India's Automakers Launch Dozens of EV Models
India's Automakers Launch Dozens of EV Models

India's Automakers Launch Dozens of EV Models

News summary

As the Bharat Mobility Global Expo approaches, Tata Motors anticipates fierce competition in India's electric vehicle (EV) market, with major brands like Maruti Suzuki, Hyundai, and Mahindra set to unveil new models. Tata Motors, currently holding over 60% of the market, views the influx of new entrants as a positive development that will enhance consumer choice and push for innovation in EVs. Meanwhile, global demand for EVs is slowing, yet Indian automakers plan to launch a dozen new models in 2025, focusing on premium options with longer ranges and faster charging capabilities. India's EV market, while currently small, is projected to grow significantly, with sales expected to double this year, supported by government initiatives aiming for 30% EV adoption by 2030. Notably absent from this competitive landscape is Tesla, which has yet to enter the Indian market, allowing local manufacturers to capitalize on the growing demand for electric vehicles. The Expo is set to showcase a variety of new models, reflecting a broader commitment to sustainability and the transition to cleaner transportation in India.

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