India's ambitious goal of removing gas-powered vehicles from its roads by 2030 has automakers revving up.
Nearly all the companies at the country's biennial Auto Expo, which opens Friday, have at least one electric vehicle on display. Some, such as Mahindra & Mahindra (MAHMF) and Tata (TTM), have several -- including an electric bus each.
Maruti Suzuki, the country's top carmaker with nearly half the market, unveiled an electric car concept, as did big international brands like Hyundai (HYMTF), Honda (HMC), Toyota (TM) and Daimler's (DMLRY) Mercedes-Benz.
Maruti Suzuki is also building a plant to manufacture lithium ion batteries along with Japanese electronics firm Toshiba (TOSBF) and auto parts manufacturer Denso (DNZOF). It should be operational by 2020.
India's ambitious goal of removing gas-powered vehicles from its roads by 2030 has automakers revving up.
Nearly all the companies at the country's biennial Auto Expo, which opens Friday, have at least one electric vehicle on display. Some, such as Mahindra & Mahindra (MAHMF) and Tata (TTM), have several -- including an electric bus each.
Maruti Suzuki, the country's top carmaker with nearly half the market, unveiled an electric car concept, as did big international brands like Hyundai (HYMTF), Honda (HMC), Toyota (TM) and Daimler's (DMLRY) Mercedes-Benz.
Maruti Suzuki is also building a plant to manufacture lithium ion batteries along with Japanese electronics firm Toshiba (TOSBF) and auto parts manufacturer Denso (DNZOF). It should be operational by 2020.
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