India expected to emerge as EV manufacturing hub by 2028
India expected to emerge as EV manufacturing hub by 2028
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India expected to emerge as EV manufacturing hub by 2028
EV production in India is likely to reach 9.7 million units by fiscal 2028 (April 2027 to March 2028), with EV-specific component market anticipated to grow from US$1.25 billion in fiscal 2023 to US$13 billion in fiscal 2028.