INTRODUCTION – The electric vehicle (EV) market in India has seen significant growth in recent years, driven by increasing environmental awareness, government initiatives, and technological advancements. As India moves towards a more sustainable future, major players in the EV market are positioning themselves to capture a growing customer base. This report focuses on four key brands in the Indian EV sector—Tata Motors, Ather Energy, Ola Electric, and Mahindra—each of which has made substantial contributions to the industry.
AUTHOR – Bhavya Paliwal
OBJECTIVE – Comparison of 4 EV (Electronic Vehicle) Brands
DATA COLLECTION – To gather relevant data, a survey was done in a class of finance on a scale of 10. Participants rated each EV brand on a scale of 1 to 10, allowing us to capture their opinions and ratings related to 4 EV brand. The collected data was then analysed to assess differences in ratings among the four brands, providing insights into their relative strengths and areas for customer preference.
DATA ANALYSIS –
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Anova: Single Factor |
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SUMMARY |
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Groups |
Count |
Sum |
Average |
Variance |
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TATA MOTORS |
25 |
129 |
5.16 |
9.223333 |
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OLA ELECTRIC |
25 |
133 |
5.32 |
12.14333 |
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ATHER ENERGY |
25 |
161 |
6.44 |
7.256667 |
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MAHINDRA ELEC. |
25 |
136 |
5.44 |
10.34 |
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ANOVA |
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Source of Variation |
SS |
df |
MS |
F |
P-value |
F crit |
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Between Groups |
25.07 |
3 |
8.356667 |
0.857901 |
0.465798 |
2.699393 |
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Within Groups |
935.12 |
96 |
9.740833 |
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Total |
960.19 |
99 |
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CONCLUSION-
As the P-value of the hypothesis is 0.465798 is more than 0.05 we accept the null hypothesis meaning all are same. Based on the ANOVA results, there is sufficient evidence to conclude that there are significant differences in customer preference scores among the four EV brand. There is no statistically significant difference between the average values of TATA Motors, Ola electric, Ather Energy , Mahindra Electric .The p-value (0.5294) is much higher than the typical threshold of 0.05, meaning the differences in their averages could very likely be due to random chance.