Aftermarket |
| Regions Covered | North India, West and Central India, South India, East and Northeast India |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the India electric vehicle component market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India electric vehicle component market?
- What is the breakup of the India electric vehicle component market on the basis of component?
- What is the breakup of the India electric vehicle component market on the basis of distribution?
- What are the various stages in the value chain of the India electric vehicle component market?
- What are the key driving factors and challenges in the India electric vehicle component?
- What is the structure of the India electric vehicle component market and who are the key players?
- What is the degree of competition in the India electric vehicle component market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India electric vehicle component market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the India electric vehicle component market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India electric vehicle component industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase Options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More