Electric cars are set to take off in the country with the top manufacturers committing themselves to invest heavily in the segment. While homegrown companies Tata Motors and Mahindra were the early movers, Hyundai has followed suit.
The largest player has so far been reticent about jumping into the EV fray. But Maruti Suzuki has announced a big ticket EV investment. While the rest play catch-up, Tata Motors has gone ahead and announced its Generation 2 EV architecture.
However, there is still no clarity on the charging infrastructure. The government in its last budget announced its intention to formulate a battery swapping policy, but this is geared more towards two-wheeler and three-wheelers rather than cars.
