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India EV Expert Guide This is a Scope & Snapshot of India EV Expert Guide. To order a full report, contact us: +91- 7358263274

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About EAI

This expert guide was published by the team at EVNext, the EV research division of EAI.

Energy Alternatives India (EAI) is leading consulting and research firm with a focus on clean energy and

cleantech. The country’s oldest pure-play consulting firm, EAI was started by a team of professionals

from IITs and IIMs having prior experience in the energy industry. The EAI team is at the forefront of

industry research, management consultancy, and business assistance in India for a range of cleantech

verticals – clean energy, clean mobility and clean environment.

Research and Publications

The Reports division of EAI publishes acclaimed research and industry reports for many sectors of

renewable energy and cleantech. These include mainstream topics like Substitution of Diesel with Solar

as well as niche domains such as Algae Fuels. The complete list of our reports can be found here.

About 20 of the Fortune 100 companies have used our research. Some of these companies include

Shell, Bosch, LaFarge, Exxon Mobil.

The web resource Energy Alternatives India (www.eai.in) is the leading online information support

provider for the Indian renewable energy and cleantech community.

The EAI team is based out of Chennai, India.

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India EV Expert Guide - Vital Statistics


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What do you get from reading the India EV

Expert Guide?

A Realistic Picture of the Indian EV Sector - First and foremost, you get an excellent and

realistic idea of the overall status, trends and opportunities in the Indian EV sector,

based on ground level research and expert interactions.

Market Size Estimates - Current and expected Indian market sizes for all categories of

electric vehicles – from 2 wheelers all the way to buses

Strategic Market Perspectives – While the EV market is currently small, India is

expected to become one of the top three world markets for electric mobility in future.

You can find in this expert guide insight on the drivers that will get India there, the

constraints that will be faced along the way, and the mostly likely contours of the Indian

EV growth from nascent to a large market.

Innovation in Indian EV Sector – A significant proportion of this guide focusses on

innovation – both insights on the range of innovations happening in the EV sector, and a

comprehensive list of over 50 Indian innovative EV companies and details of their

innovation. In addition, related inputs on funding of innovative companies, partnerships,

investment and joint ventures that have happened in recent years in the EV segment are

also provided. Finally, valuable inputs on innovations along the entire EV value chain

(batteries, motors, BMS, EV charging & swapping stations, recycling…) are also provided

in the report.

Value Chain Insights – The report scans the entire value chain of electric mobility and

provides highlights of the technology, research and business opportunities at each key

point in the value chain.

Indian EV Stakeholders – Who are the prominent companies and stakeholders for the

entire Indian EV ecosystem? This guide provides a comprehensive list of over 250

stakeholders - companies, organizations, support providers, testing facilities,

government agencies and universities. This is the first such list available anywhere.

Startup Focus - A section has been devoted to providing a comprehensive database of

unique and innovative Indian startups working on disruptive technologies in the Indian

EV segment

Costs and Economics – Based on significant research and analysis, prices and price

analysis of all types of electric vehicles in India are provided. Also are provided the costs

of Li-ion batteries, and capital and O&M costs for setting up EV charging stations in

India.


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Key Questions Answered by the India EV

Expert Guide

For businesses keen on understanding the Indian EV sector for investment or diversification,

the India EV Expert Guide provides valuable answers to the following questions:

What is the current and expected market size of global and Indian EV segment?

Which product and market segments are expected to show significant growth in the

short and medium term?

What are the key drivers and challenges for the growth of electric vehicle segment?

What are the policies and incentives provided by the Indian government and state

governments for electric vehicles?

Who are the key stakeholders in the global and Indian EV industry, and how are their

roles emerging in the overall ecosystem?

What are the current cost and economics involved in Indian electric vehicles? How can

the cost of the EVs be reduced in future?

Who are the prominent companies in each part of the EV value chain (raw materials,

components, all types of EVs, electric vehicle charging stations, batteries) and what are

their current activities and future plans?

How are the central and state government policies shaping up, and what’s in store in

the near future from the policy/regulatory framework?

Which are the startups in India involved in the electric vehicles sector and what are their

profiles?

What are the latest researches and innovations happening in the country, and what are

the opportunities for partnerships?

What are the salient aspects of the EV supply chain in India and what are the key

opportunities emerging from this?

How can I set up an EV charging infrastructure and what are the costs involved?


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Why is the India EV Expert Guide Unique?

Business Oriented: It answers the most critical questions that entrepreneurs, investors and

businesses have before investing in electric vehicles industry

Focus: It is the only guide available in the country which provides exclusive insights and

intelligence about the various EV business opportunities

Written by Experts: Developed by EAI’s EV team which provides insights &

recommendations on short term opportunities and enabling action points with strategic

perspectives for the long term

Actionable Insights and Intelligence, not just Information: Compiled by EV experts, India

EV Expert Guide is the first report that provides in-depth analysis and insights on this

important field. It uses innumerable data and information from a wide variety of expert

sources and market studies, and distils these inputs and data into intelligence and an

actionable roadmap that you can use.

India EV Expert Guide enables decision making through clear insights on the following key

aspects:

Market Understanding: In-depth analysis of the Indian electric vehicles market with current

trends and future estimations

Opportunity Analyses: The EV market encompasses a large opportunity spectrum including

Component and OEM manufacturing, Marketing and trading services including

distributorships and franchisees. India EV Expert Guide provides clarity on key opportunities

along the entire EV Value Chain.

Policy Understanding: India EV Expert Guide analyses key policies under EV space such as

NEMMP 2020, FAME Scheme, state government policies, and their impacts on the overall

commercial feasibility for new entrants.

Apart from the above details, the report also provides a comprehensive list of Indian EV

companies, their products/solutions and specifications.

India EV Database: To assist the entrepreneurs and other businesses in understanding the

growing electric vehicle industry, EAI has come up with this comprehensive list of Indian

electric vehicle industry stakeholders – India EV Database

India EV Innovation Database – A valuable list of unique Indian companies developing

innovative and disruptive e-mobility technologies and solutions

India EV Market Strategy Roadmap – An insightful analysis of the Indian EV sector, the

drivers, aspirations, constrains and the evolving technology and product trends, to arrive at

an inference on how the Indian EV market will evolve until 2025 and how companies should

strategize to benefit from these trends.


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Who Will Benefit the Most from the India EV

Expert Guide?

Established companies keen on diversifying to manufacturing or providing solutions

for the upcoming EV sector

Entrepreneurs, small business and start-ups keen on benefitting from the EV

opportunities

Researchers & academics wishing to contribute to technological innovation for the

EVs of the future

Financial and strategic investors keen to have a play in the EV sector


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Powerful Insights You Gain from the India

EV Expert Guide

Type of Insights Details

Market size Current and expected market sizes of global and

Indian electric vehicle industry is provided. Key

drivers and constraints that affect the growth of the

industry is also discussed.

Market growth Current and future market growth of electric vehicles

by product type and geography is discussed in detail.

EV Technologies Key components involved in an electric vehicle

segment and the technologies behind individual

components are discussed. Details on the value

chain of EV industry are also provided.

Key Stakeholders in the EV Industry Comprehensive list of key stakeholders in the EV

industry and their nature of business is provided

Major Indian Companies in the Indian EV Industry Major players in the Indian EV sector across product

type, their models, specifications and unique

features are provided

Attractiveness of EVs for Indian Entrepreneurs Attractive business opportunities and factors

enabling favorable environment for Indian

entrepreneurs to enter EV segment is discussed

Cost & Economics Detailed cost and economics involved in each

component of electric vehicle and the charging

infrastructure is provided

EVs – Funding & Partnerships Prominent funding and partnerships that have

happened in the last few years in global and Indian

EV industry is discussed

Aspirations & drivers Major drivers and other attractive schemes that

favour the growth of EVs is provided

Latest Updates from the Indian EV Industry The latest happenings that have happened in the

past one year in the EV industry have been discussed

Challenges and bottlenecks Key constraints/challenges that affect the growth of

EV industry is provided

Recent market trends Latest trends in sales by large companies and their

predicted business in the coming years is discussed

Over 50 Innovations in the Indian and

International EV Sector

Detailed list of innovations that are happening in

global and Indian EV sector to enable the growth of

EV sector is provided

Examples of over 50 startups Indian startups who are actively working for the


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growth of EV industry in India is discussed

Attractive niche opportunities New business opportunities that can enable

entrepreneurs to enter EV segment has been dealt

with here

Founder profiles for over 50 successful startups Profiles of founders of prominent Indian startup

companies have been provided

Comprehensive idea of market segments An in-depth analysis of the key EV market segments

and their growth across geographies has been done

Different types of business opportunities Various business opportunities available for different

stakeholders – OEMs, entrepreneurs, investors are

discussed

Attractive niche ideas Innovative ideas that can be worked upon by leading

research institutes, R&D team of large companies

and startups are provided

Drivers & Challenges Key drivers and challenges that affect the growth of

EV and solutions to overcome challenges are

provided

Batteries & Storage Various types of batteries used in EV, their

performance and storage capacities have been

discussed

India EV Database Comprehensive list of Indian electric vehicle industry

stakeholders along with detailed product

specifications for each company has been provided


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Key Topics Covered


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How Was the India EV Expert Guide

Prepared?

India EV Expert Guide was prepared by a team of technical research analysts at EAI,

coordinated by its Directors. The team spent over 12 months in developing this expert guide –

and the research included meetings with over 100 industry stakeholders, in addition to

extensive analyses of data and trends.

Through frequent brainstorming sessions the team was able to come up with a wide category

of questions from customer perspective. Extensive secondary research and a fair amount of

primary research (which involved discussions with industry experts) was carried out to arrive at

authentic data which would be valuable to customers including stakeholders, entrepreneurs

and investors.






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List of Contents

1. Background of Electric Vehicle Industry

1.1 Introduction

1.2 Background

1.2.1 Global Electric Vehicle Industry

1.2.2 Indian Electric Vehicle Industry

2. Electric Vehicles – Types & Value Chain

2.1 Types of Electric Vehicles

2.1.1 Based on Purpose

2.1.2 Based on Capacity

2.1.3 Based on Number of Wheels

2.1.4 Based on Electrification

2.2 Electric Vehicle Value Chain

2.2.1 Battery Production Value Chain

2.2.2 Li-ion & Lead Acid Batteries used in 2, 3 Wheelers & Cars

2.2.3 Lithium Battery Standards

2.2.4 EV Charging Infrastructure

2.2.5 Battery Swapping

2.2.6 Electric Vehicle – End of Life

2.2.7 Electric Car Service

2.2.8 Battery Swapping

2.2.9 End of Life Cycle of Electric Vehicle

3. Electric Vehicles – Technology & Infrastructure

3.1 Introduction

3.2 Battery

3.2.1 Li-ion and Lead Acid Batteries Used in 2 & 3 Wheelers

3.3 Battery Management Systems (BMS)

3.4 Motor

3.5 Cooling Systems

3.6 Description of Transmission System of Electric Vehicles


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3.6.1 Working of Manual Transmission

3.6.2 Electric Vehicle Transmission System

3.6.3 Major Difference in External/Non-electric Part of Electric Vehicle and ICE

3.7 Specifications for EVs

4. Key Stakeholders in EV Industry

4.1 Introduction and Overview of Market Supply Chain

4.2 Electric Vehicles Supply Chain – Global

4.2.1 Main Suppliers of Key Components To Tesla, Toyota Prius, Nissan Leaf

4.2.2 World’s Leading Suppliers of:

a. Li ion Batteries for EVs

b. Battery Management Systems

c. Electric Motors

d. Transmission systems for EVs

4.2.3 Suppliers of EV Charging Infrastructure Worldwide

4.2.4 Suppliers of the Main Components of an EV Charging Infrastructure

4.3 Current Scenario in India’s EV Infrastructure

4.3.1 Market Characteristics and Business Models

4.3.2 Charging Services firms emerging now

4.3.3 Standards for EV Chargers in India

4.3.4 Suppliers of EV Charging Infrastructure Worldwide

4.3.5 Suppliers of the Main Components of an EV Charging Infrastructure

4.3.6 Suppliers of EV Charging Infrastructure in India

4.4 Electric Vehicles Supply Chain – India

4.4.1 Supply Chain Trends & Updates

4.4.2 Role of Key Indian Battery Makers – Exide and Amara Raja for Indian EV Sector

4.4.3 Main Suppliers of Electric Motor to the Indian EV Industry

4.4.4 Battery Swapping station in India

5. Major Indian Companies in Indian EV Industry

5.1 Introduction

5.2 By Vehicle Type/No. of Wheels

5.2.1 Two Wheelers – E-bicycles

5.2.2 Two Wheelers – E-motorcycles and Scooters


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5.2.3 Three Wheelers

5.2.4 Four Wheelers – Mini Pick-up Trucks & Golf Carts

5.2.5 Four Wheelers – Cars – By Type of Electrification

5.2.6 Four Wheelers – E-buses, Trucks & Mini-trucks Cost & Economics

6. Cost & Economics 6.1 Introduction

6.2 Prices of Various Types of Electric Vehicles

6.2.1 Prices of Electric Vehicles – India

6.2.2 Prices of Electric Cars – Global

6.3 Costs of Electric Vehicles

6.3.1 Reasons for the High Costs of Electric Vehicles

6.3.2 Cost of Batteries

6.4 Costs for Setting up an EV Charging Infrastructure

6.4.1 Costs for Normal AC Charging Stations

6.4.2 Cost for DC Fast Charging Stations

6.4.2.1 EV Charging Infra Installation Cost Based on International Benchmarks

6.4.2.2 EV Charging Infra Installation Cost Based on Indian Benchmarks

6.4.2.3 Operating Costs for EVSEs in India

7. Investment Opportunities in Electric Vehicles

7.1 Current and Expected Market Sizes of Electric Vehicles - India

7.1.1 Key Drivers Propelling This Industry

7.1.2 Key constraints that could prove to be growth bottlenecks, and how serious are these

constraints

7.1.3 Avenues to Facilitate Growth in Short & Medium Term

7.1.4 Indian Transport Ecosystem

7.1.5 Indian Energy Ecosystem

7.1.6 Expected CAGR and Future Market Estimates – India

7.1.7 Trends in Sales of Major Indian EV OEMs and their Future Predictions

7.1.8 Current Status of Companies investing in EV and the rationale behind the Investment

7.2 Current and Expected Market Sizes of Electric Vehicles - Global

7.2.1 Key Market Segments & their Growth in the Next 5 Years

7.3 Indian Electric Vehicle Market Entry – Recommendations


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8. EV Startups – Funding & Partnerships

8.1 Funding

8.2 Investments

8.3 Partnerships

8.4 Acquisitions

9. Innovations & R&D

9.1 Global Emerging Technologies and Innovations in EV Industry

9.2 Global Emerging Innovations in Battery Management Systems

9.2.1 Disruptive Innovations and Applications Boost Battery Management Systems Market

9.3 Global Emerging Innovations in EV Batteries

9.3.1 Trends in Li ion battery

9.3.2 Research status of Anode/Cathode Material

9.3.3 Innovation in Anode

9.3.4 Future Batteries

9.4 EV Research in Top Indian Colleges

9.5 Innovations by Indian Startups

9.5.1 The Indian EV Innovations Database

10. EV Policies (India and Global)

10.1 Indian Electric Vehicle Schemes

10.1.1 The National Electric Mobility Mission Plan 2020

10.1.2 Fame India Scheme

10.1.3 Global MOVE Summit 2018

10.2 Indian EV Policies

10.2.1 Karnataka EV Policy (2017-2018)

10.2.2 Maharashtra EV Policy (2018)

10.2.3 Uttar Pradesh Electric Vehicles Manufacturing Policy 2018

10.2.4 Andhra Pradesh to Roll out Electric Vehicles Policy

10.2.5 Telangana

10.2.6 Tamil Nadu

10.2.7 Summary

10.3 Indian Electric Car Import Duty - Imports from China


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10.4 Global Policies

10.4.1 China

10.4.2 Norway

10.4.3 Comparing U.S. and Chinese Electric Vehicle Policies-2018

10.4.4 Summary

11. Latest Updates in Electric Vehicle Industry 2017-18

11.1 Two Wheelers

11.2 Three Wheelers

11.3 Four Wheelers

11.4 Other Updates

12. Latest Product Launches in Electric Vehicle Industry

12.1 Introduction

12.2 Detailed Specifications with Product Images of EV Companies who showcased at Auto Expo, Feb

2018 @ Delhi/Noida

12.3 Specifications of Products Showcased by Other Companies

12.4 EV Launches in India 2018

13. India EV Database

13.1 Introduction

13.2 Overview of Companies Discussed

13.3 Electric Two Wheelers

13.3.1 Summary of Companies Listed & Highlights

1. TVS Motors

2. Honda Motorcycle & Scooter India (HMSI)

3. Electrotherm

4. Tunwal E-vehicles

5. UM Lohia Two Wheelers Pvt. Ltd.

6. Ather Energy

7. Twenty Two Motors

8. Okinawa Autotech Pvt. Ltd.

9. Menza Motors

10. SINA Mobility

11. Hulikkal Electro India

12. Tork Motorcycles

13. Milltex Spero

14. Volta Motors

15. Ajanta Manufacturing Ltd.


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16. GoGreen BOV

13.4 Electric Three Wheelers


1. Bajaj Auto

2. Scooters India Ltd.

3. Goenka Electric Vehicles Pvt. Ltd

4. Volta Automotive India Pvt. Ltd

5. Shigan EV (GreenRick)

6. Pi Beam Labs

7. Gayatri Electric Vehicles

8. Pubang Etron Electric Motor Private Limited

13.5 Electric Cars


1. Hyundai Motor India

2. Toyota India

3. BMW India

4. Maruti Suzuki

5. Tata Motors

6. Honda Cars India Ltd.

7. Volvo Cars India

8. Mean Metal Motors

13.6 Electric Buses


1. Ashok Leyland

2. Goldstone

3. JBM

13.7 Companies that Make Multiple Types of EVs


1. Hero Electric

2. Mahindra Electric

3. Kinetic Green

4. Lohia Auto Industries

5. Emflux Motors

6. Ampere Vehicles

7. Shriram Astral Motors

8. Gayam Motor Works

9. Ultraviolette Automotive

10. Speedways Electric

11. Ecodynaamic Equipments

12. Xxplore Automotive

13. Jitendra Motors


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14. Panther Electric Vehicles

3.8 EV Components & Support Solutions


EV Component Suppliers

1. Amaron/Amara Raja

2. Crompton Greaves

3. Exide Industries

4. BHEL

5. Elcom International Pvt. Ltd.

6. Rotomag

7. Axiom Energy

8. ION Energy

9. Napino Auto & Electronics Ltd.

10. Gegadyne Energy

11. Agastya Automotives Pvt. Ltd.

12. Denso India

13. Altigreen Propulsion Labs

13.9 EV Support Solution Providers


1. TUV Rheinland

2. ABB India

3. Tata Power

4. Fortum

5. NATRiP

6. ARCI

7. International Centre for Automotive Technology (ICAT)

8. ARAI

9. India Energy Storage Alliance

10. Sun Mobility

11. ACME

12. Lithion Power

14. Hero Future Energies

15. Conclusion

16. Appendix

17. EV Component Suppliers for Toyota

18. Other Details from EV Industry

19. Abbreviations

14. Conclusion


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List of Tables

Table 1: Comparison of fuel cell chart

Table 2: Hydrogen in Transportation Technology Development

Table 3: Battery Electric vs. Fuel Cells Vehicles

Table 4: Fuel Cell Electric Vehicle Product Launches 2002-2018

Table 5: Battery Cathode Chemistry

Table 6: Technical Performance by Existing Battery Type (Indicative Value, 2017)

Table 7: Lithium Battery Standards

Table 8: Safety Standards for Batteries

Table 9: Components of EV charging station

Table 10: Charging Standards

Table 11: Global & Indian Battery Recycling Companies

Table 12: Motors Used by Major EV Companies

Table 13: Comparison of AC and DC Motors

Table 14: Advantage, disadvantage & usage of different motor types

Table 15: Power Comparison of different motors having same size

Table 16: Specification of Hyundai - IONIQ Electric

Table 17: MW of Batteries Produced by Leading Battery Manufacturers

Table 18: Current EV charging Installation in India

Table 19: EV Charging Station Installation 2017

Table 20: Future EV Charging market trends

Table 21: Suppliers of EV Charging Infrastructure in India

Table 22: E-bicycle Manufacturers

Table 23: Profile of Electric two wheeler-Based on size of company

Table 24: Electric Bicycles- Maximum & Minimum Value

Table 25: E-bike Manufacturers

Table 26: Profile of motorcycles & scooter- Based on size of company

Table 27: Motorcycles & scooters- Maximum & minimum values

Table 28: E-Three-wheeler Manufacturers

Table 29: Profile of Eklectric three wheelers - based on size of company

Table 30: Three wheelers - Maximum & Minimum Values

Table 31: E-Four-wheeler Manufacturers

Table 32: Profile of electric four wheelers-Based on size of company

Table 33: Fully Electric Vehicle Manufacturers

Table 34: Profile of Electric four wheelers-Based on size of company

Table 35: Electric Heavy Vehicles Manufacturers

Table 36: Profile of four wheeler- Ebus, Truck & mini trucks

Table 37: Prices of Electric Vehicles – India

Table 38: Prices of Electric Cars - Global

Table 39: Distribution of Price of Electric Car by Component

Table 40: Cost Analysis for setting up EV Charging Infrastructure

Table 41: EV Charging Infra Installation Cost Based on Indian Benchmarks

Table 42: Cost for Electricity-For 10 hrs operation


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Table 43: Cost for Electricity - For 5 hrs Operation

Table 44: O&M Cost

Table 45: Comparison of Different Bus Technologies

Table 46: Key challenges

Table 47: Growth in Short & Medium term

Table 48: Strategy Recommendation-summary

Table 49: Strategy to overcome key challenges

Table 50: Emerging trends in transport & energy ecosystem

Table 51: Strategy for achieving the sustainable transportation goals

Table 52: Expected Indian EV Market Size

Table 53: E-bike Sales by Region

Table 54: Indian EV Market Entry - Recommendations

Table 55: Details on Funding for Apeiron Mobility

Table 56: Cell chemistry

Table 57: EV Research in Indian Colleges

Table 58: EV Innovators List

Table 59: Summary of Indian EV Policies

Table 60: Custom Duty for EV

Table 61: Duty Rate for Electrical Components

Table 62: Import Duties

Table 63: Comparison of U.S. & Chinese EV Policies - 2018

Table 64: Summary of Global EV Policies

Table 65: List of Companies Participated in Auto Expo 2018

Table 66: Specification for Twenty Two Motors – Flow

Table 67: Specifications for Hero Electric - CRUZ E2 Li

Table 68: Specifications for Lohia Auto Industries - OMA Star Li

Table 69: Specifications for Desmoto Electrics - Electric Rickshaw

Table 70: Specifications for Scooters India Limited - Vikram EV

Table 71: Specification for Shigan EV - GreenRick Super

Table 72: Specifications for Hyundai - IONIQ Electric

Table 73: Specifications for Toyota - Prius PHV

Table 74: Specifications for Tata Motors - Star Bus EV

Table 75: Specifications for Mahindra – Cosmo

Table 76: Specifications for Bird Ebike Segway-X2

Table 77: Specifications for i2

Table 78: Specification for Okinawa Scooter

Table 79: Specification for OXFLY Electric Scooter

Table 80: Specification for Tunwal E Vehicle - Storm ZX

Table 81: Specification for TVS

Table 82: Specification for Vespa Elettrica

Table 83: Specification for Pubang Etron Electric Motor Pvt Ltd-Mini Pickup Trucks

Table 84: Specification for Lohia Auto - Mini Pickup Trucks- Narain LC

Table 85: Specification for Shigan EV- Mini Pickup Trucks- Green Cart

Table 86: Specification for Lohia Auto - Humrahi Solar Powered E rickshaw


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Table 87: Specification for Mahindra-TREO- E-Rickshaw

Table 88: Specification for Goldstone BYD

Table 89: Specification for JBM

Table 90: Specification for Tata Motor- Iris EV

Table 91: Specification for Tata Motor- Magic EV

Table 92: Specification for Kia-Soul EV

Table 93: Specification for Tata TIGOR EV

Table 94: EV Launches 2018

Table 95: Overview of Companies discussed

Table 96: Summary of Companies Listed & Highlights

Table 97: Specification of TVS Creon

Table 98: Honda Mobile Power Pack

Table 99: PCX Electric

Table 100: Specification of YO Electron

Table 101: Specification of YO Edge

Table 102: Specification of YO Explor

Table 103: Specification of YO style

Table 104: Specification of YO Exl

Table 105: Specification of YO Spark

Table 106: Specification of Storm ZX

Table 107: Specification of Mini Sport 63

Table 108: Specification of Mini Sport 63

Table 109: Specification of Super Sport 63

Table 110: Specification of Storm Advance Dual Seater

Table 111: Specification of Elektrika 48

Table 112: Specification of Elektrika 48

Table 113: Specification of Lithino -Li

Table 114: Specification of Storm Advance Single Seater

Table 115: Specification of Renegade Thor

Table 116: Specification of S340

Table 117: Specification of Flow

Table 118: Specification of Ridge

Table 119: Specification of Praise

Table 120: Specification of Menza Lucat - Range

Table 121: Specification of Menza Lucat - Dimensions

Table 122: Specification of Menza Lucat - Charger

Table 123: Specification of Menza Lucat- Suspension

Table 124: Specification of Menza Lucat -Tires & wheels

Table 125: Specification of Menza Lucat- Brakes

Table 126: Specification of Menza Lucat- Battery

Table 127: Specification of Menza Lucat- Motor

Table 128: Specification of Menza Lucat - Power train

Table 129: Specification of Hulikkal Avatar E Bike

Table 130: Specification of Hulikkal Medley


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Table 131: Specification of Hulikkal Nile

Table 132: Specification of Hulikkal Sylph

Table 133: Specification of Hulikkal Rambler

Table 134: Specification of Hulikkal Uniex

Table 135: Specification of Tork T6X

Table 136: Specification of Milltex Spero


Table 138: Specification of Vikram EV

Table 139: Specification of Prince E- Rickshaw

Table 140: Specification of Smart E-cart

Table 141: Specification of Queen E- Rickshaw

Table 142: Specification of King

Table 143: Specification of Passenger - 80X

Table 144: Specification of Cargo -650

Table 145: Specification of Passenger - Retro

Table 146: Specification of GreenRick Super

Table 147: Specification of Green Rick Cart

Table 148: Specification of GreenRick Super Cart

Table 149: Specification of Pi Beam E03 Electric

Table 150: Specification of Pi Beam S03 SOLAR

Table 151: Specification of Open E-Loader

Table 152: Specification of Auto Shaped E Rickshaw

Table 153: Specification of Electric Food Cart

Table 154: Specification of Electric School Rickshaw

Table 155: Specification of E-Rickshaw FRP Roof

Table 156: Specification of Electric Rickshaw Motor

Table 157: Specification of 4 Seater Premium Rickshaw

Table 158: Specification of Battery operated Rickshaw

Table 159: Specification of Four Seater E Rickshaw

Table 160: Specification of Atom Auto E Rickshaw

Table 161: Specification of Battery Rickshaw

Table 162: Specification of Battery Operated Garbage Loader

Table 163: Specification of Electric Loader

Table 164: Specification of Electric Loader

Table 165: Specification of Mini Pickup Trucks

Table 166: Specification of SmartEV



Table 169: Specification of IONIQ Hybrid

Table 170: Specification of Toyota-Prius PHV

Table 171: Specification of Camry HEV

Table 172: Specification of Tata motors - Iris EV

Table 173: Specification of Tata Motor - Star Bus EV

Table 174: Specification of Tata MAGIC EV


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Table 175: Specification of Tata TIGOR EV

Table 176: Specification of Tata TIAGO EV


Table 178: Specification of VERSA EV Bus

Table 179: Circuit S 9m Dimensions

Table 180: K7 E-bus

Table 181: K9 E-bus

Table 182: Specification of EcoLife - 12m

Table 183: Summary of companies Listed & Highlights

Table 184: Specification of Hero Electric -CruzE2 Li

Table 185: Specification of Hero Electric -HE 18

Table 186: Specification of Hero Electric - HE 19

Table 187: Specification of Hero Electric - Photon Li

Table 188: Specification of Hero Electric - Photon

Table 189: Specification of Hero Electric - Flash

Table 190: Specification of Hero Electric -HE 17

Table 191: Specification of Hero Electric - NYX E5

Table 192: Specification of Hero Electric -NYX

Table 193: Specification of Hero Optima

Table 194: Specification of Hero Optima E2 Li

Table 195: Specification of RAAHII E-rickshaw

Table 196: e2o Plus - Electric Car

Table 197: Specification of E-supro - Electric Minivan

Table 198: Specification of E-Verito -Electric Car

Table 199: Specification of E alfa - Electric Rickshaw

Table 200: E2o NXT - Electric Car

Table 201: Specification of E- Cosmo Bus

Table 202: Specification of Mahindra Treo - E rickshaw

Table 203: Specification of Safar E Auto

Table 204: Specification of 2 seater Golf Cart



Table 207: Specification of 8 Seater Electric Mini Bus

Table 208: Specification of 14 Seater Electric Bus

Table 209: Specification of OMA Star Li

Table 210: Specification of OMA Star

Table 211: Specification of Humrahi Passenger

Table 212: Specification of Humrahi Plus

Table 213: Specification of Narain LC

Table 214: Specification of Comfort

Table 215: Specification of Comfort Plus

Table 216: Specification of comfort DLX

Table 217: Specification of Humrani Solar Powered E rickshaw

Table 218: Specification of Emflux ONE


25

Table 219: Specification of Ampere Angel Electric Cycle

Table 220: Specification of Ampere V48

Table 221: Specification of Ampere Trisul

Table 222: Specification of Ampere Trolley ET-500

Table 223: Specification of Ampere Mitra 400

Table 224: Specification of E-rickshaw

Table 225: Specification of Ampere Mitra WMS(400)

Table 226: Specification of Urban ET-Passenger smart Auto (Li ion)

Table 227: Specification of Taskman - Cargo smart Auto 450

Table 228: Specification of eshaft - passenger E rickshaw

Table 229: Specification of ecargo - Pickup E rickshaw

Table 230: Specification of Limitless Spirit

Table 231: Specification of Limitless Torque

Table 232: Specification of SGC - 2 Two Seater Electric Golf Cart

Table 233: Specification of Royale 4 - Vintage Four seater Golf Cart

Table 234: Specification of Classique Sightseeing Cart

Table 235: Specification of SET 4 Multi Utility Vehicle

Table 236: Specification of Food Cart- Cater on Wheels

Table 237: Specification of Sightseein Electric Mini bus

Table 238: Specification of Trackless Trains- Nemo Express

Table 239: Specification of Musafir - Premium Electric Rickshaws

Table 240: Specification of 6V Golf Cart Battery

Table 241: Specification of Golf Cart Tyres

Table 242: Specification of ECO -Bull

Table 243: Specification of ECO-Bull Mini

Table 244: Specification of ECO- Bull Maxi

Table 245: Specification of ECO- Truck

Table 246: Specification of ECO Polo

Table 247: Specification of Passenger Electric Rickshaw

Table 248: Specification of E Loader Rickshaw

Table 249: Specification of Ryan Electric Scooter

Table 250: Specification of Angel Electric Scooter

Table 251: Specification of Sunshine Electric Scooter

Table 252: E Close Container Rickshaw

Table 253: Specification of Eco Safari

Table 254: Specification of School battery operated rickshaw

Table 255: Specification of Jitendra motors

Table 256: Summary of companies Listed & Highlighted

Table 257: Specification of Exide E ride Plus Batteries

Table 258: Specification of Exide E ride Tubular Plus Batteries

Table 259: Specification of Intelligent EV Charging System

Table 260: Specification of charging station operating system

Table 261: EV charging Systems

Table 262: Specification of BLDC Motor Controller


26

Table 263: Specification of Electric Rickshaw Battery Charger



Table 266: Specification of E-rickshaw DC-DC Converter

Table 267: Specification of Four Wheeler DC-DC converter

Table 268: Specification of Four Wheeler on board Battery Charger

Table 269: Specification of four wheeler onboard CCCU

Table 270: Summary of Companies Listed & highlights

Table 271: EV Product offerings

Table 272: Homologation Requirements for Electric & hybrid EV

Table 273: E- Mobility Center of Excellence

Table 274: Key Components Suppliers for Toyota Prius

Table 275: Global Electric Bus Makers

List of Figures

Figure 1: Block Diagram of Electric Car

Figure 2: Plug-in and Hybrid Electric Vehicle

Figure 3: Synchronization of Parallel and Series Hybrid Vehicle Architecture

Figure 4: Start-stop Mechanism of Micro Hybrid Vehicles using Super Capacitor

Figure 5: Layout of fuel cell vehicle

Figure 6: Major Hydrogen & Fuel cell Activities in India

Figure 7: Electric Vehicle Value Chain

Figure 8: Li-ion Battery Value Chain

Figure 9: Li ion Battery

Figure 10: Manufacturing Process for Prismatic / Pouch Cell

Figure 11: Manufacturing Process for cylindrical cells

Figure 12: Battery Formation Process

Figure 13: Battery Pack Assembly Process

Figure 14: Comparative Evaluation of Different EV Market Cost, 2017

Figure 15: Expected Global Market Share of Lithium Ion Battery Makers in 2018

Figure 16: EV Charging Infrastructure

Figure 17: EV Charging Station Value Chain

Figure 18: Typical Layout of charging Infrastructure

Figure 19: Components of on-street restricted access charging points

Figure 20: Components of off street Open access charging points

Figure 21: EVSEs supporting the combined Charging System

Figure 22: EVSE Grid Ecosystem

Figure 23: Electric vehicle Charging station flow chart

Figure 24: EVSE Charge station management software functions

Figure 25: Waste Management

Figure 26: Recycling of a Lead-acid Battery Electric Vehicle

Figure 27: Recycling of Batteries


27

Figure 28: Battery Management System

Figure 29: Components of Battery Management Systems

Figure 30: DC Brushed Motor

Figure 31: Brushless DC Motor

Figure 32: Synchronous Motor

Figure 33: Continuously Variable Transmission

Figure 34: Simple Transmission System

Figure 35: Shifting into First Gear

Figure 36: Rear Transmission

Figure 37: Gear Synchronizers

Figure 38: Parts of an Electric Vehicle Transmission System

Figure 39: Front Suspension in an EV

Figure 40: EV Market Supply Chain

Figure 41: MWh of EV Li-ion Batteries Produced

Figure 42: Graph showing share by battery type

Figure 43: Graph Showing E-bicycles Distribution by cost

Figure 44: Price Distribution of E-scooters & E-bikes

Figure 45: E-scooters & E-bikes - Autonomy

Figure 46: E-scooter/Bikes Battery Types

Figure 47: E-scooters & E- bikes Performance by Max. Speed

Figure 48: Cost distribution of three wheelers

Figure 49: Range distribution of electric three wheeler

Figure 50: Speed distribution of electric three wheelers

Figure 51: Range distribution of e bus, truck & mini truck

Figure 52: Speed distribution of e buses, truck & mini truck

Figure 53: BCE & ICE Pre-tax Prices in U.S.

Figure 54: Lithium Ion Cost Comparison

Figure 55: Price Comparison of ICE and EV

Figure 56: Cost of Parking Garage Installation

Figure 57: Cost of Curbside Installation

Figure 58: Cost of Curbside DC Fast Charger Installation

Figure 59: Indian EV Market Size by Vehicle Type

Figure 60: History & Market Growth of EV Two Wheelers

Figure 61: Growth of EV Two-wheelers Vs. Four Wheelers in India

Figure 62: Trends of E-rickshaws in India

Figure 63: Layout of Strategizing for EV growth

Figure 64: Global Electric Car stock

Figure 65: Worldwide Sales of electric bicycles

Figure 66: Annual E-bike Sales

Figure 67: E-bikes Revenue

Figure 68: Annual Electric Motorcycle and Scooter Sales

Figure 69: Electric Car Sales and Revenue 2015-2017

Figure 70: Global Sales of Electric Vehicles and Plug-in Hybrids

Figure 71: Trends in Li ion battery technology


28

Figure 72: Research status of Anode/Cathode Material

Figure 73: Innovation in Anode

Figure 74: Trends in Li ion chemistry

Figure 75: BEV Incentives & Uptake in Norway

Figure 76: Twenty Two Motors – Flow Model & Colours

Figure 77: Hero Electric - CRUZ E2 Li

Figure 78: Lohia Auto Industries - OMA Star Li

Figure 79: Desmoto Electrics - Electric Rickshaw

Figure 80: Scooters India Limited - Vikram EV

Figure 81: Shigan EV - GreenRick Super

Figure 82: Hyundai - IONIQ Electric

Figure 83: Toyota - Pries PHV

Figure 84: Tata Motors - Star Bus EV

Figure 85: Mahindra - Cosmo

Figure 86: Specification of Zap








Buy Now




29

Chapter Highlights

We provide chapter highlights and sample content from the report to help you

understand the quality of insights and analyses you obtain from the India EV Expert Guide.


30

Chapter 2: Electric Vehicles – Types & Value Chain

What this chapter is all about: You get an excellent idea of the overall electric vehicle product and component ecosystem. Details on the types of vehicles, key technologies that drive electric mobility and other critical aspects of the EV value chain are explained with clarity.

Some inputs and insights from this chapter

Electric vehicles are classified mainly based on number of wheels (two, three, four wheelers)

and type of electrification (fully electric, mild, micro, plug-in hybrid).

The list of major components of EV charging infrastructure which include physical components,

such as internal electronics, controllers, cord, EV-compatible plug and telecommunications

devices to share data and enable network connections, and software applications to manage

the charging, billing, driver access, and administration of an EVSE program are also mentioned

The battery swapping station specification of major players like Sun Mobility have been

explained in detail

The development of hybrid electric two wheelers, globally is still in its evolving stage, but here

are two rare examples: one from India’s TVS and another from Honda of Japan highlighted in

this chapter

The current research efforts taking place in the Indian fuel cell sector by ARCI has been

mentioned along with the details of fuel cell vehicle transportation in Japan, US, UK and China

Details of electric vehicle cathode chemistry, which includes prominent combinations like Nickel

Cobalt Aluminum (NCA), Lithium Iron Phosphate (LFP), Cobalt-based lithium-ion (LCO) and

Nickel Cobalt Manganese (NCM or NMC), are provided in this chapter, along with those for

anode chemistry

A list of some of the prominent global & Indian lead acid battery recycling companies is also

provided in this chapter


31

Sample Charts

SAMPLE CHART 1: Major Hydrogen & Fuel cell Activities in India

Figure 6 : Major Hydrogen & Fuel cell Activities in India

SAMPLE CHART 2: Global & Indian Battery Recycling Companies

Companies Headquarters Key Highlights

India Green India1 Navi Mumbai The company was started in

2015.

Amaron2 Hyderabad For over a decade, ARBL has practiced lead recycling by collecting scrap batteries generated while selling new one.

Exide Industries3 Kolkata At Exide, they buy back old lead acid batteries and recycle these used batteries in smelters in various parts of the country.

1 http://www.greenindiarecycling.co.in/

2 http://www.amaron.in/batteryrecycle.php

3 http://www.exideindustries.com/

http://www.greenindiarecycling.co.in/

http://www.amaron.in/batteryrecycle.php

http://www.exideindustries.com/


32

Global Johnson Controls International4 Wisconsin, USA They recycle lead acid batteries,

Lithium ion cells and hybrid battery systems. The company has been in the industry since 1885.

G&P Batteries5 Darlaston, England G & P Batteries is the UK’s leading authority on waste battery collection and recycling. We offer a nationwide service for the collection of every kind of waste battery or battery powered appliance.

Retriev Technologies Inc6 Anaheim, California The most knowledgeable and diverse battery recycling companies in the world, we’re moving forward to meet the growing demand for custom recycling solutions

Battery Solutions LLC7 Howell, USA They collect and recycle or upcycle batteries and repurpose the secondary commodities for reuse in steel manufacturing, agriculture, and new battery manufacturing, among other applications.

EnerSys8 Pennsylvania, USA Switzerland & Singapore

The company manufactures and recycles reserve power and motive power batteries

Aqua Metals9 Nevada and California, USA Lead battery recycling

Battery Recyclers of America10 USA Lead acid batteries, lithium ion batteries and more. Approximately 27 million pounds of batteries have been recycled. The company has been in the industry since 2008.

Table 11: Global & Indian Battery Recycling Companies

4 http://www.johnsoncontrols.com/

5 http://www.g-pbatt.co.uk/corporate.html

6 http://www.retrievtech.com/

7 https://www.batterysolutions.com/

8 http://www.enersys.com/GlobalLanding.aspx

9 http://www.aquametals.com/

10 https://www.batteryrecyclersofamerica.com/

https://investingnews.com/daily/resource-investing/base-metals-investing/lead-investing/3-companies-that-make-and-recycle-batteries/

http://www.johnsoncontrols.com/

http://www.enersys.com/GlobalLanding.aspx

http://www.aquametals.com/

https://www.batteryrecyclersofamerica.com/




33

Chapter 3: Electric Vehicles – Technology & Infrastructure

What this chapter is all about: This chapter brings you up-to-date on the battery and powertrain ecosystem – batteries, motors, BMS and the EV charging infrastructure. Latest inputs (from India and international) on each of these technology dimensions of the EV ecosystem are provided.


Electric vehicles comprise the following components that are distinct from conventional ICE -

battery, battery management systems, motor, drive system, cooling systems and EV charging

infrastructure

International electric car brands, like the Volt or Tesla, use liquid cooling for the batteries

whereas Nissan LEAF has air cooled batteries, hence uses only a small radiator to cool the car’s

motor. It probably also uses a cooler for the A/C as well.

Electric vehicles have planetary gear sets and torque converters instead of clutch packs

The Battery Management System ensures that the energy of the battery is optimized to power

the product, by minimizing the risk of damaging the battery and controlling the charging and

discharging process of the battery

Induction motor and BLDC are the prominent types of motors used by top EV companies like

Tata, Mahindra & Tesla

Sample Charts & Tables

SAMPLE CHART 3: Specification of Hyundai - IONIQ Electric

Electric Motor Electric Motor Type Permanent Magnet Synchronous Motor (PMSM)

Electric Motor Max Power (kW / PS)

120 / 88

Electric Motor Torque (Nm/lbs. ft.)

295 / 218

0-62 mph (seconds) 9.9 (Sport mode) / 10.2 (Normal mode)

Top Speed (kmph) 165.76

High Voltage Battery Battery Type Lithium-ion Polymer

Battery Power (kW) 98

Battery Capacity (kWh/Ah) 28/78

Voltage 360

Charging


34

Charging Port CCS Combo/Type 2

AC Charging 4 hours 25 minutes

DC Fast Charging 23-30 minutes

On Board Charger 6.6 kW

Suspension Front / Rear MacPherson Strut/Torsion Beam Type

Steering System Rack and Pinion Motor Driven Power Steering (C-MDPS)

Steering wheel lock to lock turns 2.66

Turning Circle (meters) 10.6

Brakes System ABS System with Regenerative Brakes

Front / Rear 15” Disc / 15” Disc

Tyre Tyre Size 205 / 55 R16

Weights & Capacities Kerb Weight Lightest (kg) 1420


SAMPLE CHART 4: Motors used by prominent EV companies

Company Motor Type Tata 3-phase AC Induction Electric Motor

Mahindra 3 phase AC Induction Motor11

Tesla Roadster Permanent Magnet and 3 phase 4 pole AC Induction Motor12

Chevy Volt 200 hp (150 kW)Permanent Magnet Motor

Table 22 : Motors used by major EV companies

11 http://www.mahindraelectric.com/e2oPlus/

12 www.edmunds.com/car-news/auto-industry/2017-tesla-model-3-has-unexpected-electric-motor-

design.html

http://www.mahindraelectric.com/e2oPlus/


35

Chapter 4: Key Stakeholders in EV Industry

What this chapter is all about: Extensive details and data on the global and Indian suppliers for all the components comprising the EV ecosystem – Batteries, Motors and the EV Charging Stations.


Key stakeholders in an EV industry include raw material suppliers, suppliers of EV components and

charging station, OEMs, distributors, charging station owners, customers and recyclers.

Prominent global leading suppliers of Li-ion batteries for electric vehicle segment include BYD,

Panasonic and LG Chem.

As of end 2017, among the suppliers of components of EV charging infrastructure, Aerovironment

has taken a leading position in the charger market by partnering with Volvo, Nissan, Ford and

others. The leading suppliers of EV Charging Infrastructure are ChargePoint and ABB Group

In the Indian EV industry, OEMs such as Ampere Vehicles make their own motors, chargers and

controllers. No OEM however makes Li-ion battery cells in India; these are imported currently.

TVS is using its own battery management system while sourcing individual cells from international

suppliers.

While companies like Hero Electric, Hyundai Motor source Li-ion batteries from China or South

Korea, Ashok Leyland sources the batteries for its E-buses from USA.

Suppliers of EV Charging Infrastructure in India, which include both technology solution providers

and installation support providers like ABB, Exicom and RRT Electro Power is also mentioned in this

chapter


36


SAMPLE CHART 5: EV Market Supply Chain

Figure 40 : EV Market Supply chain

SAMPLE CHART 6: MWh of Batteries Produced by Leading Battery Manufacturers

Battery Manufacturer13 2018 (MWh)

CATL 42 K

LG Chem 36 K

Tesla 34 K

BYD 32

Guoxuan High Tech 24

Tianjin Lishen 20

Microvast 15

Panasonic 13

Optimum Battery 11

AESC 8

Table 17: MWh of Batteries Produced by Leading Battery Manufacturers

13

https://cleantechnica.com/2015/05/06/10-biggest-electric-car-battery-manufacturers-are/

https://cleantechnica.com/2015/05/06/10-biggest-electric-car-battery-manufacturers-are/


37

Chapter 5: Major Indian Companies in Indian EV Industry

What this chapter is all about: A comprehensive listing of companies supplying electric vehicles – for all types of vehicles. Detailed inputs are provided on each of the prominent brands from each company, along with overall analyses for each type of EV (2 wheeler, 3 wheeler, cars, buses and others).


Some of the prominent companies manufacturing electric bicycles and electric scooters include

Ampere Vehicles, Hulikkal Electro India and Electrotherm. While the range of Ampere Vehicles’ e-

bicycle “Angel Electric” is 45 kms, the ranges of Hulikkal Avatar E-bike (Hulikkal Electro India) and Yo

Teen (Electrotherm) are 25-30 kms and 50 kms respectively

While companies such as Tata and Mahindra have launched fully electric cars, some like Toyota and

BMW i8 have started introducing their global hybrid electric car brands into India

Some start-ups involved in manufacturing e-bicycle include GoGreen BOV, VIHAN Electric Vehicles,

Volta Motors and Ward Wiz+ard Solutions Pvt. Ltd., while Pi Beams, Lawat Motors LLP and Eco

Dynamic Equipments are some prominent start-ups involved in manufacture of electric three-

wheelers

Gayam Motor Works, a start-up from Hyderabad also manufactures electric three-wheelers with a

unique feature of battery swapping model

Well known mini pickup trucks manufacturing large companies include Tata and Mahindra with their

brands - Ace Electric and E-Supro respectively. Heavy electric vehicles like buses and trucks are

manufactured by prominent companies like Ashok Leyland, Goldstone and Mahindra

Start-ups such as Mean Metal Motors and Cell Propulsion are also involved in manufacturing fully

electric vehicles


38

Sample Charts

SAMPLE CHARTS 7: Cost distribution of e bicycle

Table 43: Graph Showing E-bicycles Distribution by cost

SAMPLE CHARTS 8: Electric Bicycle Share by Type of Battery

Figure 42: Electric Bicycle share by type of battery

Rs 15 K-25K 25%

Rs 25K-35K 75%

Cost Distribution of e bicylce (Rs)

Lead acid Battery

57%

Lithium-Ion Battery

43%

Electric Bicycle Share by Type of Battery


39

SAMPLE CHARTS 9: Cost Distribution of Electric Motorcycle & Scooters

Table 44: Price Distribution of E-scooters & E-bikes

SAMPLE CHARTS 10: Electric Scooter/Bikes Share by Type of Battery

Figure 46 : E-scooter/Bikes Battery Types

Rs 30 K - 40 K

29%

Rs 40 K-50 K 24%

Rs 50 K-80 K 18%

Rs 80 K-1 L 12%

Rs 1 L & above 18%

Cost Distribution of Electric Motorcycle & Scooters (Rs)

Lithium Ion 53%

Lead Acid 47%

E-scooter/Bikes Battery Types


40

SAMPLE CHARTS 11: Cost Distribution of Three Wheelers

Table 48: Cost Distribution of three wheelers

Rs 60 K-70 K 33%

Rs70 K-80 K 17%

Rs 80 K-90 K 17%

Rs 1 L and above 50%

Cost Distribution of three wheelers


41

Chapter 6: Cost & Economics

What this chapter is all about: Data and analyses for prices of all types of electric vehicles, trend analysis for the prices of Li-ion batteries and capital and O&M cost details for setting up electric vehicle charging stations.


Prices of Electric Vehicle in India

o Cost of Electric 2 wheelers ranges from Rs 15,000 to 1.5 Lakhs

o Cost of Electric 3 wheelers ranges from Rs 90,000 to 2 Lakhs

o Cost of Electric 4 wheelers ranges from Rs 7.5 to 9 Lakhs

Prices of Electric Car- Global

o Cost of Electric Car ranges from Rs 19.5 Lakhs (Ford Focus Electric) to 91 Lakhs (Tesla Model

X)

By 2026, market trends shows a serious drop in battery price as a result electric car start costing less

than ICE cars

As of 2018 the indicative charges for a single port normal charging station is in the range of Rs 1.5

Lakhs to Rs 3 Lakhs; fast charging DC stations could cost an order of magnitude higher!


42

Sample Charts

SAMPLE CHART 12: Lithium ion Cost Comparison

Table 54: Lithium Ion Cost Comparison

SAMPLE CHART 13 : Distribution of Price of Electric Car by Component

Component % of Total Cost 2018 % of Total Cost 2020 (Estimate) Batteries14 42 35-38

Charger 5-6 4-5

Motor & Gearbox15 5-6 4-5

Drive Independent Components

40 40-43

Others (Chassis, Cooling/Heating/AC)

8 9-10

Table 39: Distribution of Price of Electric car by component

14 https://www.pwccn.com/en/automotive/pwc-auto-industry-blue-book.pdf

15 https://data.bloomberglp.com/bnef/sites/14/2017/07/BNEF-Lithium-ion-battery-costs-and-market.pdf

https://www.pwccn.com/en/automotive/pwc-auto-industry-blue-book.pdf

https://data.bloomberglp.com/bnef/sites/14/2017/07/BNEF-Lithium-ion-battery-costs-and-market.pdf


43

Chapter 7: Investment Opportunities in Electric Vehicles

What this chapter is all about: Analyses of the Indian EV market on strategic dimensions (market needs, drivers, constraints etc.) and based on these, recommendations for investors on the types of opportunities that are likely to emerge during the next 5-7 years (until 2025)


India’s electric vehicle industry is still at its nascence when compared with other international

markets such as U.S., China & Europe etc. China, being the leader held nearly 50% share of the

global electric vehicle market during 2016, with India accounting for just a share of 0.1%

The Union Budget for FY 2017-18 has allocated INR 795 crores for developing EVs

In the Indian electric four wheeler segment, SMEV has stated that as of 2017, Gujarat, West Bengal,

UP, Rajasthan and Maharashtra are the top five states to retail electric vehicles in India

Two-wheelers are set to outpace four-wheelers in India’s ambitious drive towards all-electric

mobility, as all top scooter and motorcycle manufacturers have lined up their clean-energy products

for launch starting 2018

The market for electric bicycles lies primarily in the urban India where there is more affordability

and awareness for electric vehicles. Many Indian start –ups have entered the electric bicycle

segment since 2016

Central and state government policies will be the key drivers propelling the Indian electric vehicle

industry until at least 2022.

Key constraints that affect the growth of electric vehicle segment in India include price, range

anxiety, power source, lack of strong policies and incentives and more

The overall electric vehicle market for storage in India is likely to be 4.7 GWh in 2022. Over 50% of

the market in 2022 will be driven by e-rickshaw batteries


44

Sample Charts

SAMPLE CHART 14: Layout of Strategizing for EV growth

Figure 59: Indian EV Market Size by Vehicle Type

SAMPLE CHART 15: Layout of Strategizing for EV growth

Segment Technology Year

2020 2025 2030 Motorcycles and Scooter

Non EV 10,409,000 9,260,000 0

EV 7,352,000 14,035,000 26,514,000

Auto Rickshaws Non EV 616,000 0 0

EV 646,000 2,364,000 4,072,000

Cars and Jeeps Non EV 3,538,000 3,932,000 0

EV 26,000 1,592,000 15,911,000

Total Non EV 14,563,000 13,192,000 0

EV 8,025,000 17,991,000 46,497,000

Table 52: Expected Indian EV Market Size


45

Chapter 8: EV Startups – Funding & Partnerships

What this chapter is all about: Latest updates on investments, funding and M&A in the Indian electric vehicle industry.


There have been significant action and developments since 2016 in the financing and

partnerships of electric vehicles companies

Hero Motors acquired a significant stake in the IIT Madras electric vehicle startup, Ather Energy

TVS acquired 15% stake in electric vehicle startup Ultraviolette Automotive. As part of the deal,

the company has invested Rs. 5 crores.

Electric three-wheeler manufacturer Kinetic Green entered into a strategic partnership with

shared electric mobility company SmartE to introduce 10,000 electric three-wheelers across the

country within the next 18 months.

Ola and Mahindra have partnered with the Government of India in a first-of-its-kind programme

to build an electric mass mobility ecosystem in Nagpur which will bring about a transformational

change in the automotive and transportation landscape in the country

Milltex Spero, a Coimbatore based company launched its eco-friendly battery run bicycle in

2016 through crowd funding. The product is India’s first crowd funded product.

Sample Charts

SAMPLE CHART 16: Details on Funding for Apeiron Mobility

Round Name Amount Date Notable Investors 26 Dec, 2017 INR 20.00 lakhs December 26th 2017 SINE (Society for

Innovation and Entrepreneurship)

Seed INR 10.00 lakhs February 21st 2017 SINE (IITB Incubator) 07 Sep, 2016 INR 1.00 lakhs September 7th 2016 Giridhar Raju NM and

Drakshayani Konduru

Table 55 : Details on Funding for Apeiron Mobility


46

Chapter 9: Innovation & R&D

What this chapter is all about: A comprehensive listing of research and innovations happening in India across corporates, startups and universities. Also, brings you up-to-date on relevant and interest EV innovations worldwide that are likely to make a significant impact in the near future.


Innovations are happening aplenty globally along the entire electric vehicle value chain. In India

too, there are innovations and R&D efforts, though by global standards one should say that the

Indian efforts are likely to be less impactful to fundamental EV technologies

Automotive manufacturers globally are investing heavily in research and development to

produce advanced BMS solutions for effectively facilitating electrical aging characteristics due

to induced vibrations in rechargeable energy storage systems.

Faraday Future, a start-up technology company focused on the development of intelligent

electric vehicles, is using COMSOL Multiphysics software, a multiphysics finite element analysis

program, to produce cutting-edge electric motors with high power density.

AUDI is developing thin-film solar panels to be fitted into the panoramic glass roofs of its car

designs. This technology aims to generate solar energy in order to increase the range of its

forthcoming electric vehicles.

PPG has formed a new team to look exclusively at how innovations in paint and coatings can

help autonomous and electric vehicles. For electric cars, PPG designed coatings that can store

and transfer energy.

StoreDot, Samsung and Auro Robotics (Indian start up by IIT Kharagpur) are working on various

electric vehicle innovations in India

Future batteries like Na batteries, Li-S batteries, Li-Air batteries, and all solid-state batteries are

also highlighted

Research says out of NMC, LFP & NCA as battery cathode, NMC is a better selection for batteries

because of high capacity & high power whereas LFP have specific energy between 90-120(Wh/

kg) & NCA is cost effective but have safety issues because of thermal runaway

https://www.cbinsights.com/company/storedot


47

Lithium-ion is expected to remain the technology of choice for the next decade when it is

expected to take advantages of a number of improvements to enhance battery performance.

Other technology options are expected to become available after 2030.

Several top Indian colleges like IIT Madras, IIT Bombay, and Amrita Vishwa Vidhyapeetham are

working on innovative technologies in the Indian EV sector.

Sample Charts

SAMPLE CHART 17: Research status of Anode/Cathode Material

Figure 72 : Research status of Anode/Cathode Material

SAMPLE CHART 18: Indian EV Innovation Database

The database lists about 40 companies, with brief details of the following parameters:

Company Name

Products/Solutions & Unique Features

Location

Web Site


48

The following companies are listed, in alphabetical order:

# Company # Company 1 Altigreen Propulsion Labs 20 Mean Metal Motors

2 Apeiron Mobility 21 Menza Motors

3 Ather Energy 22 Meras Plugin

4 ATI Motors 23 Milltex Spero

5 Auro Robotics 24 NDS Eco Motors

6 Cell Propulsion 25 NIBE Motors

7 Earth Energy 26 Octillion

8 Emflux Motors 27 Okinawa Autotech

9 Emotion Motors 28 Pi Beams

10 Esmito Solution 29 SINA Mobility

11 Gayam Motor Works 30 Storm motors

12 Gegadyne Energy 31 Sun Mobility

13 Grinn Tech Motor & Services 32 Tork Motor Cycles

14 Hriman motors 33 TronX Motors

15 Hulikkal Electro India 34 Tunwal E-bike

16 iOKE Motors 35 Twenty Two Motors

17 ION Energy 36 Volta Automotive

18 Lithion Power 37 Ward Wizard Solutions

19 Lithos Motors 38 Yali Mobility

Table 58: List of Innovative startup in India


49

Chapter 10: EV Policies (India & Global)

What this chapter is all about: Latest updates on the central government policies and policies of the various state governments. Also, comparison and analyses of Indian policies with those from countries with high EV growth.


Starting 2017, there have been a spate of policy announcements for electric vehicles, both from

the central government and from select Indian state governments

The National Electric Mobility Mission Plan announced by the central government is the most

ambitious plan yet in India for electric mobility

There have not yet been any formal announcements under FAME II (as of Nov 2018) but the

government has unveiled a mobility roadmap that seeks investment in manufacturing electric

vehicles & fast charging. The Policy will focus on the vehicle which runs on alternative fuel along

with electric vehicle. And also encourage the vehicles & component manufacturers to increase

the production and sales of the vehicles which run on electricity & alternative fuels such as

biodiesel, CNG, Methanol etc

Central Govt has proposed 5500 crore towards EVs and charging infrastructure during the

implementation of FAME II scheme

The Karnataka EV policy includes facilitating battery and charging infrastructure manufacturing,

which will be valid for a period of five years starting from 2017 to 2022

Uttar Pradesh EV policy aims to create an environment to shift from internal combustion engine

to electric vehicle and use of Hybrid EVs in Uttar Pradesh during the transition phase.

In China, the 2018 EV subsidy scheme is in line with the end goal of withdrawing subsidies and

pushing automakers to make better electric vehicles.

The Norway Electric vehicle policy includes free toll roads, free public parking and free charging

at public charging stations, access to bus lanes, free/reduced fees on ferries


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SAMPLE CHART 19: Summary of India EV Policy

State Year of Policy Announced AP 2018

Karnataka 2017-2018

Maharashtra 2018

Tamil Nadu 2018

Telangana 2017

UP 2018

Table 59: Summary of India EV Policy






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Chapter 12: Latest Product Launches in Electric Vehicles

Industry

What this chapter is all about: The only compilation of all the product launches that happened at the India Auto Expo earlier in 2018. Details and specifications for these launches are provided along with photographs and other relevant details.


The Auto Expo is a biennial automotive show held in New Delhi, India. It is Asia's largest and the world's

second-largest auto show. The Auto Expo 2018, a two-day exhibition for prospective automobile buyers

and enthusiasts, was held on Feb 9th -14th, 2018. It was a platform for manufacturers and dealers of

automobiles to showcase their products under one roof and engage with the buyers directly. The expo

showcased cars, two-wheelers, accessories and a special section of luxury cars and motorcycles. The

Super Cars displayed were Audi TT, Ford Mustang GT, Jaguar F Face, and BMW. The branded cars took

part were Volvo, BMW, Mini Cooper, Hyundai, Suzuki, and Skoda.

The EAI (Energy Alternatives India) received a right set of opportunity to be a part of Auto Expo 2018.

Our team have explored and grabbed the new trends and innovations in growing auto industry. The

information mentioned below defines around ten various auto model portraits with specifications and

sixteen other specifications alone for models which were showcased by various automobile companies.

Sample Figure & Tables

SAMPLE CHART 20: List of EV Companies Participated in Auto Expo 2018

List of Companies Participated in Auto Expo 2018

Two Wheelers

With Specifications and Photos With Specifications Only 1. Twenty Two Motors - Flow Bird Ebike Segway - X2

2. Hero Electric - CRUZ E2Li Okinawa Scooters

3. Lohia Auto Industries - OMA star Li OYFLY Electric Scooter

4. Tunwal E Vehicle - Strom ZX

5. TVS

6. Vespa Elettrica

Three Wheelers 1. Desmoto Electrics - Electric Rickshaw Pubang Etron Electric Motor Pvt. Ltd. - Mini

Pickup Trucks

2. Scooters India Limited - Vikram EV Shigan EV - Mini Pickup Trucks - Green Cart

3. Shigan EV - GreenRick Super Lohia Auto - Humrahi Solar Powered E-rickshaw


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4. Mahindra - TREO - E-Rickshaw

Four Wheelers 1. Hyundai - IONIQ Electric Tata motors - Star Bus EV

2. Toyota - Prius PHV JBM

3. Mahindra - Cosmo Tata Motors - Iris EV

4. Tata Motors - Star Bus EV Tata Motors - Magic EV

5. Kia - Soul EV

6. Tata TIGOR EV

7. Goldstone BYD

Table 65: List of companies Participated in Auto Expo 2018

SAMPLE CHART 21: FOR EV SPECIFICATIONS

Specifications of Electric Vehicle -Two Wheelers

Twenty Two Motors - Flow

Figure 1: Twenty Two Motors – Flow Model & Colours

Specification

Max Power 2100 Watt Peak

Speed 60 km/h

Range 160 km with dual battery

Ground Clearance 155 mm

Brake System Front & Rear Disc

Dimensions 1150*1800*780 mm

Loading Capacity 150 kg (2 Adults)

Tyre Front 90/90 – 12 Tubeless / Rear 120/70 – 12 Tubeless

Front Wheel Alloy

Speedometer Digital


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Battery Li-ion

Controller FOC

Charging Time Full Charge in 4-5 hrs/Fast Charge up to 70% in 1 hr

Smart App Mobile App & Artificial Intelligence

Suspensions Telescopic

Anti-Theft GPS & GPRS

Lights All LED Lights & Projector Head Lamp

Storage Capacity 25 Litres

Colours

Table 4: Specification for Twenty Two Motors – Flow

Hero Electric – CRUZ E2 Li

Figure 77: Hero Electric - CRUZ E2 Li

Specification

Motor 250 Watt BLDC Hub Motor

Top Speed 25 km/h

Battery Type 48 Volt 20 Ah

Range 70 km/charge

Battery Type Lithium ion

Charging Time 4-5 hrs (Fully Empty Battery)

Wheel Size 10*3 inch

Weight 69 kg Table 67: Specifications for Hero Electric - CRUZ E2 Li


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Specifications of Electric Vehicle –Three Wheelers

Shigan EV – GreenRick Super

Figure 81: Shigan EV - GreenRick Super

Specification

Model GreenRick Super

Max Speed 40 km/hr

Speedometer Analog / Digital

Seating Capacity 1 Driver + 4 Passenger

Gear Ratio 1:8.4’

High Speed Gear Ratio 1.16’

GVW (kg) 704 kg

Dimensions Wheel Base (mm) 2190

Overall Width (mm) 956

Overall Length (mm) 2800

Overall Height (mm) 1680

Transmission Automatic Torque Multiplier

Ground 125 mm

Battery Lead Acid / Lithium ion

Trip Meter in Single Charge 100 kms

Charger 48 V / 12 Amp

Controller Micro Processor

Shock Absorber Front Telescopic

Shock Absorber Back Telescopic

Braking System Front Drum / Oil Brake

Back Drum / Oil Brake Table 71: Specification for Shigan EV - GreenRick Super


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Specifications of Electric Vehicle – Four Wheeler

Toyota – Prius PHV

Figure 83: Toyota - Prius PHV

Specification

Transmission Type E-CVT (Electronically-controlled Continuously Variable Transmission)

Dimensions 4.645 m (l) * 1.760 m (w) * 1.470 m (h)

Wheelbase 2.70 m

Engine Type 2ZR-FXE, 16-valve DOHC with dual VVT-i

Displacement 1798 cm3 (cc)

Max. Output 72 kW @ 5200 rpm

Max. Torque 142 Nm @ 3600 rpm

Advantages of Driving Prius PHV Reduce the CO2 emissions produced while driving to nearly zero

Can be charged while on the go, increasing the range of use of EV Mode

PHV can provide electrical power not only in the event of a natural disaster but also during leisure and recreation

Vehicle’s electric power can be charged just by parking it under sun

Table 73: Specifications for Toyota - Prius PHV


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Chapter 13: India EV Database

What this chapter is all about: A massive compilation (almost 200 pages!) of data, company and product profiles that covers almost every prominent Indian electric vehicle company. A must-have reference for any business interested in the Indian EV sector.

The Indian Electric Vehicle market is on the anvil of fast growth. Recognizing this, many Indian

entrepreneurs are keen on venturing into this exciting electric vehicle segment. To assist the

entrepreneurs and other businesses in understanding the growing electric vehicle industry, EAI

has come up with this comprehensive list of Indian electric vehicle industry stakeholders – India

EV Database

Through extensive research, the team has been able to collect relevant inputs which would be

beneficial for the new entrant. For the convenience and benefit of the reader, we have also

provided detailed product specifications for many companies.

Overview of Companies discussed

SAMPLE CHART TABLE 22: Overview of Companies discussed

Electric Two Wheelers TVS Motor Menza Motors

Honda Motorcycle & Scooter India SINA Mobility

Electrotherm Hulikkal Electro India

Tunwal E-vehicles Tork Motorcycles

UM Lohia Two Wheelers Pvt. Ltd. Milltex Spero

Ather Energy Volta Motors

Twenty Two Motors Ajanta Manufacturing Ltd.

Okinawa Autotech Pvt. Ltd. GoGreen BOV

Electric Three Wheelers Bajaj Auto Shigan EV

Scooters India Ltd. Pi Beam Labs

Goenka Electric Vehicles Pvt. Ltd. Gayatri Electric Vehicles

Volta Automotive India Pvt. Ltd. Pubang Etron Electric Motor Private Limited

Electric Four Wheelers Hyundai Motor India Tata Motors

Toyota India Honda Cars India Ltd.

BMW India Volvo Cars India

Maruti Suzuki Mean Metal Motors

Electric Buses


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Table 93: Overview of companies discussed

Ashok Leyland JBM

Goldstone

Companies that make Multiple Types of EVs Hero Electric Gayam Motor Works

Mahindra Electric Ultraviolette Automotive

Kinetic Green Speedways Electric

Lohia Auto Industries EcoDynaamic Equipments

Emflux Motors Xxplore Automotive

Ampere Vehicles Jitendra Motors

Shriram Astral Motors Panther Electric Vehicles

EV Components & Support Solutions

EV Component Suppliers EV Support Solution Providers Amaron/Amara Raja TUV Rheinland

Crompton Greaves ABB India

Exide Industries Tata Power

BHEL Fortum

Elcom International Pvt. Ltd. NATRiP

Rotomag ARCI

Axiom Energy International Centre for Automotive Technology

ION Energy ARAI

Napino Auto & Electronics Ltd. India Energy Storage Alliance

Gegadyne Energy Sun Mobility

Agastya Automotives Pvt. Ltd. ACME

Denso India Lithion Power

Altigreen Propulsion Labs Hero Future Energies


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A Section on Overall Takeaways

At the end of the report, our consulting and research experts have distilled all the inputs

and data provided in the comprehensive report into a concise set takeaways and suggestions for Indian businesses and investors keen on actionable inferences and

recommendations.

The key takeaways are provided for the following aspects:

Sales trends

Product potential

Value-chain focus o Lead Acid vs. Li-ion batteries o Battery swapping Vs Battery charging o Electric Vehicle Motor

Startups & Innovation

Policies & Incentives Our Overall Inference on the Business Case of EVs for Businesses






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Our Partial List of Clients

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