3 min read.Updated: 03 Oct 2018, 01:27 AM ISTLivemint
An uncertain policy environment and the lack of supporting infrastructure are major roadblocks
The rupee’s dramatic depreciation in recent months has had an unexpected victim. The Indian electric vehicle (EV) industry has been hit hard. The reason for this is telling: local production of inputs for EVs is at just about 35% of total input production. Companies that are in the midst of processing orders for electric cars and buses will now see their production severely affected in terms of production costs. This neatly sums up some of the challenges facing India’s e-vehicle push.