India Electric Vehicle Battery Swapping Market Size is expected to reach USD xx.xx Million/Billion by 2027, according to a new report study the market is expected to expand at a CAGR of 6.02% from 2020 to 2027. The base year considered for the study is 2018, and the forecast has been provided for the period from 2020 to 2027. 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.

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.

Methodology:

The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.

During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from India Electric Vehicle Battery Swapping market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.

We have covered two proprietary models in the India Electric Vehicle Battery Swapping report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.

Competitive Landscape

A competitive landscape for the Indian electric vehicle battery swapping market is given in the study. To differentiate business attributes, key players operating in the industry have been identified and profiled. Company overview, latest trends, financial standings, and SWOT are some of the characteristics of key players in the industry that have been profiled in this study. Main players covered by the study on the Indian market are: SUN Mobility Pvt. Ltd., Lithion Power Pvt. Ltd., Ola Electric Mobility Pvt. Ltd., Exicom Tele-Systems Ltd., Twenty Two Motors Pvt. Ltd. (22KYMCO), and Panasonic India Pvt. Ltd.