How Are New E-car Entrants Building Early Presence in the Indian Market?
How Are New E-car Entrants Building Early Presence in the Indian Market? India’s electric car (e-car) market has expanded significantly with a 2x growth over the past two years, with annual sales increasing from 54,473 units in FY2023 to 110,748 units in FY2025 and sales increasingly concentrated among a handful of established players. However, recent vehicle registration data also points to the emergence of new global entrants. While their volumes remain modest at present, these players are beginning to register…