The Indian market for electric cars is still nascent.
Electric cars are expected to account for close to 5 per cent of the Indian car market, or 175,000 cars, by 2017.
Auto majors such as Mahindra & Mahindra, Tata Motors, Maruti Suzuki, Hyundai and Hero Electric are assessing the electric car market.
Most international electric car brands haven’t been launched in India, primarily because of the high duty structure, lack of component supplies, and insufficient suppliers for charging such vehicles.
By 2020, about 20 million cars, or 5 per cent of automobiles, globally are expected to run on electricity.
