Scope of the Automotive industry
Only about 2% of new vehicles sold worldwide are electric today. There is a much greater opportunity ahead. In similar markets abroad, Indian companies can become hubs of innovation, supplying complete products, aggregates, and components globally. Indian players can be the global leaders in traditional micro-mobility segments (2W and 3W). The Indian players can win in PVs, such as cars, SUVs, and light CVs, by following the frugal design requirements for emerging markets.