Automobile & EV Technology
FUTURE SCENARIOS OF EV IN INDIA
Presented by
Pratham Mudholkar 1032221659
Adwait Pawar 1032221232
Atharva Tambe 1032221239
Aryan Bhoyar 1032221581
Final Year B.Tech- Mech - Division 1 Semester-VIII AY 2024-25
March 18, 2025 1
CONTENT
1. Current state of affairs
2. Future scenarios
3. Benefits
4. Challenges
5. Industry players
6. Key players in the Indian EV market
7. Conclusion
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CURRENT STATE OF AFFAIRS
• India is the world's third-largest automobile market.
• The Indian government has set an ambitious target of having 30% of all
vehicles sold in India be electric by 2030.
• Currently, electric vehicles (EVs) account for less than 1% of all vehicles
sold in India.
• The high cost of EVs and the lack of charging infrastructure are the main
barriers to EV adoption in India.
• Despite these, the EV market in India is growing rapidly.
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FUTURE SCENARIOS
• In the next 10 years, EVs are expected to become more affordable and
accessible to the Indian consumer.
• The government is also expected to continue to invest in EV infrastructure,
such as charging stations.
• As a result, the EV market in India is expected to grow significantly in the
next decade.
• By 2030, EVs could account for up to 30% of all vehicles sold in India.
• This would have a significant impact on the Indian economy and the
environment.
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BENEFITS
• EVs produce zero emissions, which helps to improve air quality.
• EVs are also more energy efficient than traditional gasoline-powered
vehicles.
• This means that EVs can help to reduce India's dependence on imported
oil.
• EVs are also becoming more affordable, which makes them more
accessible to the Indian consumer.
• As a result, the EV market in India is expected to grow significantly in the
next decade.
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CHALLENGES
• The high cost of EVs is still a major barrier to adoption.
• The lack of charging infrastructure is also a challenge.
• India's electricity grid is also not yet ready to support a large
number of EVs.
• However, these challenges are being addressed by the government
and the private sector.
• As a result, the EV market in India is expected to grow significantly
in the next decade.
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Advantages
• High Starting Torque: Suitable for quick acceleration.
• Simple Speed Control: Adjusts with variable voltage.
• Cost-Effective: More economical than some alternatives.
• Reliability: Proven technology in EVs.
• Compact Design: Space-efficient for vehicle integration.
• Easily Maintained: Simple construction and accessible parts.
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Disadvantages
• Brush Wear in Brushed Motors: Frequent maintenance needed.
• Limited Efficiency: Higher energy consumption than some
alternatives.
• Heat Generation: Can reduce lifespan and efficiency.
• Noise and Vibration: More pronounced in brushed motors.
• Size Constraints: Can be larger than some motor types.
• Limited Power Output: Less suitable for heavy-duty EVs.
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KEY PLAYERS IN THE INDIAN EV MARKET
The Indian EV market is witnessing a surge in competition, with several major
players vying for dominance:
• Tata Motors: A leading player in the Indian automotive industry, Tata
Motors has introduced a range of electric vehicles, including the Nexon EV
and Tigor EV.
• Mahindra & Mahindra: Known for its SUVs and utility vehicles, Mahindra
is actively investing in electric mobility and has launched electric versions
of its popular models.
• Hyundai Motor India: A major global automaker, Hyundai offers electric
vehicles like the Kona Electric and is expanding its EV lineup.
• MG Motor India: A relatively new entrant, MG has gained popularity with
its electric SUV, the ZS EV.
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KEY PLAYERS IN THE INDIAN EV MARKET
• Ather Energy: A prominent player in the electric two-wheeler segment,
Ather offers high-performance electric scooters.
• Ola Electric: A recent entrant, Ola is focused on affordable electric
scooters and is rapidly expanding its market presence.
• Bajaj Auto: A renowned name in the two-wheeler industry, Bajaj is
exploring electric mobility options and has launched electric scooters.
• TVS Motor Company: Another leading two-wheeler manufacturer, TVS
is actively developing electric scooters and motorcycles.
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Conclusion
• The EV market in India is still in its early stages, but it is growing rapidly.
• The government and the private sector are taking steps to promote the adoption of EVs.
• As a result, the EV market in India is expected to grow significantly in the next decade.
• This would have a significant impact on the Indian economy and the environment.
March 18, 2025 11
References
• https://bolt.earth/blog/future-electric-vehicles-india
• https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/the-future-of-mob
ility-transforming-to-be-ahead-of-the-opportunity
• https://niti.gov.in/verticals/e-mobility-national-mission-transformative-mobility-and-battery-sto
rage
• https://cdn.ihsmarkit.com/www/pdf/0821/IHSMarkit_EV-Trends-Infographic.pdf
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THANK YOU
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