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.The impact is evident in the numbers. While electric two-wheeler sales grew 22% year-on-year (y-o-y) during April to September, sales of electric passenger vehicles fell by 19% y-o-y in the same period.According to the Society of Manufacturers of Electric Vehicles (SMEV), only 0.9 million EVs were sold by the end of FY24, against a target of 2.34 million. Similarly, the electric car segment, projected to reach 150,000 units by FY25, saw sales of fewer than 50,000 units in the seven months through October.Shradha Suri Marwah, president, ACMA and CMD Subros said, "Nobody knows what's happening. For the auto component companies it becomes very difficult to actually commit huge capex to one technology."

Makers of auto parts in a fix over EV switch

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.