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India’s EV Localisation Gains Momentum: Can India Build a Self-Reliant Electric Vehicle Ecosystem by 2030?
India is rapidly strengthening its EV manufacturing ecosystem and could achieve 90-100% localisation across several non-battery components by 2030. However, dependence on imported semiconductors, rare-earth magnets and specialised materials remains a major challenge for deeper domestic value creatio
5 min read
23 Jun 2026
