MUMBAI -- Strong growth prospects in India's market for electric three-wheel and two-wheel vehicles are driving a rush to start battery-swapping services in the emerging country, luring Japanese companies.
Terra Motors, a Japanese electric vehicle manufacturer focused on South Asian markets, has teamed up with Bengaluru-based Sun Mobility, a local battery developer, to build battery swap stations. A local unit of Honda Motor is set to roll out a battery-sharing service in the country.
