Will India Become A Manufacturing Hub For Electric Vehicles In Five Years?
One reason why is that leaders at the helm of billion and trillion-dollar businesses are strongly considering realigning their supply chains. As supply chains become realigned, more products, including electric vehicles and their components will be manufactured domestically. Govtâ€™s Actions To Make India Self-ReliantThe pandemic has highlighted that over-reliance on foreign supply chains makes the economy vulnerable to global shocks. As a result, there are more robust supply chains in India today than ever before. By 2025, on the back of deep domestic supply chains, and innovation, India will become a manufacturing hub for electric vehicles.