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Price parity with ICE-run cars important for EV boom: Kia's Hardeep Brar

About 99,165 electric cars were sold in India in 2024, recording 20 per cent year-on-year growth, according to FADA

Hardeep Singh Brar, National Head of Marketing & Sales, Kia India
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Hardeep Singh Brar, National Head of Marketing & Sales, Kia India

Deepak Patel New Delhi

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The price difference between electric vehicles (EVs) and internal combustion engine (ICE) ones must narrow to 20-25 per cent from 30-50 per cent, said Hardeep Singh Brar, senior vice-president and head of sales and marketing at Kia India.
 
He added that this will help EVs reach an “inflection point”, potentially driving a seven-nine fold surge by the end of this decade.
 
About 99,165 electric cars were sold in India in 2024, a 20 per cent year-on-year (Y-o-Y) growth, according to Federation of Automobile Dealers Associations (Fada).
 
“We are launching two EVs within the next one year. First one would be