E-Vehicle Market in India

E – Vehicle Market In India
Dr. K. Natarajan ( SL. No 19)

Assistant Professor
Department of Business Administration
Thiru Kolanjiyappar Government Arts College
Vriddhachalam – 606 001
Presented During
Refresher Course in Business Studies, HRDC, Madurai Kamaraj University
OVERVIEW OF THE INDIAN AUTOMOBILE INDUSTRY
 The automobile industry is one of the key drivers of the Indian economy.
 Since the liberalization of the sector in 1991 by way of allowing 100 percent FDI through
automatic route.
 Today, there is a presence of almost every global auto manufacturer in the country.
 All categories of vehicles like two-wheeler, three-wheeler, passenger cars, light commercial
vehicles, Trucks, Buses, Tractors and heavy Commercial vehicles are produced in the country.
 India is the largest manufacturer of 2W and 3W and 4th largest manufacturers of passenger cars
in the world.
 Total turnover of the Indian Automobile Industry during 2018-19 was about 118 Billion USD (Rs
8.2 Lakh Crore), which constitutes 7.1% of the country’s total GDP, 27% of Industrial GDP and
49% of Manufacturing GDP.
 India became the fourth largest auto market in 2019.
 India is expected to displace Japan as the third largest auto market by 2021.
 The two wheelers segment dominates the market in terms of volume owing to a growing middle
class and a young population.
 The electric vehicle (EV) market is likely to be a Rs 50,000-crore opportunity in India by 2025.
What is e – vehicle – vehicle that uses one or more electric motors or traction motors
for propulsion.
EV INDUSTRY AT A GLANCE
The electric vehicles industry at a nascent stage in India.
It is less than 1% of the total vehicle sales however has the potential to grow to more than 5% in a few
years.
At present there are more than 5 lac electric two-wheelers and few thousand electric cars on Indian roads.
As many as 1.56 lakh Evs were sold in India in 2019-20 as against 1.3 Lakh in previous fiscal.
Two wheeler accounted for nearly 97.5%, 1.52 lakh e-two wheelers, 3400 e-cars and 600 e-busses were sold.
Among them 97% were scooters.
More than 90% of electric vehicles on Indian roads are low-speed electric scooters (less
than 25km/hr) that do not require registration and licenses.
Many manufacturers have taken initiatives to install the charging station with limited
success. Players like Lohia and Electrotherm have developed Electric three-wheelers.
Ampere and Hero have entered Electric Cycles segments. There are numbers of E-
Rickshaw players mushrooming across the country and selling good numbers of E
rickshaw for last-mile connectivity.
All-electric vehicles (AEVs) run only on electricity. Most have all-electric ranges of 80 to
100 miles, while a few luxury models have ranges up to 250 miles. When the battery is
depleted, it can take from 30 minutes (with fast charging) up to nearly a full day (with Level
1 charging) to recharge it, depending on the type of charger and battery.
Based on the last six years of sales data, the vehicles on Indian roads are estimated to
consist of:
 Two-wheelers: 79% of the total number of vehicles.
 Three-wheelers (passenger and goods), including tempos: 4% of the total number of vehicles.
 Buses and large goods vehicles like trucks: 3% of the total number of vehicles.
Economy four-wheelers (cars costing less than ₹1 million): 12% of the total number of vehicles.
 Premium four-wheelers (cars costing higher than ₹1 million): 2% of the total number of vehicles.
THE INDIAN CONTEXT - The key objectives of the EV policy are
1. Reduce Primary Oil Consumption In Transportation. (spent $111.9 billion on oil import in 2018-19)
2. Facilitate Customer Adoption of Electric and Clean Energy Vehicles.
3. Encourage Cutting Edge Technology in India through Adoption, Adaptation, and Research and Development.
4. Improve Transportation Used by the Common Man for Personal and Goods Transportation.
5. Reduce Pollution in Cities. ( India emits 7% of global emissions, Road 90.1%, Aviation 5.6%,
Railways 3.1%, Water born navigation 1.2%)
6. Create EV Manufacturing Capacity that is of Global Scale and Competitiveness.
7. Facilitate Employment Growth in a Sun-rise Sector.
IMPACT OF EVs ON ECONOMIC GROWTH
IMPACT ON EMPLOYMENT (employment will increase by 5,00,000 to 8,50,000 by 2030).

IMPACT ON ENVIRONMENT AND HEALTH (main sources of air pollution globally).
Advantages of E - Vehicles
Butter smooth and almost noseless
Explosive torque available from standstill – minimizing the number of intermediate parts.
Easiest driving operation
Zero emissions and pollution
Disadvantages of e - Vehicles
Limited range and Long Recharge time
Is the source of energy green? (58% Thermal power, Wind power 25%)
Lack of adequate charging infrastructure
Limited choice of E vehicle in the market
High upfront cost.
CONCLUSION
 Its Oil-import Bill Would Considerably Reduce

 EVS Will Definitely Improve Air Quality - According to the WHO database
14 out of 15 most polluted cities in terms of PM2.5 concentrations are in India
 We Can Become Leaders In Small And Public Electric Vehicles
THANK YOU

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E – Vehicle Market In India

Dr. K. Natarajan ( SL. No 19)

2. Facilitate Customer Adoption of Electric and Clean Energy Vehicles.

6. Create EV Manufacturing Capacity that is of Global Scale and Competitiveness.

7. Facilitate Employment Growth in a Sun-rise Sector.

IMPACT OF EVs ON ECONOMIC GROWTH

IMPACT ON EMPLOYMENT (employment will increase by 5,00,000 to 8,50,000 by 2030).

 Its Oil-import Bill Would Considerably Reduce

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