India Commercial Vehicle Outlook 2021-2022: Factors Influencing the Transition to Electric Vehicles

DUBLIN, 23 December 2021 / PRNewswire / – The “Indian Commercial Vehicle Outlook” report has been added to ResearchAndMarkets.com offer.

Since 2017, India’s commercial vehicle industry has adapted to regulations that focus on construction quality and safety, exhaust emission reduction and asset traceability; the goal is to bring vehicles up to global standards. OEMs have made significant investments to adhere to these standards and improve supply chain efficiency.

Heads of government want to reduce india dependence on imported oil and adopt cleaner modes of transport. The government-mandated shift from Bharat Stage IV (BSIV) emission standards to the stricter BSVI regime by april 2020 reducing carbon emissions and improving air quality has resulted in a 10-15% increase in commercial vehicle costs due to changes in engine architecture and requirements for new on-board diagnostics. For fleet operators, this means a longer wait to realize a return on investment.

Electrification is a longer term goal

The COVID-19 pandemic dealt another blow to commercial vehicle sales in fiscal 2021 after a sharp decline in the previous one due to a combination of other factors. Government-imposed national lockdowns and other travel restrictions have contributed to a decline in freight transport; lower fleet utilization rates have increased operators’ total cost of ownership and reduced profitability.

As commercial vehicle buyers consider ways to reduce operating expenses and maintenance costs, they look for ways to deliver more value per liter of fuel used, tonne of cargo transported, or kilometer driven and are turning to vehicles with connectivity, comfort and convenience. features to maximize uptime. Other headwinds and cost reduction opportunities can cause owners and operators to return to dealerships to place orders for new vehicles earlier than expected.

Main topics covered:

1. Strategic imperatives

• Why is it more and more difficult to grow taller?
• Strategic imperative 8
• The impact of the three main strategic imperatives on the Indian commercial vehicle industry
• Growth opportunities fuel the engine of the growth pipeline

2. Industry overview

• Industry overview
• The impact of Covid-19 on the industry
• Other Factors Affecting the Industry
• Review of forecasts for 2021
• Predictions for fiscal year 2022
• Sales forecasts

3. Analysis of growth opportunities

• Presentation of PESTEL
• Trend analysis
• Powertrain adoption strategies
• Switch to natural gas
• Factors influencing the transition to the electric vehicle
• Telematics in commercial vehicles
• Regulatory impact
• Scrapping policy
• Key areas of intervention for manufacturers

4. Universe of growth opportunities

• Growth Opportunity 1 – Last Mile Delivery
• Growth Opportunity 2 – Electrification
• Growth Opportunity 3 – Advanced Connectivity and Security Features
• List of exhibitions

For more information on this report, visit https://www.researchandmarkets.com/r/tlkhk2

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SOURCE Research and Markets