India Electric Car Market Competitive Landscape
vaibhav patil
vaibhav0222@gmail.com
vaibhav0222@gmail.com
Currently, the Indian electric car market is highly consolidated and is dominated by few players.
Mahindra Electric Mobility Ltd. is the only manufacturer of BEVs and leads the market in the country.
Other players such as Toyota Kirloskar Motor Pvt. Ltd., BMW AG, Volvo Car Corporation, and Honda Motor Co. Ltd. are offering HEV models in the market.
However, with the Indian government taking initiatives to boost the market growth through favorable policies and incentives to support the adoption of electric vehicles, other automotive players have ventured into the Indian electric car industry.
Furthermore, with the advent of established automotive manufacturers, such as Tata Motors Ltd., Hyundai Motor Company, and Honda Motor Co. Ltd., the competition is expected to intensify during the forecast period.
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