MUMBAI : Leading auto manufacturers are likely to put their electric vehicle (EV) plans on the back-burner as they focus on restoring demand for core bread-and-butter products, suggested a number of senior industry executives.
With mounting losses due to the disruption in operations and plans to recover investments made for meeting Bharat Stage VI emission norms, several automakers have temporarily kept their investments in electric mobility related projects — under the central government backed policy framework — in abeyance as focus will be on resurrecting the traditional businesses once the lockdown is lifted.
At least three senior executives from over a dozen Mint spoke with on the matter, held a contrasting viewpoint.
