Hybrid & Electric Cars in India - Research and Markets

Hybrid & Electric Cars in India industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

Hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
The Indian hybrid & electric cars market recorded revenues of $5.94 billion in 2024, representing a compound annual growth rate (CAGR) of 136% between 2019 and 2024.
Market consumption volume increased with a CAGR of 139.6% between 2019 and 2024, reaching a total of 227,719.0 units in 2024.
The growth of the hybrid & electric cars market in India in 2024 was driven by high fuel prices. According to the Ministry of Petroleum and Natural Gas, petrol prices in Delhi increased by 7.5% in August 2024 compared to August 2023, influenced by rising crude oil costs, carbon pricing policies, and regional fuel regulations.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the hybrid & electric cars market in India
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in India
Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the India hybrid & electric cars market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the India hybrid & electric cars market by value in 2024?
What will be the size of the India hybrid & electric cars market in 2029?
What factors are affecting the strength of competition in the India hybrid & electric cars market?
How has the market performed over the last five years?
How large is India’s hybrid & electric cars market in relation to its regional counterparts?

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value
3.2. Market volume

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast
5.2. Market volume forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the recent developments in the market?

8 Company Profiles

8.1. Tata Motors Ltd
8.2. BYD India Pvt Ltd
8.3. Toyota Motor Corp
8.4. Volkswagen AG
8.5. Hyundai Motor India Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher

List of Tables

Table 1: India hybrid & electric cars market value: $ million, 2019-24
Table 2: India hybrid & electric cars market volume: Units, 2019-24
Table 3: India hybrid & electric cars market category segmentation: % share, by value, 2019-24
Table 4: India hybrid & electric cars market category segmentation: $ million, 2019-24
Table 5: India hybrid & electric cars market geography segmentation: $ million, 2024
Table 6: India hybrid & electric cars market value forecast: $ million, 2024-29
Table 7: India hybrid & electric cars market volume forecast: Units, 2024-29
Table 8: Tata Motors Ltd: Key Facts
Table 9: Tata Motors Ltd: Annual Financial Ratios
Table 10: Tata Motors Ltd: Key Employees
Table 11: BYD India Pvt Ltd: Key Facts
Table 12: Toyota Motor Corp: Key Facts
Table 13: Toyota Motor Corp: Annual Financial Ratios
Table 14: Toyota Motor Corp: Key Employees
Table 15: Toyota Motor Corp: Key Employees Continued
Table 16: Volkswagen AG: Key Facts
Table 17: Volkswagen AG: Annual Financial Ratios
Table 18: Volkswagen AG: Key Employees
Table 19: Volkswagen AG: Key Employees Continued
Table 20: Hyundai Motor India Ltd: Key Facts
Table 21: Hyundai Motor India Ltd: Annual Financial Ratios
Table 22: Hyundai Motor India Ltd: Key Employees
Table 23: India Size of Population (Million), 2020-24
Table 24: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 25: India GDP (Current Prices, $ Billion), 2020-24
Table 26: India Inflation, 2020-24
Table 27: India Consumer Price Index (Absolute), 2020-24
Table 28: India Exchange Rate, 2019-24

List of Figures

Figure 1: India hybrid & electric cars market value: $ million, 2019-24
Figure 2: India hybrid & electric cars market volume: Units, 2019-24
Figure 3: India hybrid & electric cars market category segmentation: $ million, 2019-24
Figure 4: India hybrid & electric cars market geography segmentation: % share, by value, 2024
Figure 5: India hybrid & electric cars market value forecast: $ million, 2024-29
Figure 6: India hybrid & electric cars market volume forecast: Units, 2024-29
Figure 7: Forces driving competition in the hybrid & electric cars market in India, 2024
Figure 8: Drivers of buyer power in the hybrid & electric cars market in India, 2024
Figure 9: Drivers of supplier power in the hybrid & electric cars market in India, 2024
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in India, 2024
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in India, 2024
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in India, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Tata Motors Ltd
BYD India Pvt Ltd
Toyota Motor Corp
Volkswagen AG
Hyundai Motor India Ltd

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Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

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