Research Report on India Electric Vehicle Battery Swapping Market - PowerPoint PPT Presentation

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Research Report on India Electric Vehicle Battery Swapping Market

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India Electric Vehicle Battery Swapping Market Research Report: By Vehicle Type (Two-Wheeler, Three-Wheeler, Commercial Vehicle), Service Type (Pay-Per-Use Model, Subscription Model) - Industry Size, Trend, Growth and Demand Forecast to 2030 – PowerPoint PPT presentation

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Date added: 7 September 2020
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Provided by: RahulGautam

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Title: Research Report on India Electric Vehicle Battery Swapping Market


1
India Electric Vehicle Battery Swapping Market
Outlook By Size, Demand Status Of Type,
Applications And Future Forecast
Due to increased run-time and improved
remunerative prospects for shared e-mobility
drivers, the demand for electric vehicle (EV)
battery swapping is rising in India. The market
is likely to be dominated by electric
three-wheelers as these vehicles are majorly used
for passenger carrier and run on an average more
than 100 km a day. Since with each full charge
these vehicles run less than 100 km, these are
required to be charged twice or thrice a
day. Battery swapping technology offers best
alternative to slow charging and helps the
drivers to make optimum use of the operational
hours. However, commercial vehicle category is
projected to grow at the fastest rate during the
forecast period in the Indian EV battery swapping
market. Based on service type, the pay-per-use
category is expected to hold the larger share in
the Indian EV battery swapping market in 2020,
and is further projected to remain the dominant
category during the forecast period. This can be
buoyed by the preference of the vehicle drivers
to pay as per their usage, due to lack of fixed
usage pattern of their vehicles. For instance, it
is observed that electric two-wheeler riders
generally do not prefer driving for longer
distances. Since they do not require much battery
swaps for running for short distance, majority of
the drivers are expected to opt for pay-per-use
model.
2
PRESCIENT STRATEGIC
INDIA ELECTRIC
CAGR 31.3 (2020-20301
INTF.LLIGr.NCF-
knowtoOoe now vntgy
VEHICLE
Market Drivers
BATTERY
No wait time for charging
SWAPPING
MARKET
Reduced upfront cost for EVs
Increased run-time and improved
remunerative prospects for shared
e-mobil ity drivers
Market Players
SUN Mobility Pvt. Ltd. Lithion Power Pvt. Ltd.
Ola Electric Mobility Pvt Ltd. Exicom
Tele-Systems Ltd.
Twenty Two Motors Pvt. Ltd. (22KYMCO)
Panasonic India Pvt. Ltd
To gain a competitive edge over other players in
the Indian EV battery swapping market, the
companies are focusing on offering products and
services, and working in collaborations with
other market leaders to expand their reach. From
the competitive landscape view, the Indian EV
battery swapping service providers can boost
their market share by seizing the growth
opportunities presented by Forming
partnerships with vehicle manufacturers, battery
manufacturers, and utility providers in order to
deploy battery swapping technology at faster
rate Targeting electric autos and electric
buses as these holds huge potential for service
expansion Aiming shared mobility section,
including two-wheeler sharing, as majority of
electric vehicles will be deployed for shared
mobility and drivers would opt for battery
swapping to make optimum use of the operational
hours Focusing on cities where battery
swapping service deployment is profitable, such
as Bangalore, Delhi, and Nagpur and entering into
emerging areas, such as Hyderabad and Ahmedabad,
where battery swapping holds significant
opportunities Make Enquiry Before Purchase at
https//www.psmarketresearch.com/send-enquiry?enqu
iry-urlindia-electric-vehicle-battery-swapping-ma
rket
3
Some key players operating in the Indian EV
battery swapping market are Ola Electric Mobility
Pvt. Ltd., Lithion Power Pvt. Ltd., SUN Mobility
Pvt. Ltd., Exicom Tele-Systems Ltd., Panasonic
India Pvt. Ltd., and Twenty Two Motors Pvt. Ltd.
(22KYMCO).
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