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India to be big market for electric vehicles; company studying feasibility of entering segment: Nissan COO

The alliance on Thursday announced its 2030 global roadmap that focuses on pure electric vehicles (EVs) and connected mobility with 35 new electric cars to be introduced based on five common EV platforms.

January 27, 2022 / 07:53 PM IST
Source: Reuters

Source: Reuters

India will be a big potential market for electric vehicles in the future and the Renault-Nissan-Mitsubishi automobile alliance is studying the feasibility of entering the segment in the country, Nissan Motor COO Ashwani Gupta said on Thursday.

The alliance on Thursday announced its 2030 global roadmap that focuses on pure electric vehicles (EVs) and connected mobility with 35 new electric cars to be introduced based on five common EV platforms.

This also entails 23 billion euros additional investment in the next five years on electrification.

When asked about the alliance’s plans for the Indian market and localisation of EVs in the country during a global virtual conference, Gupta said there were three things — product excitement, competitiveness and EV ecosystem — which it wanted to study for India before announcing the plans.