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Indian Two Wheeler EV market about to takeoff?

Posted on - 09 May 2023

Category - News & Views

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...

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Batteries EVs India LFP Sodium-ion Ternary Two Wheelers