General Motors was the first amongst the three U.S. companies that left India in the year 2017. Two-wheeler automaker Harley Davidson exited India in June 2020. The third American automobile brand Ford has also wrapped up its business in India.
Manufacturers and Governments have to address this issue to increase EV penetration in India. The central government offers subsidies through the FAME II scheme. State governments offer additional benefits to buyers.
Tesla plans to begin its journey in India with its entry-level sedan, Model 3, which will bear a cost of approximately Rs 55 – 60 Lakhs and later expand its portfolio by adding the Model S and the Model X bearing a price of Rs 1.5 crore and 2 crores respectively.
Ola, Simple Energy & Ather Energy are all set to lock horns in the brewing Two-Wheelers EV Market and it is only going to get more exciting. Which one do you like?