India's biggest automaker Mahindra & Mahindra Ltd said that Electric-vehicle sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improve, hopefully with help from the government.
In an interview with Bloomberg Television broadcast Monday, Mahindra Deputy Managing Director Anish Shah said while authorities can assist in terms of cost parity for EVs, in India it’s “difficult for the government to justify subsidising cars for the rich." He further said that the government will have to play a significant role in developing infrastructure for EVs, he said, adding that the technology side -- charging times and driving ranges -- is “moving fairly rapidly already." Shah further said, “2030 is what we see as a tipping point where electric will overtake ICE engines in terms of sales.
Leading two-wheeler maker "India’s Hero MotoCorp Ltd., also thinks electric “is the way forward,” Chairman Pawan Munjal said in a separate interview with Bloomberg TV on Monday.
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