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Bharatbook.com introduces report on " Electric Vehicle Market in India 2010 " The report provides a brief overview of the market including the estimated market size, growth rate.
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Electric Vehicle Market - India June 2010
Executive Summary Electric vehicle (EV) market in India is at a nascent stage and is expected to grow by 45% over2008-09 and 2009-10 Market Comprises of electric cars, three wheelers and electric two-wheelers Electric two-wheelers dominate the market with 97.5% of the market Drivers: Drivers: - Increasing crude oil prices - Low performance - Government initiatives - High price Drivers & - Low maintenance cost - Lack of supply of spare parts Challenges - Increasing demand for green cars in foreign market - Manufacturers providing incentives to attract consumers Growing number of players are entering the market Automobile firms are launching EV version of conventional car models Trends Increase in number of joint ventures, mergers and acquisitionsEV players are seeking carbon credits Most of the players operates in the electric two wheeler segment only one company operates inthe electric car segment Major Players Competition Reve Electric Car Company Electrotherm India Ltd.Kabirdass Motor Ltd. Hero Electric Ltd. 2 ELECTRIC VEHICLE MARKET IN INDIA.PPT
Electric vehicle market in India is still at a nascent stage but is growing rapidly Market Overview Market Size & Growth - EV • Electric vehicle (EV) market in India is at a nascent stage and is expected to grow by a% over 20-- and Units z a% oy 20-- • Comprises of electric cars, three wheelers and electric two-wheelers nx • Compared to a c% growth in conventional two- wheeler, sales of electric two-wheelers is expected to w grow by d% to reach e over 20- to 20-- 0 Electric two-wheelers comprise of f% of the overall twowheeler segment 20-- 20--e Segmentation in the EV Market • Electric car market is g-h% of the overall car market and is expected to account for i% of the market by 20-- Electric Car & 3 wheelersElectric Two-Wheelers • Women constitute j% of the total buyer’s fraternity of electric cars • Electric cars are ideal for covering short distances M% L% and negotiating congested and narrow roads due to size and feasibility • Compared to petrol and diesel-run vehicles, electric vehicles are k% cleaner and have zero emissions 3 ELECTRIC VEHICLE MARKET IN INDIA.PPT
Drivers & Challenges - Summary Challenges Drivers Low performance Increasing crude oil prices High price Government initiatives Increase in demand for green cars inforeign market Lack of supply of spare parts Low maintenance and operational cost Manufacturers providing incentives toattract consumers 4 ELECTRIC VEHICLE MARKET IN INDIA.PPT
Key Trends - Summary EV players are seeking carbon credits Growing number of players are entering the market Key Trends Increase in number of Joint ventures, mergers and acquisitions Automobile firms are launching EV version of conventional car models 5 ELECTRIC VEHICLE MARKET IN INDIA.PPT
Competition - Overview Electric Three- wheelers Players Electric Two-wheelers Electric Cars Company ACompany BCompany CCompany DCompany ECompany FCompany GCompany HCompany ICompany JCompany KCompany L 6 ELECTRIC VEHICLE MARKET IN INDIA.PPT
Players in the Market (3/8) Company Snapshot: Reva Electric Car Company Corporate Information Business Overview • It was formed as a joint venture between Maini Group of India and AEV LLC of California Headquarters Bangalore Founded 19-- • In May 20--, Mahindra & Mahindra bought p% controlling stake in Reva. Following this acquisitionthe Company will be called Mahindra Reva ElectricVehicle Company Ltd. Products Electric cars Key People Chetan Maini - Deputy Chairman • The enterprise value of Reva is expected to be INR q bn Future Plans • In India, REVA aims to be have its products present in r cities by 20-- • The Company sells its products and conducts test marketing in s countries across Europe, Asia and S America. It islooking to begin distribution in t to u countries by 20-- to establish REVA as a global electric vehicle brand • It is building a new environment friendly assembly plant in Bangalore with a capacity of v units per year that is due forcompletion by end-20-- • Exploring a model of franchise manufacturing to access global markets 7 ELECTRIC VEHICLE MARKET IN INDIA.PPT