A Comparative Study of Two Indian Automobile Giants: Future of Electric Vehicle (EV) for sustainable in India

Autor: Singh, Prashant Raj, Raghuwanshi, Sandeep, Patel, Vinod Kumar
Rok vydání: 2022
Předmět:
DOI: 10.5281/zenodo.7096455
Popis: In 2021, global electric vehicle (EV) sales reached 6,75 million units, a 108 percent increase over 2020. Passenger automobiles, light trucks, and light commercial vehicles are all included in this volume. As a result of the emergence of electronic portability, the Indian automotive sector is witnessing a significant upheaval. India purchases roughly 25 million vehicles every year (including bikes). India will spend up to $65 billion per year to make transportation totally electric by bringing in batteries, microcontrollers, engines, and the metals that account for 60 percent of a vehicle's cost. When compared to their gasoline-powered equivalents, electric vehicles have reduced operating and maintenance expenses, are better for the environment, and deliver cheaper total prices. The researchers in this study will look into Tata Motors and Maruti Suzuki, two of India's leading automobile manufacturers, to forecast the arrival of electric cars (EVs) in the Indian car market. Employ company ratios and the t test to examine the comparison inquiry. According to the results, Maruti Suzuki has expanded quicker than Tata Motors.
Databáze: OpenAIRE