India EV Infrastructure Market: Investment & Growth Opportunity Analysis, 2019-2028

"India EV Infrastructure Market Analysis & Forecast, 2019-2028
The electric vehicle (EV) infrastructure market is anticipated to witness a robust growth of more than 30% during the period 2019-2028. The EV industry in India is growing significantly. However, adequate infrastructure for charging an electric vehicle is essential for the growth of the EV market in India. The Government of India has set a target to convert 70% of all commercial vehicles, 30% of private cars, 40% of buses, and 80% of two-wheeler and three-wheelers sales into EVs by 2030. This target requires a sufficient number of charging stations across India. The pivotal growth drivers for the India EV infrastructure market are strong government push and cohesive policies along with the industry initiatives. The industry players have also been optimistic and shown an active interest in the overall EV infrastructure development. The government also aims to provide fiscal and monetary incentives to crank up this growing technology. The charging infrastructure is the backbone of electric mobility, however, it is also a key barrier to EV adoption in India due to its limited availability and long charging time.

Government initiatives to push the market upward
The Government of India has been supporting several initiatives to promote the demand for EVs through schemes such as FAME-I, FAME-II, and the National E-mobility program. For instance, the FAME-I scheme was notified in April 2015 to promote the manufacturing of EVs. This scheme is mainly focused on four aspects i.e., demand creation, technology platform, pilot projects, and charging infrastructure. FAME-II was launched in 2019 for the duration of three years. It focuses on supporting the electrification of public and shared transportation. The Federation of Indian Chambers of Commerce & Industry (FICCI) also asked for the continuation of FAME-II till 2025 to increase the demand for EVs. This scheme had an outlay of US$ 1.3 billion to be used for the incentives for the purchase of the EV as well as to support the charging infrastructure of EVs in India. Moreover, the National E-Mobility Program was launched in 2018 which aimed to achieve national fuel security by promoting hybrid and EVs in the country, with a target of 30% of vehicles to be electric by 2030. This is expected to provide a significant thrust to the market growth in the coming future.

Delhi Government announced, 40 public charging stations across the national capital
The Housing and Urban Development Ministry of India issued guidelines in January 2019 that mandated commercial and residential complexes to allow 20% of their parking space for accommodating EV charging facilities. Moreover, in October 2019, oil-ministry guidelines allowed oil & gas companies with a net worth of INR 2.5 billion to sell petrol and diesel with a condition that they install facilities for marketing at least one new generation alternate fuel such as CNG, LPG, or EV charging within three years of the start of the operations. Many gas stations are therefore opting for EV charging solutions to adhere to that condition which is acting as one of the growth factors for the market. In April 2022, the Delhi government also announced that people in Delhi will be able to charge their EVs free of cost between 12 noon and 3 pm at over 40 public charging stations across the national capital.


Market Structure and Key Players
Some of the key players operating in the India EV infrastructure market are Energy Efficiency Service Ltd. (EESI), Rajasthan Electronics and Instruments Ltd. (REIL), Tata Power Ltd., EVI Technologies, Tecso ChargeZone (P) Ltd., Volttic (Tvesas Electric Solutions Pvt. Ltd.), Fortum Corp., ABB India Ltd. (ABB Ltd.), Panasonic Industry Co., Ltd., and Schneider Electric SE, among others. In 2022, TATA power, REIL, and EESI together hold more than half of the market share. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the India EV infrastructure market include,
• In April 2022, EV maker Omega Seiki Mobility and advanced battery technology start-up Log9Materials will jointly invest INR 150 Cr in charging infrastructure by the financial year 2024.
• In January 2022, Niti Ayog has suggested that railways should start setup charging plants and swapping stations at railway stations and office complexes in at least 20% of their parking capacity, and also install at least one EV charging point at each targeted manned level crossing and railway colony. This is aimed at developing the EV infrastructure of the country.
• In January 2022, California-based EV infrastructure solutions provider EvGateway announced the launch of its operation in India. This enabled the company to expand its global footprint and strengthen its revenue stream.
• In October 2021, Maharashtra Government signed an agreement with Causis E-Mobility Pvt. Ltd. to set up an EV manufacturing facility in the state. In phase two, the company will set up its own battery Giga factory in Maharashtra to manufacture and supply EV batteries. "

India Electric Vehicle (EV) Infrastructure Market Analysis and Forecast 2019-2028
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation

2. Assumptions and Acronyms

3. Executive Summary
3.1. India Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends

4. Research Methodology

5. Analysis of COVID-19 Impact and Road Ahead
5.1. Impact on Growth Strategies
5.2. Impact on Operations and Supply Chain
5.3. Impact on the Investments in the Automotive Sector
5.4. Impact on Roll-outs Plans

6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, economic conditions, industry expenditures, among others
6.3. Supply Chain & Value Chain Analysis
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter’s Five Forces Analysis

7. India and Regional Market Dynamics
7.1. Drivers
7.2. Restraints
7.3. Trends
7.4. Opportunities

8. India EV Infrastructure Market: Key Investment Analysis
8.1. By Industry Players
8.2. By Public Entities
8.3. By Region
8.4. M&A Activities

9. Segmental Analysis
9.1. India EV Infrastructure Market by Charger Type
9.1.1. Segment Overview
9.1.1.1. Slow Chargers
9.1.1.2. Fast Chargers
9.2. India EV Infrastructure Market by Connector
9.2.1. Segment Overview
9.2.1.1. Type 1
9.2.1.2. Type 2
9.2.1.3. CHAdeMo
9.2.1.4. CCS
9.3. India EV Infrastructure Market by Application
9.3.1. Segment Overview
9.3.1.1. Commercial
9.3.1.2. Residential

10. Competitive Landscape
10.1. Competition Dashboard
10.1.1. Market Share Analysis
10.1.2. Market Structure
10.2. Competitive Benchmarking
10.3. Key Startups in the Market
10.4. Key Strategy Analysis
10.5. Company Profiles
10.5.1. Energy Efficiency Service Ltd. (EESI)
10.5.1.1. Company Overview
10.5.1.2. Product/Service Offerings
10.5.1.3. Key Financials
10.5.1.4. Recent Developments
10.5.2. Rajasthan Electronics and Instruments Ltd. (REIL)
10.5.2.1. Company Overview
10.5.2.2. Product/Service Offerings
10.5.2.3. Financials
10.5.2.4. Recent Developments
10.5.3. Tata Power Ltd.
10.5.3.1. Company Overview
10.5.3.2. Product/Service Offerings
10.5.3.3. Financials
10.5.3.4. Recent Developments
10.5.4. EVI Technologies
10.5.4.1. Company Overview
10.5.4.2. Product/Service Offerings
10.5.4.3. Financials
10.5.4.4. Recent Developments
10.5.5. Tecso ChargeZone (P) Ltd.
10.5.5.1. Company Overview
10.5.5.2. Product/Service Offerings
10.5.5.3. Financials
10.5.5.4. Recent Developments
10.5.6. Volttic (Tvesas Electric Solutions Pvt. Ltd.)
10.5.6.1. Company Overview
10.5.6.2. Product/Service Offerings
10.5.6.3. Financials
10.5.6.4. Recent Developments
10.5.7. Fortum Corp.
10.5.7.1. Company Overview
10.5.7.2. Product/Service Offerings
10.5.7.3. Financials
10.5.7.4. Recent Developments
10.5.8. ABB India Ltd. (ABB Ltd.)
10.5.8.1. Company Overview
10.5.8.2. Product/Service Offerings
10.5.8.3. Financials
10.5.8.4. Recent Developments
10.5.9. Panasonic Industry Co., Ltd.
10.5.9.1. Company Overview
10.5.9.2. Product/Service Offerings
10.5.9.3. Financials
10.5.9.4. Recent Developments
10.5.10. Schneider Electric SE
10.5.10.1. Company Overview
10.5.10.2. Product/Service Offerings
10.5.10.3. Financials
10.5.10.4. Recent Developments
**List not Exhaustive

11. Disclaimer


List Of Tables

Table 1: India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Charger Type
Table 2: India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Charger Type
Table 3: India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connector
Table 4: India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Connector
Table 5: India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 6: India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Application
Table 7: India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Region
Table 8: India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Region
Table 9: North India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Charger Type
Table 10: North India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Charger Type
Table 11: North India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connector
Table 12: North India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Connector
Table 13: North India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 14: North India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Application
Table 15: West & Central India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Charger Type
Table 16: West & Central India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Charger Type
Table 17: West & Central India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connector
Table 18: West & Central India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Connector
Table 19: West & Central India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 20: West & Central India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Application
Table 21: South India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Charger Type
Table 22: South India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Charger Type
Table 23: South India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connector
Table 24: South India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Connector
Table 25: South India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 26: South India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Application
Table 27: East India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Charger Type
Table 28: East India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Charger Type
Table 29: East India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Connector
Table 30: East India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Connector
Table 31: East India EV Infrastructure Market Value (US$ Mn) Analysis and Forecast 2019-2028, by Application
Table 32: East India EV Infrastructure Market Volume (‘000 units) Analysis and Forecast 2019-2028, by Application


List Of Figures

Figure 01: India EV Infrastructure Market Volume (‘000 units), 2019-2021
Figure 02: India EV Infrastructure Market Volume (‘000 units) & Y-o-Y Growth (%) Analysis, 2022–2028
Figure 03: EV Infrastructure, Pricing Analysis per unit (US$), in 2022
Figure 04: EV Infrastructure, Pricing Forecast per unit (US$), in 2028
Figure 05: India EV Infrastructure Market Value Analysis (US$ Mn), 2019-2021
Figure 06: India EV Infrastructure Market Size (US$ Mn) & Y-o-Y Growth (%) Analysis, 2022–2028
Figure 07: India EV Infrastructure Market Size and Market Share Analysis (%) by Charger Type, 2022 & 2028
Figure 08: India EV Infrastructure Market Y-o-Y Analysis (%) by Charger Type, 2022-2028
Figure 09: India EV Infrastructure Market Size and Market Share Analysis (%) by Connector, 2022 & 2028
Figure 10: India EV Infrastructure Market Y-o-Y Analysis (%) by Connector, 2022-2028
Figure 11: India EV Infrastructure Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 12: India EV Infrastructure Market Y-o-Y Analysis (%) by Application, 2022-2028
Figure 13: India EV Infrastructure Market Size and Market Share Analysis (%) by Region, 2022 & 2028
Figure 14: India EV Infrastructure Market Y-o-Y Growth (%) by Region, 2022–2028
Figure 15: North India EV Infrastructure Market Size and Market Share Analysis (%) by Charger Type, 2022 & 2028
Figure 16: North India EV Infrastructure Market Size and Market Share Analysis (%) by Connector, 2022 & 2028
Figure 17: North India EV Infrastructure Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 18: West & Central India EV Infrastructure Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 19: West & Central India EV Infrastructure Market Size and Market Share Analysis (%) by Connector, 2022 & 2028
Figure 20: West & Central India EV Infrastructure Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 21: South India EV Infrastructure Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 22: South India EV Infrastructure Market Size and Market Share Analysis (%) by Connector, 2022 & 2028
Figure 23: South India EV Infrastructure Market Size and Market Share Analysis (%) by Country, 2022 & 2028
Figure 24: East India EV Infrastructure Market Size and Market Share Analysis (%) by Application, 2022 & 2028
Figure 25: East India EV Infrastructure Market Size and Market Share Analysis (%) by Connector, 2022 & 2028
Figure 26: East India EV Infrastructure Market Size and Market Share Analysis (%) by Country, 2022 & 2028


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