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EV vs ICE price parity for luxury cars unlikely in near future

7 months ago Auto economictimes
Most luxery EVs are imported as low volumes make local assembly unviable. Tata Motors, MG Motor India, and Mahindra & Mahindra are reducing the price disparity between their electric vehicles and traditional petrol/diesel models due to decreasing battery costs. Luxury electric vehicles (BEVs), largely imported and heavily taxed, face challenges due to limited sales volume, making local assembly unfeasible. Read more at: economictimes

Tags : EV vs ICE tata motors tata motors mg motor india bmw ev india mercedes benz ev india india ev price

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