Indian Two Wheeler EV market about to takeoff?
We were lucky enough to take part in an EV conference hosted by BNP Paribas in Hong Kong in April. One of the sessions – the last and least-well-attended session of the day – was on the Indian EV market, and particularly on two wheelers. It was quite a revelation. India’s two wheeler EV market is right on the cusp of taking off. Last year’s sales were just over 600,000 units but that was only a 6.5% penetration rate. The Indian two wheeler market is huge and there is serious potential for EVs. In fact in India as a whole...