Electric vehicles to overtake gas guzzlers in India by 2030: Mahindra

Mahindra reported its first quarterly loss in nearly two decades last year as an economic slowdown in India squeezed purchasing power

Electric-vehicle sales should overtake gas guzzlers in India by the end of the decade as prices become more aligned and infrastructure and technology improves, hopefully with help from the government, according to Mahindra & Mahindra Ltd., one of the country’s biggest automakers.

While authorities can assist in terms of cost parity for EVs, in India it’s “difficult for the government to justify subsidizing cars for the rich,” Mahindra Deputy Managing Director Anish Shah said in an interview with Bloomberg Television broadcast Monday. “We have to find technology advances faster.”

“In three to five years’ time, we will have modern electric