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t is a part of EV Next’s EV Perspectives.
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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 EV opportunities for different industry sectors and businesses
Introduction
The Indian EV and e-mobility sectors are growing at a rapid pace and drawing significant investor and corporate interest.
In addition to standalone business opportunities, such investors and corporates (especially the medium and large ones among them) could also consider opportunities that have some degree of vertical integration.
This post reviews and analyses the vertical integration opportunities emerging in the Indian e-mobility sector.
Vertical integration opportunities
Many companies, especially medium and large ones, could eye vertically integrated investment strategies for the e-mobility sector. Preliminary evaluation for such vertical integration possibilities can be done using the analyses of EV value chain components and the strategy action framework, but with an extra layer of analysis added to evaluate the effect of integration.
There are many feasible combinations for such vertical integration. The following table lists some, for illustrative purposes.
| Feasible Vertical Integrations across Components | Degree of vertical integration | Relevance for Indian companies in short and medium terms |
| Raw materials + Sub-components + Battery Cells + Battery packs | High | Low-Moderate |
| Sub-components + Battery cells + Battery packs | High | High |
| Sub-components + Battery cells | Moderate | High |
| Battery cells + Battery packs | Moderate | High |
| Battery packs + Motor components + Motors | Moderate | High |
| Motor components + Motors + Automobiles | Moderate | High |
| Battery packs + Motors + Motor components + Automobiles | Moderate | High |
| Battery cell making machinery + Battery pack making machinery | Low | Moderate |
| Components for EV charging infrastructure + EV charging infrastructure assembly + EV charging infrastructure installation | Moderate | High |
| Components for EV charging infrastructure + EV charging infrastructure assembly | Low-Moderate | High |
| Automobiles + EV charging infrastructure O&M | Low-Moderate | High |
| Components for EV battery swapping infrastructure + EV battery swapping infrastructure assembly | Low-Moderate | High |
| Automobiles + EV battery swapping infrastructure O&M | Low-Moderate | High |
| EV charging infrastructure O&M + EV swapping infrastructure O&M | Low | High |
| EV sales & marketing + EV charging & swapping infrastructure O&M | Low-Moderate | High |
Vertical integration possibilities
What we have listed above are some of the more feasible integrated opportunities. There could, of course, be a select few others.
What combination is optimal for you depend on a whole host of factors – part of which depends on the market itself, and the other part on what your company brings to the table. There’s the time dimension as well – you may want to start with one opportunity with an eye to integrating upstream or downstream down the line.
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 E-mobility – Steps to Identify the Right Opportunity
The following are the posts in this series:
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 market. Here
Get to know about 1000+ EV innovations from EVI2: EV Innovation Intelligence from EVNext
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