IntroductionSales of electric automobiles are rising. By the end of 2021, there will be over 16.5 million electric vehicles on the road worldwide, which is quadruple the number from 2018.EVs also bring with them an increasing electricity demand. According ...
The Indian auto industry would invest $7 billion over five years to further localize parts
By FY28, the Indian auto industry plans to invest up to USD 7 billion in the localization of innovative components, such as electric motors and automatic transmissions, to cut imports and take advantage of the 'China Plus One' sourcing model used by multi ...