– India is accelerating its transition to electric vehicles (EVs) to reduce carbon emissions and fuel dependency. – The EV market is projected to grow at a CAGR of over 40% in the next decade.
Tata Motors
– EV Offerings: Nexon EV, Tigor EV. – Why It’s Promising: Strong market presence and focus on expanding EV production.
Mahindra & Mahindra
– EV Offerings: XUV400, Treo (electric 3-wheeler). – Why It’s Promising: Expanding portfolio and investments in EV R&D.
Greaves Cotton (Ampere EVs)
– EV Offerings: Ampere Zeal, e-scooters, and electric 3-wheelers. – Why It’s Promising: Strong foothold in the affordable EV segment.
Exide Industries and Tata Power
– Exide Industries: Expanding battery production for EVs. – Tata Power: Leading in EV charging infrastructure development.