YOU SHOULD GO ELECTRIC DUE TO THESE MAJOR FACTORS

Global Anticipation

Smart city is a vision for the integration of innovative solutions

into the development of cities
Global Market Size & Growth Potential
 Emerging Market - India
• 3rd largest consumer of petroleum products globally
• Nearly 85% of crude oil requirement - fulfilled through
imports
• Global economic crisis has huge impact on barrel price of
crude oil
• leads to significant economic affect in India.
• Government in India is focussed on reducing crude oil
imports
• bringing alternate fuel options - CNG, CBG, EVs etc.

The Indian electric vehicle market was valued at USD 7,025.56

million in 2021, and it is expected to reach USD 30,414.83
million by 2027, registering a CAGR of 28.93% in terms of
revenue during the forecast period (2022-2027).
Emerging Market - India
Potential gains from EV

Increases
Promotes Enhances Plant Load Technologica
Better air GHG
renewables energy Factor l leadership
quality mitigation
security

Towards a
Improving Through EV Reduces Increases Position India
greener
public health batteries imported fuel efficiency of as a leader in
environment
in cities use in transport power plants auto-tech
sector
Drivers for development of current EV market
Favourable government Growing awareness of air
policies and subsidies quality and environmental
issues

Rising income levels in

Heavy investments Tier-1 cities
from automakers

Increasing diversity of products Lower Total Cost of Ownership

widening appeal to different groups (TCO) for EVs as compared to ICE