Electric Vehicles uses a battery to store the electric
energy that powers the vehicle. Electric Vehicle (EV) is sometimes referred to
as Battery Electric Vehicle (BEV).EV batteries are charged by plugging the
vehicle in to an electric power source. Electric Vehicles are typically more
expensive than similar conventional vehicles, however some cost can be
recovered through fuel savings. Rechargeable batteries used in electric
vehicles include lead–acid, NiCd, nickel–metal hydride, lithium-ion, Li-ion
polymer, and, less commonly, zinc–air and molten-salt batteries. Most electric
vehicles have used lead-acid batteries due to their mature technology, high
availability, and low cost. For now, our safest bet is to use the
tried-and-true lead acid battery for Electric Vehicle. The initial cost is
still a significant savings over lithium-ion batteries. If lead-acid batteries
are maintained properly, they will function at 80–90% efficiency.
New electric vehicles
on road from 2018 to 2019
In 2018, Mahindra launched its first lithium-ion powered three-wheeler
vehicle that has a range of 130 km and takes around 4 hours to charge.
Okinawa launched a two-wheeler "Ridge+" in October
that comes with a detachable battery feature, has a range of 120 km and a top
speed of 55 km/hr.
Bengaluru-based Ather Energy launched the" Ather 450"
and" Ather 340" in June. The Ather 450 has a range of 75 km with a
top speed of 80km/hr. The Ather 340 has a top speed of 70km/hr with a range of
60km.
In 2019, SUV-specialist Mahindra will launch its third
battery-powered passenger vehicle , electric version of the KUV 100. The
vehicle is expected to have a range of 150-180 km and would take around 3-4
hours for a complete charge.
Hyundai will kick-start its EV campaign in India with the
launch of Kona in the second half of 2019. The stylish SUV will be a CBU unit.
With a driving range of 482 km and a top speed of 167 km/hr the Kona Electric
will take nine hours to charge fully.
Japanese auto major Nissan Motors will launch the Leaf in
India through the imported route. With a range of 400 km, the car takes about 8
hours to charge completely.
Indian auto giant Bajaj Auto will launch an electric
three-wheeler next year. The company is already the market leader in petrol
powered three wheelers. It may also launch an electric "Qute" later
in the year. The Qute is already on sale in a few states
The Pune-based company is ready to roll out "T6X",
touted to be amongst the fastest elctric motorcycles ever built. T6X boasts of
a top speed of 100 km/hr and has a range of 100 km.
The Haryana-based company is ready to launch at least two
electric scooters this year. Twenty Two
Motors first came to the forefront after Taiwanese automaker Kymco invested $65
million in the company. The first scooter to be launched by the nascent company
is called "Flow".
E-Tron is the first all-electric car by the German auto
giant and will debut in India this year. The car has a range of 400 km and
takes about 30 mins to charge 80 percent of the battery. E-tron will be
imported to India.
The Indian electric bike start-up Ultraviolette Automotive
is set to launch the radical-looking electric superbike this year. The bike
which looks straight out of a sci-fi movie can attain a top speed of 150 km/hr,
making it one of the fastest bikes to ever launch on Indian roads.
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As stated by Bonafide Research in its report India
Automotive Lead Acid Battery Market Outlook, 2023," the Government of
India has plans to make a major shift to electric vehicles by 2030. Even if
India is able to achieve 50-70%, India will be one of the largest adopters of
electric mobility. Lead acid battery is the best available option for electric
vehicles."
According to Bonafide Research, India overall automotive
lead acid battery market has grown with more than 10% CAGR over reviewing
period from year 2012-13 to 2017-18. India automotive lead acid battery market
is leading by two wheeler battery market, followed by four-wheelers and
commercial battery market. As per the Society of India Automobile
Manufacturers, the domestic sales of two wheelers in the country stood at more
than 20 million units, which are expected to grow at a rapid pace over the next
5 years. India has witnessed a tremendous growth in per capita income thereby
resulting in more disposable income in the hands of its citizens. As a result,
there has been a sharp increase in the sales of automobiles, particularly of
the two wheelers. India has the most number of young people in the world. This
is expected to spur the growth of two wheeler lead acid batteries in the
forecast period. The automobile industry employs about 19 mn people directly
and indirectly. India is the 8 largest commercial vehicle manufacturers in the
world. While it is the 2nd largest bus manufacturer, it ranks 5th globally in
manufacturing heavy trucks. Growing inclination towards pollution-free electric
vehicles coupled with technological developments is expected to increase
product demand over the upcoming years.
The two wheeler and four wheeler battery market is
anticipated to contribute more than 65% market share of total automotive lead
acid battery market by year 2022-23. The major brands which offer lead acid
battery in India are Exide and Amaron, which are jointly cater more than 50% of
the lead acid battery market.
Major companies that operate into the automotive lead acid
battery market in India are Exide Industries Limited, Amara Raja Batteries
Limited, Luminous Power Technologies Limited, TATA AutocompGy Batteries Private
Limited, OKAYA Power Pvt. Ltd, Su-kam power system.
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Covered in the
report:
• Automotive
lead acid battery
• Two
wheeler
• Three
wheeler
• Commercial
vehicle
• Motive
Power
How it will help
solving your strategic decision-making process??
- India Lead Acid Battery Market By value.
- India Automotive Lead Acid Battery Market By Value.
- India Automotive Lead Acid Battery Market By Volume.
- India Automotive Lead Acid Battery Market Share ByType.
- India Automotive Lead Acid Battery Market Share By Industry.
- India Automotive Lead Acid Battery Market Share By
Company.
- India Two Wheeler OEM & Replacement Battery Market By
Value & Volume.
- India Three Wheeler OEM & Replacement Battery Market
By Value & Volume.
- India Tractor OEM& Replacement Battery Market By Value
& Volume.
- India Passenger Vehicle OEM & replacement Battery
Market By Value & Volume
- India Commercial OEM & replacement Battery Market By
value & Volume
Report Methodology
The information contained in this report is based upon both primary
and secondary research. Primary research included interviews with various
channel partners of automotive lead acid battery products in India. Secondary
research included an exhaustive search of relevant publications like company
annual reports, financial reports and proprietary databases.
Please get in touch with our sales team in order to find out
more.
CONTACT US
Bonafide Research & Marketing Pvt. Ltd.
Steven Thomas – Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Telephone: +91-7878231309
Website: http://bonafideresearch.com/
Keywords: India, Research,
Study, Market, Share, Battery, Automotive Lead Acid, Three wheeler, Two
wheeler, Passenger Vehicle, Commercial Vehicle, Tractor, Exide, Amara Raja,
TATA, Su-Kam, Motive, E-rickshaw, Replacement, OEM.
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