Chinese companies rapidly become strong contenders in India EV market

MUMBAI: China is swiftly emerging as a strong contender in India’s growing electric passenger vehicle market, currently dominated by homegrown companies Tata Motors and Mahindra & Mahindra.

In less than two years, major Chinese companies such as BYD, MG and Volvo have overtaken their South Korean and German rivals to claim nearly a third of the Indian electric vehicle (EV) market. These brands strike a chord with Indian buyers looking for better technology, range and reliability.