
The most common type of vehicles found on the road, the passenger cars segment is projected to gain nearly 3400 basis points between 2017 and 2025, expanding at a CAGR of 90.7% over the forecast period. The passenger cars segment is expected to create total incremental $ opportunity worth US$ 7,255,686 ('000) between 2017 and 2025. This segment is expected to dominate the India electric vehicles market, with more than 40% market revenue share in 2017. The segment is expected to increase by 174X in terms of value, and is predicted to be the most attractive segment in the India electric vehicles market during the forecast period.