In this report, we have estimated each of these markets in terms of unit sales and MWh projection for India, with 2021 as a base year and projections for 2022-2030. With respect to EV Ancillary Market, this report covers market overview and developments on ground with respect to localization of key EV components such as motors, controllers, BMS, Onboard chargers, convertors etc.

Exclusions: Commercial electric vehicles such as trucks, tractors etc. are not covered in the market forecast.