DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/w2q2db/india_automotive) has announced the addition of the "India Automotive Battery Market Forecast & Opportunities, 2018" report to their offering.
The Indian automotive battery market is projected to grow at a CAGR of approximately 13% during 2013-18
The key reason can be attributed to the recent launches of Medium Utility Vehicles (MUV) and Sports Utility Vehicles (SUV) such as Renault's Duster, Mahindra's XUV, Maruti's Ertiga and Ford's Eco Sports, etc. As a result, the utility vehicles battery market segment is expected to witness the fastest growth in automobile battery market, followed by two wheeler batteries and light commercial vehicle battery market segments, over the next five years. The demand for automotive battery has largely emerged from northern region of India due to increasing automobile sales in various states such as Uttar Pradesh, Delhi, Rajasthan, etc., and presence of large automobile manufacturers like Honda and Tata.
The major government measures such as National Automotive Testing and R&D Infrastructure Project (NATRiP), Focus Market Scheme (FMS) and Automotive Mission Plan 2006-16 are further expected to support the sales of passenger cars and commercial vehicles in the country, contributing to the growing demand for automotive batteries. Also, National Electric Mobility Mission Plan, 2020 (NEMMP) targets to augment the demand for electric vehicles to around 5 to 7 million by 2020, which is anticipated to significantly boost the demand for Li-ion automotive batteries market in India.
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Key Topics Covered:
1. Executive Summary
2. India Automotive Battery Market Outlook
3. India Two-Wheeler Battery Market Outlook
4. India Passenger Car (PC) Battery Market Outlook
5. India Utility Vehicle (UV) Battery Market Outlook
6. India Three Wheeler (3W) Battery Market Outlook
7. India Light Commercial Vehicle (LCV) Battery Market Outlook
8. India Medium & Heavy Commercial Vehicle (M&HCV) Battery Market Outlook
9. India Tractor Battery Market Outlook
10. India Automobile Battery Pricing Analysis
11. Raw Material Analysis
12. Market Dynamics
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. Indian Economic Profile
16. Competitive Landscape
17. Strategic Recommendations
Companies Mentioned
- Amara Raja Automotive Batteries Ltd.
- Base Corporation Limited
- Bosch Limited
- Exide Industries Ltd.
- HBL Power Systems Ltd.
- Luminous Power Technologies (P) Limited
- Okaya Power Ltd.
- Southern Batteries Pvt. Ltd.
- Su-Kam Power System Limited
For more information visit http://www.researchandmarkets.com/research/w2q2db/india_automotive
