Automotive and Transportation India Electric Car Market Research Report | Page 3

India Electric Car Market
A typical Indian car customer is highly cost sensitive and high price of electric car could adversely affect the
market demand. Even though the running cost of an electric car is low (6kms per 1KWh), it is the high battery
cost, which increases the upfront or showroom price of electric car, making owning an electric car expensive for
an average Indian customer. High upfront cost of electric cars (compared to conventional cars) could hamper
their sales over the forecast period. However, declining prices of lithium ion batteries is a positive sign for the
India electric car market.
Copyright © P&S Market Research