India EV Profile: Easing Import Barriers Will Boost EV Adoption
Autos / India / Thu 30 May, 2024
Key View: The continued decline in global battery costs and rising EV production in India will drive passenger EV sales to grow by 13.7% y-o-y in FY2024 and by 27.8% y-o-y in FY2025. We expect Tesla's arrival in late 2024 or early 2025 to boost the Indian EV market, given the strong pent-up demand for the brand. This could also lead consumers to