The sales of passenger vehicles (cars and SUVs) in India was around 2.5 million units in 2020, and 1% of this would be 25,000 (actual sales of EVs were only around 3,500 units). Even if this market grows to around 4 million units by 2024, the sales of electrics would be less than 40,000 units according to Hyundai’s estimates.from Industry-Economic Times
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