India Electric Vehicle Battery Market, Size, Trends, Share, Growth and Forecast 2021-2026

ANCHORAGE, Alaska - June 16, 2021 - PRLog -- According to the latest report by IMARC Group, titled "India Electric Vehicle Battery Market Size: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the india electric vehicle battery market expected to grow at a CAGR of around 30% during (2021-2026).

Electric vehicle (EV) battery is usually installed in battery electric vehicles (BEV), hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles. Some of the common product variants are nickel-metal hydride battery, lithium-ion battery and lead-acid battery. EV batteries offer several advantages in minimizing carbon emissions, controlling maintenance costs, mitigating fuel dependency, producing high energy per unit mass, etc. In India, electric vehicles have gained more traction over traditional gasoline-powered automobiles, thereby driving the adoption of EV batteries.

India Electric Vehicle Battery Market Trends:

The growing concerns towards the harmful impact of fuel-based vehicles on the environment are primarily driving the demand for electric vehicle batteries. Additionally, a significant increase in the automotive industry has resulted in the development of several custom-made options for EV batteries to be employed in buses, loaders, trucks, excavators, vans, etc.

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India Electric Vehicle Battery Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

Amar Raja Batteries Limited, Exicom Tele-Systems Limited, Exide Industries Ltd, Hero Electric Vehicles Pvt. Ltd., Okaya Power Pvt. Ltd., Panasonic India Private Limited (Panasonic Corporation), Samsung SDI Company Limited (Samsung SDI Co., Ltd.), Tata AutoComp GY Batteries Private Limited, Tata Motors Limited and Toshiba India Pvt. Ltd.

The report has segmented the market on the basis on region, disc type, material type and end user.

Breakup by Battery Type:

• Lithium-Ion Battery
• Nickel-Metal Hydride Battery
• Lead-Acid Battery
• Others

Breakup by Propulsion Type:

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicles
• Hybrid Electric Vehicles

Breakup by Vehicle Type:

• Passenger Car
• Commercial Vehicle
• Two-Wheeler

Breakup by Region:

• North India
• West and Central India
• South India
• East India

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Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021- 2026)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.