NEW DELHI -- Despite the unprecedented rise in demand for electric vehicles in India and a raft of homegrown players rushing in to fill the space, EV prices in the country are unlikely to come down anytime soon as the bulk of their components, particularly batteries, are still imported.
DealStreetAsia
Cheaper EVs remain a distant dream in India
Despite rush for local cell manufacturing, components are largely imported
A Tata Motors EV parked in Mumbai. Demand for electric cars is picking up in India. (Photo by Ken Kobayashi)
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