The Economic Times
English Edition
| 23 May, 2021, 08:49 AM IST | E-Paper
Search
+

    Automakers are bullish about India’s EV revolution which could roll out on two wheels and three wheels

    As the penetration of EVs increase, competitively priced battery packs will see a huge opportunity.

    Synopsis

    ​​India’s EV revolution could first roll out on two wheels and three wheels. About 82 EV models (32 two-wheelers and 50 threewheelers) have been registered under Phase 2 of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-2) scheme.

    Electric vehicles may just be the silver lining for India’s auto industry, which is going through one of its darkest patches ever. EV manufacturers have embarked like never before on top-level talent hiring, investments in new products and charging infrastructure and building an ecosystems. “The world is on the cusp of a mobility revolution that will be EV-driven,” says Amitabh Kant, CEO, NITI Aayog. “And the domestic manufacturers of EVs are
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Special Offer on ET Prime

    Subscribe to ET Prime - Get Flat 20% Off

    View Plans

    Special Offer on ET Prime

    Subscribe to ET Prime - Get 25% Off

    View Plans

    Special Offer on ET Prime

    Subscribe to ET Prime - Get 25% Off

    View Plans

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times