Most luxery EVs are imported as low volumes make local assembly unviable. Tata Motors, MG Motor India, and Mahindra & Mahindra are reducing the price disparity between their electric vehicles and traditional petrol/diesel models due to decreasing battery costs. Luxury electric vehicles (BEVs), largely imported and heavily taxed, face challenges due to limited sales volume, making local assembly unfeasible. Industry experts project EV-internal combustion engine (ICE) price parity in the luxury segment by 2028, driven by declining battery costs and regulatory changes. Read The Rest at :
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