The Indian electric vehicle industry is expected to grow significantly, reaching a market size of USD 8 billion by 2027 with a CAGR of 43% between 2022 and 2027. Two-wheelers are the dominant segment, followed by three-wheelers and cars. Major players like Tata Motors, Ola Electric, Bajaj Auto, and Hyundai are investing in the market. The government’s FAME II scheme provides incentives for electric vehicle adoption, promising a bright future for the industry in India.
Materials like lithium-ion batteries, electric motors, power electronics, carbon fiber, and aluminum are essential for developing efficient electric vehicle technologies. Semiconductor materials like silicon and gallium nitride are used in electronic control units for managing systems in electric vehicles. Large Companies like Tata Elxsi, Mahindra Electric, Ather Energy, and TVS Motor Company are working on advanced technologies to enhance driving experience and promote sustainable mobility in India.
However, there are some mid/small sized companies also that are indirectly involved in the process. A major intermediary being the developer of technologies for connected car and automotive electronics.
Yes, they provide advanced automated solutions for all types of vehicles.
- There is a growing need for automated solutions for electric vehicles (EVs) due to several factors.
- Automated technologies can enhance the performance and efficiency of EVs, ensuring optimal battery management, range optimization, and overall driving experience.
- Automation can improve safety features in EVs, such as collision avoidance systems and autonomous emergency braking, making them more secure on the road.
- Automated solutions can enable smart charging infrastructure, remote diagnostics, and predictive maintenance for EVs, enhancing the user experience and convenience for EV owners.
- Overall, automated solutions play a crucial role in advancing the capabilities and usability of EVs in the rapidly evolving automotive industry.
The race has just begun for the developers and there are miles to go……
Our favourite developer is Danlaw Technologies India Ltd., who is yours…???
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