India’s electric vehicle (EV) value chain revenue pool is expected to reach a size of $76-100 billion by 2030, potentially translating to $8-11 billion profit pool, according to a report by Bain & Company.
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The Indian automotive market is poised for rapid EV growth, due to the convergence of factors including government incentives, improving cost-competitiveness and original equipment manufacturer (OEM) investment, along with increased customer readiness and awareness, the report noted.
While 40-50% of revenue pool will come from auto OEMs, it will be significantly altered in the nature and composition,” he said. “New business opportunities such as battery (13%), charging (8%) and mobility (6%) will emerge. Unified platforms will become the next big play as many EV ecosystem players are looking for forward or backward integration to create a broader e-mobility ecosystem.
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