EV opportunities for different industry sectors and businesses - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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by Narasimhan Santhanam

This posevnext-logo-v-smallt is a part of EV Next’s EV Perspectives.

EV Nexta division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.

Top management consulting experts for Bio-energy, EV, Solar, Green Hydrogen


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This post is part of a series titled “Strategizing for E-mobility Opportunities in India” from EV Next Perspectives. See all posts for this series from here. See previous post E-mobility – Evaluating the Opportunities (2020-2030)

The data and insights in the earlier posts from this series from EV Next would have enabled a prospective business or entrepreneur to arrive at a shortlist of opportunities based on the size of investment needed, the types of markets (B2B or B2C), and the firm’s key strengths and capabilities. 

Doubtless, the above sections will lead to different types of businesses and entrepreneurs to arrive at different shortlists that comprise the most attractive business opportunities for them.

As a summary, we have provided a Sector-Size matrix below that lists the types of opportunities for each Sector & Size, depending on where you belong on the two-dimensional spectrum of Sector & Size.

Note that opportunities that are listed under Micro & Small are also feasible for Medium & Large firms (though they might not be the most optimal for them!), but the inverse is not valid – that is, opportunities listed under Medium & Large usually might not be feasible for small firms unless they are able to form synergistic partnerships with larger firms.

Similarly, those opportunities listed for specific industry sectors are ideal for companies in those sectors, but that does not prevent a company from outside the sector to target the opportunity if they are able to form relevant strategic partnerships.

Cell making machinery | Pack making machinery | Testing & standardization services | Financing | Insurance

Sector/Size Micro & Small Medium & Large
Auto & Auto Component Industry
  1. Motor components
  2. E-bicycles
  3. E-scooters
  4. E-motorbikes
  5. e-rickshaws
  1. Electric cars
  2. Electric buses
  3. Electric LCVs
  4. Motors & motor controllers
Power, Electrical & Electronics Industry
  1. Battery packs
  2. EV charging station components
  3. EV battery-swapping station components
  4. EV charging station installation
  5. EV battery-swapping station installation
  6. BMS
  7. Analytics software for vehicle users, charging & swapping stations
  1. Motors & motor controllers
  2. Battery cells (or integrated  battery cells & packs)
  3. Motor making machinery
  4. Testing machinery &  equipment for vehicles and components (including batteries)
Other Industry Sectors
  1. EV charging station operations
  2. EV battery swapping operations
  3. EV sales & service
  4. Engineering design for EV ecosystem
  1. Sourcing or owning sources for raw materials (mining/metals industry)
  2. Anode & cathode manufacturing (chemical industry)
  3. Cell making machinery
  4. Pack making machinery
  5. Testing & standardization services
  6. Financing
  7. Insurance

Prominent industry sectors that comprise the “Other Industry Sectors” category would be

Metals & mining Chemicals IT & Software    Finance
Construction Machine & machine tools Oil & gas Logistics & transport
Engineering design firms Testing & validation firms Trading firms  

 This post is part of a series titled “Strategizing for E-mobility Opportunities in India” from EV Next Perspectives. See all posts for this series from here. See next post Vertical integration opportunities in e-mobility sector

The following are the posts in this series:


See what we have to say on the EV Business opportunities: Across Sectors & Businesses | Identify the Right opportunity | Evaluating the Opportunities |


Know more on how EV Next can assist your business in your strategy for the e-mobility and electric vehicles sectors, Here

Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV marketHere


Get to know about 1000+ EV innovations from EVI2: Electric Vehicle Innovation Intelligence from EVNext 


About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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