Reported about 5 hours ago
Tesla's absence in India's burgeoning electric vehicle (EV) market has allowed local competitors, such as Maruti Suzuki, BYD, and VinFast, to seize the initiative. The Bharat Mobility Global Expo in New Delhi highlights new EV launches, with Maruti introducing its e-Vitara SUV. Despite India's slow EV uptake—accounting for just 2.4% of vehicle sales last year—growing demand and plans for expanded charging infrastructure signal a potentially bright future for EVs in the country. Tesla's reluctance to install local manufacturing due to high import taxes continues to delay its entry, leaving the competition among Asian firms to intensify.
Source: YAHOO