Most of the new cars to hit Indian roads next fiscal may be electric
Out of 14 new car brands set to debut in the next fiscal year, 12 will be electric, aligning with the government's target of one-third electric vehicle sales by 2030. However, concerns over affordability and infrastructure may hinder mass adoption. Industry experts anticipate a modest volume increase, with electric vehicles comprising a larger share of the market mix. Overall passenger vehicle sales are projected to grow 3-5% in FY25.
Tags : electric cars Indian roads new car brands battery electric vehicles sales powered fiscal year industry executives charging infrastructure Maruti Suzuki
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