In a world that is rapidly evolving towards sustainable and environmentally conscious solutions, the Electric Vehicle industry has emerged as a formidable force, promising a cleaner, greener future. At the heart of this global shift stands India, the fastest-growing economy in the world with immense potential to lead the electric mobility revolution. The Indian EV battery market size is expected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, at a CAGR of 10.
If the auto giant finally decides to enter India, the reason could be the visible EV push in India from the government and business organizations, big and small. Financial Times report Government Outlay Government Outlay In March, the Central Government of India put an outlay of INR500 crore for four months beginning from April for 2 wheelers and 3 wheelers to promote e-mobility in the country.