India - Hydrogen tank for automotive or commercial Vehicle application
This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.
Details
- Opportunity closing date
- 01 August 2024
- Opportunity publication date
- 06 June 2024
- Opportunity type
-
- Industry
- Automotive, Advanced engineering, Energy
- Enquiries received
- 2
- Value of contract
- £1m-5m
- Your guide to exporting
Description
The automotive industry in India is categorised into internal combustion engine (ICE) and electric vehicles (EVs). ICE currently dominates the market, although EVs have shown steady growth since 2019, particularly in the two and three-wheeler segments. The Government of India (GOI) is exploring the use of hydrogen-power vehicles through the national green hydrogen mission policy (NGHMP), as a potential third alternative. The GOI approved the policy in January 2022 to promote renewable energy use in all economic sectors central to India’s energy transition.
Recent data shows that India’s commercial vehicle (CV) in light commercial vehicle (LCV) and heavy commercial vehicle (HCV) segments are expected to grow 10 to 12% and 6 to 8% by 2028.
- Opportunity closing date
- 01 August 2024
- Value of contract
- £1m-5m
- The buyer is happy to talk to
- manufacturers
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