Global entries rev up Indian EV space

Source:https://www.energybite.co.in/blog-post/global-entries-rev-up-indian-ev-space/

The Indian EV space is heating up with top global manufacturers driving in their best of offerings. Home-grown automakers are also active in the arena. Global leader Tesla’s first EV in the country is scheduled for the end of the year. An increased competition in the EV space will not only give wider choices to Indian consumers, it will also bring down the prices of electric vehicles in the near future.

The automobile market in the country is witnessing an increased popularity of electric vehicles (EVs). With the Government’s stated vision of discontinuing fossil fuel-based vehicles in a few years from now, EVs are undoubtedly the future of mobility. And with a population of over a billion, the potential of Indian market in this segment is huge. This has led global manufacturers to foray into the Indian EV market with the best of their offerings.

Quite recently, Mercedes-Benz India launched its first fully-electric EQC in in the country. The luxury carmaker’s EV boasts of two electric motors with 402 horsepower and 760 Nm torque. The EQC promises a driving range of 450 km, which is far better than other EVs currently available in the market.

• With a population of over a billion, the potential of Indian market in this segment is huge. This has led global manufacturers to foray into the Indian EV market with the best of their offerings. 
• Luxury carmaker Mercedes-Benz’s EV boasts of two electric motors with 402 horsepower and 760 Nm torque. The EQC promises a driving range of 450 km, far better than other EVs.
• Tesla is, undoubtedly, a global leader in EV sales and its entry into the Indian market is bound to disrupt the automobile industry in the country. It has plans to launch EV Model 3 by the end of this year.

German car manufacturer Audi too has come up with its e-tron, the company’s first fully-electric SUV with a promised driving range of 400+ km. Not to be left behind, the other German giant, BMW, also has plans to launch its complete range of i-drive EVs in the country soon enough.

US carmaker Ford has plans to launch its most iconic car, Mustang, in its complete electric version in India, and it will be called Mach-E. The Mach-E churns out an output of 346 HP and boasts of an estimated range of 480 km. The vehicle also claims to have an impressive pick-up of 0-100 km/hour in just 3.5 seconds.

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Also, in an exciting development last year, Tesla CEO Elon Musk confirmed that the US EV giant will be entering the Indian market in 2021. As a first step, the company registered itself in Bengaluru earlier this year. Tesla is, undoubtedly, a global leader in EV sales and its entry into the Indian market is bound to disrupt the automobile industry in the country. Tesla has plans to launch its most popular EV Model 3 in India by the end of this year.

All these developments are proof enough that the Indian automobile market has just started to warm up to EVs. While top Indian players are also active, major global car manufacturers are flooding the Indian market with the best of their products. And this is going to turn out as a win-win situation for consumers in the country. A tough competition in the EV space will not only give them wider choices but also bring down the prices of these environment-friendly vehicles.