Electric vehicles market in India set to see several new entrants

The government's National Electric Mobility Mission Plan 2020 envisages achieving 6-7 million sales of hybrid and e-vehicles by 2020

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Shally Seth Mohile Mumbai
The electric vehicles (EV) market in India is set to see the entry of a flurry of new players of foreign origin and home-grown start-ups in the two- and three-wheeler segments, even as the established Indian automobile firms such as Hero MotoCorp, Bajaj Auto and TVS Motor Company have chosen to adopt a calibrated and wait-and-watch approach before they jump onto the EV bandwagon. 
 
The government’s ambitious National Electric Mobility Mission Plan 2020 envisages achieving 6-7 million sales of hybrid and electric vehicles by 2020. A series of flip-flop on policies and a non-existent charging infrastructure are the biggest challenge in achieving the target. But is not deterring the newer entrants.

First Published: May 12 2018 | 10:06 PM IST

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