{"id":621301,"date":"2023-12-06T09:45:04","date_gmt":"2023-12-06T04:15:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621301"},"modified":"2023-12-06T10:24:04","modified_gmt":"2023-12-06T04:54:04","slug":"to-meet-ev-target-oems-need-to-rev-up-entry-segment-bain-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/to-meet-ev-target-oems-need-to-rev-up-entry-segment-bain-company\/","title":{"rendered":"To meet EV target, OEMs need to rev up entry segment: Bain &amp; Company"},"content":{"rendered":"<p>Indian OEMs need to accelerate the launch of new electric vehicle (EV) models in the entry-level, mass, and economy segments with affordable pricing if they want to achieve $100 billion in revenue potential for the EV industry, says a report released by Bain &amp; Company. <\/p>\n<p>Achieving the target requires EVs to grow more than tenfold in volumes in the next six-seven years with penetration going up from the current 5 per cent to 40 per cent by 2030. <\/p>\n<p>At present, EV sales have been limited to the premium end of the market such as scooters priced at over Rs 1 to 1.25 lakh, cars for Rs 9-15 lakh, and three wheeler passenger vehicles for over Rs 3 lakh. This has limited the penetration and the mass adoption of EVs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian OEMs need to accelerate the launch of new electric vehicle (EV) models in the entry-level, mass, and economy segments with affordable pricing if they want to achieve $100 billion in revenue potential for the EV industry, says a report released by Bain &amp; Company. Achieving the target requires EVs to grow more than tenfold in volumes in the next six-seven years with penetration going up from the current 5 per cent to 40 per cent by 2030. At present, EV sales have been limited to the premium end of the market such as scooters priced at over Rs 1 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-621301","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621301"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621301\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}