Press Release Description

State Level EV Policies to Drive the India E-Vehicle Charging Infrastructure Market

India is experiencing a growing vehicular population resulting in issues related to vehicular emissions. The rising vehicular emissions leads to poor air quality and health problems. The growing health problems and harmful emissions from conventional fuel powered vehicles has positively impacted the demand for electric vehicles market. Therefore, it is anticipated to strongly contribute to the growth of India e-vehicle charging infrastructure market in the years to come.

According to MarkNtel Advisors’ research report “India E-Vehicle Charging Infrastructure Market Analysis, 2020”, the e-vehicle charging infrastructure market is projected to grow at a CAGR of more than 30% during 2020-25. The increasing initiatives by the government such as GST cut and tax free registration to boost the penetration of electric vehicles in India is anticipated to positively impact the growth of India e-vehicle charging infrastructure market. The electric vehicles require proper charging infrastructure, which is currently at a nascent stage in India. However, various countries are increasingly installing electric vehicle charging stations in the country, which would boost the growth of electric vehicle charging infrastructure market. In 2018, Tata Power partnered with Tata Motors to establish electric vehicle charging stations in Maharashtra. 

As per MarkNtel Advisors’ study, the residential units grabbed a significant market share in the India e-vehicle charging infrastructure market in 2019. The Housing and Urban Development Ministry of India made it mandatory in 2019 for the residential and commercial complexes to allow 20% of their parking space for accommodating electric vehicle charging facilities. Moreover, individual state level EV policies have been designed by eight states such as Andhra Pradesh, Delhi, Karnataka, Kerala, Maharashtra, Telangana, Uttarakhand, and Uttar Pradesh. Karnataka aims to establish 100% e-mobility for most vehicle segments in Bangalore by 2030. Therefore, the increasing focus towards the deployment electric vehicles is projected to positively impact the demand for electric vehicle charging infrastructure in the country.

The major players who has grabbed a considerable market share in the India electric vehicle charging infrastructure market include Sun Mobility, Tata Motors, Mahindra & Mahindra, ACME Group, Ather Energy, Cell Propulsion, etc. The companies are gradually introducing new electric vehicles charging systems to gain a competitive edge in the industry. In 2019, Panasonic launched Nymbus, which is an electric vehicle charging service consisting of charging stations, swap stations, on-board charging, and telematics systems. In 2018, NTPC introduced its first electric vehicle charging station in Vishakhapatnam. 

"India E-Vehicle Charging Infrastructure Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and opportunities available for e-vehicle charging infrastructure firms across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings.  
 
 Industry Segmentation:

1.    By Platform (Hardware, Services)
2.    By Connector Type (CHAdeMO, Combined Charging System (CCS), Others)
3.    By Battery (Lead-Acid Battery, Lithium-Ion Battery)
4.    By Application (Hotels, Open Public Places, Roads & Highways, Residential Units, Others)
5.    By Geographic Region (North, South, West, East, North-East)
6.    By Competitors (Sun Mobility, Tata Motors, Mahindra & Mahindra, ACME Group, Ather Energy, Cell Propulsion, Others)  

Key questions answered in the study: 

1.    What are the current and future trends of the India e-vehicle charging infrastructure market? 
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    What are the future plans and customer expectations of end-users across the country? 
4.    How the competition has been shaping across the countries followed by their comparative factorial indexing?
5.    What are the key growth drivers and challenges for the India e-vehicle charging infrastructure market?
6.    What are the customer orientation, purchase behavior, and expectations from the e-vehicle charging infrastructure companies across various regions?

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