EV participants likely to dominate Auto Expo 2o23: Report
According to fresh reports, electric vehicles will dominate the upcoming Auto Expo 2023 with as many as 30 pure EV OEM participants set to mark their presence in the country’s largest motor show. Reportedly, 24 will be in the two-wheeler and the three-wheeler space.
The list includes Tork Motors, Okinawa Autotech, Hero Eco Tech, Ultraviolette, Wardwizard, Greaves Cotton and many others. While three pure EV OEMs – BYD India, Vauve Mobility and Pravaig Dynamics – and three in the pure EV commercial vehicle space – Omega Seiki, Hexall Motors and Jupitor Electric – will participate in the event.
An Indian Express report (by Vikram Chaudhary) confirmed that Hyundai India will showcase the Ioniq 5, a born electric car, while MG Motor and Tata Motors will also present a sizable number of EV motors.
Meanwhile, Maruti Suzuki, which does not have an EV in its portfolio will display an electric concept SUV. Experts have suggested that new-age start-ups in the mobility space and EVs are likely to gather the spotlight at the Auto Expo 2023. Saket Mehra, partner & auto sector leader at Grant Thornton Bharat, told FE that the electric vehicle industry is extremely excited for the forthcoming Auto Expo 2023.
“As the EV industry has witnessed an unmatched upsurge in the last two years in India, including the pandemic era, hence this will be the first time the event will host a substantial number of EV players,” said Mr. Mehra.
According to Vahan data, electric two-wheeler sales have increased from 44,844 units in July 2022 to the highest ever 76,458 units in October and 76,438 units in November.