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Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry. ....
Luxury Electric Cars: While the next-generation Roadster with record-setting acceleration, range and performance might offer a glimpse into the future, US-based Tesla, Vietnam’s Vinfast, China’s BYD and many other global luxury car makers may bet on premium feature-led electric models for the Indian market. ....
While the next-generation Roadster with record-setting acceleration, range and performance might offer a glimpse into the future, US-based Tesla, Vietnams Vinfast, Chinas BYD and many other global luxury car makers may bet on premium feature-led electric models for the Indian market. ....
Investment in the Indian electric vehicle (EV) ecosystem is on the rise, with deals worth $1.2bn announced between January and August 2023, set to surpass the total funding announced in 2022, according to Tracxn. The sector has seen a 60% growth in funding in Q3 2023 compared to Q3 2022, and experts predict the emergence of unicorns and consolidation in the EV space. Investment is increasingly focused on credible companies with strong technology and a clear path to profitability, and there is growing interest in EV components, EV mobility services, and the entire EV ecosystem. ....