![The Great Indian SUV Confusion](https://images.assettype.com/fortuneindia%2F2024-02%2Fd8418cd1-da54-4573-9aad-b14dcbd5c564%2FSUV_2.jpg?w=300&q=95)
The Great Indian SUV Confusion
Non-clarity on definition and complex tax slabs mean it's up to companies to decide how to classify their vehicles in what has become a 'free for all' market.
Non-clarity on definition and complex tax slabs mean it's up to companies to decide how to classify their vehicles in what has become a 'free for all' market.
"We expect EVs to contribute around 20% of our sales in India by 2030," says Sohn
The company is betting heavily on its SUV portfolio to expand its market share to 10% from the existing 7%