MUMBAI | NEW DELHI: In hindsight, 2017 may well turn out to be the watershed year for the Indian electric vehicles (EV) industry. Mahindra & Mahindra has tied up with Ford, while the Renault-Nissan alliance , too, has EVs planned for India. Volvo and JLR are also drafting their EV strategies for India. "In India, 75% of vehicles sold are small cars...How to electrify small cars and make them affordable is one of the challenges we have to face... Assuming a growth rate of 8% in the passenger vehicle segment every year, around 71 million new vehicles could be added between now and 2030.
Source: Economic Times January 03, 2018 03:11 UTC