Automakers in India will launch around 10 new electric vehicles this year to fill the premium market, offering more extended range and faster charging options, writes Reuters.
The Indian government aims to increase the market share of electric vehicles to 30% by 2030.
Global electric vehicle sales growth slowed to 13% in 2024 from a year ago but exceeded 10 million units for the first time.
New models like Mahindra offer a range of over 600 km and fast charging. dollar
The average car price in India is around $12,000, and the number of expensive models is growing faster than the affordable ones.
Hyundai, Tata Motors, BYD, and Maruti Suzuki plan to showcase new EV models for intercity roads.
Major automakers, including VinFast, expect India to be a key hub for their global expansion.
