EVs offer foreign auto companies a second chance in India

India’s transition to electric vehicles is giving automakers whose conventional gasoline cars have failed to make a mark a second chance.

High taxes, price-conscious consumers and tricky logistical issues have made it tough for many foreign carmakers to thrive in one of Asia’s biggest economies. But with the advent of EVs, firms like MG Motor, the local unit of China’s SAIC Motor, Renault, Nissan and Volkswagen may finally gain a better foothold.

While MG Motor controls a fraction of the local passenger vehicle market, last month it announced plans to grab a share of the country’s budding EV space,