The report notes that generating sufficient margins and scaling up in the EV space is difficult, even with significant financial incentives
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India should not become an electric vehicle (EV) colony for China and the government should allow the sector to grow naturally without relying on incentives, says GTRI
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The GCC launch follows ZF Lifetec’s facility in Trichy, which began production of inflators recently after shifting operations from Aschau
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The Ministry of Heavy Industries is introducing e-vouchers for EV buyers to avail of demand incentives under the scheme
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Goyal urges the industry to become indigenous suppliers and manufacturers to become a leading exporter of auto components
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Maruti Suzuki faces a decline in total sales and domestic vehicle numbers, its export sector demonstrated positive momentum
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