India shops abroad for EVs
The Indian government has issued a contract for multiple electric vehicles, however instead of going for vehicles from their home market, such as Mahindra or Tata, the government decided to opt with Hyundai’s Kona, which costs about twice the amount as Indian competitors.
The reason is simple: The Kona’s battery capacity is almost triple of the competition. Time will tell whether India’s burgeoning EV industry will catch up to their competitors, but without a strong enough demand in their home market, times will be tough.
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