Which of these listed automobile companies shall dominate the electric vehicles segment in india in the coming years?

utomobile companies with more customer reach and market share are believed to benefit in future on the launch of electric vehicles segment. Considering this, there are few companies which can be focused on by investors. 1.Maruti Suzuki The company has a wide reach in Indian markets and is one the most trusted by Indian car owners. The company is going to launch its electric vehicle Maruti Suzuki Wagon R electric vehicle in the second half of 2021. Provided the infrastructure developments also go hand in hand with the launch of electric vehicle, the car will see a good sale in future. 2. Amar Raja Batteries As the main component of the electric vehicles is battery, India's second-biggest traditional battery maker Amara Raja is looking to build a Lithium-ion assembly plant soon. The firm is already working in collaboration with different state governments to promote the use of electric vehicles. They have collaborated with Delhi government to set up charging station. Amara RajalaunchedEV charging stations and battery swapping stations in collaboration with Tirupati Municipal Corporation along with a fleet of electric auto-rickshaws as part of the central government’s Smart Cities program. 3. Minda Industries World’s best performing Indian auto parts maker Minda Industries will get a boost from the electric vehicle market. The company is in touch with original equipment manufacturers for possible EV-compatible systems and is evaluating existing products to see how they wi...

By: Dr Irfan Khan, Founder & CEO, eBikeGo Not only India, but all of the world’s top automakers have concluded that electric vehicles are the way of the future. With the arrival of e-mobility, the Indian automobile sector is undergoing a fundamental transformation. Electric vehicles are less expensive to operate, require less maintenance, and are better for the environment than their internal combustion engine equivalents (ICEs). The government’s demand for incentives under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME)-II Scheme, as well as different tax breaks under state EV policies, have made EVs an appealing alternative. There are many roadblocks that are giving Indian customers the creeps and preventing the widespread adoption of electric vehicles. The Indian government is continually seeking to stimulate the use of electric cars by decreasing the cost of gasoline imports and improving air quality by providing subsidies and other incentives. Although sales of these electric vehicles are increasing, there are several issues on the ground. According to a Grant Thornton Bharat-FICCI poll, India would need 400,000 charging stations by 2026 to meet the demand for two million electric vehicles on the road. FAME 2 revision impact, premium e-scooters overtake mass-market e-scooter sales says SMEV India buys approximately 25 million autos every year, according to certain estimates (including two-wheelers). By importing batteries, microcontrolle...

India joined the world in celebrating World EV Day on September 9. Electric vehicles (EV) have been part of a rising tide across the globe for more sustainable transportation. In India, after a stop start process, leading automakers are already in the race to make India a 100% e-vehicle nation in the next decade with indigenous startups playing a key role in the mission so far. Rising investor interest, surge in the number of bookings or vehicles sold and adoption of new technologies are a few important pointers for EV startups in India for the 2021-2022 period. Tracking this sector matters, for the simple reason that the auto sector accounts for close to 7% of India’s GDP, and over 40% share by value of its manufacturing sector. While the EV landscape is vast considering incumbents and industry stalwarts, Entrackr has prepared a report on startups which are emerging or have achieved product market fit in India. As per data compiled by our data tracking platform Fintrackr , nearly 43 startups in the EV mobility space have raised funds worth around $673 million in 2022 so far. This year has also been the best ever so far in terms of investments in the segment. Ola Electric, Ather Energy, Yulu, Altigreen, Blusmart, Battery Smart, Evage, and Statiq are some of the companies that received top dollar in the EV space during 2022. The full report in pdf can be Industry reports suggest that the Indian electric vehicle market was valued at $7 billion in 2021, and is expected to rea...