India Electric Commercial Vehicle | Market Research Report 2024Posted by Sophia Jones on January 30th, 2020 Market Reports on India Provides the Trending Market Research Report on ” India Electric Commercial Vehicle Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and Pick-up Trucks), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 500 Miles & Above), By Component (Electric Motor, EV Battery and Hydrogen Fuel Cell), By Geography, Competition, Forecast & Opportunities, 2024” under Automotive category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. India Electric Commercial Vehicle Market is projected to grow at a CAGR of around 70% during the forecast period owing to growing need for controlling GHG (Greenhouse gases) emissions emitted by vehicles. Moreover, the government is encouraging the use of electric powered vehicles, which is boosting the demand for electric commercial vehicles in India. Government of India has launched various schemes and incentives for the adoption of electric vehicles in India like FAME scheme, which was launched by the government in 2015 and is a part of NEMMP scheme, Under the NEMMP scheme, the government was to invest up to Rs 14000 crore in creating infrastructure and promoting the use of environment-friendly electric vehicles. The NEMMP 2020 aims at sales of 6-7 million units of electric vehicles in India by 2020. High subsidies provided by the government and increasing electric vehicle infrastructure development in the country coupled with various leading commercial vehicle manufacturers foraying into the country’s electric commercial vehicle market are expected to drive India electric commercial vehicle market in the coming years. Leading players in the market include Tata Motors, Olectra Greentech, Mahindra Electric, Volvo Eicher Commercial Vehicles, JBM Auto, among others. Request a free sample copy of Electric Commercial Vehicle Market Report @ http://www.marketreportsonindia.com/marketreports/sample/reports/1894254 Years considered for this report: Historical Years: 2017-2024 Objective of the Study:
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across India. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the suppliers which could not be identified due to the limitations of secondary research. Our Research analyzed the service offerings, distribution channels and presence of all major collaboration manufacturer across India. Our Research calculated the market size of India electric commercial vehicle market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Report Scope: In this report, India electric commercial vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Market, By Propulsion Type: Market, By Vehicle Type: Market, By Range: Market, By Component: Hydrogen Fuel Cell: Competitive Landscape: Available Customizations: With the given market data, Our Research offers customizations according to a company’s specific needs. The following customization options are available for the report: Company Information
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