Home Manufacturer fund Electric vehicles will boost car investment by Rs 70,630 crore in 5 years

Electric vehicles will boost car investment by Rs 70,630 crore in 5 years

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Automakers, new and old, and ancillary suppliers are expected to spend a combined Rs 70,630 crore over the next five years to enter or expand their presence in the electric vehicle segment. Data extracted from company announcements shows that India, the world’s fifth largest car market, is set to receive one of the biggest investment surges ever to fuel the transition to combustion engines internal to electric motors and batteries as part of green driving.


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First published: Mon 06 Jun 2022. 06:10 IST