Battery innovations may boost e-car revolution in sub-₹20 lakh segment
electric car market is shifting into high gear, particularly in the affordable segment, with 86% of sales concentrated in the sub-Rs 20 lakh segment. With consumers increasingly choosing battery-powered SUVs over traditional hatchbacks, the electric PV sales are expected to exceed the 100,000 mark this year.
While early market leader Tata Motors is facing headwinds, upcoming launches of Suzuki e-Vitara, Mahindra BE.6e and CEV9e early next year are expected to recharge the market and boost competition.
Experts said more choices in the electric PV space will only make the market grow. They also said stricter emission penalties and the growing environmental benefits of EVs are driving automakers towards electrification.
Taking cues from China, the world's largest electric vehicle market, most car companies are exploring innovative solutions including battery-as-a-service and battery swapping stations to overcome charging infrastructure challenges.
“Battery swapping technology in China has reduced refuelling time to just five minutes, providing a promising model for the Indian market,” said Ravi Bhatia, president, Jato Dynamics.
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