Product Code: ETC11851278 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India electric vehicle transmission market is experiencing rapid growth due to increasing adoption of electric vehicles (EVs) in the country. The demand for efficient and high-performance electric vehicle transmissions is driving market growth, with a focus on enhancing driving range and overall vehicle performance. Key players in the market are investing in research and development to introduce advanced transmission systems that cater to the specific requirements of electric vehicles. The market is also witnessing collaborations between automotive manufacturers and transmission suppliers to develop innovative solutions for electric vehicles. Additionally, government initiatives and incentives to promote electric mobility in India are further fueling the growth of the electric vehicle transmission market in the country.
The electric vehicle transmission market in India is witnessing several key trends. One prominent trend is the shift towards more efficient and advanced transmission systems to improve the overall performance and range of electric vehicles. Manufacturers are focusing on developing lightweight and compact transmissions to enhance the efficiency of electric powertrains. Additionally, there is a growing demand for automatic and semi-automatic transmission systems in electric vehicles to provide a smoother driving experience. The adoption of advanced technologies such as regenerative braking and multi-speed transmissions is also on the rise to optimize the efficiency of electric vehicles. Overall, the India electric vehicle transmission market is evolving rapidly to meet the increasing demand for eco-friendly and high-performance electric vehicles in the country.
The India electric vehicle transmission market faces several challenges, including the high cost of electric vehicles compared to traditional internal combustion engine vehicles, limited charging infrastructure, range anxiety among consumers, and the lack of skilled technicians for maintenance and repair of electric vehicles. Additionally, the government policies and regulations regarding electric vehicles are still evolving, which creates uncertainty for both manufacturers and consumers. The overall consumer awareness and acceptance of electric vehicles also remain relatively low, posing a challenge for widespread adoption. To overcome these obstacles, stakeholders in the India electric vehicle transmission market need to focus on developing affordable electric vehicle options, expanding charging infrastructure, educating consumers about the benefits of electric vehicles, and investing in training programs for technicians to support the maintenance and repair of electric vehicles effectively.
The Indian electric vehicle transmission market presents several promising investment opportunities due to the country`s growing focus on transitioning towards electric mobility. With the government`s push for electrification and the increasing adoption of electric vehicles by consumers, there is a rising demand for efficient and high-performance electric vehicle transmission systems. Investors can explore opportunities in developing and manufacturing advanced transmission technologies tailored for electric vehicles, such as single-speed transmissions, multi-speed gearboxes, and direct-drive systems. Additionally, investing in R&D for innovative transmission solutions to improve energy efficiency and performance in electric vehicles can be a strategic move in this evolving market. Collaborating with automakers and suppliers in India to provide customized transmission solutions for electric vehicles can also be a lucrative investment avenue in the dynamic electric vehicle industry.
The Indian government has introduced several policies and initiatives to promote the electric vehicle transmission market in the country. These include the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, which offers incentives for the adoption of electric vehicles and the development of charging infrastructure. Additionally, the government has set a target for 30% electric vehicle sales by 2030 and has announced plans to phase out internal combustion engine vehicles. Other policies include lower GST rates for electric vehicles, exemption from road tax, and the establishment of EV charging stations across the country. These measures aim to boost the adoption of electric vehicles, reduce emissions, and create a more sustainable transportation ecosystem in India.
The future outlook for the India electric vehicle transmission market appears promising due to factors such as government incentives promoting electric vehicle adoption, increasing awareness of environmental concerns, and advancements in electric vehicle technology. With a growing emphasis on reducing emissions and transitioning towards sustainable transportation solutions, the demand for electric vehicles is expected to rise in the coming years. This will drive the need for efficient and reliable electric vehicle transmissions to support the performance of these vehicles. Additionally, collaborations between automakers and transmission manufacturers to develop innovative solutions tailored for the Indian market are likely to further boost the growth of the electric vehicle transmission market in India. Overall, the market is projected to experience significant growth and opportunities as the country moves towards a cleaner and greener automotive sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Vehicle Transmission Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Vehicle Transmission Market Revenues & Volume, 2021 & 2031F |
3.3 India Electric Vehicle Transmission Market - Industry Life Cycle |
3.4 India Electric Vehicle Transmission Market - Porter's Five Forces |
3.5 India Electric Vehicle Transmission Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 India Electric Vehicle Transmission Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.7 India Electric Vehicle Transmission Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 India Electric Vehicle Transmission Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 India Electric Vehicle Transmission Market Revenues & Volume Share, By Gear Type, 2021 & 2031F |
4 India Electric Vehicle Transmission Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Vehicle Transmission Market Trends |
6 India Electric Vehicle Transmission Market, By Types |
6.1 India Electric Vehicle Transmission Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Vehicle Transmission Market Revenues & Volume, By Transmission Type, 2021 - 2031F |
6.1.3 India Electric Vehicle Transmission Market Revenues & Volume, By Single-Speed Transmission, 2021 - 2031F |
6.1.4 India Electric Vehicle Transmission Market Revenues & Volume, By Multi-Speed Transmission, 2021 - 2031F |
6.1.5 India Electric Vehicle Transmission Market Revenues & Volume, By Direct Drive System, 2021 - 2031F |
6.1.6 India Electric Vehicle Transmission Market Revenues & Volume, By eAxle System, 2021 - 2031F |
6.2 India Electric Vehicle Transmission Market, By Features |
6.2.1 Overview and Analysis |
6.2.2 India Electric Vehicle Transmission Market Revenues & Volume, By Simplified Design, 2021 - 2031F |
6.2.3 India Electric Vehicle Transmission Market Revenues & Volume, By Enhanced Torque, 2021 - 2031F |
6.2.4 India Electric Vehicle Transmission Market Revenues & Volume, By High Efficiency, 2021 - 2031F |
6.2.5 India Electric Vehicle Transmission Market Revenues & Volume, By Compact & Lightweight, 2021 - 2031F |
6.3 India Electric Vehicle Transmission Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Electric Vehicle Transmission Market Revenues & Volume, By Passenger EVs, 2021 - 2031F |
6.3.3 India Electric Vehicle Transmission Market Revenues & Volume, By High-Performance EVs, 2021 - 2031F |
6.3.4 India Electric Vehicle Transmission Market Revenues & Volume, By Commercial EVs, 2021 - 2031F |
6.3.5 India Electric Vehicle Transmission Market Revenues & Volume, By Electric SUVs, 2021 - 2031F |
6.4 India Electric Vehicle Transmission Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 India Electric Vehicle Transmission Market Revenues & Volume, By EV OEMs, 2021 - 2031F |
6.4.3 India Electric Vehicle Transmission Market Revenues & Volume, By Sports Car Manufacturers, 2021 - 2031F |
6.4.4 India Electric Vehicle Transmission Market Revenues & Volume, By Fleet Operators, 2021 - 2031F |
6.4.5 India Electric Vehicle Transmission Market Revenues & Volume, By Luxury Auto Brands, 2021 - 2031F |
6.5 India Electric Vehicle Transmission Market, By Gear Type |
6.5.1 Overview and Analysis |
6.5.2 India Electric Vehicle Transmission Market Revenues & Volume, By Fixed Gear, 2021 - 2031F |
6.5.3 India Electric Vehicle Transmission Market Revenues & Volume, By Planetary Gear, 2021 - 2031F |
6.5.4 India Electric Vehicle Transmission Market Revenues & Volume, By Direct Drive, 2021 - 2031F |
6.5.5 India Electric Vehicle Transmission Market Revenues & Volume, By Integrated Gearbox, 2021 - 2031F |
7 India Electric Vehicle Transmission Market Import-Export Trade Statistics |
7.1 India Electric Vehicle Transmission Market Export to Major Countries |
7.2 India Electric Vehicle Transmission Market Imports from Major Countries |
8 India Electric Vehicle Transmission Market Key Performance Indicators |
9 India Electric Vehicle Transmission Market - Opportunity Assessment |
9.1 India Electric Vehicle Transmission Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 India Electric Vehicle Transmission Market Opportunity Assessment, By Features, 2021 & 2031F |
9.3 India Electric Vehicle Transmission Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 India Electric Vehicle Transmission Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 India Electric Vehicle Transmission Market Opportunity Assessment, By Gear Type, 2021 & 2031F |
10 India Electric Vehicle Transmission Market - Competitive Landscape |
10.1 India Electric Vehicle Transmission Market Revenue Share, By Companies, 2024 |
10.2 India Electric Vehicle Transmission Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |