Indian EV Components Market Set to Surge 8X by 2032, Reaching ₹3.55 Lakh Crore: IESW Report
The report reveals battery packs, motors, and power electronics will drive unprecedented growth in the domestic EV supply chain. India’s electric vehicle (EV) components market is expected to expand eight-fold over the next seven years, with projections showing a rise from ₹41,000 crore in 2025 to ₹3.55 lakh crore by 2032. This forecast comes from […]
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