Feasibility and information on setting up new automobile manufacturing facility in India

 Consumers are aware that there is a need to reduce greenhouse gas emissions and air pollution in this country and this is only possible if we take action on vehicular pollution and move towards EVs. Also, the Indian market is witnessing a rise in demand for electric vehicles because it saves money and thus there comes the need for Feasibility of new auto manufacturing set up in India. Talking about petrol in India, the cost of travel per kilometer for a car comes to Rs 7-8 while EV comes to less than Rs 1-1.5 per kilometer.


The electric vehicle (EV) market in India is witnessing growth across all segments, including cars, two-wheelers, and three-wheelers. A total of 1,670,736 units were sold in FY23, equating to a growth rate of 42.6% over FY22.

According to the Feasibility of new auto manufacturing set up in India, Bharti witnessed the strongest growth for the industry, growing by almost half from FY22 to 49% in FY23. In terms of registered vehicle sales, various companies like Ola Electric, Hero Electric and Okinawa Autotech are the top three players with a market share of over 45% and other companies are also expanding their reach.


Opportunities To Enter The Segment

Some of the prominent and new startups to watch out for in the Indian EV segment.

  • 1.E3W: Yulu and Move Mobility.

  • 2. E2W: Simple Energy, Revolt Motors, Bounce Infinity.

  • 3. E4W: Pravaag Motors.

  • 4. Charge Point Startups: ChargeUp, VoltUp, Plug In India.

  • 5. Battery Pack Startups: Celsius Energy, Sun Mobility, Exide.

Investing and setting up an automobile manufacturing unit in India can be done economically and economically.

  • The right location should be selected.

  • Technical and environmental standards should be followed.

  • Local and global market demand should be taken into consideration.

  • Before making a plan, detailed study and expert advice is a must.


Invest at the right place with India Watch for the Feasibility of new auto manufacturing set up in India now. 
Location: India

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