In the Indian commercial electric 3-wheeler (e3W) space, original equipment manufacturers (OEMs) are focusing on exports to sustain business and continuously exploring new markets to penetrate and mitigate losses in the domestic market. Electric L5 3Ws are currently in high demand in nations such as the United Kingdom, Greece, France, Sub-Saharan African countries, and Latin American countries such as Peru and Panama. India has an excellent opportunity to become a global powerhouse of electric vehicle (EV) production by rapidly transitioning from internal combustion engines (ICE) to alternative fuel vehicles, which are mostly dominated by battery technology. This was not the case with ICE-powered automobiles. Vehicle exports and component exports are two sectors where eMobility-related export prospects exist. Export prospects in the vehicle sector are in the low-end models of 3Ws, which India dominates. In the component area, India's potential as a global sourcing destination for powertrain and electronics is enormous.
GROWTH PIPELINE DIALOG™
Take your first step towards achieving growth-centric solutions with our
Growth Pipeline Dialog™. Speak to our industry experts in a complimentary open discussion that will spark innovative thinking and growth opportunities that will benefit your organization.