Viable Battery Costs Remain Critical to EV Penetration in India: Ind-Ra

Saur Energy | Oct 26, 2020 at 6:52 AM
  • India Ratings and Research (Ind-Ra) in its latest market analysis has predicted (that driven by the economic slowdown induced by the Coronavirus pandemic) a delay in the penetration of electric vehicles (EVs) in the Indian automobile industry.
  • And, among other factors, the analysts claim that battery remains the most critical component of an EV due to both cost viability (30-40 percent of EV cost is of battery) and technological expertise.
  • In FY20, OEMs such as Hyundai Motor India Limited and MG Motor India Private Limited have entered the Indian market with their EV models.