Subhabrata Sengupta, Partner at Avalon Consulting, shared his views on EVs Drive About 20% of Industry Growth, Lift Mahindra, Tata Past Hyundai in FY26, which was published in Mint.
He highlighted that while EVs are contributing significantly to industry growth, adoption remains a strategic choice for automakers rather than a necessity. The article notes that although EVs boost volumes, they currently exert pressure on profitability due to lower margins compared to ICE vehicles, with future improvements expected through scale, platform efficiencies, and advancements in cost-effective technologies.
