Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On
9 months, 3 weeks ago

Can Subscription-Based Models Boost Growth Of Electric Vehicles Market In India? Read On

News 18  

The Indian auto market has witnessed a significant emergence of electric vehicles over the past year. According to research by consultancy agency Brain & Company, electric vehicles hold a five percent share of the total car sales in the Indian market between October 2022 and September 2023. The study further noted that electric two-wheelers accounted for nearly 90 percent of EV sales in India, while the numbers are quite low in the passenger segment. If the Indian automakers start to launch more subscription-based EV models, they will likely be able to attract more customers as it doesn’t demand the entire cost of the car to offer ownership.

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