Revenue from the Sales of India Electric Vehicles to Witness Relatively Significant Growth During 2017–2027
Verfasser: yogesh on Wednesday, 10 April 2019In a new report published by Persistence Market Research titled “Electric Vehicle Market: India Industry Analysis (2012-2016) and Forecast (2017-2025),” it has been observed that the India electric vehicles market is expected to expand at a CAGR of 77% in terms of value during the forecast period. According to this report, market players are focusing on expanding their presence in India where the electric vehicles industry is growing at a rapid rate. Key players operating in the market are focusing on entering into tie-ups with local vendors, distributors and aftermarket companies to promote their products. The electric vehicle market in India is anticipated to create lucrative opportunities for electric vehicle manufacturers as well as for vehicle component manufacturers in the near future. Owing to this fact, huge investments are already being planned by many key vendors in the Indian market to capitalize on the opportunities provided by the high potential market for electric vehicles in the subcontinent.
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India Electric Vehicle Market: Drivers