Future of Electronic Vehicles in India: Review and Scope

Abstract

The global automotive industry is on the verge of disruption. Digitization, increasing automation and new business models has revolutionized other industries, and the automotive industry will be no exception to such a revolution. The Indian automotive industry has started to experience the effects of this global disruption. This paper outlines the importance and imminence of the disruption, the drivers of electric vehicle penetration and the implications for all stakeholders, especially auto component manufacturers. Acknowledging the upcoming disruption and reinventing the business accordingly is the key to managing the changes that lie ahead.