As per current published report by Markntel Advisors the India E-Vehicles Charging Infrastructure Market is estimated to grow at a CAGR of around 30% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.

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Key Driver: Surging Adoption of EVs Owing to Environmental Concerns

With heavy investments in research and development and the infiltration of advanced technology, the sales of EVs have been propelled in the country. Moreover, with options to discover local charging stations, providing real-time information on vacant slots, and the convenience of scheduling, the industry shall witness up scaled demand and growth in further years. Furthermore, with the implementation of various government initiatives to choose electric vehicles owing to environmental concerns, the market would grow as the need for supercharging stations increases. Likewise, private automobile companies volunteering to accelerate the sales in the country are providing the industry with further enlargement. For instance,

• In May 2022, Hero Electric partnered with digital consumer lending platform RevFin to provide loans to EV consumers to buy 2W electric vehicles targeting the financing and leasing of 2.5 lakhs 2W vehicles over the next three years.

The India E-Vehicles Charging Infrastructure Market has segmented the market into the following categories:

By Type of Charging

(Battery Swapping, Slow AC Charging, Fast DC Charging),

By Component

(Hardware, Software, Services),

By Location

(Cities, Highways),

By End User,

(Commercial, Public)

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By Region

- North

- East

- West

- South

Competitive Environment Featuring Key Players:

ACME Group, Ather Energy, Cell Propulsion, Exicom Group, Fortum, Mahindra & Mahindra, Panasonic, Sun Mobility, TATA Power, Volttic, Others

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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions

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-The state of the market dynamics and potential for future market expansion

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