there is a strong push for electric vehicles in India many autom makers are working hard to revolutionize the EV sector in the country watch this report for more details electric models made up about 2% of Total Car Sales in India last year the government wants to increase that to 30% by 2030 to achieve the target India has decided to cut import taxes on electric vehicles this will be applicable for EVS produced by car makers that commit to invest at least $500 million and start domestic manufacturing within 3 years this will lead to increased competition for
domestic automakers from companies like Tesla and vinas but it seems Indian automakers have a plan to compete in the EV Market tataa motors which commands more than 80% of India's electric car market currently sell four EV models the company plans to have 10 electric models in its portfolio over the next 3 to 4 years e will make up 25% of its Total Car Sales by 2025 compared to 99.3% last year Mahindra which sells an electric version of its XUV 400 SUV plans to push ahead with new electric SUV launches from 2025 the company's expecting electric
models to make up 20 to 30% of its SUV sales by March [Music] 2027 the Indian unit of South Korea's Hyundai Motors currently sells 2 EV models the Kona and ionic 5 the company now plans to introduce five EV cars by 2032 it will also grow the number of its charging stations to 439 by 2027 Hyundai is planning to invest close to $4 billion in the Indian market over the next decade this includes the launch of new EVS charging stations and a battery pack assembly unit maruti Suzuki India the country's top automaker by sales plans
to have six EV models by 2030 Japan Suzuki motors which holds a majority stake in the company says the group's first Eevee will be rolled out from MTI PL in the state of Gujarat by the end of 2024 Indian steel to power conglomerate jsw group is a new entrance in the EV category it will set up electric vehicle and Battery manufacturing project worth $ 4.82 billion in the Eastern State of orisha according to Media reports the group is also in talks with German automaker Volkswagen about supplying technology and components for its EV project [Music]
