Saturday, April 5, 2025

Tesla's entry will help grow EV market in India, not worried about competition: BMW

BMW Group India remains optimistic about the EV market, viewing Tesla’s entry as a growth catalyst. CEO Vikram Pawah says competition boosts demand. BMW sold 646 EVs in Q1 2025 and aims for 15% of total sales from EVs this year, a target it expects to exceed. Globally, BMW saw 13.5% BEV sales growth in 2024.

from Auto-Industry-Economic Times https://ift.tt/poay2sj

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India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog

NITI Aayog envisions India's automotive component production soaring to USD 145 billion by 2030, with exports tripling to USD 60 billion...