INDIA EMBARKED ON its electric vehicles (EV) journey more than two decades ago. However, the trend gained momentum only after Tata Motors plugged into the market with its Nexon.ev in December 2019. Since then, sales of four-wheeler EVs have been averaging around 7,000 units a month. And sales of electric twowheelers have been comfortably hitting the 75,000-mark each month.
Most of the EVs sold over the past four years came with battery guarantees. Tata Motors and Ola Electric, both industry leaders, offer replacement warranties of eight years or 80,000 km, whichever occurs first. For many customers, EV batteries will become depleted in the next few years, and have to be changed. Replacing a battery will be an expensive affair as a considerable part of the overall cost of an EV is the cell. For instance, a battery pack for the Nexon. ev—beyond the warranty period— costs around ₹7 lakh, reports say.
The good news is that battery prices will fall—faster than what was anticipated earlier.
Diese Geschichte stammt aus der October 27, 2024-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 27, 2024-Ausgabe von Business Today India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
