Last year, India’s automative industry became one of the world’s big three, according to rating agency CARE.
While the passenger vehicle market is set to cross the three million mark by end of 2017, there’s a segment of this industry showing particular signs of growth thanks to increasing consumer awareness and a government push: Electric Vehicles (EV).
Sales in this sector grew by 37.5% to 22,000 units — though only around 2,000 of these units were four-wheeled vehicles. And the remaining 20,000 vehicles were two-wheelers.
