India has potential to become global leader in EV production: Research
2 years, 1 month ago

India has potential to become global leader in EV production: Research

Hindustan Times  

India has the potential to become a global leader in the production of electric vehicles, a recent research stated. Recent research has said that India has the potential to become a global leader in the production of electric vehicles. The research titled "Freight Trucks in India are Primed for Electrification" carried out by the Berkeley National Laboratory and UCLA last month said that India can create a thriving domestic electric vehicle industry over the next decade or so. The research finds that battery electric trucks, once mature, could have a lower cost of ownership than diesel trucks across multiple weight classes and they also mitigate fuel price volatility, an issue endemic to diesel trucking. “Simple calculations suggest that, at the current average grid emissions intensity for India, BETs reduce the greenhouse gas intensity of freight by 9% to 35% across different classes of trucks when compared to diesel in addition to eliminating air pollution along highways and congested areas.” Nikit Abhyankar, Berkeley Lab research scientist, and author of the above report said that electric trucks would be instrumental in “enhancing India’s energy security and reducing the goods transport cost,” news agency PTI reported.

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History of this topic

Electric vehicle sales charged up this year, and not just because of subsidies
1 day, 17 hours ago

Electric vehicle sales charged up this year, and not just because of subsidies

Live Mint  

New Delhi: The number of fossil fuel-based vehicles sold for every electric vehicle in the two-wheeler and light motor vehicle categories has fallen in 2024, compared with last year, a positive indicator for the EV ecosystem in the country. This marks a sharp decline from 2023's 18.43 petrol two-wheelers sold per electric two-wheeler sale, with 15.85 million petrol bikes and …

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs
5 days, 18 hours ago

Indian EV market likely to touch Rs 20 lakh crore by 2030, will create THIS many jobs

India TV News  

Union minister Nitin Gadkari today said the Indian electric vehicle market potential is likely to touch Rs 20 lakh crore and it will create around 5 crore jobs across the entire EV ecosystem by 2030. Addressing the '8th Catalyst Conference on Sustainability of E-Vehicle Industry - Evexpo 2024', Gadkari said the estimated electric vehicles finance market size will be around …

Demystifying climate benefits of EV transition in India
2 weeks, 4 days ago

Demystifying climate benefits of EV transition in India

Hindustan Times  

Battery-driven electric vehicles hold promise for decarbonising India’s rapidly growing road transport sector. Overlooking the dynamics of the grid electricity supply: Assuming a static national average grid electricity carbon dioxide emission factor disregards the fluctuating nature of India’s electricity supply mix. When factoring in the annual average carbon emission factor of India’s grid electricity at present, the emissions advantage of …

India to expand EV policy for other automakers after Tesla doesn't turn up: Report
3 weeks, 4 days ago

India to expand EV policy for other automakers after Tesla doesn't turn up: Report

Hindustan Times  

The Centre is planning to expand its electric vehicle policy to also include automakers who currently manufacture, instead of just limiting it to ones willing to enter and build new plants, Reuters reported. A view of Tesla logo at an electric vehicle charging station between Los Angeles and Las Vegas in Baker, California, U.S., November 19, 2024 According to the …

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO
1 month ago

Centre will electrify its own fleet, states should follow example, says Tarun Kapoor, adviser in the PMO

Live Mint  

New Delhi: The Union government is planning to use electric vehicles for its operations, and will urge states to follow suit, Tarun Kapoor, adviser in the Prime Minister's Office said on Tuesday. States will be incentivized to electrify their government fleets through interest-free loans from the Centre, Kapoor told the EV industry at the FICCI National Conference on Electric Vehicles …

‘Marathon not a sprint’: Audi India head on EV adoption
1 month, 1 week ago

‘Marathon not a sprint’: Audi India head on EV adoption

Live Mint  

The slowdown in electric vehicle sales is temporary and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies. In countries with high EV penetration like Norway and Iceland, strong charging networks and consistent government policies have helped, Dhillon said. Sparse charging network A sparse …

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers
1 month, 1 week ago

GoI planning to revisit EV policy, in a bid to attract Tesla, other international automakers

Firstpost  

Under the current Scheme to Promote Manufacturing of Electric Passenger Cars in India, companies can import electric vehicles at reduced customs duties if they commit to certain investment and localisation targets Currently, eligible companies are allowed to import EVs costing $35,000 or more at a reduced customs duty rate of 15 per cent, compared to much higher regular rates. Image …

Make shared mobility part of sustainability discussions
1 month, 2 weeks ago

Make shared mobility part of sustainability discussions

Hindustan Times  

The recent announcement of the PM E-drive scheme marks a step towards sustainable mobility in the country. Their efforts to increase EV adoption started in 2015, when, owing to an increase in vehicular emissions, the central government launched the Faster Adoption and Manufacturing of Electric Vehicles in India 1 Scheme to reduce pollution caused by diesel and petrol-operated vehicles and …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
1 month, 2 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

Mapping the Electric Landscape: A Deep Dive into India's EV Growth
2 months ago

Mapping the Electric Landscape: A Deep Dive into India's EV Growth

Hindustan Times  

India's electric vehicle landscape is undergoing a crucial transition, with the government implementing various initiatives to encourage EV adoption. The focus on incentivising battery electric vehicles (BEVs) and expanding charging infrastructure has provided much-needed momentum. However, there are significant disparities in EV infrastructure across the country, with some states lagging behind. The Delhi EV Policy offers substantial incentives for purchasing …

Electric Tractors: A Sustainable Solution for Modernizing Indian Agriculture
2 months, 1 week ago

Electric Tractors: A Sustainable Solution for Modernizing Indian Agriculture

News 18  

The article highlights the transformative potential of electric tractors in India's agricultural sector. By reducing carbon emissions and noise pollution, electric tractors align with India's clean energy and sustainability goals. The article emphasizes the economic benefits of electric tractors, including lower fuel costs, maintenance expenses, and precision farming capabilities. However, challenges such as limited infrastructure for charging and initial purchase …

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
2 months, 1 week ago

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Bridging the Gender Gap in India's Green Revolution: A Focus on Women's Empowerment
2 months, 1 week ago

Bridging the Gender Gap in India's Green Revolution: A Focus on Women's Empowerment

Firstpost  

The article highlights the critical need to address the gender gap in India's green energy and electric vehicle (EV) sectors. It emphasizes that increasing women's participation is not only a matter of social equity but also an economic imperative for driving innovation and growth in these critical industries. The government's focus on increasing women's workforce participation through skill development, financial …

Acceptability of new energy vehicles set to rise by end of decade: Survey
3 months ago

Acceptability of new energy vehicles set to rise by end of decade: Survey

New Indian Express  

NEW DELHI: Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles as the only option when considering a purchase by 2030, according to a survey. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

GTRI flags concern against India of becoming 'EV colony' for China
3 months, 2 weeks ago

GTRI flags concern against India of becoming 'EV colony' for China

Business Standard  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. It also said the global EV market is undergoing a seismic shift, driven by the US, EU, and Canada imposing high tariffs and restrictions on imports of …

India set the international best practice for driving the electrification of buses: Drew Kodjak
3 months, 3 weeks ago

India set the international best practice for driving the electrification of buses: Drew Kodjak

Hindustan Times  

The transition from fossil-fuelled vehicles to battery-powered EVs is a complex process that involves prioritising an auto segment that cuts emissions the most, formulating regulatory frameworks and incentives, ensuring economic viability and a just transition, providing adequate infrastructure to run these zero-emission vehicles, and generating green jobs and propelling economic growth in the process. India is considering a suite of …

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels
3 months, 3 weeks ago

Mint Sustainability Summit: EV adoption in India faces inadequate charging facilities, emergence of alternative fuels

Live Mint  

New Delhi: The slow adoption of electric vehicles in India stems from the incessant need to find alternative fuels and the lack of adequate charging infrastructure in the country, according to industry leaders who spoke at the Mint Sustainability Summit 2024 on Tuesday. Subsidies not the answer However, Aanchal Jain, CEO of PMI Electro Mobility Solutions, a global technology company …

India set the international best practice for driving electrification of buses: ICCT
3 months, 3 weeks ago

India set the international best practice for driving electrification of buses: ICCT

Hindustan Times  

The transition from fossil-fuelled vehicles to battery-powered EVs is a complex process that involves prioritising an auto segment that cuts emissions the most, formulating regulatory frameworks and incentives, ensuring economic viability and a just transition, providing adequate infrastructure to run these zero-emission vehicles, and generating green jobs and propelling economic growth in the process. Kodjak said India has one of …

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed
4 months, 1 week ago

Indians wanting their money back for undelivered Teslas shows how drastically the EV market changed

Associated Press  

HANOI, Vietnam — In April 2016, Elon Musk invited Indians to preorder the upcoming Tesla Model 3. To woo automakers like Tesla while also protecting domestic carmakers like Mahindra and Maruti Suzuki, India reduced its import duties to 15% from 70%-100% in March 2024 for EVs cheaper than $35,000 — as long the automaker commits to building a factory in …

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom
4 months, 3 weeks ago

Invest in India’s Future: Groww Unveils Auto EV Index NFO Amidst India’s EV Boom

Live Mint  

In June, equity mutual funds inflows stood at a record ₹40,608 crore, while SIPs hit ₹21,262 crore. Given the growing trend of sector-based investing, Groww Mutual Fund has launched the Groww Nifty EV & New Age Automotive ETF FOF. Groww Nifty EV & New Age Automotive ETF FOF invests in the EV sector through other mutual funds that invest in …

Union Budget 2024 Expectations: Keep increasing road-infra spending, frame policies to promote electrification
5 months, 1 week ago

Union Budget 2024 Expectations: Keep increasing road-infra spending, frame policies to promote electrification

The Hindu  

The growth of the automotive industry in India has happened because of the excellent road infrastructure which has been created during the last couple of years. This time from the Union Budget we would expect not only continuity in infrastructure spending but also increased spending on road infrastructure because there exists a lot of head-room for improvement for the industry …

The way forward for investments in the EV space | Explained
5 months, 1 week ago

The way forward for investments in the EV space | Explained

The Hindu  

The story so far: According to media reports, the government is looking to expand the scope of its electric vehicle policy, announced in March, to include a retrospective effect. The policy announced in March aimed to provide Indian consumers with access to the latest technology and strengthen the EV ecosystem by encouraging healthy competition among EV players by attaining higher …

Urban Agenda | Decarbonising Freights
5 months, 4 weeks ago

Urban Agenda | Decarbonising Freights

Hindustan Times  

Poor air quality in Indian cities is a major health hazard with studies estimating that the lifespan of Delhiites is shortened by as much as 12 years as a result. Similarly, Pawan Mulukutla, executive program director, integrated transport, clean air and hydrogen at WRI India, said that currently there is a lack of know-how about how electric trucks and other …

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast
6 months ago

Should EVs and Hybrids be treated equally for government subsidies? | The Hindu parley podcast

The Hindu  

India’s road transport sector contributes about 12% to the country’s CO2 emissions, according to the International Energy Agency, making it the third most greenhouse gas emitting sector after energy and agriculture. The Union government has been attempting to fast track decarbonising transport for almost a decade with the introduction of the Faster Adoption and Manufacture of Hybrid and Electric Vehicles, …

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds
6 months, 3 weeks ago

Electric heavy-duty vehicles unlock pathway for significant reduction of GHGs in India, study finds

Hindustan Times  

The increased adoption of electric vehicles across two, three, and four-wheeler segments in India, driven by government schemes, is transforming the country's transportation sector. GHG emissions reduction scenario for HDVs by 2030 The ICCT study modelled future changes in India’s electricity grid using projections from the International Energy Agency scenarios. Meanwhile, for the categorisation under powertrain and fuel type, in …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
8 months ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Tesla scouts for its first India showroom locations
8 months, 1 week ago

Tesla scouts for its first India showroom locations

The Hindu  

U.S. electric carmaker Tesla is looking at potential showroom locations in New Delhi and Mumbai ahead of plans to begin sales in India later this year, two people familiar with the discussions said. India last month cut electric vehicle import taxes to 15% from as much as 100% for automakers that invest at least $500 million and set up a …

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report
8 months, 1 week ago

Tesla on Tamil Nadu's radar ahead of Elon Musk's India visit: Report

India Today  

The Tamil Nadu government is set to aggressively market the state as a potential manufacturing site for global electric vehicles giant Tesla ahead of Elon Musk’s visit to India, reported Bloomberg News. Tamil Nadu’s Minister for Industries, Investment Promotion & Commerce TRB Rajaa told the publication that the state “will be pitching for all opportunities of electric vehicle manufacturing from …

Tesla begins hunt for sites to build car factory in India: Report
8 months, 3 weeks ago

Tesla begins hunt for sites to build car factory in India: Report

India Today  

Tesla is looking to set up a big factory in India and is sending over a team to scout for possible locations, reported The Financial Times. Last month, India decided to lower the taxes on some electric cars made by companies that agree to invest at least Rs 3,700 crore and start making cars in India within three years. But …

Hybrid cars can act as a bridge to carbon-free mobility
8 months, 3 weeks ago

Hybrid cars can act as a bridge to carbon-free mobility

Live Mint  

For all the policy promotion of electric vehicles, their sales figures in India have been a disappointment as far as four-wheelers go. This may explain why transport minister Nitin Gadkari has sent a proposal to the finance ministry, as reported, to place hybrids in the same 5% GST bracket as EVs. It may be time, however, to incentivize hybrids too …

DC Edit | A smart electric vehicle policy!
9 months ago

DC Edit | A smart electric vehicle policy!

Deccan Chronicle  

After long deliberations, India has finally announced a new electric vehicle policy, which seeks to attract the best of technologies in the world to India. Under the new policy, the government would levy a concessional import duty of 15 per cent on 8,000 completely knocked down units of premium cars priced above $35,000 per year for five years. The conditions …

Tesla: Red carpet welcome in India?
9 months, 1 week ago

Tesla: Red carpet welcome in India?

Live Mint  

India has announced a policy for electric vehicles that lowers the import duty for foreign-made EVs brought in by overseas auto majors. They’ll be allowed to import annually up to 8,000 EVs valued at $35,000 or more at a reduced import duty of 15% for five years, provided they invest at least $500 million in local manufacturing over the next …

New e-vehicle policy aims to attract foreign investment
9 months, 1 week ago

New e-vehicle policy aims to attract foreign investment

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. Issuing an official statement, the ministry of commerce & industry said that the companies setting up manufacturing facilities for e-vehicles would be allowed to import a limited number of cars at lower …

India Approves EV Policy to Attract Global Players
9 months, 1 week ago

India Approves EV Policy to Attract Global Players

Deccan Chronicle  

New Delhi: In a move to make India as a manufacturing destination for electric vehicles or EVs in the country, the Centre on Friday approved the e-vehicle policy. As per the policy, a company will get three years for setting up manufacturing facilities in India and to start commercial production of e-vehicles, and reach 50 per cent domestic value addition …

Union Govt approves electric vehicle policy to make India a EV manufacturing hub
9 months, 1 week ago

Union Govt approves electric vehicle policy to make India a EV manufacturing hub

Op India  

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles, the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. The overarching objective of the newly approved E-Vehicle Policy is to facilitate the manufacturing of EVs in India, thereby providing …

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?
9 months, 1 week ago

Explained: How does new EV policy pave road for Elon Musk's Tesla in India?

Hindustan Times  

Centre on Friday approved a new policy for electric vehicles which offers duty concessions on imported cars to companies that invest at least USD 500 million to set up manufacturing units in India. Over recent months, Tesla representatives visited India frequently, and CEO Elon Musk even met Prime Minister Narendra Modi last year. 'No special treatment to Tesla' Recently, commerce …

India's EV import tax reduction policy signals victory for Tesla and global automakers
9 months, 1 week ago

India's EV import tax reduction policy signals victory for Tesla and global automakers

India TV News  

India announced plans to reduce import taxes on specific electric vehicles, contingent on companies investing a minimum of $500 million and establishing a manufacturing plant within three years, signalling a significant policy pivot. Beyond Tesla While Tesla stood to benefit significantly from the policy, it also paved the way for other global automakers to tap into India's automotive market, the …

The proliferation of EVs could make decarbonization harder to achieve
9 months, 1 week ago

The proliferation of EVs could make decarbonization harder to achieve

Live Mint  

India’s electricity consumption is growing at nearly 9% per year, faster than real gross domestic product. Adding complexity to the challenge of sustaining high urban-oriented GDP growth while lowering carbon intensity is the ambition to turn mobility electric. One is the quantum of electricity units needed to charge EV batteries and the other is the increased wherewithal required across generators, …

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 …

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker
10 months ago

Elon Musk's Tesla to enter India soon? Centre's new policy may benefit EV maker

Hindustan Times  

Months after expressing interest in entering the Indian market, billionaire Elon Musk-led Tesla may be making its way to the country as the central government is in the process to finalise its policy to extend concessional import duty, reported The Economic Times. Tesla founder Elon Musk with Prime Minister Narendra Modi Tesla is now on the verge of entering the …

India key to Skoda’s exports strategy, says country CEO
10 months, 2 weeks ago

India key to Skoda’s exports strategy, says country CEO

Live Mint  

New Delhi: India will play an important role in Czech carmaker Skoda Auto’s ambition to expand into South-east Asian markets, as the European automotive group Skoda Auto Volkswagen India, which operates five major automobile brands in the country—Skoda, Volkswagen, Audi, Lamborghini, and Porsche—looks to tap into India as a major source of and enabler for exports into other South-east Asian …

India will become auto technology provider to the developing world: Bhargava
10 months, 3 weeks ago

India will become auto technology provider to the developing world: Bhargava

Live Mint  

New Delhi: India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. These are themes he addresses in his latest book, Impossible to Possible, in which he describes what made Maruti Suzuki, the first and only instance of the government-run public sector undertaking forming a joint venture with …

Tesla makes big plans for India: May set up factory, make new car for developing nations
11 months, 1 week ago

Tesla makes big plans for India: May set up factory, make new car for developing nations

Hindustan Times  

As India moves closer to drafting a new electric vehicles policy, Tesla is in advanced talks to make an entry into the country and may be open to committing nearly $30 billion in investments, directly and indirectly, over the next five years in a manufacturing plant, and battery ecosystem and ancillary industries, people closely involved with the company’s official business …

’Raise ambition’: Amitabh Kant tells Indian carmakers as China leads EVs market
11 months, 3 weeks ago

’Raise ambition’: Amitabh Kant tells Indian carmakers as China leads EVs market

Live Mint  

Amid the fierce competition in the auto industry around the world with the advent electric cars, former NITI Aayog CEO has shared a piece of advice for Indian car companies. Amitabh Kant has appealed to Indian carmakers to raise their ambition as by the end of the decade, the world will witness a big boom in electric cars. Sharing a …

Bihar govt. gives green push with approval of new electric vehicle policy
1 year ago

Bihar govt. gives green push with approval of new electric vehicle policy

The Hindu  

In a landmark move to champion eco-friendly transportation, the Bihar government has given the nod to a comprehensive Electric Vehicle policy. The Bihar Electric Vehicle Policy, designed to steer the State towards a sustainable transport paradigm, outlines ambitious goals for the next five years, culminating in 2028. Speaking on the broader objectives of the EV policy, Transport Secretary Sanjay Kumar …

Fleet electrification to tackle urban pollution
1 year ago

Fleet electrification to tackle urban pollution

The Hindu  

The air quality index in many Indian cities has entered the red zone several days this year. Increase in truck fleet About 9 lakh new trucks are added to Indian roads every year to an already running fleet of 70 lakh trucks. On roads, India’s electric vehicle penetration rate has crossed the 6% mark, but electric trucks remain a challenge …

Prepare for the future with a green mindset
1 year, 1 month ago

Prepare for the future with a green mindset

Hindustan Times  

Every time I see a green number plate on a vehicle around me in Maharashtra, I feel a sense of joy and pride like none other. The National Clean Air Programme to urban agglomerations, the 15th Finance Commission fund and the EV Policy helped urban local bodies across Maharashtra place large orders for electric buses to encourage rapid transition. As …

Tesla inches closer to pact with India for EV imports, local factory: Report
1 year, 1 month ago

Tesla inches closer to pact with India for EV imports, local factory: Report

India Today  

The government is close to finalising an agreement with Tesla that would allow the US automaker to import its electric vehicles to the country from next year, while also paving the way for a local factory in the next two years, reported Bloomberg News. Currently operating factories in the US, China, and Germany, Tesla's potential venture in India follows the …

Electric Vehicles: Tesla’s India Plans Should Not Push Local Manufacturers into Sulk
1 year, 1 month ago

Electric Vehicles: Tesla’s India Plans Should Not Push Local Manufacturers into Sulk

News 18  

The demand for battery-powered electric vehicles is slowing down in many large-scale markets globally, as consumers weigh whether to switch from petrol/diesel vehicles due to the significant premium EVs command. The condition, though, is that Tesla would eventually begin manufacturing EVs in India, thereby boosting local sourcing of parts and enabling development of a comprehensive supply chain for EVs. Besides, …

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