Makers of auto parts in a fix over EV switch
Financial Express Hyderabad|December 13, 2024
AUTO COMPONENT MANUFACTURERS, who were asked to set up factories by their clients to support the electric vehicle evolution, find themselves in a tough spot as automakers pivot back to traditional petrol and diesel engine technologies. This shift comes amid slowing EV growth.
SWARAJ BAGGONKAR

India's EV penetration targets appear increasingly out of reach after the government reduced financial incentives for consumers. This policy change has compounded the challenge of high EV acquisition costs and persistent consumer concerns over range and technology reliability.

This story is from the December 13, 2024 edition of Financial Express Hyderabad.

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This story is from the December 13, 2024 edition of Financial Express Hyderabad.

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