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Global auto heavyweights tepid on local EV market
Financial Express Kochi
|August 20, 2025
THE GOVERNMENT IS keen on making India a hub for electric vehicle (EV) manufacturing and offering incentives to attract investments.
However, global automotive heavyweights like Renault, Volkswagen, Nissan and Skoda have decided to focus on vehicles using traditional fuels.
They are simply not convinced about the prospects of the local EV market. As Venkatram Mamillapalle, managing director, Renault India, pointed out EV penetration is just 2% of the 4.3 million, with only a handful of players. In fact, the share of EVs in the total auto market is running short of targets.
Moreover, the charging infrastructure remains a work in progress and there are challenges relating to the levels of localisation. "Does this justify investment?" Mamillapalle asked, adding that those investing are players who are learning because they are bringing in new technology.
Denne historien er fra August 20, 2025-utgaven av Financial Express Kochi.
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