Saturday, September 05
India’s electric vehicle market is poised for rapid growth as new players enter and falling technology costs make battery-powered cars more affordable, said a top executive at Tata Motors Passenger Vehicles Ltd.Electric models now account for more than 5% of new sales in India, up from 2.5% a year earlier, Chief Executive Officer Shailesh Chandra told Bloomberg News. He expects the company — the country’s largest EV maker — to get nearly a third of its sales from EVs by 2030, reiterating a target from last year.India, one of the few growth hotspots for EVs as China and Europe slow down, is drawing global investment and competitive offerings that could push down costs faster. The arrival of Tesla Inc. and Vietnam’s Vinfast Auto Ltd. this year, alongside Chinese and homegrown rival
