The evolving EV landscape in India is offering various opportunities for mobility startups to come up with unique product ideas and innovative business models. As a result, there has been a rapid growth in EV adoption in the country in the last few years, with EV sales cumulatively touching the 1.5-million-unit mark in CY23.
While there have been several opportunities for new-age startups, a dynamic market like India poses its own challenges, and as the EV industry in the country evolves, and competition intensifies – particularly with legacy players that have deep pockets stepping up their EV assault – startups might find it difficult to survive, stay profitable, and break even.
To deliberate upon these challenges, and opportunities, Autocar Professional and Autodesk partnered to bring a unique conversation – InnerCircle: A CXO Roundtable – to delve into the nuances of the EV industry in India. The two-part series, which was held in Bengaluru on February 20, followed by Pune on February 22, saw some of the most renowned personalities from the Indian EV startup ecosystem come together, and share their learnings, and experiences in overcoming the challenges, and enabling the ecosystem to be better prepared for the future.
Watch complete InnerCircle video –
