THE FUTURE OF AUTOMOBILE INDUSTRY

 

CURRENT INDIAN MARKET:

The current India's GDP is around 3.18 lakh crores USD. with 8.7% annual change and India rank's fifth in the largest GDP producing countries in the world. Automobile Industry contributes over 7% of India's GDP nad 49& of Mnaufacturing GDP of India.

                           

* India's Automobile Market was valued at USD 100 Billion in 2021. Registering an annual growth of 8.1%.

* India is the fourth largest produer of automobile in the world. 

PEOPLES PREFERENCE:

Indians spends over 17% of their annual income over fuel. The fuel price keeps on increasing due to various reasons, but it's sure that's going to make a very big problem in our day to day life.

* The fuel rate has increased 30% in last 3 years and it's keeps on increasing.

*So, Fuel economy has become an important factor in the decision of buying a vehicle.

                      PERCENTAGE OF BUYING PREFERENCE IN INDIA

Nowadays, anyone who are going to buy a vehicle, their first preference may be features, due to today's trend. But always the major preference will be given to it's Mileage. 

Can EV change the situation 

Yes, it is our beleif that EV can change the situation of pollution and other problems. But the fact is, it's not possible right now in India.  The pollution will remain almost the  same as we use the EV too.  How's that possible? In major foreign countries the electricity which is the key for the concept of EV is produced through the renewable energy resources. But in India 75% of electricity is produced from burning coal and from thermal power plant. Do you beleive that's amke effective. 

No, EV become effective only the power is produced through renewable resources. To implement them in India it takes some time and we need to wait for that. 

* The EV market in India comprised only 4 percent of the total automobile sales in in 2022. 

* There were only 910 EV stations currently in India.

>> These makes the EV to take time to be effective and fulfill it's  worth  in India.

Then what's the  immediate solution for now. 

 Here comes the Hybrid into the track.

HYBRID TECHNOLOGY:

Hybrid vehciles are powered by an internal combustion engine and one or electric motor, which uses the energy stored  in batteries. In hybrid we need not want to charge the car, but the battery is charged through regenerative brakeing system and by the internal combution engine.  It makes the engine to perform better with more power and it also provides more mileage, which makes the car effective.

* Hybrid will rule india till 2030 till EV becomes effective. 

* The  market leaders like Suzuki, Toyota, Mahindra, Tata and all other manufacturing comapanies focuses on Hybrid and they will make all their products otherthan EV to Hybrid very soon. 

Benefits of Hybrid:

* Expenses become lower

* More power

* It will begin the EV era in India 

> Hybrid will become the starting stage on EV 's in India. and then comes the EV to rule the industry. 

                       

 ELECTRIC  VEHICLES

 

* Electric vehicles is no longer just a concept.

* They are becoming affordable day to day and it's slowly increasing it's sales day by day makes a better sense.

Electric vehicles Advantages: 

* Futuristic design and features

* Electric motor

* Low running cost

Current problems in EV:

* Higher cost

* lack of charging stations

* problems in resale value

* problem with Indian roads

*  Battery replacement makes a big problem 

If you are collapsed of buying EV or what, be clear that if it's for just a small work purpose like only driving for small distance and there are sufficient available charing facilities, go for EV. But travelling long distance and more distance Hybrid will be a good choice you...

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