From Two-Wheelers to EVs: India's Evolving Automotive Landscape
Aman Tripathi The Indian automotive market is undergoing rapid evolution, fueled by urbanization, rising incomes, and an expanding middle class. This dynamic sector encompasses a wide range of vehicles, from two-wheelers to passenger cars. A noticeable shift is underway, as many two-wheeler owners aspire to upgrade for improved comfort, safety, and status. Simultaneously, India's automotive industry is experiencing a seismic shift with electric vehicles (EVs) at the forefront. As global concerns regarding climate change and environmental degradation intensify, EVs are becoming crucial for sustainable mobility. India is emerging as a key player in this global transition, leveraging its unique set of challenges and opportunities. This combined transition, with the rise of EVs, is reshaping the industry and influencing both manufacturing trends and marketing strategies. Automakers are strategically targeting this evolving customer base, aided by government initiatives like the "M...