There is a lot of frenzied activity going on behind the scenes, as airbag makers look to corner the most out of the market, which could grow to about ₹7,000 crore in five years.
As part of the deal, SUN Mobility will offer its energy infrastructure platform to a select number of original equipment manufacturers for building e-autos.
Finance Minister Nirmala Sitharaman’s maiden Budget provides tax incentives and GST cuts for electric vehicles.
Federation of Automobile Dealers Association said that while auto sales are still in choppy waters, initial signs of positive consumer sentiment can be seen post the dull festive season.
The engines and heavy equipment maker wants to cater to India’s affordable electric mobility needs.
