For India to succeed in this transition, it must leverage its core strengths - scale, cost efficiency, and strategic location, while making a serious push for R&D and innovation.
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As the country’s entire EV ecosystem is poised for rapid growth, its stable economic environment, rising income levels, and expanding consumer base collectively enhance its attractiveness as a premier investment destination
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The answer is nuanced. While recycled materials are unlikely to entirely supplant the need for virgin raw materials in the near to medium term, especially given the projected explosive growth in battery demand
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Prior to the recently concluded India- UK free trade agreement (FTA), India had 13 FTAs with predominantly South Asian countries, notable exceptions being UAE and Australia, and 6 preferential trade agreements
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India’s automotive sector is undergoing a green transformation, driven by rising EV adoption, sustainable manufacturing practices, and innovations in clean mobility
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With fast-evolving battery technologies, material innovation, digital design tools, and government mandates, the transition away from internal combustion engines is both strategic and inevitable
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Changeover to electric vehicles in the fleet comes with many benefits but gives demands requiring planning and management
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The road ahead is electric, and it is imperative to embrace innovation, sustainability, and collaboration to drive this transformation forward
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