Electric hopes | Business Standard Editorial



Announcements within a day of each other by Ola Electric and Mahindra & Mahindra (M&M) that they will launch electric vehicles (EVs) by 2024 have certainly boosted the game in this new area of ​​the automotive market. Ola’s plans are characteristically ambitious. Founder Bhavish Aggarwal has announced that his show will be the first electric car to offer a range of up to 500 kilometres, and with an all-glass roof and aerodynamic body, it will be the sportiest car ever in India. M&M wasn’t far behind. After exiting the e-four-wheeler market in 2019, it announced the imminent launch of five electric sports utility vehicles (SUVs) between 2024 and 2026. It’s easy to see why manufacturers are excited to enter the electric vehicle market. It has been predicted as the next big thing in the auto industry by almost all analysts. For example, NITI Aayog has set EV penetration at 70 percent for commercial vehicles, 30 percent for private cars, 40 percent for buses, and up to 80 percent for two- and three-wheeled bicycles.


To read the full story, subscribe now for just RS 249 per month.

Subscribe to INSIGHTS


What do you get in Business Standard Premium?


or







Dear Reader,

Business Standard has always strived to provide the latest information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our resolve and commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.

As we fight the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our online content. More subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.

Support quality press and Subscribe to Business Standard.

digital editor

First Published: Thursday, August 18, 2022. 22:20 EST

Leave a Reply

%d bloggers like this: