Despite rush for local cell manufacturing, cheaper EVs remain a distant dream in India

Despite rush for local cell manufacturing, cheaper EVs remain a distant dream in India

Source: Freepik

Despite the unprecedented rise in demand for electric vehicles in India and a raft of homegrown players rushing in to fill the space, EV prices in India are unlikely to come down anytime soon as a bulk of their components, particularly batteries, are still imported.

Edited by: Joymitra Rai