india is the fifth largest car market in the world and has the potential to become one of the top three in the near future — with about 40 crore customers in need of mobility solutions by the year 2030.
That is one side of the coin. The other side is that the country needs a transportation revolution. The current trajectory of adding ever more cars running on expensive imported fuel and cluttering up already overcrowded cities suffering from infrastructure bottlenecks and intense air pollution is unfeasible. India’s cities will choke.
A transportation revolution will have many components — better “walkability”, public transportation, railways, roads — and better cars.
Many of these “better cars” will likely be electric.
With rising levels of per capita income, there has been a tremendous demand for consumer electronics in the areas of mobile phones, UPS, laptops, power banks etc. requiring advanced chemistry batteries. This makes manufacturing of advanced batteries one of the largest economic opportunities of the 21st century.
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