インドのEV市場、2024年～2031年

製造の現地化、イノベーション、スケールの経済が今後2～5年間で変革的な成長を牽引

インドでは電動四輪車の普及が徐々に進んでおり、グローバル企業にとって主要な市場となっています。インドのEV市場の成長は、主に製造の現地化、サプライチェーンの安全性、輸出競争力、環境意識に重点を置いた、政府の取り組みやインセンティブによってもたらされています。高まる需要に対応するため、グローバル企業や国内企業はインド市場で新型EVモデルの投入を控えています。このことは、充電インフラプロバイダーやバッテリー技術企業にとって大きなビジネスチャンスをもたらすだけでなく、革新的な融資ビジネスモデルの創出、現地のEV部品製造能力の強化、官民両企業による車両電動化の促進にもつながります。

この調査でのトピックは以下の通り：

• インドのEV市場に影響を与える業界動向
• 地域/州別のEV普及率
• 主要OEMによるEV販売への貢献
• OEMの生産インフラ、投資、市場開発アプローチ
• インドのEV市場の将来展望

目次

調査範囲

• インドのEV市場：概要
• 地域セグメンテーション

インドのEV市場におけるトランスフォーメーション

• なぜ成長が難しくなっているのか？
• The Strategic Imperative 8
• インドのEV市場に対する戦略的インペラティブトップ3の影響

エコシステム

• 調査手法
• 調査で回答する質問
• 競合環境
• 主な競合企業
• EVのOEMに影響を与える要因
• EVの流通チャネル

成長ジェネレーター

• 主な調査結果：現在と将来の展望
• 主要成長指標
• 成長促進要因
• 成長抑制要因
• 市場成長に影響を与える潜在動向
• サプライチェーンの地域化
• 相互運用可能な充電ネットワーク
• 主要な戦略的提携
• コネクテッド機能
• UX IoT：量産EVのプレミアム機能
• バッテリー技術の進歩
• インドのインセンティブ進化
• タイムライン：主な制度とインセンティブ
• 主要州の購入補助金/免除制度
• 米国の新関税がインドのEV業界に与える影響
• 予測に関する考察
• インドのEV市場：2024年と2025e
• EV普及率、地域別：2024年の比較サマリー
• インド：EV販売予測
• EV販売予測、地域別
• EV販売台数シェアと市場シェア、OEM別、2024年

北部地域のEV市場：概要

• 主要成長指標
• 地域の概要：北部地域

北東部地域のEV市場：概要

• 主要成長指標
• 地域の概要：北東部地域

東部地域のEV市場：概要

• 主要成長指標
• 地域の概要：東部地域

中部地域のEV市場：概要

• 主要成長指標
• 地域の概要：中部地域

西部地域のEV市場：概要

• 主要成長指標
• 地域の概要：西部地域

南部地域のEV市場：概要

• 主要成長指標
• 地域の概要：南部地域

競合情勢

• 事業OEMの投資/イニシアティブ
• インドの主要EV生産施設：サマリー
• インドの一次PV生産能力：サマリー
• 主要EV開発地域クラスター
• EV開発の主要地域：採用状況
• 電池セル生産の展望、主要参入企業別
• タイムライン：OEMの戦略的フォーカス

主要貢献者：展示

• Tata Motors
• JSW MG Motors India
• Mahindra & Mahindra

成長機会ユニバース

• 成長機会1：EV業界の自給自足を後押しする政府の取り組み
• 成長機会2：現地化の実現
• 成長機会3：国内での連携

主な結論

• 3大結論

付録と次のステップ

• 成長機会のメリットと影響
• 次のステップ
• 資料リスト
• 免責事項

Manufacturing Localization, Innovation, and Economies of Scale will Drive Transformational Growth in the Next 2-5 Years

The adoption of electric four-wheelers in India is growing gradually, making it a major market for global companies. The growth of the electric vehicle (EV) market in the country is predominantly driven by government initiatives and incentives, mainly focusing on manufacturing localization, supply chain security, and export competitiveness, as well as environmental awareness. To keep up with the growing demand, global and domestic companies are on the verge of launching new EV models in the Indian market, which will not only open significant opportunities for charging infrastructure providers and battery technology companies but also pave the way for innovative financing business models, enhancing local EV component manufacturing capability and encouraging private and public companies to electrify their fleets; for example, last-mile delivery service companies shifting to EVs will see a significant spike.

This study covers the following topics:

• Industry trends impacting the Indian EV market
• EV adoption by regions/states
• EV sales contributions by primary OEMs
• OEMs' production infrastructure, investments, and market development approach
• Future outlook for the Indian EV market

The Impact of the Top 3 Strategic Imperatives on the Indian EV Market

Competitive Intensity

Transformative Megatrends

Industry Convergence

Why

• Presently, domestic and offshore OEM brands dominate the Indian electric PV market by securing the top 2 positions in the sales chart.
• These OEMs primarily focus on compact SUVs and hatchbacks to attract urban consumers in India's metropolitan areas.

Frost Perspective

• India's EV industry is poised for heightened competition in the coming years as more OEMs enter the market.
• Notably, the entry of established companies such as Maruti, backed by a vast customer base and strong scalability, will not only boost EV sales but also enhance consumer confidence in EVs. Maruti is expected to launch at least 4 EVs in India over the next 5 years.

Why

• As major Indian cities such as Delhi, Bengaluru, and Mumbai struggle with severe air quality issues, the electrification of urban mobility has become a crucial initiative to successfully tackle pollution challenges.

Frost Perspective

• Alongside consumers adopting EVs due to advantages related to operating and maintenance costs, the transition of fleet owners to EVs will significantly contribute to addressing air quality issues in major cities.
• Nevertheless, chasing infrastructure expansion by public and private networks will play a crucial role in realizing change in urban mobility.

Why

• Indian companies are collaborating with global technology and battery firms; for example, market leader Tata is partnering with Renesas (a Japanese chip maker) to develop an EV ecosystem in India with a focus on semiconductor solutions and EV-specific technology.

Frost Perspective

• These global partnerships, along with local production investments, reduce dependency on imports and lower production costs.
• Apart from this, these alliances combine international technology and investment with local market understanding and policy incentives to create a high-impact model for scaling EV adoption.

Competitive Environment

• Number of Competitors the Study Considers
• 14 (Tata Motors, JSW MG Motors India, Mahindra & Mahindra, BYD India, PCA India (Citroen), BMW India, Mercedes-Benz, Hyundai Motor India, Volvo Auto India, Kia India, Audi, Porsche, Rolls-Royce, JLR India)

Competitive Factors

• EV unit sales

Top 5 Competitors

• Tata Motors, JSW MG Motors India, Mahindra & Mahindra, BYD India, PCA India (Citroen)

Market Share of the Top 3 OEMs

• 91.1% (Tata Motors, JSW MG Motors India, Mahindra & Mahindra)

Other Notable Competitors

• BMW India, Mercedes-Benz, Hyundai Motor India, Volvo Auto India, Kia India

Scope

Market Analysis

• Comprehensive evaluation of market trends.

Competitive Landscape

• Overview of key players in the Electric Vehicle Market, India.

Regulatory Framework

• Insights on policies affecting the electric vehicle sector.

Consumer Insights

• Understanding consumer behavior and adoption trends.

Technological Advancements

• Examination of innovations driving the market forward.

Table of Contents

Research Scope

• The Indian EV Market: Overview
• Regional Segmentation

Transformation in the Indian EV Market

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8
• The Impact of the Top 3 Strategic Imperatives on the Indian EV Market

Ecosystem

• Research Methodology
• Questions This Study Will Answer
• Competitive Environment
• Key Competitors
• Factors Influencing EV OEMs
• EV Distribution Channels

Growth Generator

• Primary Findings: Current and Future Outlook
• Key Growth Metrics
• Growth Drivers
• Growth Restraints
• Potential Trends Influencing Market Growth
• Supply Chain Localization
• Interoperable Charging Networks
• Key Strategic Collaborations
• Connected Features
• UX IoT: Premium Features in Mass EVs
• Battery Technology Advancements
• Incentive Evolution In India
• Timeline: Major Schemes and Incentives
• Purchase Subsidies/Exemptions by Leading States
• Impact of New US Tariffs on the Indian EV Industry
• Forecast Considerations
• Indian EV Market: 2024 and 2025e
• EV Adoption by Region: 2024 Comparison Summary
• India: EV Sales Forecast
• EV Sales Forecast by Region
• EV Unit Sales Share and Market Share by OEMs, 2024

Northern Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Northern Region

Northeastern Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Northeastern Region

Eastern Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Eastern Region

Central Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Central Region

Western Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Western Region

Southern Region EV Market: Overview

• Key Growth Metrics
• Regional Overview: Southern Region

Competitive Landscape

• Operating OEMs' Investments/Initiatives
• Key EV Production Facilities in India: Summary
• Primary Electric PV Production Capability in India: Summary
• Key EV Development Regional Clusters
• EV Developments Key Areas: Adoption Status
• Battery Cell Production Outlook by Key Participants
• Timeline: OEMs' Strategic Focus

Key Contributors: Exhibits

• Tata Motors
• JSW MG Motors India
• Mahindra & Mahindra

Growth Opportunity Universe

• Growth Opportunity 1: Government Initiatives Pushing the EV Industry Toward Self-sufficiency
• Growth Opportunity 2: Enabling Localization
• Growth Opportunity 3: Domestic Collaboration

Key Conclusions

• Top 3 Conclusions

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer