Auto industry’s four-wheeler electric vehicle (EV) sales could rise by 10 times in India to cross the 1 million unit-mark in the next five years due to strong demand, continued government support, deeper penetration of charging infrastructure, and launch of wide range of products by multiple automobile makers, said Shailesh Chandra, managing director of passenger vehicle (PV) and EV division of Tata Motors (TaMo) on Friday.
He said that multiple car companies have launched EVs during the last six months but TaMo — which had about 83 per cent share in the Indian EV market in the 2022-23 financial year (FY23) — will continue to focus on its volumes.
