Electric Car (Four Wheeler): The Desire of Modern Customer

An electric car operates on an electrical motor, rather than an associate degree heat engine that generates power by burning a mixture of fuel and gases. The main distinction between electrical and fossil-fueled cars is that the E-cars will use a range of renewable sources to come up with their electricity. The science behind the electrical automobile is amazingly straightforward. Its principle is the electrical energy that we've got Tesla to convey over a century ago. Well, most of them convert the electrical energy electricity from the batteries into Associate in nursing electrical energy. Since electrical cars don’t have an inside combustion engine like gas-powered vehicles do, they use their area quite otherwise. You’d expect a giant large battery to be within the front underneath the hood, however, it’s utterly completely different in electrical cars. They need seven, 000 lithium-ion batteries that sit underneath the flooring! This battery pack incorporates a longer duration and a better power density– that makes them ideal for powering a vehicle.

Market Overview:

The global electric car market size was evaluated at 2374 thousand components in 2019 and is indicated to notice a CAGR of 40% from 2020 to 2027. The market is navigated by enterprises taken by governments of varied countries to push the production of electrical vehicles. Electric vehicles were mainly designed to switch standard ways of travel as they result in environmental pollution. Electrical vehicles have increased quality as a result of various technological developments. Increasing investments in electric vehicles are evaluated as an important driver for the demand. Some leading companies are investing heavily in their strategy to develop Electric vehicles. Electric cars square measure advantageous over typical vehicles, however, the price of the previous is over gas-powered vehicles. This can be as a result of these cars haven't been mass-created and square measure nevertheless to witness economies of scale. Also, the inconvenience of the infrastructure associated with electrical vehicle growth has been evidenced to be a negative issue that affects the expansion of the electric car market. In line with the instant production of electrical cars needs an enormous investment that conjointly affects the expansion of the market. Lack of charging infrastructure is anticipated to hinder electrical car market growth over the approximate period.

Opportunities:

The business of electrical cars is increasing and corporations square measure launching their electrical cars with many options. Corporations then accomplished that there was no area for electrical cars on the market so that they stopped manufacturing them altogether. Fast-forward to the twenty-first century. We tend to currently have advancements in technology and larger concern for the atmosphere.

The govt. is additionally promoting the assembly of the electrical automobile because for several reasons it's eco-friendly, and also the excellent news is that we’re seeing an enormous movement toward electric-powered vehicles as a technique to tackle fuel emissions and scale back pollution. That the motorcar business features a big selection of consumers over the globe and it is an excellent business to begin. We will see large growth and development during this business within the forecast period 2021-2025.

Conclusion:

Niir Project Consultancy Services (NPCS) has created an outstanding report called " Electric Car (Four Wheeler): The Desire of Modern Customer ". According to the report, you will get information related to consumer expectations and new technology enhancements, and new models. How Electric Cars do are modified to attract customers and shopper profiles within the auto market is evolving from early adopters and fancier purchasers to mass adoption. Important enhancements in technology and a wider form of auto models on provide have stirred shopper purchase choices. So we tend to try to discuss all the mandatory info regarding electrical cars. If you've got any queries associated with this project, contact us on our official NPCS website.

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And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

Good Present/Future Demand
Export-Import Market Potential
Raw Material & Manpower Availability
Project Costs and Payback Period

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Reasons for buying the report:

This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.
This report provides vital information on the product like its definition, characteristics and segmentation.
This report helps you market and place the product correctly by identifying the target customer group of the product.
This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.
The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

The report contains all the data which will help an entrepreneur find answers to questions like:

Why I should invest in this project?
What will drive the growth of the product?
What are the costs involved?
What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product. The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Our Approach:

Our research reports broadly cover Indian markets, present analysis, outlook and forecast.
The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players.
We use reliable sources of information and databases. And information from such sources is processed by us and included in the report.

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
List of Suppliers and Manufacturers

Personnel (Manpower) Requirements

Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

Plant and Machinery

List of Plant & Machinery
Miscellaneous Items
Appliances & Equipments
Laboratory Equipments & Accessories
Electrification
Electric Load & Water
Maintenance Cost
Sources of Plant & Machinery (Suppliers and Manufacturers)

Manufacturing Process and Formulations

Detailed Process of Manufacture with Formulation
Packaging Required
Process Flow Sheet Diagram

Infrastructure and Utilities

Project Location
Requirement of Land Area
Rates of the Land
Built Up Area
Construction Schedule
Plant Layout and Requirement of Utilities

Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR