India's "Only Electric Vehicles by 2030" plan - a big opportunity for suppliers.

India is looking at having an all-electric car fleet by 2030. This is a big opportunity for suppliers of Batteries and BMS (Battery Management System), REM System (Motor and Controller), Regenerative Braking, DC-DC Converters, Ultra Capacitors, Invertors, and Software.

Contact Bostel Consulting associated with Quanzen Consultants, the Business Development and Sourcing Support Expert to International Automotive Companies In India.   

Batteries and BMS

In the pilot phase, cells for the batteries will be imported. As the programme scales up, they can be manufactured locally, as per the government thinking, which is in line with the “Make in India” initiative. 

Today, nobody is producing lithium-ion batteries in India. We need lithium-ion batteries on a large scale for the above plan to become a reality.

Suzuki, parent company of India’s largest car maker Maruti-Szuzuki has entered into a JV with Toshiba and Denso to produce Li Ion battery packs in India – giving a boost to the Electric Vehicles industry growth plans for India. This will kick start battery production in India and will also act as a catalyst to bring down battery prices.

Chetan Maini, the man who gave India its first electric car, the Reva, is all set to bring in the battery revolution. Maini's new venture is looking to build modular batteries for electric vehicles that can be swapped out quickly at stations similar to today's petrol bunks. Even as China meets 90 percent of the world’s total demand for batteries its cost remain prohibitively high. Therefore, Tata Motors has set up a battery assembly line within its Pune plant, which will look into technology development of batteries and also which in future stages might host a production line for batteries.

There is a huge scope for battery and cell pack manufacturers, technology companies with innovative solutions for enhancing battery charge duration & facilitating compact packaging.

REM System

The second most expensive part on an Electric vehicle is REM (Rotating Electric Machine) System comprising of Electric Traction Motor & Controller.

There is still no agreement on the best type of electric motor to use in Electric Cars or Trucks/Buses. The Cost-Performance ratio will become critical. This makes it possible for companies with strong Value Proposition for V-P ratio to pitch into this market starting from a Zero Base.
Regenerative Braking, DC-DC Converters, Ultra Capacitors, Invertors, etc.:

These are some of the main parts specifically attributed to the EV. Suppliers of these as well as their Tier-2 companies will be needed in a big way.


While it is believed that over the years, all hardware will tend towards commoditisation, the importance & value of software will go on increasing for Electric Vehicles in the same way as it happened for the traditional fossil fuel vehicles of today. The experts believe it will perhaps be more crucial since there is another revolution which will happen during the same period : Autonomous levels to increase and a shift from personal ownership to shared fleets. This coupled with commercial vehicles connectivity will necessitate continuous improvement on Software for ADAS and Connectivity in this Electric Vehicles revolution planned in India.

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Comments: 1
  • #1

    Puja (Thursday, 10 August 2017 11:20)

    Nice article, Battery Management System Market worth 7.25 Billion USD by 2022

    Major players in this market include Johnson Matthey Plc. (U.K.), Lithium Balance A/S (Denmark), Nuvation Engineering (U.S.), Valence Technology, Inc. (U.S.), Intersil Corporation (U.S.), Linear Technology Corp (U.S.), NXP Semiconductors N.V. (Netherlands), Texas Instruments Inc. (U.S.), Elithion, Inc. (U.S.), Vecture Inc. (Canada), and Ventec SAS (France).
    For more: http://www.marketsandmarkets.com/Market-Reports/battery-management-bms-market-234498189.html

    This research report categorizes the global battery management system market on the basis of battery types, components, topologies, applications, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the battery management system market. The Porter’s five forces analysis has also been included in the report with a description of each of its forces and its respective impact on the position sensor market.