Bharatbook.com announces a new report on "India Automotive Battery Market Forecast & Opportunities, 2018" which gives the trends and developments in the Indian Automotive Battery Market.
Mumbai, Maharashtra, India., January 17, 2014 - (PressReleasePoint) - Jan 17, 2014 : Bharat Book Bureau presents the new report, on 'India Automotive Battery Market Forecast & Opportunities, 2018' The Indian automotive market witnessed tremendous growth during 2009-12 due to various government initiatives and growing easy loan facilities in the country. 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.
According to the “India Automotive Battery Market Forecast & Opportunities, 2018”, the Indian automotive battery market is projected to grow at a CAGR of approximately 13% during 2013-18, in value terms. 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. “India Automotive Battery Market Forecast & Opportunities, 2018” report elaborates following aspects related to automobile batteries market expansion in India:
• India Automotive Battery Market Size, Share & Forecast • Segmental Analysis – Batteries in Passenger Cars, Utility Vehicles, Two Wheelers, Three Wheelers, Light Commercial Vehicles, Commercial Vehicles and Tractors • Policy & Regulatory Environment • Changing Market Trends & Emerging Opportunities • Competitive Landscape & Strategic Recommendations
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