In India, where an increasing number of consumers aspire to own bigger cars to cope with the country’s notoriously potholed roads and bad traffic, automakers are betting on low-cost battery-powered SUVs to capture the budding electric vehicle market.
At the nation’s major auto show in New Delhi earlier this month, there was a new breed of EVs taking center stage, with predominately foreign companies looking to muscle in on the nascent electric scene. In a marked shift in rhetoric, local auto bosses were also excitedly talking up the sector’s prospects.
Homegrown manufacturers Tata Motors Ltd. and Mahindra & Mahindra Ltd. are now jostling with Chinese giants BYD Co. and SAIC Motor Corp. and South Korea’s Hyundai Motor Co. Even India’s biggest automaker Maruti Suzuki India Ltd., which had previously largely pooh-poohed EVs, showed a compact electric SUV it says will hit the market in 2025.
Demand for smaller SUVs
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