Electric Cars In India: Our people are buying more cars than that company

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Electric cars in India: The price of oil will increase. Well if you want to afford it..the maintenance cost is also increasing. For those who have a certain level of means, this is not a big deal. There is a position to think about as far as the middle class is concerned. Nowadays car is not a luxury but it has become a major necessity of daily life. Especially after covid many people are taking interest in buying car. As a result, car sales are on the rise, while electric vehicles have emerged as an optional necessity against the backdrop of rising oil prices. But the government also encourages the manufacture of electric vehicles. The central government is encouraging the manufacture of electric vehicles as it will reduce pollution, reduce oil imports and reduce pressure on foreign exchange reserves.

third largest market

India has emerged as the third largest automobile market after the US and China. Big companies are showing interest in electric vehicles as India is suitable for business expansion. But as there is a vast opportunity in the market.. The company “S&P Global Ratings” revealed that large companies are likely to invest heavily.. “India will become the largest producer in the world. As the country is home to the largest population in the world, companies come forward to invest heavily. Also, there is no adverse weather in India. In addition, they can create a wider market for batteries and raw materials. S&P Global Ratings said, “There is no need to be surprised if India becomes the number one market in the future.” Cars accounted for less than two per cent of total light vehicle sales last year. The share of electric two wheelers and three wheelers is 90%. But despite the strong growth potential, car sales will grow only if there are enough charging points. But if the government invests heavily in the development of the relevant infrastructure, there will be no looking back.

more than 80%

Tata Motors is at the forefront of electric vehicle manufacturing. This company owns more than 80 percent market share. Despite competition from companies such as SAIC Motor Corp, Hyundai and Mahindra, Tata Motors has established a strong position. Not only India but many countries in Asia are suitable areas for this area. Indonesia is rich in nickel deposits. Batteries are made from this nickel. China, Korea and Japan have a lot of technology to make EVs. And in our country, in the context of the most polluted cities in the world, there is a possibility that the use of EVs will come down. At present, the sale of electric vehicles is likely to increase in the future as common people are also showing interest in them.