In the realm of electric vehicles (EV), industry leaders Tata Motors and Mahindra & Mahindra are currently at the forefront of India's domestic scene. However, a consensus is emerging among industry experts and economists that introducing more competition could expedite India's transition to EVs and secure its position on the global stage. They argue that reducing regulatory barriers and fostering a competitive market environment would not only spur innovation but also offer consumers more choices, ultimately driving down prices. Encouraging a free-market approach, they believe, is key to achieving energy independence and economic growth.
Unleashing Free Market Principles Could Propel India's EV Industry to Global Leadership
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Auto industry players believe entry of more players would break barriers, accelerate adoption of EVs
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Jan-20
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Currently, homegrown auto majors Tata Motors and Mahindra & Mahindra lead the charge in the domestic EV passenger vehicle segment.
From BusinessLine
Jan-20
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With Tata Motors and Mahindra & Mahindra currently spearheading the electric vehicle (EV) evolution in India, experts are advocating for a wider inclusivity of new market entrants. They argue that breaking down monopolistic barriers and democratizing the EV market is not only beneficial for technological innovation but is a crucial move towards combating climate change and achieving environmental justice. The entry of more players in the EV sector is seen as a vital strategy to make sustainable transportation accessible and affordable to all, aligning with broader social and environmental goals.
From BusinessLine