Similar to how humans, as living things, evolve through periods, technology is also perpetually undergoing evolution. We are engaged in ongoing research and development to make the greatest use of resources and adapt to changing needs in response to the availability of resources. Our generation is witness to various shifts and one of them is clearly the entire transition to EV. The dedicated research group advances and makes the best use of resources while having little impact on the environment. Therefore, refiners in the third-largest country in Asia have accelerated their shift away from oil production as a result of the rapid growth of electric cars in India’s booming market. The demand for EVs is already ramping up, and more capital is being invested in building new roads and energy infrastructure. Possibly in some years, 1 out of every 4 -5 cars is going to be an EV if we go by reported statistics.
In the upcoming period, it has been reported that production of two, three, and four-wheelers is growing exponentially. By keeping figures in mind, the companies that are entering this market seem to have a tremendous growth vision for the future.
