Prime Minister Narendra Modi announced on Independence Day that India would begin producing electric batteries domestically. This is a major development for the country’s electric vehicle (EV) sector. The shift towards EVs is growing, with the Prime Minister stating that the future belongs to EVs. He emphasized the importance of local production to secure the country’s EV needs. The Indian automotive sector has shown strong growth, with an increase of approximately 12% in the last year. India is now the fifth-largest economy in the world and the third-largest automotive market. Furthermore, the sale of electric vehicles has grown significantly in the last decade, highlighting the vast potential in this sector. The production of the Hyundai Creta Electric battery is a great example of local manufacturing.
