India Battery Management System (BMS) for Electric Vehicles Market Research Report: By Type (Wired BMS, and Wireless BMS), by Category (High Voltage (Class 2, and Class 3), and Low Voltage Class 1), by Topology (Centralized, Decentralized (Modular, Master-Slave, Distributed)), by Battery Chemistry (Lead-Acid Battery, Lithium-Ion Battery, Nickle Metal Hydride, and Others), By Application (Battery Electric Vehicle, Hybrid Electric Vehicles, and Plug-in Hybrid Vehicle), and by Vehicle Type (Passenger Car, Commercial Vehicle (Light Commercial Vehicle, Trucks, and Buses), Two & Three Wheelers, and Others Market Forecast Till 2032

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 22 2 MARKET INTRODUCTION 25 2.1 DEFINITION 25 2.2 SCOPE OF THE STUDY 25 2.3 RESEARCH OBJECTIVE 25 2.4 MARKET STRUCTURE 26 3 RESEARCH METHODOLOGY 27 3.1 OVERVIEW 27 3.2 DATA FLOW 29 3.2.1 DATA MINING PROCESS 29 3.3 PURCHASED DATABASE: 30 3.4 SECONDARY SOURCES: 31 3.4.1 SECONDARY RESEARCH DATA FLOW: 33 3.5 PRIMARY RESEARCH: 34 3.5.1 PRIMARY RESEARCH DATA FLOW: 35 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED 36 3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 36 3.6.1 REVENUE ANALYSIS APPROACH 36 3.7 DATA FORECASTING 37 3.7.1 DATA FORECASTING TECHNIQUE 37 3.8 DATA MODELING 38 3.8.1 MICROECONOMIC FACTOR ANALYSIS: 38 3.8.2 DATA MODELING: 39 3.9 TEAMS AND ANALYST CONTRIBUTION 40 4 MARKET DYNAMICS 42 4.1 INTRODUCTION 42 4.2 DRIVERS 43 4.2.1 GROWING DEMAND FOR ELECTRIC VEHICLES (EVS) 43 4.2.2 INCREASING GOVERNMENT SUPPORT FOR EVS 43 4.2.3 EMERGING BATTERY CHEMISTRIES AND THEIR INFLUENCE ON BMS DEMAND 45 4.2.4 INTRODUCTION TO PREDICTIVE ALGORITHMS IN BMS 46 4.2.5 EFFORTS BY MARKET PLAYERS TO DRIVE THE MARKET GROWTH 47 4.3 RESTRAINTS 49 4.3.1 HIGH COST OF BMS 49 4.3.2 LACK OF STANDARDIZATION IN BMS 49 4.3.3 IMPACT OF SUPPLY CHAIN ON THE GROWTH OF BMS FOR EVS IN INDIA 49 4.4 OPPORTUNITY 51 4.4.1 DEVELOPMENT OF NEW BMS TECHNOLOGIES, SUCH AS CLOUD BASED BMS AND WIRELESS BMS 51 4.4.2 OPTIMIZATION THROUGH ADVANCED ALGORITHMS AND MACHINE LEARNING 51 4.4.3 SMART EMBEDDED SENSING TECHNOLOGY 52 4.5 CHALLENGES 52 4.5.1 COMPLEXITY OF BMS DESIGN AND INTEGRATION 52 4.5.2 GROWING SOLID-STATE BATTERIES GROWTH TO CHALLENGE BMS GROWTH 53 4.6 MARKET & TECHNOLOGY TRENDS 53 4.6.1 GROWING DEMAND FOR HIGH-VOLTAGE BMS 53 4.6.2 INNOVATIONS IN BMS AND DEMAND FOR WIRELESS BMS 54 4.6.3 INTEGRATION OF ONBOARD CHARGERS AND DC-DC CONVERTERS 55 4.6.4 ROLE OF IOT IN BATTERY MANAGEMENT SYSTEMS 55 4.6.5 FAVORABLE MARKET CONDITIONS FOR NEW ENTRANTS 55 4.7 COVID-19 IMPACT ANALYSIS 56 4.7.1 IMPACT ON THE OVERALL AUTOMOTIVE INDUSTRY 56 4.7.2 IMPACT ON THE OVERALL ELECTRIC VEHICLE INDUSTRY 57 4.7.3 IMPACT ON OVERALL BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES INDUSTRY 58 4.7.4 IMPACT ON SUPPLY CHAIN OF BATTERY MANAGEMENT SYSTEM FOR ELECTRIC VEHICLES 58 4.7.4.1 PRICE VARIATION OF KEY RAW MATERIAL 59 4.7.4.2 PRODUCTION SHUTDOWN 59 4.7.4.3 CASH FLOW CONSTRAINTS 60 4.7.4.4 IMPACT ON IMPORT/EXPORT 60 4.7.5 IMPACT ON MARKET DEMAND OF BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES 60 4.7.5.1 IMPACT DUE TO RESTRICTION/LOCKDOWN 61 4.7.5.2 CONSUMER SENTIMENTS 61 4.7.6 IMPACT ON PRICING OF BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES 61 4.8 IMPACT OF SEMICONDUCTOR SHORTAGE ON BMS MARKET 63 5 MARKET FACTOR ANALYSIS 64 5.1 VALUE CHAIN ANALYSIS 64 5.1.1 RAW MATERIAL 64 5.1.2 COMPONENT MANUFACTURING 64 5.1.3 BMS ASSEMBLY 65 5.1.4 OEMS 65 5.1.5 END-USERS 65 5.2 PORTER'S FIVE FORCES MODEL 66 5.2.1 THREAT OF NEW ENTRANTS 66 5.2.2 BARGAINING POWER OF SUPPLIERS 66 5.2.3 THREAT OF SUBSTITUTES 67 5.2.4 BARGAINING POWER OF BUYERS 67 5.2.5 INTENSITY OF RIVALRY 67 5.3 MARKET SWOT ANALYSIS 68 5.4 MARKET PESTEL ANALYSIS 68 5.4.1 POLITICAL 68 5.4.2 ECONOMIC 68 5.4.3 SOCIAL 69 5.4.4 TECHNOLOGICAL 69 5.4.5 ENVIRONMENTAL 69 5.4.6 LEGAL 69 5.5 REGULATORY/CERTIFICATIONS/LICENSES/STANDARDS OUTLOOK 69 5.6 PATENT OUTLOOK 72 5.7 PRICING TREND ANALYSIS, ($/UNIT) 80 5.8 FUTURE TECHNOLOGICAL ADVANCEMENTS 80 5.9 ESSENTIAL BMS FEATURES/REQUIREMENTS AND BUYING FACTOR FOR OEMS & BATTERY MANUFACTURERS 84 5.9.1 INTRODUCTION 84 5.9.2 SYSTEM REQUIREMENTS 84 5.9.2.1 APPLICATION-SPECIFIC REQUIREMENTS 84 5.9.2.1.1 PASSENGER CARS 84 5.9.2.1.2 COMMERCIAL VEHICLES 85 5.9.2.1.2.1 LIGHT COMMERCIAL VEHICLES (LCVS)- 85 5.9.2.1.2.2 TRUCKS- 85 5.9.2.1.2.3 BUSES- 85 5.9.2.1.3 TWO & THREE-WHEELERS 86 5.9.2.2 REGULATORY AND STANDARDS COMPLIANCE 86 5.9.3 BATTERY SPECIFICATIONS AND OPERATING CONDITIONS 87 5.9.3.1 BATTERY CHEMISTRY 87 5.9.3.2 OPERATING TEMPERATURE RANGE 89 5.9.3.3 CHARGE/DISCHARGE RATES 90 5.9.4 PERFORMANCE REQUIREMENTS 91 5.9.4.1 ACCURACY 91 5.9.4.2 RESPONSE TIME 92 5.9.4.3 ROBUSTNESS 92 5.9.5 BUYING FACTOR 92 5.9.5.1 COST-EFFECTIVENESS 92 5.9.5.2 TECHNICAL CAPABILITIES 92 5.9.5.3 TECHNICAL SUPPORT AND CUSTOMER SERVICE 93 5.9.5.4 OTHERS 93 5.10 UPCOMING REGULATORY DEVELOPMENTS OR POLICY CHANGES AND ITS POTENTIAL IMPACT ON THE ADOPTION OF BMS SOLUTIONS IN THE INDIAN MARKET 93 5.11 OPTIMAL BMS CONFIGURATIONS AND FEATURES FOR THE INDIAN EV MARKET 94 5.11.1 PASSENGER CAR 94 5.11.2 COMMERCIAL VEHICLE 94 5.11.2.1 LIGHT COMMERCIAL VEHICLES (LCVS) 94 5.11.2.2 TRUCKS 95 5.11.2.3 BUSES 95 5.11.3 TWO & THREE-WHEELERS 96 5.11.4 OTHERS 96 5.12 POTENTIAL AREAS FOR PRODUCT INNOVATION OR CUSTOMIZATION TO ADDRESS SPECIFIC MARKET NEEDS OR REGULATORY REQUIREMENTS 97 5.13 ASSESSMENT OF THE CURRENT REGULATORY LANDSCAPE GOVERNING BMS SOLUTIONS IN INDIA 97 5.13.1 STANDARDS 97 5.13.2 CERTIFICATIONS 98 5.13.3 GOVERNMENT INCENTIVES OR MANDATES 98 5.14 USAGE OF DATA COMING FROM BMS SYSTEMS 99 5.14.1 STORAGE SOLUTIONS FOR BMS SYSTEMS DATA 99 5.14.1.1 SD CARD 99 5.14.1.2 CLOUD SOLUTIONS 99 5.14.1.3 OTHER SOLUTIONS 99 5.14.2 BMS SYSTEMS DATA END USERS AND APPLICATIONS 99 5.14.3 BMS SYSTEMS DATA POTENTIAL MONETIZATION MODELS 99 5.14.4 STRATEGY 100 5.14.5 PRODUCT INNOVATION 100 5.14.6 POV OF BATTERY MANUFACTURERS AND OEMS 100 5.15 HARDWARE OF BMS - COST STRUCTURE ($/UNIT) ANALYSIS 101 5.15.1 BATTERY MANAGEMENT SYSTEM (BMS) TOTAL HARDWARE COST 101 5.15.2 BATTERY MANAGEMENT SYSTEM (BMS) HARDWARE COST BREAKDOWN BY COMPONENTS/SUBCOMPONENTS 101 5.15.2.1 BATTERY MANAGEMENT UNIT (BMU) 101 5.15.2.2 BATTERY DISCONNECT UNIT (BDU) AND POWER ELECTRONICS 101 5.15.2.3 INTERFACES BETWEEN ELECTRONIC SYSTEM 102 5.15.2.4 MODULE ELECTRONICS 102 5.16 RAW MATERIAL - HISTORIC PRICE AND FUTURE EVOLUTION 102 5.17 NUMBER OF BMS SYSTEM REQUIREMENTS BY EV TYPE 103 5.18 SOFTWARE AND HARDWARE UPGRADABILITY OF EV BMS 103 5.18.1 SOFTWARE UPGRADABILITY 103 5.18.2 HARDWARE UPGRADABILITY 104 5.18.3 BMS UPGRADABILITY BY APPLICATION 104 5.18.4 COST AND COMPLEXITY ASSOCIATED WITH BMS UPGRADABILITY 105 5.18.5 MARKET SIZING OUTLOOK (USD MILLION) & (UNITS) (2018-2032) 106 5.19 STANDARD BMS SYSTEMS AND NEEDS OF CURRENT COMPANIES 106 5.19.1 OFF-THE-SHELF BMS SYSTEMS 106 5.19.2 BMS CUSTOMIZATION NEEDS OF CURRENT COMPANIES 107 5.19.3 QUALITY AND PRICE REQUIREMENTS 107 5.19.4 SMART VS NON-SMART BMS 108 5.19.5 VOLTAGE SYSTEM NEEDS 109 5.19.6 BATTERY CHEMISTRY AND VARIATIONS 109 5.19.7 NUMBER OF CELLS 109 5.19.8 COMMUNICATION PROTOCOLS 110 5.19.9 OTHER FACTORS 110 5.20 MARKET READINESS FOR THE PRODUCT (BMS SYSTEMS) 110 5.20.1 EV PRODUCTION AND BMS REQUIREMENTS 110 5.20.2 STANDARDIZATION AND REGULATIONS 111 5.20.3 COST SENSITIVITY 111 5.20.4 TECHNICAL EXPERTISE AND REQUIREMENTS 111 5.20.5 OEMS AND BATTERY MANUFACTURERS POV 111 5.20.6 OTHER FACTORS 112 5.21 TYPES OF BATTERY MANAGEMENT SYSTEMS 112 5.22 EXISTING EV PRODUCTION LOCATIONS IN INDIA 113 5.23 IMPORTANCE OF BMS IN ELECTRIC VEHICLES 114 5.24 PRIMARY CHALLENGES OEMS FACE WITH EXISTING BATTERY MANAGEMENT SYSTEMS 114 5.25 IMPORTANCE OF BATTERY PERFORMANCE OPTIMIZATION 115 5.26 INTEGRATION OF IOT IN BMS AND ITS DEMAND 115 5.27 BATTERY MANAGEMENT SYSTEM THAT WITH PREDICTIVE MAINTENANCE CAPABILITIES 116 5.28 GOVERNMENT REGULATIONS AND POLICIES FOR BMS 116 5.29 PREDOMINATING BATTERY CHEMISTRIES 117 5.30 BATTERY CAPACITIES RANGE BASED ON APPLICATIONS 118 5.31 ARRANGEMENT OF CELLS IN BMS 118 5.32 BMS POWER SWITCHING SOLUTIONS 119 5.33 POTENTIAL FOR SWAPPABLE BATTERIES IN INDIA 120 5.34 POTENTIAL FOR HOT SWAP TECHNOLOGY 121 5.35 BMS WITH A COMMON PORT FOR BOTH CHARGING AND DISCHARGING 121 5.36 SWITCHING SUPPLIERS FOR BATTERY MANAGEMENT SYSTEMS 122 6 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TYPE 124 6.1 OVERVIEW 124 6.2 WIRED BMS 125 6.3 WIRELESS BMS 125 7 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY CATEGORY 126 7.1 INTRODUCTION 126 7.2 HIGH VOLTAGE 128 7.2.1 CLASS 2 (≤ 600 VAC AND ≤ 900) 128 7.2.2 CLASS 3 (≤ 1000 VAC AND ≤ 1500 VDC) 129 7.3 LOW VOLTAGE CLASS 1 (≤ 30 VAC AND ≤ 60 VDC) 129 8 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TOPOLOGY 131 8.1 INTRODUCTION 131 8.2 CENTRALIZED 133 8.3 DECENTRALIZED 133 8.3.1 MODULAR 133 8.3.2 MASTER-SLAVE 133 8.3.3 DISTRIBUTED 133 9 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY BATTERY CHEMISTRY 135 9.1 INTRODUCTION 135 9.2 LEAD-ACID BATTERY 136 9.3 LITHIUM-ION BATTERY 137 9.4 NICKEL METAL HYDRIDE 137 9.5 OTHERS 137 10 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY APPLICATION 138 10.1 INTRODUCTION 138 10.2 BATTERY ELECTRIC VEHICLES 139 10.3 HYBRID ELECTRIC VEHICLES 140 10.4 PLUG-IN HYBRID ELECTRIC VEHICLES 140 11 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE 141 11.1 INTRODUCTION 141 11.2 PASSENGER CAR 143 11.3 COMMERCIAL VEHICLE 143 11.3.1 LIGHT COMMERCIAL VEHICLES (LCVS) 143 11.3.2 TRUCKS 144 11.3.3 BUSES 144 11.4 TWO & THREE-WHEELERS 144 11.5 OTHERS 144 12 COMPETITIVE LANDSCAPE (OEMS) 145 12.1 INTRODUCTION 145 12.2 KEY PLAYERS MARKET SHARE ANALYSIS, 2023 (%) BY VALUE (USD MILLION) & VOLUME (UNITS) 146 12.2.1 PASSENGER AND CV SEGMENT 146 12.2.2 TWO AND THREE-WHEELER SEGMENT 147 12.3 KEY PLAYERS YEARLY PRODUCTION CAPACITY AND PRODUCTION 148 12.3.1 KEY PLAYERS YEARLY PRODUCTION CAPACITY AND PRODUCTION 148 12.4 COMPETITOR DASHBOARD 150 12.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 151 12.5.1 PRODUCT LAUNCH & ANNOUNCEMENTS 151 12.5.2 EXPANSION & INVESTMENT 152 13 COMPETITIVE LANDSCAPE (BMS MANUFACTURERS) 153 13.1 INTRODUCTION 153 13.2 COMPETITIVE ADVANTAGE BY KEY BMS PLAYERS 153 13.3 COMPETITOR DASHBOARD 154 13.4 KEY PLAYERS MARKET SHARE ANALYSIS, 2023 (%) BY VALUE (USD MILLION) & VOLUME (UNITS) 155 13.4.1 KEY PLAYERS MARKET SHARE ANALYSIS, 2023 (%) BY VALUE (USD MILLION) 155 13.5 DOMESTIC AND INTERNATIONAL BMS SYSTEMS COMPANIES SUPPLYING TO INDIAN EV MARKET 156 13.5.1 DOMESTIC AND INTERNATIONAL BMS SYSTEMS COMPANIES SUPPLYING TO INDIAN EV MARKET 156 13.6 KEY PLAYERS YEARLY PRODUCTION 157 13.6.1 KEY PLAYERS YEARLY PRODUCTION 157 13.7 KEY DEVELOPMENTS & GROWTH STRATEGIES 158 13.7.1 PARTNERSHIP 158 13.7.2 PRODUCT LAUNCH 158 14 COMPANY PROFILE 160 14.1 MAXWELL INC. 160 14.1.1 COMPANY OVERVIEW 160 14.1.2 FINANCIAL OVERVIEW 161 14.1.3 PRODUCTS OFFERED 161 14.1.4 IMAGE 163 14.1.5 KEY DEVELOPMENTS 164 14.1.6 SWOT ANALYSIS 164 14.1.7 KEY CUSTOMERS 165 14.1.8 KEY STRATEGIES 165 14.2 RENON INDIA PVT LTD. 166 14.2.1 COMPANY OVERVIEW 166 14.2.2 FINANCIAL OVERVIEW 167 14.2.3 PRODUCTS OFFERED 167 14.2.4 IMAGE 167 14.2.5 KEY DEVELOPMENTS 168 14.2.6 SWOT ANALYSIS 169 14.2.7 KEY CUSTOMERS 169 14.2.8 KEY STRATEGIES 169 14.3 AUTOVEN PRIVATE LIMITED 170 14.3.1 COMPANY OVERVIEW 170 14.3.2 FINANCIAL OVERVIEW 170 14.3.3 PRODUCTS OFFERED 171 14.3.4 IMAGE 171 14.3.5 KEY DEVELOPMENTS 171 14.3.6 SWOT ANALYSIS 172 14.3.7 KEY CUSTOMERS 172 14.3.8 KEY STRATEGIES 172 14.4 LITHION POWER 173 14.4.1 COMPANY OVERVIEW 173 14.4.2 FINANCIAL OVERVIEW 174 14.4.3 PRODUCTS OFFERED 174 14.4.4 KEY DEVELOPMENTS 175 14.4.5 SWOT ANALYSIS 175 14.4.6 KEY CUSTOMERS 175 14.4.7 KEY STRATEGIES 175 14.5 ARGUS 176 14.5.1 COMPANY OVERVIEW 176 14.5.2 FINANCIAL OVERVIEW 177 14.5.3 PRODUCTS OFFERED 177 14.5.4 KEY DEVELOPMENTS 177 14.5.5 SWOT ANALYSIS 177 14.5.6 KEY CUSTOMERS 178 14.5.7 KEY STRATEGIES 178 14.6 EVOLUTE 179 14.6.1 COMPANY OVERVIEW 179 14.6.2 FINANCIAL OVERVIEW 180 14.6.3 PRODUCTS OFFERED 180 14.6.4 IMAGE 180 14.6.5 KEY DEVELOPMENTS 181 14.6.6 SWOT ANALYSIS 182 14.6.7 KEY CUSTOMERS 182 14.6.8 KEY STRATEGIES 182 14.7 INVERTED ENERGY PVT LTD 183 14.7.1 COMPANY OVERVIEW 183 14.7.2 FINANCIAL OVERVIEW 183 14.7.3 PRODUCTS OFFERED 184 14.7.4 IMAGE 184 14.7.5 KEY DEVELOPMENTS 185 14.7.6 SWOT ANALYSIS 185 14.7.7 KEY CUSTOMERS 185 14.7.8 KEY STRATEGIES 185 14.8 BATTRIXX 186 14.8.1 COMPANY OVERVIEW 186 14.8.2 FINANCIAL OVERVIEW 186 14.8.3 PRODUCTS OFFERED 187 14.8.4 IMAGE 187 14.8.5 KEY DEVELOPMENTS 188 14.8.6 SWOT ANALYSIS 188 14.8.7 KEY CUSTOMERS 189 14.8.8 KEY STRATEGIES 189 14.9 BACANCY 190 14.9.1 COMPANY OVERVIEW 190 14.9.2 FINANCIAL OVERVIEW 191 14.9.3 PRODUCTS OFFERED 191 14.9.4 IMAGE 191 14.9.5 KEY DEVELOPMENTS 192 14.9.6 SWOT ANALYSIS 193 14.9.7 KEY CUSTOMERS 193 14.9.8 KEY STRATEGIES 193 14.10 REVOGREEN 194 14.10.1 COMPANY OVERVIEW 194 14.10.2 FINANCIAL OVERVIEW 194 14.10.3 PRODUCTS OFFERED 195 14.10.4 IMAGE 195 14.10.5 KEY DEVELOPMENTS 196 14.10.6 SWOT ANALYSIS 196 14.10.7 KEY CUSTOMERS 197 14.10.8 KEY STRATEGIES 197 14.11 DALY BMS 198 14.11.1 COMPANY OVERVIEW 198 14.11.2 FINANCIAL OVERVIEW 198 14.11.3 PRODUCTS OFFERED 198 14.11.4 IMAGE 202 14.11.5 KEY DEVELOPMENTS 203 14.11.6 SWOT ANALYSIS 203 14.11.7 KEY CUSTOMERS 204 14.11.8 KEY STRATEGIES 204 14.12 SENSATA TECHNOLOGIES 205 14.12.1 COMPANY OVERVIEW 205 14.12.2 FINANCIAL OVERVIEW 206 14.12.3 PRODUCTS OFFERED 206 14.12.4 IMAGE 209 14.12.5 KEY DEVELOPMENTS 210 14.12.6 SWOT ANALYSIS 211 14.12.7 KEY CUSTOMERS 211 14.12.8 KEY STRATEGIES 211 14.13 ROBERT BOSCH 212 14.13.1 COMPANY OVERVIEW 212 14.13.2 FINANCIAL OVERVIEW 213 14.13.3 PRODUCTS OFFERED 213 14.13.4 IMAGE 214 14.13.5 KEY DEVELOPMENTS 214 14.13.6 SWOT ANALYSIS 214 14.13.7 KEY CUSTOMERS 215 14.13.8 KEY STRATEGIES 215 14.14 AEIDTH TECHNOLOGIES 216 14.14.1 COMPANY OVERVIEW 216 14.14.2 FINANCIAL OVERVIEW 216 14.14.3 PRODUCTS OFFERED 216 14.14.4 IMAGE 218 14.14.5 KEY DEVELOPMENTS 219 14.14.6 SWOT ANALYSIS 219 14.14.7 KEY CUSTOMERS 219 14.14.8 KEY STRATEGIES 219 14.15 WEBBER ELECTROCORP 220 14.15.1 COMPANY OVERVIEW 220 14.15.2 FINANCIAL OVERVIEW 220 14.15.3 PRODUCTS OFFERED 220 14.15.4 IMAGE 221 14.15.5 KEY DEVELOPMENTS 221 14.15.6 SWOT ANALYSIS 221 14.15.7 KEY CUSTOMERS 222 14.15.8 KEY STRATEGIES 222 15 MRFR ANALYST RECOMMENDATIONS 223 15.1 EXPANSION STRATEGIES 223 15.2 PRICING STRATEGIES 223 15.3 MARKET POSITIONING STRATEGIES 223 15.4 INVESTMENT STRATEGIES 224 15.5 EV AND BATTERY MANUFACTURERS NEEDS AND PAIN POINTS 224 15.6 TOP PERFORMING MARKET SEGMENTS AND MARKET ENTRY OR EXPANSION EFFORTS 224 15.7 TECHNOLOGY REQUIREMENTS/DEMAND 225 15.8 MARKET POTENTIAL 225 15.9 MARKET COMPETITION 225 15.10 MANUFACTURING & INNOVATION 226 15.11 CHANNELS & PARTNERSHIPS 226 15.12 REGULATORY LANDSCAPE 226 15.13 ADJACENT MARKETS 227 15.14 MARKETING & BRANDING 227 15.15 PROFITABILITY 228

LIST OF TABLES TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 39 TABLE 2 STATE-WISE POLICIES 44 TABLE 3 COMPARISON OF LFP WITH NMC IN THE INDIAN MARKET 46 TABLE 4 THE TABLE BELOW ILLUSTRATES THE SPECIFIC EFFORTS MADE BY EV OEMS: 47 TABLE 5 OEMS STEEP DECLINE IN MARCH SALES 2019 VS 2020 56 TABLE 6 REGULATORY/CERTIFICATIONS/LICENSES/STANDARDS OUTLOOK 69 TABLE 7 PATENT OUTLOOK 72 TABLE 8 PRICING TREND ANALYSIS, ($/UNIT) 80 TABLE 9 PERMISSIBLE CHARGE AND DISCHARGE TEMPERATURES OF COMMON RECHARGEABLE BATTERIES. THE TABLE EXCLUDES SPECIALTY BATTERIES THAT ARE DESIGNED TO CHARGE OUTSIDE THESE PARAMETERS 90 TABLE 10 MARKET SIZING OUTLOOK (USD MILLION) (UNITS) (2018-2032) 106 TABLE 11 TYPES OF BATTERY MANAGEMENT SYSTEMS IN A TABLE: 112 TABLE 12 EXISTING EV PRODUCTION LOCATIONS IN INDIA 113 TABLE 13 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TYPE, 2018-2032 (USD MILLION) 124 TABLE 14 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TYPE, 2018-2032 (UNITS) 124 TABLE 15 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY CATEGORY, 2018-2032 (USD MILLION) 126 TABLE 16 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY CATEGORY, 2018-2032 (UNITS) 127 TABLE 17 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY HIGH VOLTAGE, 2018-2032 (USD MILLION) 127 TABLE 18 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY HIGH VOLTAGE, 2018-2032 (UNITS) 127 TABLE 19 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TOPOLOGY, 2018-2032 (USD MILLION) 131 TABLE 20 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TOPOLOGY, 2018-2032 (UNITS) 131 TABLE 21 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY DECENTRALIZED, 2018-2032 (USD MILLION) 132 TABLE 22 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY DECENTRALIZED, 2018-2032 (UNITS) 132 TABLE 23 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY BATTERY CHEMISTRY, 2018-2032 (USD MILLION) 135 TABLE 24 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY BATTERY CHEMISTRY, 2018-2032 (UNITS) 136 TABLE 25 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 138 TABLE 26 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY APPLICATION, 2018-2032 (UNITS) 139 TABLE 27 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, 2018-2032 (USD MILLION) 141 TABLE 28 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, 2018-2032 (UNITS) 141 TABLE 29 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY COMMERCIAL VEHICLE, 2018-2032 (USD MILLION) 142 TABLE 30 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY COMMERCIAL VEHICLE, 2018-2032 (UNITS) 142 TABLE 31 PASSENGER VEHICLE SEGMENT (VALUE) 146 TABLE 32 PASSENGER VEHICLE SEGMENT (VOLUME) 146 TABLE 33 COMMERICAL VEHICLE SEGMENT (VALUE) 146 TABLE 34 COMMERICAL VEHICLE SEGMENT (VOLUME) 147 TABLE 35 TWO-WHEELER SEGMENT (VALUE) 147 TABLE 36 TWO-WHEELER SEGMENT (VOLUME) 147 TABLE 37 THREE-WHEELER SEGMENT (VALUE) 148 TABLE 38 THREE-WHEELER SEGMENT (VOLUME) 148 TABLE 39 KEY PLAYERS YEARLY PRODUCTION CAPACITY 148 TABLE 40 KEY PLAYERS YEARLY PRODUCTION 149 TABLE 41 PRODUCT LAUNCH & ANNONCEMENTS 151 TABLE 42 EXPANSION & INVESTMENT 152 TABLE 43 KEY PLAYERS MARKET SHARE ANALYSIS, 2023 (%) BY VALUE (USD MILLION) 155 TABLE 44 KEY PLAYERS MARKET SHARE ANALYSIS, 2023 (%) BY VOLUME (UNITS) 155 TABLE 45 DOMESTIC AND INTERNATIONAL BMS SYSTEMS COMPANIES SUPPLYING TO INDIAN EV MARKET 156 TABLE 46 KEY PLAYERS YEARLY PRODUCTION CAPACITY AND PRODUCTION 157 TABLE 47 PARTNERSHIP 158 TABLE 48 PRODUCT LAUNCH 158 TABLE 49 MAXWELL INC.: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 161 TABLE 50 MAXWELL INC.: KEY DEVELOPMENTS 164 TABLE 51 RENON INDIA PVT LTD.: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 167 TABLE 52 AUTOVEN PRIVATE LIMITED: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 171 TABLE 53 LITHION POWER: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 174 TABLE 54 ARGUS: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 177 TABLE 55 EVOLUTE: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 180 TABLE 56 INVERTED ENERGY PVT LTD: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 184 TABLE 57 BATTRIXX: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 187 TABLE 58 BACANCY: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 191 TABLE 59 REVOGREEN: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 195 TABLE 60 DALY BMS: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 198 TABLE 61 DALY BMS: KEY DEVELOPMENTS 203 TABLE 62 SENSATA TECHNOLOGIES: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 206 TABLE 63 SENSATA TECHNOLOGIES: KEY DEVELOPMENTS 210 TABLE 64 ROBERT BOSCH: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 213 TABLE 65 AEIDTH TECHNOLOGIES: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 216 TABLE 66 WEBBER ELECTROCORP: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 220 LIST OF FIGURES FIGURE 1 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET: STRUCTURE 26 FIGURE 2 INDIA BATTERY MANAGEMENT SYSTEM (BMS) MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032) 42 FIGURE 3 DRIVER IMPACT ANALYSIS (2022-2032) 48 FIGURE 4 RESTRAINT IMPACT ANALYSIS (2022-2032) 50 FIGURE 5 Y-O-Y ELECTRIC VEHICLE SALES TREND 62 FIGURE 6 SALES TREND BY VEHICLE CATEGORY 62 FIGURE 7 VALUE CHAIN: INDIA BATTERY MANAGEMENT SYSTEM (BMS) MARKET 64 FIGURE 8 PORTER'S FIVE FORCES ANALYSIS OF THE INDIA BATTERY MANAGEMENT SYSTEM (BMS) MARKET 66 FIGURE 9 BATTERY MANAGEMENT SYSTEM (BMS): SWOT ANALYSIS 68 FIGURE 10 BATTERY CHEMISTRIES & THEIR PERFORMANCE 88 FIGURE 11 EXISTING CAPACITIES OF KEY LIB BATTERY PACK MANUFACTURERS 89 FIGURE 12 MCU MARKET HISTORY & FORECAST 102 FIGURE 13 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TYPE, 2023 & 2032 (USD MILLION) 124 FIGURE 14 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TYPE, 2023 (% SHARE) 125 FIGURE 15 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY CATEGORY, 2023 & 2032 (USD MILLION) 126 FIGURE 16 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY CATEGORY, 2023 (% SHARE) 128 FIGURE 17 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TOPOLOGY, 2023 & 2032 (USD MILLION) 131 FIGURE 18 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY TOPOLOGY, 2023 (% SHARE) 132 FIGURE 19 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY BATTERY CHEMISTRY, 2023 & 2032 (USD MILLION) 135 FIGURE 20 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY BATTERY CHEMISTRY, 2023 (% SHARE) 136 FIGURE 21 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY APPLICATION, 2023 & 2032 (USD MILLION) 138 FIGURE 22 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY APPLICATION, 2023 (% SHARE) 139 FIGURE 23 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, 2023 & 2032 (USD MILLION) 141 FIGURE 24 INDIA BATTERY MANAGEMENT SYSTEM (BMS) FOR ELECTRIC VEHICLES MARKET, BY VEHICLE TYPE, 2023 (% SHARE) 143 FIGURE 25 COMPETITOR DASHBOARD: INDIA BATTERY MANAGEMENT SYSTEM (BMS) MARKET 150 FIGURE 26 COMPETITOR DASHBOARD: INDIA BATTERY MANAGEMENT SYSTEM (BMS) MARKET 154 THIS IS A PRIVATELY HELD COMPANY. THUS, FINANCIAL REPORTS ARE NOT AVAILABLE ON PUBLIC DOMAIN. 161 FIGURE 27 MAXWELL INC.: BMS IMAGE 163 FIGURE 28 MAXWELL INC.: SWOT ANALYSIS 164 THIS IS A PRIVATELY HELD COMPANY. THUS, FINANCIAL REPORTS ARE NOT AVAILABLE ON PUBLIC DOMAIN. 167 FIGURE 29 RENON INDIA PVT LTD.: BMS IMAGE 167 FIGURE 30 RENON INDIA PVT LTD.: SWOT ANALYSIS 169 FIGURE 31 AUTOVEN PRIVATE LIMITED: BMS IMAGE 171 FIGURE 32 AUTOVEN PRIVATE LIMITED: SWOT ANALYSIS 172 FIGURE 33 LITHION POWER: SWOT ANALYSIS 175 FIGURE 34 ARGUS: SWOT ANALYSIS 177 FIGURE 35 EVOLUTE: BMS IMAGE 180 FIGURE 36 EVOLUTE: SWOT ANALYSIS 182 FIGURE 37 INVERTED ENERGY PVT LTD: BMS IMAGE 184 FIGURE 38 INVERTED ENERGY PVT LTD: SWOT ANALYSIS 185 FIGURE 39 BATTRIXX: BMS IMAGE 187 FIGURE 40 BATTRIXX: SWOT ANALYSIS 188 FIGURE 41 BACANCY: BMS IMAGE 191 FIGURE 42 BACANCY: SWOT ANALYSIS 193 FIGURE 43 REVOGREEN: BMS IMAGE 195 FIGURE 44 REVOGREEN: SWOT ANALYSIS 196 THIS IS A PRIVATELY HELD COMPANY. THUS, FINANCIAL REPORTS ARE NOT AVAILABLE ON PUBLIC DOMAIN. 198 FIGURE 45 DALY BMS: BMS IMAGE 202 FIGURE 46 DALY BMS: SWOT ANALYSIS 203 FIGURE 47 SENSATA TECHNOLOGIES: FINANCIAL OVERVIEW SNAPSHOT 206 FIGURE 48 SENSATA TECHNOLOGIES: BMS IMAGE 209 FIGURE 49 SENSATA TECHNOLOGIES: SWOT ANALYSIS 211 FIGURE 50 ROBERT BOSCH: FINANCIAL OVERVIEW SNAPSHOT 213 FIGURE 51 ROBERT BOSCH: BMS IMAGE 214 FIGURE 52 ROBERT BOSCH: SWOT ANALYSIS 214 FIGURE 53 AEIDTH TECHNOLOGIES: BMS IMAGE 218 FIGURE 54 AEIDTH TECHNOLOGIES: SWOT ANALYSIS 219 FIGURE 55 WEBBER ELECTROCORP: BMS IMAGE 221 FIGURE 56 WEBBER ELECTROCORP: SWOT ANALYSIS 221