India Electric Commercial Vehicle Market | COVID-19 IMPACT, Analysis, Forecast, Size, Companies, Industry, Growth, Trends, Revenue, Share & Value

Market Forecast By Propulsion Type (BEV, PHEV, FCEV), By Vehicle Type (Electric Bus, Electric Truck, Electric Pick-up Truck, Electric Van), By Battery Type (Lithium-iron-phosphate (LFP), Lithium-nickel-manganese-cobalt oxide (NMC), Others), By Battery Capacity (less than 50 kWh,  50−250 kWh, above 250 kWh), By Power Output (less than 100 KW,, 100−250 KW, Above 250 KW), By End-user (Last Mile Delivery, Distribution Service, Field Service, Refuse Service, Long Haul Transportation), By Component (Electric Motor, EV Battery, Hydrogen Fuel Cell), By Autonomous Vehicles (Electric Autonomous Truck, Electric Autonomous Bus) And Competitive Landscape
Product Code: ETC173863 Publication Date: Aug 2023 Updated Date: Apr 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Electric Commercial Vehicle Market Shipment Analysis

India Electric Commercial Vehicle Market Competition 2023


India Export Potential Assessment For Electric Commercial Vehicle Market (Values in Thousand)


India Electric Commercial Vehicle Market Synopsis

The India electric commercial vehicle market is expected to witness significant growth over the forecast period (2023-2029) on account of growing environmental concerns with respect to emissions from conventional diesel and petrol vehicles. The government???s initiatives such as FAME India Scheme, Tax incentives for EVs etc., are likely to boost the adoption of electric commercial vehicles in India. Moreover, increasing investments by automakers in developing new technologies and launching more efficient products would further propel the market growth during the forecast period.

Market Drivers

There have been several factors driving the growth of India electric commercial vehicle market such as government subsidies for EV manufacturers and buyers, tax benefits on purchase and registration of EVs, availability of charging infrastructure, growing demand for shared mobility services such as cab aggregators etc. Moreover there is also an increased focus on reducing pollution levels in cities leading to higher adoption rates. Furthermore advancements in technology incorporated into these vehicles can provide better performance compared to traditional fuel-based models making them more attractive to potential customers.

Challenges of the Market

Despite these positive developments there are still some challenges facing the India electric commercial vehicle industry such as limited range due to relatively lower capacity batteries used by most EVs currently available in India coupled with inadequate charging stations for recharging purposes thereby limiting their feasibility over long distances or multiple trips during a single day. Additionally high costs associated with manufacturing these vehicles make it difficult for many small businesses or individual buyers from investing in them while lack of awareness about their advantages among public at large remains another issue that needs addressing if we want faster adoption rates.

Key Players in the Market

Ashok Leyland Ltd., Tata Motors Ltd., Eicher Motor Limited (EML), Maini Group Of Companies Pvt Ltd., Mahindra & Mahindra Ltd., Kinetic Green Energy And Power Solutions Private Limited (KGEPS), Hero Electric Vehicles Pvt Ltd., Solar Mobility Inc., SUN Mobility Pvt LtD., Yulu Bikes Private Limited etc

Key Highlights of the Report:

  • India Electric Commercial Vehicle Market Outlook
  • Market Size of India Electric Commercial Vehicle Market, 2023
  • Forecast of India Electric Commercial Vehicle Market, 2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Revenues & Volume for the Period 2020-2030
  • India Electric Commercial Vehicle Market Trend Evolution
  • India Electric Commercial Vehicle Market Drivers and Challenges
  • India Electric Commercial Vehicle Price Trends
  • India Electric Commercial Vehicle Porter's Five Forces
  • India Electric Commercial Vehicle Industry Life Cycle
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Propulsion Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By BEV for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By PHEV for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By FCEV for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Vehicle Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Bus for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Truck for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Pick-up Truck for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Van for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Battery Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Lithium-iron-phosphate (LFP) for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Lithium-nickel-manganese-cobalt oxide (NMC) for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Battery Capacity for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By less than 50 kWh for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By  50âÂ?Â?250 kWh for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By above 250 kWh for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Power Output for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By less than 100 KW, for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By 100âÂ?Â?250 KW for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Above 250 KW for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By End-user for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Last Mile Delivery for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Distribution Service for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Field Service for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Refuse Service for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Long Haul Transportation for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Component for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Motor for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By EV Battery for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Hydrogen Fuel Cell for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Autonomous Vehicles for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Autonomous Truck for the Period 2020-2030
  • Historical Data and Forecast of India Electric Commercial Vehicle Market Revenues & Volume By Electric Autonomous Bus for the Period 2020-2030
  • India Electric Commercial Vehicle Import Export Trade Statistics
  • Market Opportunity Assessment By Propulsion Type
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Battery Type
  • Market Opportunity Assessment By Battery Capacity
  • Market Opportunity Assessment By Power Output
  • Market Opportunity Assessment By End-user
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Autonomous Vehicles
  • India Electric Commercial Vehicle Top Companies Market Share
  • India Electric Commercial Vehicle Competitive Benchmarking By Technical and Operational Parameters
  • India Electric Commercial Vehicle Company Profiles
  • India Electric Commercial Vehicle Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Electric Commercial Vehicle Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Electric Commercial Vehicle Market Revenues & Volume, 2020 & 2030F

3.3 India Electric Commercial Vehicle Market - Industry Life Cycle

3.4 India Electric Commercial Vehicle Market - Porter's Five Forces

3.5 India Electric Commercial Vehicle Market Revenues & Volume Share, By Propulsion Type, 2020 & 2030F

3.6 India Electric Commercial Vehicle Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F

3.7 India Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Type, 2020 & 2030F

3.8 India Electric Commercial Vehicle Market Revenues & Volume Share, By Battery Capacity, 2020 & 2030F

3.9 India Electric Commercial Vehicle Market Revenues & Volume Share, By Power Output, 2020 & 2030F

3.10 India Electric Commercial Vehicle Market Revenues & Volume Share, By End-user, 2020 & 2030F

3.11 India Electric Commercial Vehicle Market Revenues & Volume Share, By Component, 2020 & 2030F

4 India Electric Commercial Vehicle Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 India Electric Commercial Vehicle Market Trends

6 India Electric Commercial Vehicle Market, By Types

6.1 India Electric Commercial Vehicle Market, By Propulsion Type

6.1.1 Overview and Analysis

6.1.2 India Electric Commercial Vehicle Market Revenues & Volume, By Propulsion Type, 2020-2030F

6.1.3 India Electric Commercial Vehicle Market Revenues & Volume, By BEV, 2020-2030F

6.1.4 India Electric Commercial Vehicle Market Revenues & Volume, By PHEV, 2020-2030F

6.1.5 India Electric Commercial Vehicle Market Revenues & Volume, By FCEV, 2020-2030F

6.2 India Electric Commercial Vehicle Market, By Vehicle Type

6.2.1 Overview and Analysis

6.2.2 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Bus, 2020-2030F

6.2.3 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Truck, 2020-2030F

6.2.4 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Pick-up Truck, 2020-2030F

6.2.5 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Van, 2020-2030F

6.3 India Electric Commercial Vehicle Market, By Battery Type

6.3.1 Overview and Analysis

6.3.2 India Electric Commercial Vehicle Market Revenues & Volume, By Lithium-iron-phosphate (LFP), 2020-2030F

6.3.3 India Electric Commercial Vehicle Market Revenues & Volume, By Lithium-nickel-manganese-cobalt oxide (NMC), 2020-2030F

6.3.4 India Electric Commercial Vehicle Market Revenues & Volume, By Others, 2020-2030F

6.4 India Electric Commercial Vehicle Market, By Battery Capacity

6.4.1 Overview and Analysis

6.4.2 India Electric Commercial Vehicle Market Revenues & Volume, By less than 50 kWh, 2020-2030F

6.4.3 India Electric Commercial Vehicle Market Revenues & Volume, By  50â??250 kWh, 2020-2030F

6.4.4 India Electric Commercial Vehicle Market Revenues & Volume, By above 250 kWh, 2020-2030F

6.5 India Electric Commercial Vehicle Market, By Power Output

6.5.1 Overview and Analysis

6.5.2 India Electric Commercial Vehicle Market Revenues & Volume, By less than 100 KW,, 2020-2030F

6.5.3 India Electric Commercial Vehicle Market Revenues & Volume, By 100â??250 KW, 2020-2030F

6.5.4 India Electric Commercial Vehicle Market Revenues & Volume, By Above 250 KW, 2020-2030F

6.6 India Electric Commercial Vehicle Market, By End-user

6.6.1 Overview and Analysis

6.6.2 India Electric Commercial Vehicle Market Revenues & Volume, By Last Mile Delivery, 2020-2030F

6.6.3 India Electric Commercial Vehicle Market Revenues & Volume, By Distribution Service, 2020-2030F

6.6.4 India Electric Commercial Vehicle Market Revenues & Volume, By Field Service, 2020-2030F

6.6.5 India Electric Commercial Vehicle Market Revenues & Volume, By Refuse Service, 2020-2030F

6.6.6 India Electric Commercial Vehicle Market Revenues & Volume, By Long Haul Transportation, 2020-2030F

6.7 India Electric Commercial Vehicle Market, By Component

6.7.1 Overview and Analysis

6.7.2 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Motor, 2020-2030F

6.7.3 India Electric Commercial Vehicle Market Revenues & Volume, By EV Battery, 2020-2030F

6.7.4 India Electric Commercial Vehicle Market Revenues & Volume, By , 2020-2030F

6.8 India Electric Commercial Vehicle Market, By Autonomous Vehicles

6.8.1 Overview and Analysis

6.8.2 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Truck, 2020-2030F

6.8.3 India Electric Commercial Vehicle Market Revenues & Volume, By Electric Autonomous Bus, 2020-2030F

7 India Electric Commercial Vehicle Market Import-Export Trade Statistics

7.1 India Electric Commercial Vehicle Market Export to Major Countries

7.2 India Electric Commercial Vehicle Market Imports from Major Countries

8 India Electric Commercial Vehicle Market Key Performance Indicators

9 India Electric Commercial Vehicle Market - Opportunity Assessment

9.1 India Electric Commercial Vehicle Market Opportunity Assessment, By Propulsion Type, 2020 & 2030F

9.2 India Electric Commercial Vehicle Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F

9.3 India Electric Commercial Vehicle Market Opportunity Assessment, By Battery Type, 2020 & 2030F

9.4 India Electric Commercial Vehicle Market Opportunity Assessment, By Battery Capacity, 2020 & 2030F

9.5 India Electric Commercial Vehicle Market Opportunity Assessment, By Power Output, 2020 & 2030F

9.6 India Electric Commercial Vehicle Market Opportunity Assessment, By End-user, 2020 & 2030F

9.7 India Electric Commercial Vehicle Market Opportunity Assessment, By Component, 2020 & 2030F

9.7 India Electric Commercial Vehicle Market Opportunity Assessment, By Autonomous Vehicles, 2020 & 2030F

10 India Electric Commercial Vehicle Market - Competitive Landscape

10.1 India Electric Commercial Vehicle Market Revenue Share, By Companies, 2023

10.2 India Electric Commercial Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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