India could be among world’s largest EV markets – Report

New Delhi, Oct. 3 (IANS): Following a strong central government push towards EVs, India has the potential to become one of the largest EV markets in the world, a report showed on Thursday.

The report by the World Economic Forum and the Ola Mobility Institute highlights the opportunities for the sector and builds a common framework for analysing state EV policies through trend analysis of value chains.

Interestingly, the report – EV Ready India – Part 1: Value Chain Analysis of State EV Policies — shows that there are 10 states and UTs that are building momentum for EV usage in three sectors namely manufacturing, infrastructure and services.

According to the report, given India’s role as part of the global big four automotive players (alongside China, Japan and the US), large-scale changes to the Indian market would affect the industry’s global footprint.

It reveals emerging trends such as states’ aspirations to be manufacturing hubs for EV and EV components.

The report was released at the World Economic Forum’s 33rd India Economic Summit which is taking place in New Delhi from October 3-4.

SUV Tata Nexon EV to debut in Q4 FY 20 

Automobile major Tata Motors on Thursday said that it will debut the SUV Nexon EV in Q4 FY19-20.

The electric SUV is expected to be priced between INR 15 and INR 17 lakhs.

According to the company, the Nexon EV will be powered by the recently introduced “Ziptron” technology.

“Nexon EV will be an aspirational SUV for customers looking for a thrilling and connected drive experience,”

“This EV will target a range of about 300 km to address range anxiety.”

Additionally, the EV will be equipped with a high voltage system, zippy performance, fast charging capability, battery and motor with warranty of 8 years, and adherence to IP67 (dust and water proof) standard.